U.S. business activity fell to a 4-month low in August and firms continued to struggle to pass on higher prices to consumers, bolstering the likelihood that inflation will stay on a
August 22, 2024
It will soon be appropriate for the Federal Reserve to begin a rate-cutting cycle, Boston Fed President Susan Collins said on Thursday, signaling her likely support for a rate cut at the
August 22, 2024
Kansas City Fed Bank President Jeff Schmid, one of the U.S. central bank's more hawkish policymakers, said on Thursday he was taking a closer look at the dynamics behind the rise in the
August 22, 2024
European Central Bank policymakers saw no urgency in cutting interest rates last month but hinted at a fresh discussion in September as high rates take a toll on growth, the accounts of
August 22, 2024
The Bank of Japan (BOJ) is considering adding wage-related items to its quarterly "tankan" business survey, Jiji news agency reported on Thursday.
August 22, 2024
Euro zone negotiated wage growth slowed last quarter, bolstering the case for another interest rate cut in September and assuaging policymakers' fears that runaway labour costs would
August 22, 2024
Thailand's central bank should assist retail borrowers after it held its benchmark interest rate steady this week, the caretaker finance minister said on Thursday.
August 22, 2024
The UK's benchmark FTSE 100 ended little changed on Thursday, as lower metal prices weighed on sectoral heavyweights, while investors assessed softer U.S.
August 22, 2024
Bangladesh's central bank will raise interest rates to 9% from 8.5% in the coming days in a bid to tame soaring inflation, the bank's governor told the BBC in an interview published early
August 22, 2024
A look at the day ahead in European and global markets from Tom Westbrook With the vast majority of Fed policymakers ready to go on interest rate cuts, a global easing cycle beckons.
August 22, 2024
Indonesia's current account deficit widened to 0.9% of gross domestic product (GDP), or $3 billion, in the second quarter from a revised deficit of 0.7% of GDP in the previous
August 22, 2024
China launched an anti-subsidy investigation into dairy imports from the European Union a day after the bloc's revised tariff plan for China-made electric vehicles.
August 22, 2024
Japan's factory activity shrank in August amid subdued demand although the pace of decline slowed, while the service sector expanded, showing upbeat conditions in some industries, a
August 21, 2024
Warnings by China's central bank about excess exposure to long-dated sovereign bonds are aimed at curbing potential systemic risks if yields continue to fall, a senior official at
August 21, 2024
LVMH-owned beauty retailer Sephora is cutting its workforce in China, the company said on Wednesday, as consumers curb their spending on creams and make-up in the world's No. 2
August 21, 2024
Cryptocurrency company Tether said on Wednesday it would launch a new stablecoin pegged to the United Arab Emirates (UAE) dirham as it taps
August 21, 2024
Macy's lowered its annual net sales forecast on Wednesday, blaming higher promotions and weak demand for upscale apparel and accessories from deal-hungry consumers in
August 21, 2024
Sergei Chemezov, the head of Russia's vast Rostec corporation, said that he was grateful to Chinese automotive makers for filling the gap created by the exit of Western brands but
August 21, 2024
London's FTSE 100 ended slightly higher on Wednesday, as traders remained cautious ahead of release of the Federal Reserve's July meeting minutes and
August 21, 2024
Thailand's central bank left its key interest rate unchanged for a fifth straight meeting on Wednesday, saying the current level was
August 21, 2024
Thailand's economy is nearly in crisis due to declining exports and uncompetitive manufacturing, the country's caretaker finance minister said on Wednesday.
August 21, 2024
Pay awards granted by British employers fell during the three months to July, according to a survey on Wednesday that chimed with Bank of England forecasts for slowing wage growth.
August 20, 2024
The Brazilian Senate approved a bill on Tuesday containing measures to offset the effects of a payroll tax exemption, in a key step to solve a months-long struggle between Congress
August 20, 2024
Federal Reserve Governor Michelle Bowman on Tuesday said she remains cautious about any shift in the U.S. central bank's policy because of what she sees as continued upside risks for
August 20, 2024
Canada's annual inflation rate cooled to a 40-month low of 2.5% in July, matching forecasts, and core inflation measures eased as well, data showed on Tuesday, keeping the Bank of
August 20, 2024
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