Currencies

Canadian factory PMI hits 15-month low on expanding trade war

Canadian manufacturing activity contracted at a steeper rate in March as a widening global trade war triggered the sharpest decline in new orders since shortly after the start of the COVID-19 crisis. ...

Argentina pursues trade deal in Washington as Trump tariffs loom

Argentina's foreign minister will meet U.S. Secretary of State Marco Rubio on Tuesday in a trip aimed at laying the initial groundwork for a trade deal between the two nations, even as President...

Dax expected higher - focus on tariffs and inflation

According to the price trend on the futures markets, the DAX will start Tuesday with gains. At the beginning of the week, fears of the economic consequences of a broad-based increase in...

Argentina IMF deal advances fail to clear FX haze

Argentina and the International Monetary Fund may be on the home stretch over a $20 billion new program, but the deal has so far failed to dispel traders' anxiety and a haze of uncertainty around the...

Trump auto tariffs threaten new supply-price shock

As the world emerged from pandemic shutdowns in early 2021, a supply chain shock left a lasting imprint on the cost of owning a car in the U.S., spilling out first through prices of used and then new...

Exclusive-Fed's Daly: Inflation progress has been flat, dents confidence in rate cut view

San Francisco Federal Reserve Bank President Mary Daly on Friday said inflation data published earlier in the day confirms her decreased confidence in her baseline expectation that two interest rate...

Moderate US consumer spending, increasing prices raise specter of stagflation

U.S. consumer spending rebounded less than expected in February while a measure of underlying prices increased by the most in 13 months, stoking fears the economy was facing a period of tepid growth...

US Feb PCE prices index shows inflation picture still a conundrum

The Personal Consumption Expenditures price index increased 0.3% in February after advancing by an unrevised 0.3% in January, the U.S. Commerce Department said on Friday. Economists had forecast the...

Canada home prices to lag inflation; trade war further hurts sentiment

Canadian home prices are set to lag overall inflation this year, a Reuters poll of property market experts showed, with transaction volumes already down sharply as a U.S.-led trade war escalates and...

Dollar hovers ahead of PCE and tariff onslaught

The dollar was headed for a steady week on Friday and a quarterly loss next week as concern about tariffs slowing U.S. growth has pushed down U.S. yields, stocks and the currency. The...

Argentina IMF talks targeting $20 billion loan deal, minister says

Argentine Economy Minister Luis Caputo said on Thursday that the country was negotiating a $20 billion deal with the International Monetary Fund , formally putting a figure on the long-mooted program...

Global Eggs agrees to buy Hillandale Farms for $1.1 billion

SAO PAULO -Global Eggs, a company controlled by Brazilian entrepreneur Ricardo Faria, has agreed to buy U.S. egg producer Hillandale Farms for $1.1 billion, Faria told Reuters on Thursday. ...

Brazil sees trade tensions getting worse before they get better

Brazil's Secretary of Foreign Trade warned on Thursday that the global trade tensions being ratcheted up by Donald Trump's U.S. tariffs were likely to get worse before they get better. ...

Russia's Rusagro loses a third of its value after Moshkovich detained

Rusagro, Russia's leading producer of sugar, meat, oil and fat products, has lost nearly a third of its market value on the Moscow stock exchange since news of the detention of its billionaire founder...

Euro at three-week low as Trump imposes auto tariffs

The euro weakened to a three-week low on Thursday and the yen was steady against the dollar after U.S. President Donald Trump slapped a 25% tariff on imported cars and light trucks starting next week...

Ukraine may sign economic deal next week, US Treasury chief tells Fox News

U.S. Treasury Secretary Scott Bessent said on Wednesday Ukraine may sign an economic deal next week and President Donald Trump will not hesitate to raise sanctions on Russia if the need arises. ...

Bank of Canada gave less weight to downward risks to inflation - minutes

The Bank of Canada saw less evidence of downward pressure on inflation even as it decided to cut rates by 25 basis points on March 12, according to minutes of the deliberations released on Wednesday. ...

Customs uncertainty slows down Europe's stock markets

In the absence of clarity on the planned US tariff measures, Europe's investors retreated in the middle of the week. The leading German index Dax and its European counterpart Stoxx50...

Japan lawmaker says yen undervalued, eyes steps to reverse outflows

Japan's economic fundamentals suggest the yen's real value is closer to 120-130 per dollar rather than the current 150 levels, senior lawmaker told Reuters, as the ruling party considers steps to help...