Currencies

US weekly jobless claims rise more than expected

The number of Americans filing new applications for unemployment benefits increased more than expected last week, but that likely does not signal a material shift in labor market conditions. ...

ECB reports glitches in securities settlement system

LONDON -The European Central Bank reported a problem in its securities settlement system on Thursday that disrupted communications within the network of operators that form the basic plumbing of...

Fed's quantitative tightening expectations upended by debt-ceiling worries

Expectations for the future path of the Federal Reserve's balance sheet drawdown process have been scrambled in the wake of last week's readout of January's policy meeting, which showed central...

Canada's TSX seen higher but trade uncertainty to limit gains

Canada's main stock index is set to reach a new record high by the end of 2025, helped by lower borrowing costs, but an uncertain outlook for global trade could limit gains and potentially trigger a...

Exclusive-Head of Fed-watchdog task force in Congress plans broad U.S. central bank review

The head of a new congressional panel gearing up to strengthen Capitol Hill's oversight of the Federal Reserve plans a broad review of how the U.S. central bank makes its interest rate decisions,...

Fed's Logan floats idea of discount-window loan auction facility

Dallas Federal Reserve Bank President Lorie Logan on Tuesday floated the idea of allocating a modest part of the Fed's balance sheet to loans and repos, perhaps holding a daily auction of...

Putin holds meeting on rare earth metals, aims to significantly boost output

Russian President Vladimir Putin held a meeting with officials on Monday to discuss rare earth metals production, which he described as a strategic reserve vital for Russia's future competitiveness...

Trump envoy says US firms may do business in Russia in case of peace deal

President Donald Trump's special envoy Steve Witkoff said on Sunday that there would be an expectation that U.S. firms may do business in Russia in the event of a peace deal in the Russia-Ukraine...

Fed's QT pause, Treasury's debt plans may offer fleeting relief to US bonds

A potential slowdown of the Federal Reserve's balance sheet drawdown and Treasury Secretary Scott Bessent's assurance against imminent long-term debt hikes could offer relief in the near term to bond...

Bank of Canada head wants review to leave 2% inflation target unchanged

he Bank of Canada's 2% inflation target should be maintained in a review set for 2026, Governor Tiff Macklem said on Friday, saying central bank needed to focus on risks such as the imposition of U.S....

Estonia's tech investors take defence into their own hands as Russian threat looms

Estonia, a Baltic country of 1.4 million people that has long punched far above its weight in the tech sector, is now leading central and eastern Europe's rush to fund defence projects spurred by...

Fed's Kugler says inflation risks remain, cites economic policy uncertainty

Federal Reserve Governor Adriana Kugler said on Thursday U.S. inflation still has some way to go to reach the Fed's 2% target, and that its path toward that goal continues to be bumpy. ...

Fed's Barr, stepping down from regulatory post, warns against weaker bank rules

The Federal Reserve's top regulatory official cautioned Thursday against a weakening of bank rules and oversight that could make firms vulnerable to surprise shocks. Fed Vice Chair for...

Zelenskiy needs to come back to the table on critical minerals deal, White House says

Ukrainian President Volodymyr Zelenskiy needs to come back to the negotiating table and strike a critical minerals deal that recognizes the amount of aid the U.S. has provided the country in its fight...

Fed's Bostic expects two rate cuts in 2025, but sees widespread uncertainty

Atlanta Federal Reserve President Raphael Bostic said on Thursday the U.S. central bank should still be able to lower interest rates by a half a percentage point this year, though there remains...

Miner Vale posts $694 million loss in fourth quarter

Brazilian miner Vale reported on Wednesday a $694 million loss in the fourth quarter, compared to a $2.4 billion profit a year earlier, and far below the $1.95 billion profit expected by analysts in a...

Yen rises, dollar steady as traders assess tariff risk, policy outlook

The yen firmed and the U.S. dollar held steady on Thursday as investors pondered what U.S. President Donald Trump's latest tariff agenda would mean for the global economy and how it could affect the...

Exclusive-Almost 90% of Japanese companies see Trump as bad for business, Reuters survey shows

Almost nine out of 10 Japanese companies expect U.S. President Donald Trump's policies to negatively affect business, a Reuters survey showed on Thursday, the clearest sign yet of mounting worry in...

Canada is focused on making sure US doesn't impose tariffs, says Trudeau

Canada is totally focused on making sure the United States does not go ahead with a threat to impose tariffs on Canadian imports, Prime Minister Justin Trudeau said on Wednesday. If ever...