Currencies

Brazil airline Azul files for Chapter 11 to restructure debt

Brazilian airline Azul on Wednesday filed for Chapter 11 bankruptcy protection in the United States, it said in a securities filing, after months of trying to restructure mostly pandemic-era debt. ...

Minutes of Fed's May meeting likely to show officials grappling with uncertainty

WASHINGTON -The U.S. Federal Reserve at its May 6-7 meeting undercut expectations that it would change its policy interest rate anytime soon, and minutes from that session released on Wednesday may...

BOJ long-term government bond holdings fall for first time since 2008

TOKYO -The Bank of Japan's long-term government bond holdings fell for the first time in 16 years as of end-March as it tapered bond purchases, its earnings showed on Wednesday, in another sign of...

South African rand stable as traders wait for interest rate decision

JOHANNESBURG -The South African rand was steady on Wednesday, a day ahead of the central bank's interest rate decision. At 1329 GMT, the rand traded at 17.9375 against the dollar,...

Japan's government to pledge 'nimble' fiscal action in policy guidelines

TOKYO -Japan's government will pledge in this year's policy guidelines to take nimble policy action as U.S. tariffs and high inflation impact household finances, according to a draft seen by...

German home prices to rise 3% this year on tight supply; affordability to worsen

German home prices will build on a recent rebound but at a slightly slower pace than expected earlier this year, according to analysts polled by Reuters, as supply remains tight and worsening...

Sterling weakens versus dollar but stays close to over three-year high

LONDON -The pound ticked lower versus a broadly stronger dollar on Tuesday, yet remained close to a more than three-year high scaled on Monday as reduced bets on Bank of England rate cuts and some...

Trump's tariff blitz prompts 'firefighting' response from Fed researchers

WASHINGTON/SAN FRANCISCO -U.S. Federal Reserve staffers have scrambled since January to decipher what Trump administration trade policies will mean for the economy, with published tallies of...

Fed's Kashkari calls for steady rates, awaits clarity on tariff impact

TOKYO -Federal Reserve Bank of Minneapolis President Neel Kashkari on Tuesday called for keeping interest rates steady until there is more clarity on how higher tariffs affect inflation, warning...

South African rand weakens as gold prices weigh

JOHANNESBURG -South Africa's rand weakened against a stronger dollar on Tuesday, hurt by lower gold prices as risk sentiment improved following U.S. President Donald Trump's decision to postpone...

DAX Pauses for Breath After Rally

After a strong start to the week, DAX investors took a breather on Tuesday. The German benchmark index opened slightly higher at 24,054.16 points, following a 1.7 percent gain on Monday. Optimism at...

Japan's corporate service inflation hits 3.1% in April

TOKYO -A leading indicator of Japan's service-sector inflation hit 3.1% in April, data showed on Tuesday, keeping alive expectations of further interest rate hikes by the central bank. ...

Russia's cooling economy facing 'hypothermia' risks, minister warns

MOSCOW -Russia's economy is facing hypothermia risks, Economy Minister Maxim Reshetnikov said on Monday as he urged the central bank to take slowing inflation into account when it meets to set...

Sterling touches new 2022 high; Trump EU tariff reversal dents dollar

LONDON -The pound edged up on Monday to trade around its highest since early 2022, as the dollar came under broad pressure following another abrupt reversal in trade policy by U.S. President Donald...

South African rand slips, local rate decision in focus

JOHANNESBURG -The South African rand weakened on Monday, with the central bank's interest rate decision likely to be the highlight this week. At 1533 GMT, the rand traded at 17.86...

India's central bank seeks approval for overseas rupee lending to neighbours, sources say

NEW DELHI -India's central bank is taking another step to internationalise the rupee, seeking approval to allow domestic banks to lend the currency to overseas borrowers for the first time, two...

DAX Expected to Open Higher After Trump Delays EU Tariffs

The DAX is set to open higher on Monday, according to calculations by banks and brokerage houses. On Friday, the index closed down 1.5 percent at 23,629 points, following threats of tariffs from US...

Trading Day: Trump shatters tariff calm with new salvo

TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Just when a degree of calm appeared to have settled over...

Fed's Cook: April market volatility will help hone financial stability assessment

Federal Reserve Governor Lisa Cook on Friday noted financial market volatility last month driven by the Trump administration's announcement of unexpectedly high tariffs did not result in the kind of...