Fed to release 2025 bank stress test results on June 27

Fed to release 2025 bank stress test results on June 27

WASHINGTON -The Federal Reserve announced on Friday that it would publish the 2025 results of its annual big bank stress tests on June 27. The U.S. central bank conducts the test each...
June 14, 2025 at 03:10 am
Major brokerages retain Fed rate cut expectations ahead of policy meeting

Major brokerages retain Fed rate cut expectations ahead of policy meeting

Most Wall Street brokerages kept their forecasts for rate cuts by the U.S. Federal Reserve unchanged after key economic readings, while investors shifted focus to next week's monetary policy...
June 13, 2025 at 08:40 pm
The dollar's crown is slipping, and fast

The dollar's crown is slipping, and fast

LONDON -The dollar has sunk to its lowest in three years as rapidly changing U.S. trade policy unsettles markets and expectations build for Federal Reserve rate cuts, fuelling outflows from the...
June 13, 2025 at 02:24 pm
India central bank steps in to contain fallout of oil price jump on rupee, traders say

India central bank steps in to contain fallout of oil price jump on rupee, traders say

The Reserve Bank of India is believed to have sold dollars to support the rupee after a surge in oil prices, triggered by Israeli strikes on Iran, put pressure on the currency, three traders told...
June 13, 2025 at 01:37 pm
South African rand slips after local mining data disappoints

South African rand slips after local mining data disappoints

JOHANNESBURG -The South African rand slipped on Thursday, after the release of weaker-than-expected local mining output figures. At 1544 GMT the rand traded at 17.7850 against the...
June 13, 2025 at 12:01 am
Fed seen on track to resume rate cuts after inflation, job market data

Fed seen on track to resume rate cuts after inflation, job market data

The Federal Reserve's path to interest rate cuts starting in September appeared to widen on Thursday, after a pair of government reports pointed to cooler inflation and signs of potential weakening...
June 12, 2025 at 10:19 pm
US producer prices rebound less than expected in May

US producer prices rebound less than expected in May

WASHINGTON -U.S. producer prices increased less than expected in May, restrained by lower costs for services like air fares. The producer price index for final demand rebounded 0.1%...
June 12, 2025 at 09:09 pm
Sterling drops to six-week low against euro

Sterling drops to six-week low against euro

Sterling rose against the U.S. dollar on Thursday but dropped to a six-week low against the euro, following weak economic data from the U.S. and the UK.  The euro hit its highest level...
June 12, 2025 at 07:20 pm
Top Wall Street bank pitches options play to ride potential Indian rupee rally to 83

Top Wall Street bank pitches options play to ride potential Indian rupee rally to 83

MUMBAI -Goldman Sachs' sales and trading desk is recommending an options play on the Indian rupee that will pay off if the South Asian currency rallies to 83 per U.S. dollar over the next nine...
June 12, 2025 at 04:26 pm
Interbank traders turn focus to dollar-rupee forwards as spot treads water

Interbank traders turn focus to dollar-rupee forwards as spot treads water

India's FX market traders have increased activity in the dollar-rupee forwards market as spot market price action continues to be rangebound on two-sided client flows and the lack of firm cues. ...
June 12, 2025 at 01:45 pm
US consumer prices rise moderately; tariffs expected to fan inflation

US consumer prices rise moderately; tariffs expected to fan inflation

WASHINGTON -U.S. consumer prices increased less than expected in May as cheaper gasoline partially offset higher rents, but inflation is expected to accelerate in the coming months on the back of the...
June 12, 2025 at 10:07 am
Deal to get US-China trade truce back on track is done, Trump says

Deal to get US-China trade truce back on track is done, Trump says

WASHINGTON/LONDON -President Donald Trump on Wednesday said he was very happy with a trade deal that restored a fragile truce in the U.S.-China trade war, a day after negotiators from Washington and...
June 12, 2025 at 07:46 am
South African rand unmoved as budget law passes

South African rand unmoved as budget law passes

JOHANNESBURG -The South African rand was little changed on Wednesday after the parliament passed budget legislation that sets the overall limits for government spending and lays out key...
June 12, 2025 at 12:29 am
Fed seen on track to start cutting rates by September

Fed seen on track to start cutting rates by September

Cooler-than-expected U.S. inflation last month deepened conviction in financial markets on Wednesday that the Federal Reserve will start cutting interest rates by September and deliver a second...
June 11, 2025 at 09:49 pm
AerCap can recover over $1 billion, UK court rules in case over jets 'lost' in Russia

AerCap can recover over $1 billion, UK court rules in case over jets 'lost' in Russia

LONDON -The world's largest aircraft lessor AerCap can recover over $1 billion in relation to jets stuck in Russia since the invasion of Ukraine, London's High Court ruled on Wednesday, though that...
June 11, 2025 at 08:17 pm
BOJ to postpone rate hike to Q1 next year, tiny majority of economists say

BOJ to postpone rate hike to Q1 next year, tiny majority of economists say

TOKYO -The Bank of Japan will forego another interest rate hike this year due to uncertainty over U.S. tariff policy, according to a slight majority of economists in a Reuters poll who expect the...
June 11, 2025 at 03:20 pm
US dollar rises as traders await China talks outcome

US dollar rises as traders await China talks outcome

NEW YORK -The dollar gained on Tuesday, helped by comments from U.S. officials that trade negotiations between Beijing and Washington were going well, although there was no clear consensus of a deal...
June 11, 2025 at 03:44 am
EU's new Russia sanctions to target energy sector and banks

EU's new Russia sanctions to target energy sector and banks

BRUSSELS -The European Commission proposed on Tuesday an 18th package of sanctions against Russia for its invasion of Ukraine, aimed at Moscow's energy revenues, its banks and its military industry. ...
June 11, 2025 at 02:28 am
Potato price surge fuels inflation pain for Russia's poorest

Potato price surge fuels inflation pain for Russia's poorest

At a farm near Moscow, newly arrived guest workers from India are planting potatoes and cabbages - work closely monitored by central bank analysts as they prepare for board meetings to set interest...
June 10, 2025 at 11:05 pm
DAX Investors Remain Cautious as Defense Stocks Come Under Pressure

DAX Investors Remain Cautious as Defense Stocks Come Under Pressure

DAX investors are treading carefully amid ongoing trade talks between the US and China in London. Germany's benchmark index slipped 0.1 percent to 24,149 points at Tuesday's opening. This week...
June 10, 2025 at 07:03 pm