Currencies

Fed Chair Powell signals possible tweaks to 'dot plot' rate-path forecasts

Federal Reserve Chair Jerome Powell on Friday signaled potential changes for the Fed's closely watched dot plot interest-rate projections as part of a broad policy framework review underway at the...

US jobs data calms market fears, but jitters on policy uncertainty dominate

A solid U.S. jobs report assuaged some swirling concerns about a rapid growth slowdown, but with policy uncertainty surging and tariff headlines keeping the outlook for risk assets murky, Wall Street...

Fed expected to cut rates in June as jobs data raises potential red flags

The Federal Reserve will head into its March 18-19 policy meeting with the labor market strong overall but showing some potential early signs of weakening, a development that could put the U.S....

Recession risks rise for all three North American economies over US tariff chaos

Risks to the Mexican, Canadian and American economies are piling up amid a chaotic implementation of U.S. tariffs that has created deep uncertainties for businesses and decision-makers, according to...

Fed's Powell gets chance to address trade war, stagflation fears

A soft landing from inflation may still be in sight, but when Federal Reserve Chair Jerome Powell speaks in New York on Friday he will be facing a tangled set of new risks to that long-sought goal,...

Russian tanker group Sovcomflot says 2024 net profit down by 55%

Russia's leading tanker group Sovcomflot said on Friday that its net profit had dropped by 55% to $424 million in 2024. Sovcomflot's earnings before interest, tax, depreciation and...

For markets, German fiscal splurge blurs ECB outlook

A tectonic shift in German fiscal policy has compounded uncertainty for traders trying to bet on how fast the European Central Bank will cut rates for the rest of the year, with a change to the bank's...

US fourth-quarter worker productivity revised higher

U.S. worker productivity grew a bit faster than initially thought in the fourth quarter, helping to curb labor costs and providing a boost in the fight against inflation.  Nonfarm...

US weekly jobless claims fall more than expected

The number of Americans filing new applications for unemployment benefits fell more than expected last week, suggesting that the labor market remained stable in February, though turbulence lies ahead...

Hundreds of US diplomats join letter to Rubio to protest dismantling of USAID

WASHINGTON -Hundreds of diplomats at the State Department and U.S. Agency for International Development have formally written to Secretary of State Marco Rubio protesting the dismantling of USAID,...

Canada is imposing 25% tariffs on $30 billion of US imports, says Trudeau

Canada is imposing 25% tariffs on C$30 billion worth of U.S. imports with immediate effect, Prime Minister Justin Trudeau told reporters on Tuesday. Trudeau made the announcement just...

Investors say it's time to take Trump seriously as markets recoil

Markets no longer think Donald Trump is full of bluster and are moving quickly to anticipate a slowdown in U.S. and global growth as he raises a wall of tariffs around the world's biggest economy and...

Evidence suggests Trump's cheap yuan comment is unfounded

U.S. President Donald Trump's criticism of China's foreign exchange policy appears to be unfounded, given the yuan's relative strength in currency markets and Beijing's efforts to keep it stable. ...

Canada's retaliatory tariffs on US goods to start Tuesday, PM Trudeau says

Canada will impose 25% tariffs on C$155 billion worth of U.S. goods from Tuesday if U.S. President Donald Trump's administration follows through with its proposed tariffs on Canadian goods, Prime...

Traders place record bet on rising Japanese yen, eyeing further rate hikes

Speculators have mounted their biggest ever wager that the Japanese yen will continue to rise as they position for further Bank of Japan interest rate hikes, an abrupt reversal from huge bets against...

Ukraine international bonds tumble after Trump-Zelenskiy clash

Ukraine's international bonds suffered sharp falls on Monday following a clash between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump late on Friday. The 2035...

Investors unnerved by heated Trump-Zelensky Oval Office showdown

Investors were stunned on Friday after Ukrainian President Volodymyr Zelenskiy's meeting with U.S. President Donald Trump ended in disaster, adding uncertainty to financial markets already jittery due...

INSTANT VIEW-Canada's economy grows 2.6% in fourth quarter

Canada's economy grew faster than expected in the fourth quarter, led by consumer spending, business investments and exports, data showed on Friday. Market reaction: CAD/ ...

Canada's economy posts surprise annualized fourth quarter growth of 2.6%

Canada's gross domestic product in the fourth quarter expanded by 2.6% on an annualized basis, surpassing widespread expectations, as a jump in consumer spending, business investments and exports...