Currencies

Huawei eyes greater role in Brazil data center market

RIO DE JANEIRO -Chinese tech giant Huawei is interested in strengthening and improving its capacity as a supplier of data center solutions, it said in a statement to Reuters on Thursday, clarifying...

Fed minutes show little support for interest rate cut later this month

WASHINGTON -Only a couple of officials at the Federal Reserve's June 17-18 meeting said they felt interest rates could be reduced as soon as this month, with most policymakers remaining worried about...

Trump says U.S. interest rate is at least 3 points too high

WASHINGTON -U.S. President Donald Trump on Wednesday called on the Federal Reserve to lower the federal benchmark interest rate by at least 3 percentage points, renewing his call for the U.S. central...

Sterling steady as investors weigh BoE's financial stability report, tariff uncertainty

Sterling was little changed on Wednesday, as investors digested the Bank of England's half-yearly report on financial stability and assessed the potential impact of trade disputes on global economic...

Exclusive-Finland and Lithuania set to produce anti-personnel mines, officials say

VILNIUS/HELSINKI/TALLINN -Lithuania and Finland look set to start domestic production of anti-personnel landmines next year to supply themselves and Ukraine because of what they see as the military...

'Fortress Russia' has seized $50 billion in assets over 3 years, research shows

MOSCOW -Russian authorities have confiscated assets worth some $50 billion over the past three years, underscoring the scale of the transformation into a fortress Russia economic model during the war...

DAX Expected to Open Higher - Commerzbank in the Spotlight

The DAX is forecast to start Wednesday's session with gains, according to calculations by banks and brokerage houses. On Tuesday, Germany's benchmark index rose by 0.6 percent to 24,206 points....

White House adviser Hassett emerging as serious contender for next Fed chair, WSJ reports

WASHINGTON -White House economic adviser Kevin Hassett is emerging as a serious contender to be the next chair of the U.S. Federal Reserve, the Wall Street Journal reported on Tuesday, citing people...

Malaysia calls for stronger inter-ASEAN trade amid tariffs uncertainty

KUALA LUMPUR -Malaysia's Prime Minister Anwar Ibrahim on Wednesday urged Southeast Asian countries to act with purpose and enhance trade among each other in the face of global uncertainty, as...

Investors head into Trump tariff deadline benumbed and blase

Global investors are heading into U.S. President Donald Trump's Wednesday deadline for trade tariffs palpably unexcited and prepared for a range of benign scenarios that they believe are already...

In the Fed's hunt for a reason to cut rates, surveys and tariffs make answers elusive 

WASHINGTON -Recent national and global surveys of business executives have highlighted the U.S. Federal Reserve's dilemma in determining if slowing growth or inflation is the greater risk to the U.S....

Sterling gains broadly as Trump unveils tariff specifics

LONDON -The pound rose on Tuesday, gaining against the likes of the yen after the U.S. announced 25% tariffs on imports from Japan and South Korea, as investors gravitated towards markets that are at...

Dax Opens Slightly Higher as Trump Tariffs Remain in Focus

Dax investors have largely shrugged off the latest tariff announcements from U.S. President Donald Trump. The German benchmark index rose by 0.3 percent to 24,138 points at Tuesday's opening. The...

Bunge charters first Argentine soy meal cargo to China

BUENOS AIRES/BEIJING -U.S. grains trading group Bunge has chartered 30,000 metric tons of Argentine soybean meal cargo destined for China, data seen by Reuters on Monday showed, marking the first...

BRICS tariff to be applied only if they adopt policies deemed 'anti-American', source says

WASHINGTON -The Trump administration will not immediately impose a new 10% tariff against members of the developing nation BRICS bloc, but will proceed if countries take so-called anti-American...

Brazil's auto sales, production dip in June

SAO PAULO -Brazil's auto production fell 6.5% in June from the previous month, totaling 200,764 units, data released by automakers association Anfavea showed on Monday. Auto sales in...

Wall St knocked lower by tariff jitters; Musk's political plan hits Tesla

By Sinéad Carew and Pranav Kashyap -Wall Street's major indexes closed sharply lower on Monday, after U.S. President Donald Trump announced hefty tariffs against Japan, South Korea and...

Exclusive-China's central bank asks financial institutions about dollar weakness, sources say

China's central bank has asked some financial institutions about their views on recent U.S. dollar weakness, people with knowledge of the matter said. In the survey conducted last week,...

DAX Investors Proceed Cautiously Ahead of Tariff Deadline

At the start of a week marked by the anticipated deadline in tariff negotiations with the United States, DAX investors are treading carefully. Germany's leading index opened Monday with a modest gain...