Currencies

On eve of US tariffs, Brazilian beef exports hit record high in July

SAO PAULO -Exports of fresh beef from Brazil reached a record 276,900 metric tons in July, according to trade data on Wednesday, showing a steep rise before a hefty U.S. tariff applied on sales from...

Exclusive-'I won't humiliate myself': Brazil's president sees no point in tariff talks with Trump

BRASILIA -As U.S. tariffs on Brazilian goods jumped to 50% on Wednesday, Brazil's President Luiz Inacio Lula da Silva told Reuters in an interview that he saw no room for direct talks now with U.S....

Gold eases on profit-taking, eyes on Trump's Fed picks

Gold prices eased on Wednesday as investors booked profits after prices hit a near two-week high in the previous session, while the market's focus shifted to U.S. President Donald Trump's upcoming...

India's FX reserves drop $9 billion to about $689 billion, reflecting tariff-driven rupee defence

MUMBAI, August 6 -India's foreign exchange reserves fell to $688.9 billion as of August 1, Reserve Bank of India Governor Sanjay Malhotra said on Wednesday. The forex reserves fell $9.3...

India rupee rises on RBI rate pause, but US tariff pressure persists

The Indian rupee edged higher on Wednesday, helped by the central bank keeping its key rate steady, though impending higher tariffs on shipments to the United States are likely to keep the currency...

Japan's real wage falls for sixth straight month in June

TOKYO -Japan's real wages fell in June for the sixth consecutive month as inflation continued to outpace pay growth, government data showed on Wednesday, raising concerns about consumption-led...

Trump's attacks on Fed, data integrity weigh on US dollar forecasts

BENGALURU -The U.S. dollar will weaken steadily over the coming months on mounting concerns over the Federal Reserve's independence, the credibility of official statistics, ballooning fiscal debt and...

Trump set to fill Fed board vacancy by week's end, has narrowed chair search to four

WASHINGTON -U.S. President Donald Trump said on Tuesday he will decide on a nominee to fill a coming vacancy on the Federal Reserve's Board of Governors by the end of the week, and had separately...

Brazil's iFood app announces $3.1 billion in investments

SAO PAULO -Brazilian food delivery app iFood, owned by Dutch investment group Prosus, announced on Tuesday direct investments of 17 billion reais in the country between April 2025 and March 2026. ...

Sterling firms against dollar as markets look to BoE rate guidance

Sterling edged higher against the dollar and fell versus the euro on Tuesday, as traders expect the Bank of England to maintain its rate guidance at this week's policy meeting. The BoE...

Weak Indian rupee may blunt US tariff bite, say economists

MUMBAI -The Indian rupee's recent slide may help soften the blow from higher U.S. tariffs, economists said, with trade tensions between New Delhi and Washington intensifying under President Donald...

Euro zone business growth inched up in July but remained subdued, PMI shows

LONDON -Business activity in the euro zone grew at a slightly faster pace in July than in June but remained sluggish as demand dipped, a survey showed on Tuesday. The HCOB Eurozone...

South African rand flat as tariff concerns weigh

JOHANNESBURG, August 5 -The South African rand was little changed in muted trade on Tuesday even after the release of a positive purchasing managers' index survey as investors continued to wait for...

Russian services sector contracts at fastest rate since June 2024, PMI shows

Russia's services sector contracted at its fastest pace since June 2024 in July, a business survey showed on Tuesday, as new orders declined in a subdued sales environment. The S&P...

DAX Poised for Higher Open as Corporate Earnings Take Center Stage

On Tuesday, the DAX is expected to start trading with gains, according to movements observed in the futures markets. At the start of the week, Germany's benchmark index climbed 1.4 percent to around...

RBI intervention shields rupee from record low after Trump tariff threat

The Indian rupee extended its decline on Tuesday on the back of escalating trade tensions with the United States, although likely central bank intervention prevented the currency from breaching record...

Exclusive-Fed's Daly says time is nearing for rate cuts, may need more than two

San Francisco Federal Reserve Bank President Mary Daly on Monday said that given mounting evidence that the U.S. job market is softening and no signs of persistent tariff-driven inflation, the time...

Brazil chooses local relief over retaliation for US tariffs, sources say

BRASILIA -Brazil's government has set aside for now plans for direct retaliation against steep U.S. tariffs taking effect this week, focusing instead on a relief package for industries hit hardest by...

MUFG head sees chance of Bank of Japan rate hike in October

TOKYO -The Bank of Japan may hike interest rates as early as October, as trade-related uncertainty has started to recede and domestic inflationary pressure is relatively high, the CEO of Mitsubishi...