Currencies

Tariff worries, Trump's BRICS swipe spark worst rupee fall in three weeks

The Indian rupee slumped on Monday as uncertainty about U.S. tariff policies resurfaced with President Donald Trump's threat of a fresh 10% levy on BRICS countries compounding pressure on the local...

From Karachi to Gaza: Pakistani startup ships prosthetics to child war survivors

KARACHI -As soon as eight-year-old Sidra Al Bordeeni returned from the clinic with her prosthetic arm, she jumped on a bicycle in the Jordanian refugee camp where she lives, riding for the first time...

Japan's May real wages fall the most in nearly two years

TOKYO -Japanese real wages in May fell at the fastest pace in nearly two years as persistent inflation continued to outpace wage growth and hinder consumption-led growth in the world's fourth-largest...

Germany's Merz spoke with Trump about buying Patriots for Ukraine

German Chancellor Friedrich Merz discussed his country's offer to buy Patriot air defence systems for Ukraine with U.S. President Donald Trump by phone on Thursday, according to a government...

Tariff Jitters Weigh on DAX Investors as Negotiation Deadline Looms

As the deadline for tariff negotiations with the United States approaches, DAX investors got cold feet at the end of the week. The German benchmark index fell by as much as one percent to 23,702...

Toronto home sales rise to five-month high in June

TORONTO -Greater Toronto Area home sales rose for a third straight month in June and prices extended their recent decline, Toronto Regional Real Estate Board data showed on Friday. ...

India plans $230 million drone incentive after Pakistan conflict, sources say

NEW DELHI -India will launch a $234 million incentive programme for civil and military drone makers to reduce their reliance on imported components and counter rival Pakistan's programme built on...

India's $700 billion plus FX reserve pile, leaner forward book bolster rupee shield

MUMBAI -India's foreign exchange reserves topped $700 billion last week to hit a 9-month high, which, alongside the central bank's shrinking forward book, cements the rupee's defences at a time when...

Stocks, dollar dip as Trump passes spending bill, trade deal deadline nears

LONDON -Stocks slipped on Friday as U.S. President Donald Trump got his signature tax cut bill over the line and attention turned to his July 9 deadline for countries to secure trade deals with the...

Trump administration will focus on Fed chair replacement in fall, Bessent says

WASHINGTON -The Trump administration will focus on finding a replacement for Federal Reserve Chairman Jerome Powell this fall, U.S. Treasury Secretary Scott Bessent told CNBC on Thursday, adding that...

At Sintra getaway, central bankers mull threats to their domain

SINTRA, Portugal -At their annual gathering in the hills of Portugal's Sintra, central bankers this week confronted rising challenges to their control of the global money system, from political...

Instant view: US job growth beats expectations in June

NEW YORK -U.S. job growth in June rose above expectations, while the unemployment rate fell, suggesting the labor market is stable. Nonfarm payrolls increased by 147,000 jobs in June,...

TSX posts record closing high as investors cheer U.S. jobs data

Canada's main stock index rose to a record closing high on Thursday, led by gains for financial and technology shares, as stronger-than-forecast U.S. employment data added to the high spirits of...

Sterling steadies after selloff, fiscal worries prevail

Sterling edged higher on Thursday, stabilising after fiscal concerns and uncertainty about Rachel Reeves' future as Britain's finance minister sparked a selloff across UK assets in the previous...

DAX Pauses Ahead of US Jobs Data as Investors Await Fed Signals

The uncertain interest rate trajectory of the US Federal Reserve put the brakes on the DAX on Thursday. Germany's blue-chip index managed to hold just above water at 23,824 points, while the...

South African rand gains on investor optimism over US trade negotiations

JOHANNESBURG -The South African rand gained on Thursday on optimism among global investors about trade negotiations with the U.S. after the country signed a trade deal with Vietnam, fuelling hopes of...

Russian services sector contracts for first time in a year in June

Russia's services sector slumped into a contraction in June for the first time in a year, as slower growth in new orders led companies to cut output, a business survey showed on Thursday. ...

Investors mobilise for weeks of market whiplash from wild-card events

LONDON -Big investors are mobilising to trade through weeks packed with wild-card events that may shatter the calm in stock markets and drive big swings for assets they see as exposed to both...

Dollar gains after strong US jobs data stretches market hopes of Fed cut

NEW YORK -The U.S. dollar rose against major currencies, including the yen, euro and Swiss franc on Thursday, after data showing the U.S. economy created more jobs than expected, signalling that the...