Asia shares edge higher, data-packed week ahead
A man walks past an electric monitor displaying Nikkei share average and the Japanese yen exchange rate against the U.S....
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Hungary central bank to cut one-day deposit rate by 100 basis points next week
BUDAPEST, Aug 25 (Reuters) - Hungary's central bank is expected to continue its 100 bps rate cuts next week to...
Fed’s Powell: higher rates may be needed, will move ‘carefully’
JACKSON HOLE, Wyoming, Aug 25 (Reuters) - The Federal Reserve may need to raise interest rates further to cool still-too-high inflation, Fed Chair Jerome Powell said on Friday, promising to move with care at upcoming meetings as he noted both progress made on easing price pressures as well as risks from the surprising strength of the U.S. economy."We will proceed carefully as we decide whether to tighten further or, instead, to hold the policy rate constant and await further data," Powell said in a keynote address to the Jackson Hole...
Dollar up as Chair Powell says Fed may need to raise interest rates further
U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNEW YORK, Aug...
European stocks edge up, euro dips on ECB rate pause expectations
LONDON, Aug 25 (Reuters) - European shares edged higher and the euro fell to its lowest since mid-June on Friday...
Morning Bid: Dollar rockets as Powell trumps AI
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City,...
Oil slips as investors turn cautious ahead of Fed Chair remarks
An aerial view shows tugboats helping a crude oil tanker to berth at an oil terminal, off Waidiao Island in...
Pound drops as worsening growth outlook dampens BoE hike bets
Pound banknotes are seen in this illustration taken March 1, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsLONDON, Aug 24 (Reuters) -...
What is a BRICS currency and is the U.S. dollar in trouble?
Delegates walk past the logos of the BRICS summit during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. GIANLUIGI GUERCIA/Pool via REUTERS Acquire Licensing RightsJOHANNESBURG, Aug 23 (Reuters) - Brazil's President called on Wednesday for the BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their vulnerability to dollar exchange rate fluctuations.Luiz Inacio Lula da Silva made the proposal at a BRICS summit in Johannesburg.Officials and economists have pointed out the...
Bounce in European property stocks: false start or turning point?
MILAN, Aug 24 (Reuters) - It's hard to be bullish about real estate in an environment of sharply higher interest...
