Currencies

Reliance, auto stocks lead rise in India's stock benchmarks

India's equity benchmarks rose on Tuesday, led by Reliance Industries and auto makers on hopes of a demand boost from proposed goods and services tax cuts. The Nifty 50 gained 0.42% to...

Brazil challenges legitimacy of US trade probe, urges dialogue

BRASILIA/SAO PAULO -Brazil submitted its formal response to a U.S. trade investigation on Monday, rejecting the allegations while challenging the legitimacy of the probe itself. While...

Trading Day: Muted Monday, eyes on Trump summitry

ORLANDO, Florida -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Many world markets took a breather on...

Chinese firms in legal battle over Brazil food delivery

SAO PAULO -A Brazilian subsidiary of China's ride-hailing company DiDi Global sued Chinese rival Keeta on Monday in a Sao Paulo court alleging trademark infringement and unfair competition, according...

US homebuilder sentiment dips back to lowest level since late 2022

A gauge of U.S. homebuilder sentiment fell unexpectedly in August, slipping back to its lowest level in more than two-and-a-half years, with more than a third of residential construction firms...

Barter is back in Russia as one Chinese company seeks to navigate settlement issues

MOSCOW -In Russia, barter is back for the first time since the chaos of the 1990s as settlement problems resulting from the conflict in Ukraine have forced at least one Chinese company to seek steel...

What US stagflation risks mean for world markets

LONDON -The spectre of U.S. stagflation is stalking global markets, causing some investors to position portfolios to dodge the potential damage that tariffs could wreak on growth and inflation in the...

Britain cancels extra border checks for animals ahead of UK-EU deal

LONDON -Britain is suspending the previously planned introduction of extra border checks on live animal imports from the European Union to ease trade ahead of the implementation of a deal agreed in...

Norway wealth fund excludes six Israeli companies linked to West Bank, Gaza

OSLO/COPENHAGEN -Norway's sovereign wealth fund, the world's largest, will exclude another six Israeli companies with connections to the West Bank and Gaza from its portfolio following an ethics...

Sterling treads water as markets await Ukraine talks, UK CPI

Sterling treaded water against the dollar on Monday as investors focused on a pending meeting between U.S. President Donald Trump and leaders from Ukraine and Europe as well as UK consumer inflation...

South African rand slips with local inflation data the week's main focus

JOHANNESBURG -The South African rand edged lower on Monday, with the main focus this week on domestic inflation numbers, while investors also eyed geopolitical developments which could influence the...

India rupee to wrestle with US-India trade fog; fiscal strain concerns to weigh on bonds

MUMBAI, August 18 -The Indian rupee will grapple with U.S.-India trade frictions this week, with the cancellation of Washington's planned talks in New Delhi hurting hopes of tariff relief, while the...

Fed's Daly: Two rate cuts, more or less, appropriate this year

San Francisco Federal Reserve Bank President Mary Daly, in an interview following economic reports showing stronger-than-expected retail sales and an unexpected jump in wholesale prices last month,...

Fed's Goolsbee: want more assurance on inflation to cut in Sept or autumn

Chicago Federal Reserve Bank President Austan Goolsbee on Friday left the door open to supporting an interest-rate cut in September should fresh data prove reassuring, but said recent reports showing...

US Fed to cut rates in September and once more this year, say most economists

BENGALURU -A Federal Reserve interest rate cut in September, the first this year, followed perhaps by another before year-end remains the base forecast for most economists polled by Reuters amid...

Sterling climbs versus dollar, on track for weekly rise

Sterling rose against a weakening dollar on Friday and was set to end the week higher after upbeat economic data and a hawkish rate cut by the Bank of England. Sterling, which has...

DAX Rises Toward Record High as Alaska Summit Draws Focus

The DAX continued its record-setting rally on Friday. The German benchmark index climbed 0.7 percent in early trading to reach 24,536 points. Earlier in July, it set its all-time high at 24,639.10...

Fed Chair Powell to speak Aug 22 amid speculation on rate cuts, replacement

Federal Reserve Chair Jerome Powell will give a speech on the economic outlook and the Fed's review of its policy framework next Friday at the Kansas City Fed's annual central banking conference in...

Hot wholesale prices data puts wrinkle in Fed's rate-cut roadmap

A jump in wholesale prices is likely to bolster concerns among Federal Reserve policymakers that rising inflation remains a risk, intensifying debate over the rationale for an interest rate cut next...