Currencies

Canadian home sales regain positive momentum in October

TORONTO -Canadian home sales rose 0.9% in October from September as lower borrowing costs helped offset uncertain prospects for Canada's economy, data from the Canadian Real Estate Association showed...

Euro zone to grow faster than expected, but defence spending boosts debt, EU Commission says

BRUSSELS -The euro zone economy is likely to expand faster than expected this year and grow at or above potential in 2026 and 2027, but debt and deficit will be on the rise too because of defence...

Japan government panel member Kataoka calls for $149 billion stimulus package

TOKYO -Japan must compile a stimulus package of around $149 billion to support an economy hobbled by U.S. tariffs and weak consumption, Goushi Kataoka, a private-sector member of a key government...

BOJ governor warned panel of prolonged loose policy risks, minutes show

TOKYO -Bank of Japan Governor Kazuo Ueda told the nation's top economic panel last week that keeping monetary policy too loose for too long could pose risks to achieving the BOJ's inflation target...

Fed's Schmid: inflation is too hot, policy is where it should be

Kansas City Federal Reserve President Jeffrey Schmid on Friday said his concerns about too hot inflation go well beyond the narrow effects of tariffs alone, in fresh remarks that signaled he could...

Etihad Airways nine-month profit up 26% as passenger revenue jumps

ABU DHABI -Etihad Airways reported a nine-month profit of 1.7 billion dirhams on Friday, up 26% year-on-year, driven by higher revenue in both its passenger and cargo businesses. ...

US weekly jobless claims edge down, Haver Analytics estimates

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

Price of buying new car in Russia hits a record high, analytical agency says

MOSCOW -The average price of buying a new car in Russia hit a record high in October, rising to 3.43 million roubles , Russian analytical agency Autostat said on Thursday, saying consumers were...

Indian mutual funds pivot to ultra-short debt as rate outlook clouds bets

MUMBAI -India's mutual funds will stick with ultra-short-term bonds as an uncertain interest rate outlook and global trade concerns curb appetite for long-tenor securities, fund managers said. ...

With markets underpricing risk, Europe must not ease bank regulation, ECB argues

FRANKFURT -Financial markets are underpricing geopolitical risks and nearly all euro zone banks are exposed to some extent, so weakening regulation now could jeopardize the sector's viability in the...

Japan's wholesale prices rise more than expected on sticky food inflation

TOKYO -Japan's wholesale prices rose more than expected in October as the cost of rice and other food remained stubbornly high, data showed on Thursday, keeping pressure on the central bank to resume...

Bank of Japan aims for wage-driven inflation, aligns with government view

TOKYO -Bank of Japan Governor Kazuo Ueda said the central bank is aiming for moderate inflation accompanied by wage rises and economic improvement, signalling that its goal aligns with Prime Minister...

Fed's Collins says 'likely appropriate' to keep policy rate on hold

Boston Federal Reserve President Susan Collins, who voted for the Fed's policy-rate reduction last month, said on Wednesday she sees a relatively high bar for additional easing in the near term,...

US Supreme Court to hear Trump's bid to fire Fed's Lisa Cook on January 21

The U.S. Supreme Court announced on Wednesday that it will hear arguments on January 21 in President Donald Trump's attempt to remove Federal Reserve Governor Lisa Cook, a move without precedent that...

Bostic announces retirement amid Trump push for more influence over Fed

WASHINGTON -Atlanta Federal Reserve President Raphael Bostic, the first Black and openly gay person to lead one of the U.S. central bank's 12 regional banks, said on Wednesday he will retire at the...

Fed's Waller: streamlined payment accounts to be operational by 4Q 2026

The U.S. Federal Reserve aims to get a new set of streamlined payment accounts that would allow risk-tailored access to Fed payment services operational by the fourth quarter of next year, Fed...

Fed may soon start buying bonds to manage market liquidity, Williams says

NEW YORK -New York Federal Reserve President John Williams reiterated on Wednesday the time is getting closer when the U.S. central bank will have to restart bond purchases as part of a technical...

German exports get welcome boost from Eastern Europe, says business group

BERLIN -Germany's export business, struggling under high U.S. tariffs and a slump in China, got a welcome shot in the arm from trade with Eastern Europe in the first nine months of this year,...

New reflationist members at Japan's top economic panel push for big stimulus

TOKYO -Two newly appointed members of the Japanese government's top economic panel called on Wednesday for an economic stimulus package larger than last year's, highlighting a stronger reflationist...