Analysis: Currencies

India considering import tariff on some steel products, source says

NEW DELHI -India is considering extending an import tariff, locally known as a safeguard duty, on some steel products to counter cheaper imports primarily from China, according to a source with...

IMF to reclassify India's FX management framework, Bloomberg News reports

MUMBAI -The International Monetary Fund is likely to reclassify India's foreign exchange rate management regime in the near future, Bloomberg News reported on Tuesday citing people familiar with the...

Bank of Korea to hold rates at 2.50% on November 27, cut pushed to next quarter

BENGALURU -The Bank of Korea will keep its key interest rate unchanged at 2.50% on Thursday as policymakers grapple with a volatile currency and an overheated housing market, according to a majority...

Finland clings to happiness crown as economic gloom deepens

HELSINKI -Harsh economic headwinds are sending a chill through the world's happiest country. But after 1,000 days of unemployment, 33-year-old Juho-Pekka Palomaa hasn't let Finland's problems get him...

Currencies: CAD and gold in sight

An interesting question from one of our readers: Why isn't the Canadian dollar rising even though Canada is one of the main gold-producing countries? Some answers. ...

TSX opens higher as investors weigh Fed rate-cut prospects

Canada's main stock index opened higher on Monday, with mining stocks leading the gains, as investors weighed growing odds of a U.S. Federal Reserve interest rate cut in December. At...

India cenbank net sold $7.9 billion in September to halt rupee's slide, bulletin shows

MUMBAI -The Indian central bank sold a net of $7.91 billion in the foreign exchange market in September, data released on Monday showed, as the Reserve Bank of India stepped up efforts to curb a...

Fed's Waller says he met with Treasury Secretary 10 days ago about Fed chair position, Fox Business reports

WASHINGTON -U.S. Federal Reserve Governor Christopher Waller said he met with Treasury Secretary Scott Bessent recently to further discuss his possible nomination as Fed Chair, as the Trump...

RBI chief says room for more interest rate cuts in India, timing up to panel

MUMBAI -Reserve Bank of India Governor Sanjay Malhotra said in an interview with Zee Business on Monday that there is scope to further reduce policy interest rates. At the last MPC ...

New AI club to bestow nuclear-like power, says Russian tech boss

MOSCOW -Artificial intelligence will bestow influence on a par with nuclear technology to countries able to get ahead now, a top Russian AI executive said, giving them superiority this century. ...

Union asks judge to order Trump officials to fund US consumer watchdog

A federal employees' union on Sunday asked a federal judge to order the Trump administration to fund the top U.S. consumer watchdog, weeks after the agency said its cash could run out by year's end. ...

Indian rupee at risk of steeper losses, bonds to react to liquidity and growth data

MUMBAI -The Indian rupee is likely to face further depreciation pressure this week, with traders eyeing a move toward 90 per U.S. dollar in the absence of firm central bank intervention, while bond...

BOJ close to raising rates, board member Masu says -Nikkei

TOKYO -The Bank of Japan is nearing a decision to raise interest rates and will not wait until after next year's spring wage negotiations end, its board member Kazuyuki Masu was quoted in the Nikkei...

Fed's Miran would back 25-bp rate cut if he were 'marginal vote' - BBG TV

Federal Reserve Governor Stephen Miran on Friday said he would vote for a quarter-percentage-point interest rate cut at the December meeting if his vote meant the difference in securing a rate...

Shipping giant CMA CGM resumes Russia trade with food cargo

PARIS -French-based CMA CGM, the world's third-largest container shipping line, has resumed limited services to Russia, notably to transport food, three years after withdrawing from the country...

Canada stocks edge higher as Fed rate cut bets rise

Canada's main stock index edged higher on Friday as investors raised bets on a December interest rate cut by the Federal Reserve, while markets stabilized after the previous session's hammering. ...

Fed's Jefferson: AI-related stock gains unlikely to be dot-com boom replay

Federal Reserve Vice Chair Philip Jefferson on Friday said he feels the current surge in stocks related to artificial intelligence is unlikely to be a replay of the late 1990s dot-com stock boom that...

Euro zone business activity grows steadily in November, PMI shows

Euro zone business activity grew steadily this month as services expanded at the quickest pace in 1-1/2 years, while weak demand sent manufacturing back into contraction territory, a private survey...

Top ECB officials urge EU to remove internal barriers amid Trump tariffs

FRANKFURT -The European Union can offset the economic drag from U.S. trade tariffs and deglobalisation by removing internal barriers, top European Central Bank policymakers said on Friday. ...