Currencies

Indian travel firms report drop in Turkey bookings over Pakistan support

Indians are cancelling holidays in popular resorts in Turkey and Azerbaijan after the countries supported Pakistan during its recent conflict with New Delhi, two booking firms said.  ...

Sterling snaps seven-day streak of gains against the euro

Sterling slid against the euro on Wednesday after seven straight days of gains, while it rose against a weakened dollar as the market shed the initial optimism from a de-escalation in U.S.-China...

Fed policymakers on hold to seek clarity from the data, but the data are not cooperating

WASHINGTON -Federal Reserve policymakers are leaving interest rates where they are while they try to assess how U.S. President Donald Trump's sweeping tariffs and ongoing trade negotiations will...

DAX Struggles to Gain Momentum at Market Open

After its recent record-setting run, the DAX opened Wednesday's trading session only marginally higher. Germany's benchmark index edged up by 0.2 percent to 23,685 points. From a technical...

South African rand recoups losses, power cuts in focus

JOHANNESBURG -South Africa's rand recouped some losses on Wednesday, a day after the country's power utility implemented rolling power cuts. South Africa's Eskom said on Tuesday it...

Brazil meatpacker JBS sees slim trade war impact as Q1 earnings top forecasts

JBS, the world's largest meatpacker, reported a nearly 78% annual increase in net profit driven by its poultry and pork businesses in Brazil and the U.S., and said on Tuesday the global trade war has...

Trump calls on Fed to cut rates, saying prices of 'practically everything' are down

U.S. President Donald Trump on Tuesday repeated his call for the Federal Reserve to lower interest rates, saying prices for gas, groceries and practically everything else are down. No...

Loss of dollar's role as world's dominant currency still far off, ECB's Knot says

Some of the world's major currencies will try to compete with the dollar on the global stage and could even attract some investor flows but the dollar will stay the world's key currency for some time...

Lower food prices tame US consumer inflation in April, tariffs squeeze awaited

WASHINGTON -U.S. consumer prices rebounded moderately in April as declining food costs partially offset rising rents, leading to the smallest annual increase in four years, but the inflation outlook...

Kenya shilling gains slightly versus dollar, LSEG data shows

NAIROBI -Kenya's shilling firmed slightly against the dollar on Tuesday, data from the London Stock Exchange Group showed. At 0709 GMT, the shilling traded at 128.80/129.40, compared...

Brokerages scale back recession odds after U.S.-China trade truce

Major brokerages have scaled back their U.S. recession forecasts following a temporary tariff truce between the U.S. and China, which has fueled optimism for easing global trade tensions.Goldman Sachs...

Indian rupee, bonds poised to rally on ceasefire with Pakistan

MUMBAI -The Indian rupee and bonds are expected to soar this week after a truce was reached and held between nuclear-armed rivals India and Pakistan following the worst clashes between them in nearly...

Brazil cosmetic maker Natura's Q1 net loss narrows by 84%

Brazilian cosmetic maker Natura posted on Monday a first-quarter net loss of 150.7 million reais , 83.9% narrower than a year earlier. Core earnings, as measured by recurring earnings...

Fed survey finds general ease in first-quarter credit demand

Top U.S. bank lending officers reported weaker demand from businesses and consumers for many types of credit during the first three months of the year, according to a Federal Reserve report released...

BYD factory delayed in Brazil to be 'fully functional' by end-2026, says official

RIO DE JANEIRO -Chinese electric car maker BYD's new factory in Brazil will be fully functional by December 2026, after its operations were delayed because of an investigation into labor abuses,...

Fed officials say China-US tariff reprieve lowers risks

DUBLIN -The U.S.-China deal to lower the most aggressive import tariffs between the world's two largest economies could lessen the impact of their trade war, though the levies left in place are still...

Investors cheer US-China tariff truce, but cautious over a final deal

LONDON/SHANGHAI/NEW YORK -A truce in the U.S.-China trade war set off a relief rally in stocks on Monday and propelled the dollar higher, but investors fear further negotiations could prove a long...

DAX Nears 24,000 Points After US-China Trade Deal

The easing of trade tensions between the United States and China has propelled Germany's DAX index to a new all-time high. On Monday, the benchmark DAX surged by as much as 1.8 percent to 23,911.98...

Trade peace in our time?

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets      A confusing mix of trade policy shifts and...