Currencies

Canadian dollar weakens as equities, oil prices slide

The Canadian dollar weakened against its U.S. counterpart on Thursday as equity and commodity markets fell, while a U.S. lawmaker vote against tariffs on Canadian goods had little impact. ...

US labor market stabilizing; housing sector still subdued

The number of Americans filing new applications for unemployment benefits decreased less than expected last week, but the decline was consistent with economists' view that the labor market was...

Russia's economy minister delays recovery outlook, Interfax reports 

Russia's economy will continue to slow in the first half of the year, with a recovery possible only by late 2026 and more likely in 2027, Economy Minister Maxim Reshetnikov was quoted as saying on...

Mercedes-Benz Expects Further Decline in Sales in China

The automaker Mercedes-Benz is unable to halt the downward trend in passenger car sales in China this year. According to CFO Harald Wilhelm, sales figures continue to fall, even though there could be...

Chinese tourists head to Russia, Thailand on extended Lunar New Year break

More Chinese tourists are expected to travel overseas during next week's extra-long Lunar New Year break, with top destinations ranging from Russia and Australia to Thailand and South Korea, travel...

Japan's wholesale inflation slows, weak yen pressures import costs

Japan's annual wholesale inflation slowed for a second consecutive month in January but yen-based import costs rose, highlighting the impact of a weak yen on prices and monetary policy. ...

Why Japan's emboldened PM won't toy with risks of a weak yen

Japanese Prime Minister Sanae Takaichi's landslide election win has given fresh impetus to her economic stimulus agenda but the risk of destabilising yen declines remains one firm check on her push...

US Fed to review previously flagged bank shortcomings, memo says

The Federal Reserve plans to review issues its examiners had previously flagged for banks to address, as the U.S. central bank overhauls its oversight of the nation's financial institutions, according...

Lagarde lays out key reforms needed to boost EU resilience, source says

European Central Bank President Christine Lagarde called on EU leaders on Wednesday to take urgent action in critical areas, including potentially divisive joint debt issuance, to make the bloc more...

Fed's Schmid says too soon to expect productivity to fix still-elevated inflation

The U.S. central bank needs to keep tight monetary policy in place for now amid continued strong economic growth, Kansas City Federal Reserve President Jeffrey Schmid said on Wednesday, cautioning...

Fed's interest rate pause bolstered by jobs data, but concerns linger

Federal Reserve policymakers look likely to keep interest rates on hold for longer after data on Wednesday showed the U.S. job market began 2026 on better footing than expected, but revisions showing...

US job growth surges in January, but labor market far from turning around

U.S. job growth unexpectedly accelerated in January and the unemployment rate fell to 4.3%, signs of labor market stability that could give the Federal Reserve room to keep interest rates unchanged...

UK's Reeves says deeper ties with EU is the 'biggest prize'

British finance minister Rachel Reeves said on Wednesday that she would push for closer integration with the EU to reduce the trade barriers put up by Brexit, adding that European countries should...

Fed to hold rates through May, but Warsh may be too loose with policy, economists say

The Federal Reserve will hold its key benchmark rate steady for the rest of Fed chair Jerome Powell's tenure through May but cut immediately afterward in June, according to a Reuters poll of...

Dax Falters Ahead of US Jobs Data - Gerresheimer Shares Plunge

Ahead of key US labor market data, investors have pulled back from the German stock market. The Dax was down 0.4 percent on Wednesday morning, standing at 24,900 points. Investors are...

US job growth likely picked up in January; unemployment rate forecast steady at 4.4%

U.S. job growth likely picked up in January, supported by fewer layoffs in some seasonal industries, but the labor market remained sluggish as lingering uncertainty over import tariffs tempered hiring...

Rupee pinched by foreign banks' dollar bids; softer dollar cushions

The Indian rupee slipped in late trading on Wednesday as dollar bids from foreign banks picked up, sparking modest pressure in a session that otherwise saw the rupee trade on a quiet note. ...

Yen perky as Japan fiscal fears dissipate, dollar shaky ahead of payrolls

The yen held on to solid gains on Wednesday, bolstered by a rally in Japan's stock market and bets that Prime Minister Sanae Takaichi's landslide election victory puts her in a strong position to...

Fed's Logan: 'cautiously optimistic' that current rate-setting will do the job

Dallas Federal Reserve President Lorie Logan said on Tuesday she's cautiously optimistic that the Fed's current policy rate setting will get inflation headed to its 2% goal while keeping the job...