Currencies

Canada's annual inflation rate increases to 1.9% in January

Canada's annual inflation rate rose 1.9% in January, up from 1.8% in December as lower prices helped by a sales tax reprieve were partly offset by higher cost of gasoline and natural gas, data showed...

Japan braces for BOJ to lift rates sooner and higher

Hawkish comments from the Bank of Japan and sticky inflation are lifting bond yields to multi-year highs and pushing forward rate hike expectations, shaking long-held views that rates would not rise...

Exclusive-Five Iraqi banks to be banned from U.S. dollar transactions - sources

Iraq's central bank will ban five more local banks from engaging in U.S. dollar transactions, a move that comes after meetings with U.S. Treasury officials in efforts to combat money laundering,...

Fed's Logan calls for caution on rate cuts, even if inflation cools

Dallas Federal Reserve Bank President Lorie Logan on Friday reiterated her view that even if inflation nears the Fed's 2% goal in coming months, the U.S. central bank should not necessarily reduce...

US manufacturing output falls in January on weak motor vehicle production

U.S. manufacturing production unexpectedly fell in January, weighed down by a sharp decline in motor vehicle output. Factory output dipped 0.1% last month after a downwardly revised 0.5%...

Brazil hints at WTO complaint, tax on US products after Trump steel tariffs

President Luiz Inacio Lula da Silva said on Friday that Brazil would react to U.S. President Donald Trump's decision to issue tariffs on steel imports, suggesting his government could file a complaint...

China's Ganfeng starts lithium production at Argentina's Mariana project

China's Ganfeng Lithium mining company has begun producing lithium at its Mariana project in northern Argentina, it said on Wednesday, kicking off one of several of its new lithium projects under way...

Fed's Powell sees a ways to go on shrinking Fed holdings

Over two days of testimony this week before Congress, Federal Reserve Chairman Jerome Powell indicated there's no imminent end to the central bank's balance sheet wind down process, as some banks have...

Hotter January inflation jolts markets, dimming rate cut hopes

Surprisingly strong U.S. inflation in January stoked investor fears that a heating economy and looming tariffs could corner the Federal Reserve, undercutting interest rate-cut hopes and even raising...

Hot Jan US CPI surprise hurts case for Fed ease soon

The U.S. consumer price index increased more than expected in January, reinforcing the Federal Reserve's message that it was in no rush to resume cutting interest rates amid growing uncertainty over...

Fed's Williams says monetary policy is in right place to achieve Fed goals

Federal Reserve Bank of New York President John Williams said Tuesday the current level of short-term interest rates should help get inflation back to the central bank's 2% target, in comments that...

US, UK, Australia target Russia-based Zservers over Lockbit ransomware attacks

The United States joined Australia and Britain in targeting Russia-based Zservers service provider for its role in supporting the Lockbit ransomware attacks, the U.S. Department of Treasury said on...

US coal exports to India expected to rise due to China tariffs

The United States is expected to boost coal exports to India after China imposed tariffs on energy imports from the U.S., five industry officials said, potentially eroding Australia and Russia's...

Brazil plans levies on US tech firms after Trump steel tariffs, report says

Brazil's government is planning to impose tariffs on U.S. tech companies if President Donald Trump goes ahead with his plans to introduce a 25% tariff on all steel imports into the U.S., newspaper...

Wall St futures slip, dollar climbs on tariff threats

Wall Street share futures fell and the dollar rose broadly on Monday after U.S. President Donald Trump repeated warnings of imminent tariffs including on steel and aluminium, an inflationary move that...

Fed officials see healthy jobs market, no rate-cut rush

Federal Reserve officials on Friday said the U.S. job market is solid and noted the lack of clarity over how President Donald Trump's policies will affect economic growth and still-elevated inflation,...

Traders now see just one Fed rate cut this year

Traders of short-term interest-rate futures on Friday now expect the Federal Reserve to cut interest rates just one time this year, backing away from earlier bets on two rate cuts starting in June,...

Canada's economy adds 76,000 jobs in January

Canada's economy added 76,000 jobs in January and the jobless rate edged down to 6.6%, Statistics Canada data showed on Friday. Market reaction: [CAD/] Link: ...

Moderate US job growth expected in noisy January employment report

U.S. job growth likely slowed in January, partly restrained by wild fires in California and cold weather across much of the country, though not enough for the Federal Reserve to resume interest rate...