Currencies

India cenbank sold net $7.7 billion in August to arrest rupee's fall, bulletin shows

The Reserve Bank of India sold a net of $7.7 billion in the spot foreign exchange market in August, data released on Monday showed, as the central bank looked to support the Indian rupee that fell...

Bank of Canada says firms' outlooks remain subdued amid trade tensions

Canadian firms feel conditions are slightly better than earlier in the year but they are unlikely to boost investments or hiring given the dampening effect of U.S. tariffs, a Bank of Canada survey...

Fed still poised to cut rates, but worries mount over US data vacuum

WASHINGTON -The Federal Reserve will go into a policy meeting next week with its view of the economy obscured by a U.S. government shutdown that has suspended the release of key data, a...

Trump vows to keep 'massive' tariffs on India until Russian oil imports cease

ABOARD AIR FORCE ONE -U.S. President Donald Trump reiterated on Sunday that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would...

EU seeks maritime declaration to inspect Russia's 'shadow fleet'

BRUSSELS -The European Union's diplomatic arm, the EEAS, is urging member states to back a maritime declaration that would allow EU nations working with flag states to arrange inspections on Russia's...

Bank of Canada to focus more on risks, will try to be forward-looking, head says

OTTAWA -The Bank of Canada will be putting more emphasis on potential risks when it decides what to do about interest rates later this month even as it tries to be more forward-looking, Governor...

Fed's Musalem leans toward supporting October interest rate cut

Federal Reserve Bank of St. Louis President Alberto Musalem suggested Friday he will support a central bank interest rate cut at the end of the month, while warning it's important for the Fed not to...

Truist's third-quarter profit rises on robust wealth management and interest income

Truist Financial reported a rise in third-quarter profit on Friday, driven by a strong wealth management segment and increased interest income, sending its shares up 2% in premarket trading. ...

Pound struggles as investors flock to safe havens

LONDON -Sterling fell on Friday, as investors rushed to safe-haven currencies like the Swiss franc and Japanese yen in light of growing anxiety over the outlook for the U.S. economy, regional banks...

China expected to keep benchmark lending rates steady despite renewed Sino-US tensions

SHANGHAI -China is expected to keep benchmark lending rates steady for the fifth consecutive month in October on Monday, a Reuters survey showed, as policymakers remain cautious despite a recent...

US weekly jobless claims decline, JPMorgan and Goldman Sachs estimate

WASHINGTON -The number of Americans filing new applications for jobless benefits fell last week, economists at JPMorgan and Goldman Sachs estimated on Thursday, but lackluster hiring has left many on...

Bank of Japan chief signals need for more data in deciding October move

WASHINGTON -Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will scrutinise various data, including information he collects during his stay in Washington, in deciding whether to...

Fed's Waller on board for an October rate cut, as Miran again presses for aggressive easing

NEW YORK -Federal Reserve Governor Christopher Waller said on Thursday he favors another interest rate cut at the U.S. central bank's policy meeting later this month because of worrisome labor market...

Brazil eyes financial guarantees, tax breaks for strategic minerals

BRASILIA -Brazil's government is looking to offer financial guarantees to fund strategic mineral projects and tax incentives for their processing and industrialization, it said after the first...

Fed's Miran says he is not focused on asset price boom in push for lower rates

WASHINGTON -Federal Reserve Governor Stephen Miran on Thursday said he was not concerned that easing monetary policy risks further inflating historically -- and in some cases record-high -- asset...

UK's bid to woo China faces backlash over spying claims and slim economic gains

LONDON -British Prime Minister Keir Starmer's attempts to improve ties with China leave him open to criticism at home that he is overlooking the threat to national security, while securing few of the...

Options tilt most in favour of Indian rupee in over a decade after heavy RBI intervention

MUMBAI -The Indian central bank's aggressive foreign exchange market intervention on Wednesday has sparked a positive shift in sentiment on the rupee in the options market, with a key volatility skew...

South African rand steady amid safe-haven rush on US-China strains

JOHANNESBURG -The South African rand was steady in early trade on Thursday as safe havens like gold - which renewed a record high - became appealing amid trade frictions between Beijing and...

India central bank deployed $5 billion life jacket to aid struggling rupee, bankers estimate

MUMBAI, October 16 -The Reserve Bank of India is estimated to have sold $3 billion to $5 billion in spot and non-deliverable forward markets to support the rupee on Wednesday, traders said, marking...