Hundreds of hedge fund managers and traders gathered at New York's Gotham Hall ballroom on Thursday, fixated on their big bets - in poker, not markets.
A U.S. judge could rule as early as Friday on a final auction schedule that could force a breakup of Venezuela-owned Citgo Petroleum, the seventh-largest U.S.
As a painful decline in markets drags on, investors are grappling with a difficult choice: stick with stocks and hope for a turnaround or avoid them until better times arrive.
The United States on Friday added China's top memory chipmaker YMTC and 30 other Chinese entities to a list of companies that U.S.
The Canadian economy added jobs in September, but did little to recoup the losses of the last three months, while the jobless rate beat forecasts, edging down as fewer people looked for work, official data showed on Friday.
European shares slipped on Friday, led by semiconductor firms after weak earnings and forecasts from Samsung and Advanced Micro Devices, while recession fears lingered amid signs that central banks would remain aggressive with policy tightening.
Japan's current account surplus is likely to have deteriorated in August as the weak yen continues to inflate the cost of imports, casting doubt on the country's ability to amass foreign wealth and eroding the currency's prized safe-haven status.
A towering rally in the U.S. dollar is expected to hit third-quarter corporate earnings, potentially presenting another obstacle to stocks in a year that has experienced an already-painful market decline.
U.S. job growth likely slowed in September as rapidly rising interest rates leave businesses more cautious about the economic outlook, but overall labor market conditions remain tight, providing the Federal Reserve with cover to maintain its aggressive monetary policy tightening campaign for a while.
Japan's foreign reserves fell by a record $54 billion in September, official data showed on Friday, as global market ructions dented the value of foreign bonds and prompted dollar-selling intervention to arrest a steep decline in the yen.
South Korea's central bank will opt to go big again and hike rates by another half-point next week, pushing borrowing costs higher than earlier predicted to support a weakening won and dull its effect on inflation, a Reuters poll showed.
India's rupee will trade near its record low against the mighty greenback beyond this year, buffeted by rising oil prices and an aggressive U.S.
Asian stocks declined on Friday, extending a global equity slide to a third day, as investors fretted over recession risks amid signs of further aggressive central bank policy tightening.
The dollar was strongly poised on Friday, buoyed by a chorus of hawkish Federal Reserve speakers and as investors bet a solid jobs data later in the day will keep the world's biggest central bank on its aggressive tightening path to tame inflation.
Another problem, even more significant than coronavirus, won't go away any time soon: the burst of the housing property bubble.
Japanese households increased spending in August compared with a year earlier as the economy continued to recover from COVID-19 restrictions, but rising prices are clouding the outlook for further gains.
The Bank of Canada made clear on Thursday it will not yet be pivoting away from its current rapid pace of interest rate increases, with Governor Tiff Macklem saying there is no sign underlying inflation is easing.
The collateral against potential losses posted on derivatives trades at Eurex has risen to a record high of around 130 billion euros ($128 billion) in the face of highly volatile markets and stubborn inflation, Erik Mueller, CEO of Eurex Clearing, told Reuters on Thursday.
U.S. inflation remains "stubbornly and unacceptably high," requiring continued interest rate increases to be sure it begins falling, Fed governor Lisa Cook said in her first public remarks on monetary policy since joining the central bank's Washington-based board.
European shares tumbled on Thursday as minutes from the central bank's last meeting fanned fears about the state of inflation in the euro zone and aggressive policy moves to tame it, while weak retail sales data added to jitters around an economic slowdown.
The number of Americans filing new claims for unemployment benefits increased by the most in four months last week, but the labor market remains tight even as demand for labor is cooling amid higher interest rates.
U.S. stock indexes futures pared losses on Thursday, with Nasdaq futures briefly turning positive after data showing an increase in weekly jobless claims suggested the Federal Reserve may need to ease its aggressive monetary tightening cycle.
The International Monetary Fund will next week downgrade its forecast for 2.9% global growth in 2023, Managing Director Kristalina Georgieva said on Thursday, citing rising risks of recession and financial instability.
The world's central bankers are caught up in a race to curb inflation that only the Federal Reserve can stop.
Israel's aggressive interest rate hiking cycle aimed at lowering inflation was at a "well advanced" stage, Bank of Israel Governor Amir Yaron said, with price pressures starting to ease and inflation hopefully moving back into its target range next year.
The Reserve Bank of India may have to hike the repo rate to as much as 6.75% as inflation remains a threat, lingering above the central bank's target range for the remainder of the year, the head of fixed income at Edelweiss Asset Management said on Thursday.
The Canadian dollar is set to fall short of a September forecast for the coming year following sharp losses in recent weeks and as interest rate hikes by the Bank of Canada threaten to push the domestic economy into recession, a Reuters poll showed.
The Bank of Japan (BOJ) on Thursday painted a cautiously optimistic view on consumption, and joined the government in voicing hope that next week's re-opening of borders will boost inbound tourism and help the economy benefit from a weak yen.
Growth in India's services industry slumped in September to a six-month low, led by a substantial easing in demand amid high inflation, a private survey showed.
When Japanese Prime Minister Fumio Kishida vowed this week to wring more gains from the weak yen, which has become instead a source of economic pain, he was pinning his hopes on the likes of Soichi Yoshimura, 33, and his strawberry farm north of Tokyo.
