U.S. Manufacturing Output Softens; Leading Indicator Extends Decline
Production at U.S. factories unexpectedly fell in May, the latest sign of cooling economic activity as the Federal Reserve aggressively tightens monetary policy to tame inflation.
Explainer: Why Russia Drives European And British Gas Prices
Benchmark European and British gas prices are on course for gains of more than 50% this week after Russia said capacity of its Nord Stream 1 pipeline, which take gas directly to Germany, would be cut by around 60%, dramatically reducing European gas supply.
Private Equity Industry Faces 'Perfect Storm' As Market Turmoil Bites
Private equity investors gathered in Berlin at their annual get-together are fretting a season of record buyouts is drawing to a close after a week of market turmoil and recession fears as central banks across Europe have hiked interest rates.
UK's Sunak Hardens Attitude To BoE's Bailey As Inflation Roars
British finance minister Rishi Sunak has toughened his language towards Bank of England Governor Andrew Bailey, a reflection of the political pressure piling on them both as inflation surges towards double digits.
More news
Inflation, Growth Woes Drive European Shares Down For Third Week
European stocks edged higher on Friday, but posted their third straight week of losses as a slew of interest rate hikes from major central banks fuelled worries about a sharp economic slowdown.
Shock Swiss Rate Hike Sets Markets On Edge; BOJ Holds
World stocks on Friday headed for their worst week since markets' pandemic meltdown in March 2020, as investors worried about growth in the face of global rate hikes - except in Japan where policy settings were kept easy and the yen fell.
Shock Swiss Rate Hike Sets Markets On Edge Ahead Of BOJ
World stocks on Friday headed for their worst week since markets' pandemic meltdown in March 2020, as investors feared sharp rate hikes tipping economies into recession, while growth fears and a soaring Swiss franc whacked the U.S.
Stocks Eye Steepest Slide Since 2020 As Central Bankers Roil Markets
World stocks whipsawed on Friday to edge closer to their worst week since markets' pandemic meltdown in March 2020, as leading central banks tightened policy in an effort to tame inflation, setting investors on edge about future economic growth.
Week Of Rate Hikes Has Stocks On Course For Steepest Slide Since 2020
World stocks headed for their worst week since markets' pandemic meltdown in March 2020, as interest rate hikes in the United States and Britain and a surprise one in Switzerland set investors on edge about future economic growth.
Stocks In Biggest Weekly Loss Since 2020 On Interest-rate Worries
World stocks on Friday closed out their steepest weekly slide since the pandemic meltdown of March 2020, as investors worried that tighter monetary policy by inflation-fighting central banks could damage economic growth.
Yen Slides 1.9% From 2-week High After BOJ Sticks To Stimulus
The yen retreated sharply from its highest point in nearly two weeks on Friday, after the Bank of Japan kept its ultra-easy policy unchanged, defying pressure from aggressive tightening at peers including the Federal Reserve and Swiss National Bank.
Yen Tanks As FX Market Adjusts To Central Bank Rate Decisions
The Japanese yen tumbled against the dollar on Friday after the Bank of Japan bucked a wave of tightening and stuck with its ultra-accommodative stance, adding to soaring volatility in currency markets hit by a series of rate hikes this week.
Countries Weigh 'Unprecedented' Trade Deal Package At WTO Talks
The World Trade Organization chief presented countries with a series of trade agreements early on Friday that included pledges on health, reform and food security and urged that they be accepted.
Japan's Kanda Reappointed As Top FX Diplomat Amid Markets Jitters
Japan has reappointed Masato Kanda as vice finance minister for international affairs, the country's top currency diplomat, as part of a mid-year personnel reshuffle, the Ministry of Finance said on Friday.
Oil Lower On Demand Concerns, But New Iran Sanctions Cap Downside
Oil prices edged lower on Friday as demand concerns emerged following interest rate hikes in the week, although new sanctions on Iran capped the downside.
Oil Edges Down As Demand Concerns Weigh, Heading For Weekly Fall
Oil prices edged lower on Friday and were on track for a weekly decline as interest rate hikes from major central banks fuelled worries about a sharp economic slowdown.
Oil Lower On Demand Concerns, But Tight Supply Caps Downside
Oil prices edged lower on Friday as demand concerns emerged following this week's rate hikes, although persisting supply tightness and new sanctions on Iran limited the downside.
Oil Rises On Tight Supply Though Interest Rate Hikes Weigh
Oil rose on Friday, supported by supply tightness and new sanctions on Iran, but prices were on track for a weekly decline amid interest rate hikes from major central banks that fuelled worries about a sharp economic slowdown.
