Currencies

US weekly jobless claims increase moderately, Haver Analytics estimates

WASHINGTON -The number of Americans filing new applications for unemployment benefits increased marginally last week, Haver Analytics estimated on Thursday, pointing to stable labor market conditions...

Fed right to cut rates to support job market, Musalem says

NEW YORK -Federal Reserve Bank of St. Louis President Alberto Musalem said on Thursday the U.S. central bank has been right to cut interest rates to help the job market. The cuts have...

Japan September household spending rises 1.8% year/year

TOKYO -Japanese household spending in September rose 1.8% from a year earlier, government data showed on Friday, slightly worse thanthe median market forecast for a 2.5% rise. On a...

Norway to invest about $3 billion in forest conservation fund

BELEM, Brazil -Norway will contribute about $3 billion to the Tropical Forests Forever Facility, a multilateral fund proposed to support global conservation of endangered forests, the government said...

Norway to invest $3 billion in the TFFF forest conservation fund

BELEM, Brazil -Norway will contribute about $3 billion to the Tropical Forests Forever Facility , a multilateral fund proposed by Brazil to support global conservation of endangered forests, sources...

Fed's Miran says he expects rate cut in December

Federal Reserve Governor Stephen Miran says he expects the U.S. central bank to cut interest rates in December, despite the number of non-voting policymakers who may not want to. I...

Fed's Hammack is nervous about Fed policy given high inflation

NEW YORK -Federal Reserve Bank of Cleveland President Beth Hammack said Thursday she's concerned monetary policy may not be in the right place to deal with current inflation. I think...

Fed's independence has global importance, Williams says

The independence of the Federal Reserve is incredibly important not just for the U.S. economy but also for the global economy because it is what allows the U.S. central bank to control inflation...

Bank of Canada says it will be reducing its workforce by 230 jobs

OTTAWA -Bank of Canada's Senior Deputy Governor said on Thursday that the central bank will be reducing its workforce by around 230 people as part of a drive to reduce expenses.  We...

Fed's Hammack leans against more rate cuts because of high inflation

NEW YORK -Cleveland Federal Reserve President Beth Hammack said on Thursday ongoing high levels of inflation argue against the U.S. central bank cutting interest rates again. I remain...

China's vice premier urges end to trade barriers holding back green transition

BELEM, Brazil -China's Vice Premier Ding Xuexiang on Thursday called for an end to trade barriers that are holding back the global energy transition, as he urged true multilateralism from fellow...

ECB comfortable with rates; sees only temporary inflation undershoot, VP says

FRANKFURT -The European Central Bank is comfortable with the current level of interest rates and considers any inflation dip below 2% to be temporary, Luis de Guindos, the bank's Vice President said...

Fed's Miran continues to press for rate cuts in Yahoo Finance interview

Federal Reserve Governor Stephen Miran reiterated on Wednesday that he believes the current level of short-term rates is too restrictive and is creating risks for the U.S. economy. I...

US service sector activity accelerates in October; employment still subdued

WASHINGTON -U.S. services sector activity picked up in October amid a solid increase in new orders, but subdued employment pointed to lackluster labor market conditions against the backdrop of...

European Markets Under Pressure as BMW Boosts Auto Stocks

The sell-off in technology shares on Wall Street is making investors on European stock markets nervous. Profit-taking pushed the DAX and EuroStoxx50 down by around one percent midweek, to as low as...

Toronto home sales fall to four-month low in October

TORONTO -Greater Toronto Area home sales fell to a four-month low in October as an uncertain economic outlook discouraged buyers, Toronto Regional Real Estate Board data showed on Wednesday. ...

Bank of Japan debated growing case for rate hike, September minutes show

TOKYO -A growing number of policymakers at the Bank of Japan believed that conditions were falling into place for interest rates to rise, with two members advocating an immediate increase, minutes of...

Brazil's industrial production resumes downward trend in September

Brazil's industrial production fell in September, data from statistics agency IBGE showed on Tuesday, matching market expectations and losing momentum amid high borrowing costs. ...

India central bank's rupee defense saps liquidity, fuels bond buy bets

MUMBAI -The Reserve Bank of India's aggressive dollar sales to defend the rupee are draining liquidity from the banking system, prompting calls for bond purchases to ease the strain, ten traders and...