Currencies

US producer inflation heats up as goods, services prices soar

WASHINGTON -U.S. producer prices increased by the most in three years in July amid a surge in the costs of goods and services, suggesting a broad pickup in inflation was imminent, posing a dilemma...

Norway central bank keeps rate on hold, eyes cut this year

Norway's central bank kept its policy interest rate on hold at 4.25% on Thursday, as unanimously predicted by analysts in a Reuters poll, and reiterated plans to cut borrowing costs later this year. ...

Exclusive-China's Zhenhua Oil doubles crude offtake from UAE in new deal, sources say

SINGAPORE -China's Zhenhua Oil is set to double its oil offtake from Abu Dhabi National Oil Co to 200,000 barrels per day after taking on a new role leading development of one of the exporter's top...

Are Indian rupee traders jittery about Trump-Putin meet? Options suggest not really

MUMBAI -Indian rupee options markets suggest traders aren't too anxious about Friday's meeting between the presidents of the U.S. and Russia, with near-term implied volatility at its lowest this...

DAX Stagnates as RWE and HelloFresh Plunge

Amid a flood of corporate earnings reports, investors on the German stock market hit the brakes on Thursday. The DAX edged up just 0.1 percent to 24,221 points in morning trading. On Wednesday, hopes...

India's FX reserves to rise for latest week despite RBI support, swap maturity, economists say

MUMBAI -India's foreign exchange reserves are expected to have risen in the week through August 8, according to economists calculations based on the Reserve Bank of India's weekly reserve money...

Rupee slips; S&P upgrade lends a lifeline ahead of Trump-Putin meet

The Indian rupee declined on Thursday with traders treading lightly ahead of the Trump-Putin summit, although S&P's upgrade offered a silver lining. The rupee closed at 87.5500 against...

Goldman Sachs sees Fed cutting rates thrice in 2025, twice more in 2026

NEW YORK -Goldman Sachs said on Wednesday in a research note it expects the U.S. Federal Reserve to deliver three 25-basis-point interest rate cuts this year and two more in 2026. This...

Trading Day: Is the only Fed doubt now a 25 or 50 bps cut?

ORLANDO, Florida -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Stocks rose around the world on...

Fed grappling with impact of tariffs as it ponders rate decisions, Goolsbee says

Chicago Federal Reserve President Austan Goolsbee said on Wednesday the U.S. central bank is grappling with understanding whether tariffs will push up inflation just temporarily or more persistently,...

Bank of Canada divided on impact of monetary policy given tariffs, say minutes

Ahead of the Bank of Canada's July 30 interest rate decision, governors were divided on how much monetary policy could aid growth under current economic conditions, minutes of the meeting showed on...

Russia's GDP growth slows to 1.1% in Q2, says Rosstat

Russia's gross domestic product grew by 1.1% in the second quarter of 2025 compared with 4.0% growth in the same period last year, federal statistics service Rosstat said on Wednesday, another sign...

Brazil unveils aid package for exporters hit by US tariffs

BRASILIA -Brazil's government unveiled on Wednesday a long-awaited aid package for companies hurt by steep U.S. tariffs, centered on credit lines for exporters and government purchases of products...

Fed cut seen near certain after inflation data, Bessent comments

WASHINGTON -The likelihood of a Federal Reserve rate cut in September is now seen near 100% after new data showed U.S. inflation increased at a moderate pace in July and Treasury Secretary Scott...

Sterling edges up to highest level since July on rate outlook

LONDON -The pound rose to three-week highs against the dollar on Wednesday, as investors grew increasingly convinced that U.S. interest rates are likely to fall more quickly than British ones,...

US 30-year mortgage rate dropped last week, refi applications surged

The interest rate for the most popular U.S. home loan dropped to 6.67% last week, the lowest rate since early April, triggering a rush of homeowners seeking to lock in cheaper financing on existing...

China July bank loans unexpectedly contract for first time in 20 years

BEIJING -China's new yuan loans contracted in July for the first time in 20 years as the economy struggled, falling well short of analysts' forecasts, but improvements in broader credit growth...

BOJ faces pressure to ditch obscure inflation gauge, clear path to tighter policy

TOKYO -Pressure is mounting within the Bank of Japan to ditch a vaguely defined gauge of inflation as worries about second-round price effects prompt some board members to call for a more hawkish...

Dubai developers bring construction in-house as demand surges

DUBAI -In a city famed for transforming desert into skyline, developers are taking the building process into their own hands as they seek to turbo-charge a property boom and maximise cash flow. ...