Currencies

Miran defends low-rate view as colleagues caution on further cuts

WASHINGTON -New Federal Reserve Governor Stephen Miran said on Monday that the Fed is misreading how tight it has set monetary policy and will put the job market at risk without aggressive rate cuts,...

Fed's Musalem says limited room for further rate cuts

WASHINGTON -St. Louis Federal Reserve President Alberto Musalem said on Monday he supported the rate cut at last week's Fed meeting as a precautionary move to protect the job market, but said there...

What and where are Russia's frozen assets in the West?

MOSCOW -As much as $250 billion worth of Russian assets have been frozen in the European Union since the U.S. and its allies prohibited transactions with Russia's central bank and finance ministry...

EU to reopen market for Brazil's chicken meat after bird flu outbreak

SAO PAULO -The European Union will reopen its market to Brazil's chicken meat, lifting a ban imposed in May after a bird flu outbreak in Rio Grande do Sul state, Brazil's agriculture ministry said in...

US ready to support Argentina with 'large and forceful' action, Treasury chief says

WASHINGTON -U.S. Treasury Secretary Scott Bessent on Monday said that all options were on the table for stabilizing Argentina, including swap lines and direct currency purchases, while underscoring...

China central bank head pledges data-driven policy to aid recovery

BEIJING -China's central bank head pledged on Monday to use a range of monetary policy tools to ensure ample liquidity, try to drive down funding costs and support economic recovery. ...

India's trade minister to visit US on September 22 for talks

India's Trade Minister Piyush Goyal will visit Washington on September 22 to accelerate talks on a long-pending trade deal, following recent progress in negotiations resumed last week. ...

Brazil leather price slumps, challenging $1.25 billion export industry

Brazilian leather prices have fallen sharply over the last decade or so, threatening jobs and weakening the national industry against global competitors, according to data compiled by Durli Leathers,...

Global equity funds see a surge in weekly outflows

Investors divested equity funds on a large scale in the week to September 17 to lock in profits as an extended record-setting rally in global stocks amid an interest rate cut by the Federal Reserve...

Central bank bonanza

Check out what ROI Editor-in-Charge Anna Szymanski and the rest of the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning...

Indonesia's surprise rate cut, growth gambit put rupiah in the crosshairs

SINGAPORE -Bank Indonesia's rate cut this week stunned markets for all the wrong reasons - investors fear the central bank is bowing to pressure from President Prabowo Subianto to juice the economy,...

Trump asks US Supreme Court to allow firing of Fed Governor Lisa Cook

President Donald Trump's administration asked the U.S. Supreme Court on Thursday to let him move ahead with firing Federal Reserve Governor Lisa Cook - a move without precedent since the central...

US weekly jobless claims reverse prior surge, labor market still softening

The number of Americans filing new applications for unemployment benefits fell last week, reversing the prior week's jump, but the labor market has softened as both the demand for and supply of...

EU floats plan to use frozen Russian assets for Ukraine loan, bypassing a Hungary veto

BRUSSELS -The European Union is discussing ways to use frozen Russian assets to underpin a so-called reparation loan to Ukraine to bolster its wartime finances and bypass the risk of a veto by...

Cyber attacks cost German economy 300 billion euros in past year, survey finds

BERLIN -Cyber attacks, launched increasingly often by foreign intelligence agencies rather than criminals, cost the German economy almost 300 billion euros over the past year, according to a survey...

DAX Expected to Open Higher Following US Rate Cut

After the US interest rate decision, the DAX is expected to open higher on Thursday, according to calculations by banks and brokerage houses. On Wednesday, the index had gained 0.1 percent to reach...

Hong Kong central bank cuts interest rate, tracking Fed; banks follow

Hong Kong's central bank on Thursday lowered its base interest rate by 25 basis points to 4.50%, tracking a cut by the U.S. Federal Reserve. It was the first easing by the Hong Kong...

BOJ may raise rates in October even if Takaichi wins leadership race, says ex-central bank official

TOKYO -The Bank of Japan could raise interest rates in October even if Sanae Takaichi, a proponent of aggressive monetary easing, wins the ruling party's leadership race and becomes the next premier,...

Thai government says will work with central bank to tackle baht's strength

The Thai government will work with the central bank to manage the baht currency after it rose to its strongest levels in four years, and will monitor capital inflows and gold trading for any...