Currencies

Brazil challenges legitimacy of US trade probe, urges dialogue

BRASILIA/SAO PAULO -Brazil submitted its formal response to a U.S. trade investigation on Monday, rejecting the allegations while challenging the legitimacy of the probe itself. While...

Trading Day: Muted Monday, eyes on Trump summitry

ORLANDO, Florida -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Many world markets took a breather on...

Chinese firms in legal battle over Brazil food delivery

SAO PAULO -A Brazilian subsidiary of China's ride-hailing company DiDi Global sued Chinese rival Keeta on Monday in a Sao Paulo court alleging trademark infringement and unfair competition, according...

What US stagflation risks mean for world markets

LONDON -The spectre of U.S. stagflation is stalking global markets, causing some investors to position portfolios to dodge the potential damage that tariffs could wreak on growth and inflation in the...

Fed's Daly: Two rate cuts, more or less, appropriate this year

San Francisco Federal Reserve Bank President Mary Daly, in an interview following economic reports showing stronger-than-expected retail sales and an unexpected jump in wholesale prices last month,...

US Fed to cut rates in September and once more this year, say most economists

BENGALURU -A Federal Reserve interest rate cut in September, the first this year, followed perhaps by another before year-end remains the base forecast for most economists polled by Reuters amid...

Fed Chair Powell to speak Aug 22 amid speculation on rate cuts, replacement

Federal Reserve Chair Jerome Powell will give a speech on the economic outlook and the Fed's review of its policy framework next Friday at the Kansas City Fed's annual central banking conference in...

Hot wholesale prices data puts wrinkle in Fed's rate-cut roadmap

A jump in wholesale prices is likely to bolster concerns among Federal Reserve policymakers that rising inflation remains a risk, intensifying debate over the rationale for an interest rate cut next...

Instant View: US producer prices surge more than expected

NEW YORK -U.S. producer prices increased more than expected in July amid a surge in the costs of services and goods, suggesting a broader pickup in inflation in the months ahead. The...

US producer inflation heats up as goods, services prices soar

WASHINGTON -U.S. producer prices increased by the most in three years in July amid a surge in the costs of goods and services, suggesting a broad pickup in inflation was imminent, posing a dilemma...

DAX Stagnates as RWE and HelloFresh Plunge

Amid a flood of corporate earnings reports, investors on the German stock market hit the brakes on Thursday. The DAX edged up just 0.1 percent to 24,221 points in morning trading. On Wednesday, hopes...

Goldman Sachs sees Fed cutting rates thrice in 2025, twice more in 2026

NEW YORK -Goldman Sachs said on Wednesday in a research note it expects the U.S. Federal Reserve to deliver three 25-basis-point interest rate cuts this year and two more in 2026. This...

Trading Day: Is the only Fed doubt now a 25 or 50 bps cut?

ORLANDO, Florida -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Stocks rose around the world on...

Fed grappling with impact of tariffs as it ponders rate decisions, Goolsbee says

Chicago Federal Reserve President Austan Goolsbee said on Wednesday the U.S. central bank is grappling with understanding whether tariffs will push up inflation just temporarily or more persistently,...

Bank of Canada divided on impact of monetary policy given tariffs, say minutes

Ahead of the Bank of Canada's July 30 interest rate decision, governors were divided on how much monetary policy could aid growth under current economic conditions, minutes of the meeting showed on...

Brazil unveils aid package for exporters hit by US tariffs

BRASILIA -Brazil's government unveiled on Wednesday a long-awaited aid package for companies hurt by steep U.S. tariffs, centered on credit lines for exporters and government purchases of products...

Fed cut seen near certain after inflation data, Bessent comments

WASHINGTON -The likelihood of a Federal Reserve rate cut in September is now seen near 100% after new data showed U.S. inflation increased at a moderate pace in July and Treasury Secretary Scott...

US 30-year mortgage rate dropped last week, refi applications surged

The interest rate for the most popular U.S. home loan dropped to 6.67% last week, the lowest rate since early April, triggering a rush of homeowners seeking to lock in cheaper financing on existing...

BOJ faces pressure to ditch obscure inflation gauge, clear path to tighter policy

TOKYO -Pressure is mounting within the Bank of Japan to ditch a vaguely defined gauge of inflation as worries about second-round price effects prompt some board members to call for a more hawkish...