Currencies

Global equity funds post their biggest weekly outflow in six weeks

Global equity funds have seen weekly outflows for the first time in six weeks, pressured by rising U.S. Treasury yields and mounting concerns over the U.S. debt burden and tax-cut legislation,...

Canada March retail sales rise 0.8%; seen up 0.5% in April

OTTAWA -Canadian retail sales grew by 0.8% in March from February, more than analysts had forecast, and looked set to have increased by 0.5% in April, Statistics Canada data indicated on Friday. ...

Bank of Canada head warns of weak growth if tariff uncertainty persists

BANFF, Alberta -Bank of Canada Governor Tiff Macklem said on Thursday he expected second-quarter growth to be quite a bit weaker than the first quarter, and that it could be worse in subsequent...

Fed's Perli encourages firms' use of Standing Repo Facility

NEW YORK -A Federal Reserve Bank of New York official responsible for implementing monetary policy said on Thursday the central bank is encouraging usage of a key liquidity tool that thus far has...

Russian lawmakers push for right to ignore Western company buyback options

Russian lawmakers are pushing for new rules to give domestic companies the right to ignore any buyback options they agreed with Western firms that left the country, to keep a grip on strategic...

G7 glosses over tariffs, pledges to cut global economic imbalances

BANFF, Alberta -Finance ministers and central bank governors from the Group of Seven democracies papered over their differences on Thursday, pledging to tackle excessive imbalances in the global...

US real earnings stalled across age, income groups in past year, study shows

WASHINGTON -Inflation-adjusted earnings stalled across age and income groups over the past year, while the sometimes rapid wage gains of the COVID-19 era have left workers as a whole little better...

Plan to beef up Fed forecasts hits hurdle among its regional presidents

AMELIA ISLAND, Florida -A proposal for the U.S. Federal Reserve to release detailed economic forecasts after some of its meetings to anchor the discussion of monetary policy is drawing fire from the...

Japan's possible response to rise in super-long bond yields

TOKYO -Japan's super-long government bond yields have spiked to record highs, as mounting political calls for tax cuts and big spending draw investors' attention to the country's fiscal woes. ...

Weak US economic outlook persists despite brief trade truce with China

The outlook for the U.S. economy remains weak despite a temporary cooling of the U.S.-China trade war, a Reuters poll of economists showed, with a debate over the country's fiscal health hanging in...

Canada annual inflation rate falls, but rise in core measures is tricky for central bank

OTTAWA -Canada's annual inflation rate fell to 1.7% in April due to a drop in energy prices, but analysts said a rise in closely watched core measures would make life hard for the Bank of Canada as...

With US and EU deals, Britain embarks on high-risk balancing act

LONDON -Britain's pursuit of trade deals with the European Union and United States, while courting China, has made it a test case for navigating U.S. President Donald Trump's unpredictable new world...

Dollar set for more weakness as 'Brand USA' falls further out of favor

NEW YORK -Trade-related uncertainties, ballooning fiscal debt and weakened confidence about enduring U.S. exceptionalism have weighed on U.S. assets, with the dollar one casualty. Investors see the...

Fed officials take cautious view on US markets amid downgrade

NEW YORK -U.S. Federal Reserve officials speaking on Monday took on cautiously the ramifications of the latest downgrade of the U.S. government's credit rating and unsettled market conditions as they...

US Federal Reserve aims to trim staff by 10% in coming years

WASHINGTON -The Federal Reserve plans to shrink its workforce by about 10% over the coming years, bringing the U.S. central bank in line with President Donald Trump's broader efforts to streamline...

Brazil's first bird flu case on commercial firm triggers Chinese ban

SAO PAULO -Brazil on Friday confirmed its first case of the highly contagious bird flu virus on a commercial chicken farm in the south of the nation, triggering a temporary trade ban from its main...

Brazil's Gol secures $ 1.9 billion in exit financing with 5-year term

Brazil's airline Gol secured binding commitments for exit financing with a 5-year term totaling $1.90 billion, in context of chapter 11, it said in a filing on Friday. Additional demand...

Argentina's black market for dollars falters as currency controls are eased

On the streets of downtown Buenos Aires, where years of tough currency controls fermented a thriving black market for dollars, an army of illegal money traders are finding times hard under the...

China's neighbors are betting on their currencies to appease Trump

With the currencies of South Korea, Taiwan, and Japan posting notable gains in recent days, speculation is rife that these economies may use a revaluation of their currencies as leverage in their...