Currencies

Temu office in Turkey raided by competition authorities

Online retailer Temu's office in Turkey was raided early on Wednesday, the country's competition authority and a spokesperson for the Chinese company told Reuters. The move follows a...

US Supreme Court appears reluctant to let Trump fire Fed's Lisa Cook

U.S. Supreme Court justices signaled skepticism on Wednesday toward President Donald Trump's unprecedented bid to fire Federal Reserve Governor Lisa Cook in a case with the central bank's independence...

EURO / US DOLLAR (EUR/USD): Caught in a Crossfire

The macroeconomic readout still puts growth front and centre, with productivity rising, a fiscal stimulus on the way and bank lending re-accelerating. At this stage of the cycle, there is no...

Japan may struggle to calm markets tripped up by Takaichi's taboo tax cut

Japanese Prime Minister Sanae Takaichi may struggle to calm a bond market jolted by her vow to cut the consumption tax rate, a taboo even her mentor and former premier Shinzo Abe - known for his...

Time for Europe to wake up amid US threats, ECB's Villeroy says

Europe must wake up in the face of threats of fresh tariffs by U.S. President Donald Trump over Greenland, European Central Bank policymaker Francois Villeroy de Galhau said on Wednesday. ...

Rupee slides to record low on global market woes; lack of RBI presence worsens fall

The Indian rupee plunged to a record low and suffered its biggest single-session fall in two months on Wednesday, as a global bond rout and U.S. threats to acquire Greenland kept investors on edge and...

Japan should respond 'decisively' to bond selloff, opposition head says

Japan should act decisively against excessive market moves, Yuichiro Tamaki, head of an influential opposition party, told Reuters on Wednesday, after a brutal selloff of Japanese government bonds...

Asian shares extend selloff, global bond rout stokes fresh anxiety

Asian stocks extended their losses for a third session on Wednesday, undone by heightened tensions over U.S. threats to acquire Greenland ahead of President Donald Trump's Davos speech, while a global...

Buyers flee Japanese debt as Takaichi hits the ground spending

Japan's government bonds are in free fall as investors take a dim view of an atmosphere of competitive spending on the hustings, where politicians are jostling to cut taxes in an economy with the...

Trump, sharing leaked texts and AI mock-ups, vows 'no going back' on Greenland

U.S. President Donald Trump said on Tuesday there was no going back on his goal to control Greenland, refusing to rule out taking the Arctic island by force and lashing out at NATO allies as European...

BOJ to signal more rate hikes as yen, politics fuel inflation risks

The Bank of Japan is expected to raise its growth forecast on Friday and signal its readiness to hike interest rates further, as recent yen falls and prospects of solid wage gains keep policymakers...

Brazil Supreme Court authorizes freezing of investor Nelson Tanure's assets

Brazil's Supreme Court Justice Dias Toffoli has allowed a prosecutor's request for banks to freeze assets belonging to Brazilian entrepreneur Nelson Tanure due to an investigation into lender Banco...

Russia ran a 2025 budget deficit of 2.6% of GDP, highest since 2020

Russia ran a budget deficit of 5.6 trillion roubles , or 2.6% of GDP, in 2025, the Finance Ministry said on Monday, the highest deficit since 2020 as a percentage of GDP and the highest since 2006 in...

Cook case could lead to 'cause' protections for Fed, or a roadmap for dismissals

The most consequential test of the Federal Reserve's independence in more than a century of existence comes before the U.S. Supreme Court this week, with the focus on whether the justices will shield...

India's central bank proposes linking BRICS' digital currencies, sources say

India's central bank has proposed that BRICS countries link their official digital currencies to make cross-border trade and tourism payments easier, two sources said, which could reduce reliance on...

Six candidates for ECB vice presidency

Euro zone finance ministers will nominate on Monday a successor to European Central Bank Vice President Luis de Guindos. Following are some details on each of the six candidates who...

IMF revises up Japan's growth forecast, sees inflation moderating

The International Monetary Fund on Monday slightly revised up Japan's economic growth forecast for 2026, reflecting a boost from the government's fiscal stimulus package. Japan's economy...

IMF sees steady global growth in 2026 as AI boom offsets trade headwinds

The International Monetary Fund again edged its 2026 global growth forecast higher on Monday as businesses and economies adapt to U.S. tariffs that have eased in recent months and a continued AI...

Japan households expect prices to keep rising, survey shows

Most Japanese households expect prices to keep rising for the next few years, a central bank survey showed on Monday, reinforcing expectations the country was seeing conditions fall into place for...