Currencies

Japan's wholesale inflation slows for 4th month in July

TOKYO -Japan's annual wholesale inflation slowed for the fourth straight month in July, data showed on Wednesday, underscoring the central bank's view that upward price pressure from raw material...

Japan manufacturers' sentiment rises in August after US trade deal, but tariffs cloud outlook

TOKYO -Japanese manufacturers grew more confident about business conditions in August after a trade agreement between Tokyo and Washington, but remained cautious about the outlook due to potential...

Brazil to provide $5.6 billion to help exporters navigate US tariffs

BRASILIA -Brazil's President Luiz Inacio Lula da Silva on Tuesday said his government would provide 30 billion reais in credit as part of a plan to support companies that export goods and are...

Brazil orange juice byproducts will suffer from Trump tariffs

SAO PAULO -Brazilian exporters of orange juice byproducts will suffer a major revenue decline from a hefty 50% U.S. tariff imposed on many of the country's products in early August, industry trade...

Cheaper gasoline restrains US consumer prices; worries about data quality rise

WASHINGTON -U.S. consumer prices increased marginally in July, though rising costs for services such as airline fares and some tariff-sensitive goods like household furniture caused a measure of...

Jobs data blasted by Trump seen by Fed officials as reason to cut

WASHINGTON -The data that caused President Donald Trump to fire the head of the Bureau of Labor Statistics because he did not like the July employment report, calling it rigged, is being taken as...

Pound strengthens after British jobs data

LONDON -The pound strengthened against the euro for the fourth session in a row on Tuesday after British labour market data which analysts said would not affect the Bank of England's cautious stance...

DAX Investors Proceed with Caution

After a subdued start to the week, DAX investors continue to proceed cautiously, avoiding any bold moves. Germany's benchmark index rose by 0.3 percent to 24,156 points at the opening on Tuesday....

US consumer prices likely increased marginally in July; data quality concerns rising

WASHINGTON -U.S. consumer prices likely increased moderately in July, though rising costs for goods like household furniture and apparel because of import tariffs probably resulted in a measure of...

Indian rupee ends flat as market awaits key inflation data in US and India

The Indian rupee was largely unchanged on Tuesday with traders in wait and watch mode awaiting the release of key inflation data in the U.S. and India later in the day, which could provide clues on...

Fed vice chairs, Dallas Fed president being considered for next chair, Bloomberg reports

WASHINGTON -Both Federal Reserve vice chairs, Michelle Bowman and Philip Jefferson, as well as Dallas Fed President Lorie Logan are under consideration to serve as the next chair of the U.S. central...

Brazil-US meeting canceled amid tariff dispute, says finance minister

SAO PAULO -Brazil Finance Minister Fernando Haddad said on Monday that his virtual meeting with U.S. Treasury Secretary Scott Bessent had been canceled after initially being scheduled for Wednesday. ...

Inflation data to draw scrutiny after BLS firing, $2.1-trillion TIPS market at risk

NEW YORK -Monthly U.S. inflation data is under increased scrutiny after President Donald Trump removed the head of the U.S. Bureau of Labor Statistics, a move that could undermine confidence in the...

DAX Gains Momentum as Defense Stocks Come Under Pressure

Speculation about a possible easing of the Ukraine conflict is giving the DAX a boost. The German benchmark index rose by 0.2 percent to 24,210 points at Monday's opening. For the DAX to reach a new...

Argentines grill up more beef in first half of 2025 as wages soar

Argentines are once again chowing down on beef, as an economic turnaround has allowed them to fork over more for steaks, a report from the Rosario exchange said on Friday.  The...

Bessent leads broad search for Fed chair that includes Bullard, Sumerlin

WASHINGTON -U.S. Treasury Secretary Scott Bessent is leading a search for a successor to Federal Reserve Chair Jerome Powell, with an expanded list that includes a longtime economic consultant and a...

Fed officials tilt dovish as US job market softens

Since the Federal Reserve's decision last month to hold interest rates steady, a shift appears underway at the U.S. central bank, with several Fed officials sounding increasingly uneasy about the...

Fed's Musalem: There are risks now to both the inflation and jobs goals

WASHINGTON -The Federal Reserve now faces risks to both its inflation and jobs goals, with policymakers needing to balance which seems the more serious threat in deciding whether it is appropriate to...

J.P.Morgan brings forward Fed rate cut forecast to September

J.P.Morgan now expects the U.S. Federal Reserve to cut interest rates by 25 basis points at its September meeting, citing signs of weakness in the labor market and uncertainty around President Donald...