Currencies

EU's new Russia sanctions to target energy sector and banks

BRUSSELS -The European Commission proposed on Tuesday an 18th package of sanctions against Russia for its invasion of Ukraine, aimed at Moscow's energy revenues, its banks and its military industry. ...

DAX Investors Remain Cautious as Defense Stocks Come Under Pressure

DAX investors are treading carefully amid ongoing trade talks between the US and China in London. Germany's benchmark index slipped 0.1 percent to 24,149 points at Tuesday's opening. This week...

Deal to get US-China trade truce back on track is done, Trump says

WASHINGTON/LONDON -President Donald Trump on Wednesday said he was very happy with a trade deal that restored a fragile truce in the U.S.-China trade war, a day after negotiators from Washington and...

Brazil inflation estimated to have edged down in May

Brazil's inflation is estimated to have edged down in May as a persistent rise in food and beverage prices took a break, a Reuters poll found. Food inflation has begun to cool due to a...

Why Brazil's 'King of Cattle' is embracing a plan to save the Amazon

XINGUARA, Brazil -Decades of ranching in the Amazon have earned Roque Quagliato, Brazil's King of Cattle, great wealth - and some trouble. His family's immense farms were accused of submitting workers...

Stocks climb, dollar dips with US-China trade talks eyed

NEW YORK -Global stocks climbed on Monday while the dollar retreated as talks began in London between the United States and China, aimed at cooling a trade dispute between the world's two largest...

Canada's May unemployment rate at multi-year high

OTTAWA -Canada's unemployment rate in May jumped to its highest level in almost nine years, excluding the peak of the COVID-19 pandemic, with 1.6 million jobless people in the country, data showed on...

Fed likely to leave rates unchanged as US job market cools but doesn't crumble

Federal Reserve policymakers have already signaled they are in no rush to cut interest rates, and a government report on Friday showing the labor market is far from crumbling amid big trade policy...

US job growth slows as tariff uncertainty leaves businesses in limbo

WASHINGTON -U.S. job growth slowed in May amid uncertainty about the Trump administration's import tariffs, but solid wage growth should keep the economic expansion on track and potentially allow the...

Exclusive-Brazil government to back bill cutting tax breaks by 10%, say sources

BRASILIA -Brazil's government is expected to back a bill proposing a 10% cut to federal tax breaks, two sources told Reuters on Thursday, in a move that could allow it to scrap a controversial...

Chicago private equity firm has stake in Gaza aid company

WASHINGTON -A Chicago-based private equity firm - controlled by a member of the family that founded American publishing company Rand McNally - has an economic interest in the logistics company...

Bank of Canada: some firms see less chance of a worst-case tariffs scenario

Canadian firms and industry associations affected by trade tensions are less worried about a worst-case scenario involving U.S. tariffs but are set to raise prices, the Bank of Canada said on...

Fed policymakers flag inflation concerns, a view that argues against rate cuts

A pair of Federal Reserve policymakers signaled on Thursday that they believe higher inflation is for now a more pressing risk than a slowing labor market, a view that implies support for keeping...

Weekly jobless claims hit seven-month high; imports post record decline

WASHINGTON -The number of Americans filing new applications for unemployment benefits increased to a seven-month high last week, pointing to softening labor market conditions amid mounting economic...

DAX Climbs to Fresh Record High Ahead of ECB Rate Decision

In anticipation of another key interest rate cut by the European Central Bank , DAX investors snapped up shares on Thursday. Germany's blue-chip index rose by 0.5 percent ahead of the rate...

Dollar drops against euro after ECB indicates possible end to rate easing cycle

NEW YORK -The dollar dropped against the euro on Thursday after the European Central Bank indicated a possible end to its year-long policy easing cycle and U.S. data pointed to softening labor market...

Dollar to decline further on U.S. fiscal, growth and trade risks

Falling demand for U.S. dollar-denominated assets will push the greenback lower in coming months, according to FX strategists surveyed by Reuters, as concerns mount about the U.S. federal deficit and...

Bank of Canada holds key rate steady but says a future cut is possible

OTTAWA -The Bank of Canada on Wednesday held its key benchmark rate at 2.75%, citing the need to probe the effects of U.S. trade policy, but said another cut might be necessary if the economy...

Fed officials beat the policy patience drum as tariff uncertainty persists

NEW YORK -Federal Reserve officials on Tuesday argued again for caution on monetary policy as President Donald Trump's trade war continues to inject substantial amounts of uncertainty and the risk of...