Analysis: Currencies

For Europe, 30% US tariff would hammer trade, force export model rethink

BRUSSELS -The 30% tariff on European goods threatened by U.S. President Donald Trump would, if implemented, be a game-changer for Europe, wiping out whole chunks of transatlantic commerce and forcing...

Fed's Powell asks watchdog to take fresh look at renovation project, Politico reports

WASHINGTON -U.S. Federal Reserve Chair Jerome Powell has asked the Fed board's inspector general to take a fresh look at the project aimed at overhauling Fed buildings, Politico reported on Monday,...

Fed's Powell asks for watchdog review of project criticized by Trump officials

WASHINGTON -Federal Reserve Chair Jerome Powell has asked the U.S. central bank's inspector general to review the costs involved in the renovation of its historic headquarters in Washington, as Trump...

Japan households' inflation expectations steady, on track to hit BOJ goal

TOKYO -Japanese households' inflation expectations held steady in the three months to June, a Bank of Japan survey showed on Monday, a sign the country was making progress in durably achieving the...

The art of hogging headlines, using tariffs

A look at the day ahead in European and global markets from Wayne Cole. It looks increasingly clear that for President Trump, tariffs are mainly a convenient means of dominating the...

Wealth funds warm to active management - and China - to weather volatility, report shows

LONDON -The world's sovereign wealth funds are turning to active fund management and investments in China, while central banks are diversifying reserves to weather a volatile global environment, an...

Trump says he will speak to Lula at some point as Brazil downplays tariff impact

WASHINGTON/BRASILIA/SAO PAULO -Brazil's government on Friday downplayed the impact of the 50% tariff U.S. President Donald Trump threatened to impose on imports from that country, as leaders from...

Gazprom, CNPC discuss future Russian gas supplies to China

MOSCOW -The heads of Russia's Gazprom and China's energy company CNPC discussed future Russian gas supplies to China during talks in Beijing, Gazprom said on Friday, as Moscow seeks stronger ties...

Instant view: Canada's economy adds 83,100 new jobs in June

TORONTO -Canada's economy added 83,100 jobs in June, the first net increase since January, and the jobless rate edged down to 6.9%, Statistics Canada data showed on Friday. Market...

Canada records surprise job gains, June unemployment rate edges down

OTTAWA -Canada's unemployment rate fell slightly to 6.9% in June as the wholesale and retail trade sectors as well as manufacturing, healthcare and social assistance all saw surprise job growth, data...

TSX gives up weekly gain as the US plays 'hardball' on tariffs

Canada's main stock index pulled back on Friday from a record high as investors weighed the prospect of increased U.S. tariffs on Canadian goods and after domestic jobs data clipped expectations the...

Kyiv to allocate $6.2 million to drone interceptor program

KYIV -Kyiv will allocate 260 million hryvnias for a drone interceptor program to defend the capital's skies from Russian drones, city authorities said on Friday. Russia has stepped up...

Asian stocks attract foreign inflows for second month, but tariff outlook clouds

Asian stocks drew foreign inflows for a second straight month in June, buoyed by investors wagering on U.S. Federal Reserve interest rate cuts and a softer U.S. dollar, though gains were capped by...

Japan's June core inflation likely slowed as tariff threats loom

TOKYO -Japan's June core inflation likely slowed but remained above the central bank's 2% target, a Reuters poll showed, keeping it under pressure to resume interest rate hikes as U.S. trade tariffs...

Rupee endures weekly decline on tariff jitters but holds ground short of 86/USD

The Indian rupee stayed on the defensive for much of the week and nursed modest losses on Friday as likely foreign portfolio outflows added to pressure from rolling tariff threats from the White...

White House slams Powell over Fed finances, project cost overruns

The White House on Thursday launched a fresh attack on Federal Reserve Chair Jerome Powell, with a top Trump administration official saying Powell had grossly mismanaged the central bank, chastising...

Brazil's Lula pledges retaliation to Trump tariffs but keeps diplomacy open

BRASILIA -Brazilian President Luiz Inacio Lula da Silva said he wanted to find a diplomatic solution to U.S. President Donald Trump's threat of 50% tariffs on Brazilian exports, but vowed to...

Fed considers changes to how it grades big banks

WASHINGTON -The Federal Reserve on Thursday proposed tweaks to how it evaluates large banks by making it easier for them to be considered well managed, removing a hurdle for potential acquisitions...

IMF says new US tariffs keep trade uncertainty running high

WASHINGTON -The IMF said on Thursday it was closely monitoring the latest U.S. tariffs announcements, saying uncertainty about the global economic outlook remained high and urged countries to work...