Currencies

Warsh 'regime change' faces steep hurdles at a sprawling US central bank

Kevin Warsh checks a long list of boxes for President Donald Trump as his pick to run the Federal Reserve, with longstanding political and social ties to the president, deep Wall Street connections...

Japan's Takaichi cites weak yen's benefits even as her government threatens intervention

Japanese Prime Minister Sanae Takaichi cited some benefits of a weaker yen on Saturday, in stark contrast to her finance ministry's threats to intervene to support the battered currency. ...

Five things to know about Kevin Warsh, Trump's 'central casting' Fed chair pick

U.S. President Donald Trump on Friday said he will nominate former Federal Reserve governor Kevin Warsh to return as Fed Chair in May, as the president continues his campaign for lower U.S. interest...

Trump's Fed chair pick Warsh likely to boost Wall St rule easing

Kevin Warsh, U.S. President Donald Trump's pick to chair the Federal Reserve, will likely boost the central bank's effort to ease Wall Street bank rules, and allow the administration a bigger say on...

US producer prices post biggest gain in five months, businesses passing on tariffs

U.S. producer prices increased by the most in five months in December amid some pass-through from import tariffs, suggesting inflation could pick up in the months ahead and allow the Federal Reserve...

US stock index futures cut losses after Trump nominates Kevin Warsh as next Fed Chair

U.S. stock index futures cut some losses on Friday, after U.S. President Donald Trump nominated Kevin Warsh as the next Federal Reserve chair. I am nominating Kevin Warsh to be chairman...

Japan's FX market intervention limited to verbal warnings, MoF data shows

Japan refrained from intervening in currency markets through last week, official data showed on Friday, confirming that the government's efforts to defend the yen have been limited to verbal...

Euro zone economy ends 2025 with solid growth despite low exports, US trade strife

The euro zone economy grew quicker than expected last quarter as consumption and investments kicked into higher gear, offsetting low exports and the exceptional uncertainty emanating from U.S. trade...

Euro zone economy ends 2025 on solid footing, confirming resilience

The euro zone's largest economies grew at a modest but steady pace last quarter as consumption and investments kicked into higher gear to offset low exports and exceptional uncertainty from erratic...

Germany's Merz says economy his main focus after jobless numbers hit 12-year high

German Chancellor Friedrich Merz said on Friday that boosting the economy would be his main focus this year, after data showed that unemployment has powered past the 3 million mark to a 12-year high. ...

European shares cap strong January with earnings-fuelled gains

Europe's main share index ended higher on Friday, marking its longest monthly winning streak since 2021 as investors digested corporate earnings and news that U.S.-President Donald Trump nominated an...

Trump says Fed pick due Friday after meeting Warsh at White House

President Donald Trump is expected to name a successor to Federal Reserve Chair Jerome Powell on Friday after a White House meeting the previous day with former Fed Governor Kevin Warsh, a Fed critic...

Investors gain some Fed clarity with Warsh choice, but mull rate path

The choice of Kevin Warsh to lead the U.S. Federal Reserve clears uncertainty on Wall Street about the central bank's likely next chair, but leaves investors weighing how the former Fed governor's...

Instant View: Trump to announce his Fed chief pick on Friday

President Donald Trump said on Thursday he intends to announce his pick to replace Federal Reserve Chair Jerome Powell on Friday, with speculation intensifying that the nod will go to former Fed...

Trump to announce his Fed chief pick on Friday

President Donald Trump said on Thursday he intends to announce his pick to replace Federal Reserve Chair Jerome Powell on Friday, with speculation intensifying that the nod will go to former Fed...

Trump says he will announce his Fed chief nominee on Friday

U.S. President Donald Trump said he will announce his pick to replace Federal Reserve Chair Jerome Powell on Friday morning. I'll be announcing the Fed chair tomorrow morning, Trump said...

Core inflation in Tokyo slows, still on track to hit BOJ goal

Core inflation in Japan's capital slowed to a 15-month low in January due to the effects of gasoline subsidies and easing price pressure on food, data showed on Friday, a sign consumers were getting...

Digital euro to provide retail payments backbone Europe needs, ECB's Cipollone says

The euro zone needs to be self-sufficient in handling payments and the digital euro will provide the necessary infrastructure for retail transactions, European Central Bank Executive Board Member...

EU pandemic recovery fund boosted growth, more effects to come later

The European Union's economy is likely to be 1.4% bigger this year following the cumulative effect of investment and reforms implemented since 2021 under the EU pandemic recovery fund, Economic...