Currencies

ECB's Lagarde receives 140,000 euros from BIS despite payment ban for ECB staff, FT reports

European Central Bank President Christine Lagarde receives about 140,000 euros a year as a Bank for International Settlements board member despite an ECB ban on third-party payments to staff, the...

Reaction to US Supreme Court ruling and Trump's new tariff threat

U.S. President Donald Trump said he will raise a temporary tariff on U.S. imports from all countries to 15% from 10%, following a Supreme Court decision striking down a large swath of his tariffs. The...

Rupee edges up as local factors eat into US tariff ruling-driven gains

The Indian rupee eked out a gain versus the dollar on Monday, as hedging interest from importers and upcoming maturities in forward contracts undercut most of an early advance driven by positive...

BOJ may raise rates in March if yen resumes slide, says ex-policymaker

The Bank of Japan may raise interest rates as soon as March if the yen renews its slide ahead of a U.S.-Japan summit expected to be held during the month, former central bank board member Makoto...

Tariff ruling limits Trump's leverage but won't end uncertainty for trade partners

The U.S. Supreme Court's decision to strike down a large swath of President Donald Trump's tariffs has weakened his ability to threaten and impose tariffs at a moment's notice, but it won't end...

India, Brazil sign mining pact as Modi targets $20 billion trade in five years

India moved to deepen trade ties with Brazil on Saturday, signing a pact to expand cooperation in mining and minerals as it seeks to meet rising domestic steel demand and support capacity expansion...

Supreme Court tariff ruling clouds Fed's rate path after a year of upheaval

The Supreme Court's ruling against a broad set of the Trump administration's tariffs poses new questions for Federal Reserve policymakers who have spent the last year trying to understand how the...

Trump nodded to low GDP numbers in social post ahead of public release, blaming shutdown

President Donald Trump seemingly flagged a disappointing end-of-year reading on U.S. economic growth before it was made public, criticizing the role Democrats played in an extended government shutdown...

German finance minister calls talk of ECB president succession 'speculation'

German Finance Minister Lars Klingbeil said on Friday that discussion of the term length of ECB President Christine Lagarde was speculation, but that when it came time to find a successor, Germany...

German Economy Sounds Alarm Over China

Just ahead of Chancellor Friedrich Merz's trip, German industry has voiced serious concerns about economic threats posed by China. In a paper obtained by Reuters from the Asia-Pacific Committee of...

Trade pacts boost foreign inflows, lift rupee, Indian central bank says

Foreign portfolio inflows and the rupee have strengthened after India's free trade agreement with the European Union and an interim trade deal with the United States, the Reserve Bank of India said in...

Euro zone businesses perform better than expected in February as manufacturing bounces back, PMI shows

Euro zone business activity accelerated faster than forecast this month as manufacturing swung back to growth for the first time since October, though the dominant services sector marginally...

Dollar set for best week in four months on hawkish Fed, geopolitics

The dollar was poised on Friday to cap its strongest weekly performance since October, buoyed by a run of better-than-expected economic data, a more hawkish Federal Reserve outlook and as tensions...

Japan's core inflation slows to 2-year low, complicates BOJ rate-hike timing

Japan's annual core consumer inflation hit a two-year low to match the central bank's 2% target in January, data showed on Friday, suggesting weakening price pressure that could complicate its...

Fed's Kashkari: Hassett comments about Fed researchers represent another attack on independence

The call by a top Trump administration official for New York Federal Reserve staff to be disciplined for recent research on tariffs was just the latest move by the administration to undermine the...

Visa strikes deal for Prisma, Newpay to boost Argentina presence

Card giant Visa said on Thursday it would buy payment platforms Prisma and Newpay from private-equity firm Advent International, bolstering its presence in Argentina. The deal will help...

ECB's Lagarde signals no imminent exit as politics and central banks collide

European Central Bank President Christine Lagarde has told colleagues she remains focussed on her job and she would tell them first if she was about to step down, a message they took to mean she was...

Knorr-Bremse Eyes Growth Trajectory with Robust Order Books

The rail and truck supplier Knorr-Bremse anticipates rising revenues and profits, buoyed by its corporate restructuring and a strong backlog of orders. After a decline last year, sales...

Japan may see upheaval of funds when BOJ hikes rates to 1%, economist says

An expected rise in Japan's short-term interest rate to 1% may trigger a significant reallocation of cash into deposits that could complicate the Bank of Japan's monetary policy implementation, a...