From Brazil to South Korea, emerging-market central banks are forming a line of defense as a rising dollar pushes their currencies to multi-year lows.Bangko Sentral ng Pilipinas is watching the peso’...
Federal Reserve officials lowered their benchmark interest rate for a third consecutive time, but reined in the number of cuts they expect in 2025, signaling greater caution over how quickly they can...
19/12/2024
Nissan and Honda are in exploratory talks about a merger of the two carmakers that would create a $52bn Japanese behemoth, said people briefed on the matter.The two companies are studying a way to...
18/12/2024
A key real estate industry group is suing New York City over its law that requires landlords to pay fees for the brokers they hire.The Real Estate Board of New York and other groups said in a lawsuit...
17/12/2024
Bashar al-Assad’s central bank airlifted around $250mn in cash to Moscow in a two-year period when the then-Syrian dictator was indebted to the Kremlin for military support and his relatives were...
16/12/2024
China’s economy likely maintained momentum last month, with early indicators pointing to further stabilization as a broad package of stimulus measures took effect.Industrial output and retail sales...
13/12/2024
Fresh inflation figures are likely to make the Federal Reserve more cautious about the pace of interest-rate cuts — but not quite yet.Investors still widely expect the US central bank to cut...
12/12/2024
The Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine just weeks before Donald Trump returns to...
11/12/2024
Gold steadied after an advance as traders shifted focus to key US inflation reports due this week that may shape expectations ahead of the Federal Reserve’s final interest-rate decision of the year....
10/12/2024
President-elect Donald Trump said he has no plans to replace Federal Reserve Chair Jerome Powell once he returns to the White House, saying “I don’t see it.”Powell, whose term as Fed chair expires in...
09/12/2024