Oil Drops On Recession Concerns, Heading For Weekly Fall
Oil prices fell almost 2% on Friday and were on track for a weekly decline as interest rate hikes from major central banks fuelled worries about a sharp economic slowdown.
BOJ To Maintain Ultra-low Rates, Sound Warning Over Weak Yen
The Bank of Japan is likely to maintain ultra-low interest rates on Friday and stress its resolve to support a fragile economy with massive stimulus, a move that may spark a renewed yen fall by highlighting a policy divergence with the rest of the world.
BOJ Maintains Ultra-low Rates, Warns It Is Closely Watching Yen Moves
The Bank of Japan maintained ultra-low interest rates on Friday and its guidance to keep borrowing costs at "present or lower" levels, signaling its resolve to focus on supporting the economy's tepid recovery from the COVID-19 pandemic.
U.S. Banking Stress Indicator Could Worsen After Fed Hike
An indicator of credit risk in the U.S. banking system may be showing signs of stress, as the Federal Reserve's aggressive rate hike path ratchets up expectations of economic pain.
Canadian Stocks Hit 14-month Low, Loonie Dips On Recession Worries
Canada's main stock index slumped on Thursday to its lowest level in 14 months and its currency weakened as investors grew more worried that aggressive central bank interest rate hikes would trigger a recession, weighing on corporate earnings.
Canadian Stocks Fall Most In 2 Years, Loonie Dips On Recession Fear
Canada's main stock index slumped on Thursday to its lowest level in 14 months and its currency weakened as investors grew more worried that aggressive central bank interest rate hikes would trigger a recession, weighing on corporate earnings.
Argentina Hikes Interest Rate 300 Basis Points As Inflation Spirals
Argentina's central bank raised its benchmark interest rate by the most in three years on Thursday, hot on the heels of a major hike by the U.S.
Analysis-Blown Off Course Again, Fed Policymakers See Near-record Uncertainty
Federal Reserve policymakers are less confident than at any time since the height of the pandemic about what will happen with the economy, data published alongside their forecasts and the Fed's hefty three-quarters-of-a-point rate hike this week show.
Analysis-Bank Of England Keeping Its Options Open For Future Rate Hikes
The Bank of England has kept investors guessing about whether it is part of the pack of central banks signalling further big increases in interest rates in the face of the most severe inflation surge in decades.
Euro Zone Ministers Urge To Cut Deficits, Debts Amid 'Not Easy Times'
Euro zone finance ministers urged a return to budget discipline on Thursday to help the European Central Bank fight the risks of a new debt crisis in the bloc amid high inflation, falling growth and market tensions.
Swiss Move Triggers Biggest Jump In German Bond Yields In A Decade
Eurozone bond yields surged on Thursday after an unexpected, big rate hike by Switzerland turned focus to the ramifications of the policy shift for the region, but Italian debt outperformed on ECB efforts to check diverging euro area borrowing costs.
India's Economic Prospects Firm Despite Global Headwinds, Says RBI
India's domestic macroeconomic conditions have improved further despite the downside risks posed to global growth from commodity-driven inflation, its central bank said on Thursday.
Analysis: Why Us? Italy Seeks Way Out Of Low-wage Economy Trap
Diana Parini left her waitressing job at an Italian Alpine resort last month because she was fed up with the pay and conditions: eight euros per hour, of which six were paid cash-in-hand with no welfare or pension contributions.
Analysis-Why Us? Italy Seeks Way Out Of Low-wage Economy Trap
Diana Parini left her waitressing job at an Italian Alpine resort last month because she was fed up with the pay and conditions: eight euros per hour, of which six were paid cash-in-hand with no welfare or pension contributions.
U.S. Weekly Jobless Claims Fall Modestly; Housing Starts Hit 13-month Low
The number of Americans filing new claims for unemployment benefits fell less than expected last week, suggesting some cooling in the labor market, though conditions remain tight.
U.S. Labor Market Appears To Cool; Homebuilding Slumps As Rates Surge
The number of Americans filing new claims for unemployment benefits fell less than expected last week, suggesting some cooling in the labor market, though conditions remain tight.
Pages
- Promoted in Economy & Markets
- 1
- 2
- 3
- 4
- 5
Editor's pick
-
What's A Cardinal? The 'Princes' Of The Church Electing A New Pope
-
Trump's White House Creates Own Media Universe
-
Trump, Ukraine Propel EU And UK Towards Defence Pact
-
US President Trump And Canada's Carney Set For High-stakes Meeting
-
Disney Hacker Busted After AI Tool Scam Exposed—1.1TB Of Data Stolen In Massive Cyber Breach
-
Dollar Recovers Some Losses, Stocks Gain As Traders Eye Tariff Deals
