Currencies

Fed releases 2025 bank stress test scenarios

The Federal Reserve announced on Wednesday it would be testing big banks against heightened stress in commercial and residential real estate markets as part of the U.S. central bank's annual stress...

Mexico's central bank will likely bring interest rate down to 9.5%

Mexico's central bank will likely cut its benchmark interest rate by 50 basis points later this week, taking it to 9.50%, a Reuters poll showed on Wednesday, as inflation cools and the economy notched...

Toronto home sales rebound 10% in January

Greater Toronto Area home sales rebounded in January as new listings climbed, while home prices were little changed after two straight months of increases, data from the Toronto Regional Real Estate...

More crowded US dollar trade ramps up expectations for euro parity

A crowded strong U.S. dollar trade is set to get more bunched up in coming months, with near one-third of currency strategists polled by Reuters now expecting the euro to fall to parity with the...

Trade war or not, global investors turn even more cautious on China

As China and the U.S. battle over tariffs, locked in a tussle that could result in a deal or a trade war between the world's two largest economies, staying away from China's stock market is becoming...

Russia seeks to end foreign corporate holding of vodka producer Russian Standard

Russia's finance ministry has added the Russian Standard Group companies to a list of economically significant organisations and launched an arbitration case over their foreign corporate holding...

US job openings fall sharply in December; layoffs low

U.S. job openings dropped sharply in December, but low layoffs suggested that the labor market was not abruptly slowing down. Job openings, a measure of labor demand, decreased 556,000...

Central bank body urges policy revamps to heed COVID lessons

Central bank body the Bank for International Settlements has urged the likes of the Federal Reserve and European Central Bank to revamp the way they approach interest rate setting to avoid the...

Ontario cancels Starlink contract in latest Canadian tariffs protest

The Canadian province of Ontario on Monday announced it was cancelling a C$100 million contract with Elon Musk's Starlink, the latest retaliatory move against tariffs announced by U.S. President...

Dax heads for 22,000 points - inflation and tariffs in view

Investors on the stock market remain in a record mood at the end of the month. The Dax jumped 0.3 percent on Friday morning to an all-time high of 21,799.80 points and thus set its...

Trade war fears roil shares of US auto majors, Big Tech after Trump tariffs

Shares of automakers and megacap tech stocks bore the brunt of a wider equity pullback on Monday after U.S. President Donald Trump ordered sweeping tariffs against Mexico, Canada and China, sparking...

Concerns about a trade war - negotiations scheduled at the last minute

Following the announcement of high special tariffs by US President Donald Trump, negotiations to avert a trade war are expected on Monday. Trump wants to speak with Canadian Prime...

Americans have high hopes for Trump's economy, Gallup poll shows

Americans are more bullish on the U.S. economy and the stock market and more hopeful about falling inflation and borrowing costs than they have been in a decade or more, including in the heyday of...

Tariffs worry Wall Street over earnings hit, inflation pressure

Investors are bracing for a looming hit to U.S. corporate profits and pressure on inflation after President Donald Trump on Saturday signed an executive order imposing tariffs on its largest trading...

Canada's Trudeau announces counter tariffs

Canada's Prime Minister Justin Trudeau said on Saturday Canada would impose 25% tariffs on C$155 billion of U.S. goods in response to U.S. tariffs. C$30 billion would take effect from Tuesday and...

US labor costs rise moderately in fourth quarter

U.S. labor costs rose marginally in the fourth quarter, offering some comfort to Federal Reserve officials after progress lowering inflation stalled at the end of 2024. The employment...

US inflation rise in December; consumer spending accelerates

U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year. The personal...

Canada's GDP contracts by 0.2% in November, likely rebounded following month

Canada's economy contracted more than expected in November as activity across a majority of sectors shrank due to work stoppages across inland transportation and at ports, Statistics Canada said on...

US equity funds draw first weekly inflow in four weeks

U.S. equity funds attracted inflows for the first time in four weeks in the week through Jan. 29, spurred by hopes of interest rate cuts following comments from President Donald Trump, and a rebound...