Currencies

Von der Leyen to outline EU priorities after US trade deal backlash

STRASBOURG -The European Union's chief executive, Ursula von der Leyen, sets out her priorities for the year ahead on Wednesday after a bruising summer dominated by a much-criticised trade deal with...

US payrolls benchmark revision estimate suggests labor market weaker than previously thought

The U.S. economy likely created 911,000 fewer jobs in the 12 months through March than previously estimated, the government said on Tuesday, suggesting that job growth was already stalling before...

EU finalizes $176 billion defence loans, with Poland taking largest share

BRUSSELS -The European Union's 150 billion euros in cheap loans for defence projects have been fully taken up by a total of 19 EU countries, with Poland securing the biggest part of the loans, the...

US employment growth through March revised sharply lower

WASHINGTON -The U.S. economy likely created 911,000 fewer jobs in the 12 months through March than previously estimated, the government said on Tuesday, suggesting that job growth was already...

India consumer inflation likely rose in August as base effects fade

The fading impact of high base effects likely pushed India's consumer inflation higher in August, ending a nine-month streak of declines, according to a Reuters poll of economists. Base...

Stocks upbeat as prospect of Fed easing outweighs political uncertainty

Asia stocks rose on Tuesday, buoyed by expectations of a U.S. rate cut as early as next week, even as political upheavals around the world kept currency and bond investors on edge. ...

Political turmoil comes thick and fast

A look at the day ahead in European and global markets from Rae Wee The political noise just keeps coming. Over the span of a few days, British Deputy Prime Minister Angela...

US job growth through March expected to be revised down sharply

WASHINGTON -The level of U.S. employment for the 12 months through March could be slashed by as many as one million jobs when the government publishes its preliminary nonfarm payrolls benchmark...

Indian rupee faces choppy path, bond yields likely to decline; inflation data key

Growing certainty of a U.S. Federal Reserve rate cut later this month could likely help ease Indian government bond yields and provide modest relief to the rupee, which has otherwise been pressured by...

US dollar falters on rate outlook, yen retreats amid Japan uncertainty

The dollar extended its decline on Monday in the wake of Friday's weak U.S. jobs report, which all but cemented an interest rate cut this month, even as the yen fell after Japanese Prime Minister...

Instant View:French government loses no-confidence vote in parliament

French Prime Minister Francois Bayrou lost a confidence vote on Monday, plunging the euro zone's second largest economy deeper into political crisis. The euro showed little initial...

Tankmaker KNDS to decide on IPO within months, Germany could take stake, CEO says

AMSTERDAM -Franco-German defence supplier KNDS will decide in the coming months whether to launch an initial public offering next year, CEO Jean-Paul Alary said on Monday, and suggested the German...

US dollar drops on rate cut outlook; yen down amid political uncertainty in Japan

The U.S. dollar fell on Monday, extending losses after Friday's weak U.S. jobs report that reinforced expectations of a Federal Reserve rate cut this month, while the yen fell broadly after Japanese...

Ukraine imports Indian-origin diesel fuel after loss of key refinery, analyst says

KYIV -The loss of Ukrainian oil refineries this summer has forced traders to compensate with imports, purchasing diesel fuel even from India, which imports a significant portion of its crude oil...

Yen dented by Japan PM's resignation announcement; dollar wobbles

The yen fell on Monday after Japanese Prime Minister Shigeru Ishiba said he would resign, while the dollar remained on shaky ground after Friday's weak U.S. jobs report, which cemented expectations of...

StanChart expects Fed to cut rates by 50 bps next week after weak jobs data

Standard Chartered expects the U.S. Federal Reserve to cut interest rates by 50 basis points at its policy meeting this month, double its earlier projection of a 25-bp reduction, following a soft...

India's chief economic adviser says Trump's tariffs could shave 0.5% off GDP, Bloomberg News reports

U.S. President Donald Trump's 50% tariffs on India could reduce the country's gross domestic product by half a percent this year, the nation's Chief Economic Adviser V. Anantha Nageswaran said in a...

Yen slides after Japan PM Ishiba resigns, dollar wobbles

The yen fell sharply on Monday following the resignation of Japanese Prime Minister Shigeru Ishiba, while the dollar remained on shaky footing after Friday's weak U.S. jobs report cemented...

Fed rate cut optimism lifts sentiment, yen slips on political uncertainty

Stocks rose and the dollar wobbled on Monday after dismal U.S. labour data sealed the case for an interest rate cut this month, while the yen fell as investors girded for uncertainty in Japan...