SHANGHAI (Reuters) – Having spent all year trying to put a floor under the tumbling yuan, China’s central bank is suddenly faced with the opposite problem and is turning to…
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By Rishav Chatterjee (Reuters) – Commonwealth Bank of Australia (OTC:CMWAY), the country’s biggest lender, cut interest rates for some of its home loan products for new customers on Friday, stoking…
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Economy News
With Fed rate cut set, Powell may focus on explaining US economic conditions at Jackson Hole
By Howard Schneider JACKSON HOLE, Wyoming (Reuters) – U.S. economic data is giving the Federal Reserve the green light to cut interest rates, financial markets are aligned for the first…
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By Elizabeth Pineau and Ingrid Melander PARIS/TOURS (Reuters) – French President Emmanuel Macron meets with party leaders from the left, center and right on Friday with the aim, nearly seven…
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LONDON (Reuters) – The latest earnings from AI darling Nvidia (NASDAQ:NVDA) and key inflation numbers in the euro area and Australia should keep markets busy in the coming week. Gold’s…
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By Stella Qiu SYDNEY (Reuters) -Asian shares sputtered on Friday while the dollar rebounded from one-year lows as investors were cautious ahead of a speech by the world’s most powerful…
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Investing.com– Gold prices rose in Asian trade on Friday but were nursing a tumble from record highs in the prior session as caution before an address by Federal Reserve Chair…
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By David Ljunggren and Promit Mukherjee OTTAWA (Reuters) -The Canadian government moved quickly on Thursday to end an unprecedented rail stoppage, announcing it would ask the country’s industrial relations board…
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By Ankur Banerjee SINGAPORE (Reuters) -The yen rose on Friday as traders considered comments from Bank of Japan Governor Kazuo Ueda, who sought to calm lingering nerves after a surprise…
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JACKSON HOLE, Wyoming (Reuters) – The European Central Bank has room to cut interest rates possibly two more times this year as inflation remains broadly on the declining path policymakers…