Currencies

Fed's Hammack warns more rate cuts court financial stability risks

Federal Reserve Bank of Cleveland President Beth Hammack warned Thursday that cutting rates further right now carries a wide range of risks for the economy. Given the persistence of...

Lawmakers say Russia should target Belgium, Euroclear and 'unfriendly' investors if EU seizes its assets

MOSCOW -Russia's parliament said on Thursday that any seizure of Russian assets by the European Union must be met by legal action against Belgium and securities house Euroclear, and Moscow could also...

ECB's Makhlouf says material outlook change is needed for rate cut

FRANKFURT -The euro zone economy is developing as expected and a compelling shift away from this path would be needed to support another European Central Bank interest rate cut, Governing Council...

BOJ policymaker leans towards rate hike despite government pushback

NIIGATA, Japan -The Bank of Japan must keep raising real interest rates to a state of equilibrium, board member Junko Koeda said on Thursday in the wake of renewed yen slides, driven by market...

German tax revenues rise 0.5% in October, finance ministry says

BERLIN -Germany's federal and state government tax revenues were up slightly in October, rising 0.5% from the same month a year ago, the finance ministry said in a report on Thursday. ...

Many Fed policymakers at last meeting were opposed to December rate cut

WASHINGTON -A divided Federal Reserve cut interest rates last month even as policymakers cautioned that doing so could risk entrenched inflation and a loss of public trust in the U.S. central bank,...

US canceling October's employment report after shutdown prevented data collection

WASHINGTON -The U.S. Bureau of Labor Statistics said on Wednesday it would not be publishing the closely watched employment report for October, but will combine nonfarm payrolls for that month with...

Bank of Canada urges coordinated approach to boost weak productivity

The Bank of Canada on Wednesday called for a coordinated economy-wide approach to boost weak productivity, an issue it said was becoming more pressing in the face of challenges caused by U.S. trade...

Fed's Miran calls for exempting Treasuries from bank leverage rule

WASHINGTON -Federal Reserve Governor Stephen Miran on Wednesday called for regulators to exempt U.S. Treasury bonds from a key bank leverage ratio, arguing agencies should go further than previously...

US, UK and Australia sanction Russian cyber firms over ransomware links

LONDON -The United States, Australia and Britain announced coordinated sanctions on Wednesday against Russia-based web company Media Land, accusing it of supporting ransomware operations. ...

Euro zone's current account surplus widens on trade

FRANKFURT -The euro zone's current account surplus widened a touch in September as the goods surplus increased, offsetting a modest drop in the trade of services, data from the European Central Bank...

Russia plans new tax on electronics to boost its defence capacity

MOSCOW -Russia is planning a new tax on electronics, primarily imported and consumer items, with $2.7 billion in proceeds earmarked to support the domestic electronics industry, including in the...

Cash allocation strategies across US companies could be missing out on millions, report shows

Corporations across the U.S. could potentially be leaving millions on the table depending on their cash management strategies, according to research published by Clearwater Analytics on Tuesday. ...

Brazil's central bank orders extrajudicial liquidation of Banco Master

BRASILIA -Brazil's central bank announced on Tuesday the so-called extrajudicial liquidation of Banco Master, effectively halting the lender's operations as the regulator appoints a liquidator to...

DAX Poised for Stronger Opening Following Nvidia Results

The DAX is expected to open significantly higher on Thursday, according to calculations by banks and brokerage firms. On Wednesday, investors anxiously awaited Nvidia's earnings report, refraining...

Japan's toolkit to combat unwelcome yen declines

TOKYO -Japanese authorities are facing renewed pressure to combat a decline in the yen, driven in part by market bets that dovish new premier Sanae Takaichi will pile pressure on the central bank to...

Japan finance minister says 'alarmed' over yen's volatility

TOKYO -Japanese Finance Minister Satsuki Katayama on Tuesday expressed concern over recent foreign exchange movements, as the yen sank to fresh nine-month lows versus the dollar. As we...

US construction spending rebounds in August

WASHINGTON -U.S. construction spending unexpectedly rebounded in August, likely lifted by home renovations as higher mortgage rates continued to weigh on single-family homebuilding. The...

Fed needs to move slowly with further rate cuts, Jefferson says

WASHINGTON -Federal Reserve Vice Chair Philip Jefferson said on Monday the U.S. central bank needs to proceed slowly with any further interest rate cuts as it eases policy towards a level that would...