Currencies

In the Market-How the ghost of 'transitory' inflation is haunting the rate debate

Joseph Lavorgna, counselor to Treasury Secretary Scott Bessent, believes tariffs are not inflationary and says economists who have been predicting that prices would rise due to President Donald...

US dollar slumps as Trump's tariff deadline looms

NEW YORK -The dollar slid on Tuesday, with the yen one of the major gainers versus the greenback, as investors tracked talks ahead of an August 1 deadline that could bring steep tariffs on products...

US Treasury's Bessent calls for review of Fed non-monetary policy operations

WASHINGTON -U.S. Treasury Secretary Scott Bessent said the Federal Reserve's vital independence on monetary policy is threatened by its mandate creep into non-policy areas and he called on the U.S....

Investors Cautious as Markets Await Chancellor Meeting and Earnings Reports

The anticipation of key events and corporate earnings reports left stock market investors treading carefully at the start of the week. By midday Monday, the DAX was trading slightly lower at 24,241...

DAX Investors Cautious Amid Looming Tariff Talks

With the threat of significantly higher U.S. tariffs looming at the start of August, stock market investors across Europe are growing increasingly nervous. The DAX closed Monday's trading session up...

US equity funds see weekly outflows on tariff worries, inflation pressure

U.S. equity funds again came under selling pressure through the week to July 16, dampened by worries over President Donald Trump's tariff rhetoric and the buildup in inflationary pressure,...

Global equity funds see outflows on tariff concerns

Global investors pulled money out of equity funds in the week through July 16 as U.S. President Donald Trump's tariff threats and an inflation report indicating an increase in U.S. consumer prices,...

Bank of Japan may offer less gloomy view of US tariff hit in report, sources say

TOKYO -The Bank of Japan will warn of uncertainty over the impact of U.S. tariffs in a quarterly report due this month, but may offer a less gloomy view on the near-term hit to Japan's economy than...

DAX Investors Unfazed by Speculation Surrounding Fed Chair Powell

After recent losses, DAX investors showed renewed confidence on Thursday, snapping up shares with vigor. The German benchmark index climbed as much as 1.3 percent to 24,315 points, edging closer to...

Dollar gains broadly; yen dips before election Japan election

NEW YORK -The dollar rebounded broadly on Thursday following a turbulent session on Wednesday when U.S. President Donald Trump denied reports that he was planning to fire Federal Reserve Chair Jerome...

Brazil urges trade talks with U.S. after Trump tariff hike

BRASILIA/SAO PAULO -Brazil on Wednesday urged the U.S. to respond to a trade proposal submitted in May, reaffirming its openness to a mutually acceptable deal after U.S. President Donald Trump...

Traders boost bets on Fed rate cuts 

Short-term U.S. interest-rate futures rose on Wednesday after a report that President Donald Trump is likely to fire Federal Reserve Jerome Powell soon, with traders now betting on rate cuts starting...

US manufacturing output edges up in June

WASHINGTON -U.S. factory production edged up in June as a decline in motor vehicle output was offset by gains elsewhere, though manufacturing remains constrained by tariffs on imports. ...

US producer prices flat in June, but tariffs lift goods costs

WASHINGTON -U.S. producer prices were unexpectedly unchanged in June as a tariff-driven increase in the cost of goods such as communication and related equipment was offset by softening demand for...

European Markets Mixed as Tech Sell-Off Weighs on Sentiment

Falling share prices among key technology stocks unsettled investors across European markets on Wednesday. By midday, the DAX was trading slightly higher at 24,124 points. However, the EuroStoxx50...

US launches probe into Brazil's trade practices, digital payment services

WASHINGTON -U.S. Trade Representative Jamieson Greer said on Tuesday he had launched an investigation into Brazil's unfair trading practices, a week after President Donald Trump threatened a 50%...

Brazil looks to solve US tariff issue before deadline

BRASILIA -Brazil will work to get the United States to reverse 50% tariffs on Brazilian goods before they are set to take effect on August 1, Vice President Geraldo Alckmin said on Tuesday. ...

US consumer prices rise in June as tariff pass-through begins

WASHINGTON -U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an impact on inflation and potentially keeping...

Canada's annual inflation rate in June up slightly to 1.9%

OTTAWA -Canada's annual inflation rate rose to 1.9% in June, meeting analysts' expectations, as increases in the price of automobiles, clothing and footwear pushed the index higher, data showed on...