Nov 29, 2024 | Markets
Yen was leading gains among peers as bets on BOJ hike rise Dollar rally due to pause after election euphoria: Jefferies The US dollar is heading for the biggest weekly loss in a year, pulling back from the sharp run up fueled by speculation that Donald Trump’s...
Nov 28, 2024 | Markets
Plan to cut government spending falls flat with investors Currency is down 19% this year, the worst among majors The Brazilian real dropped to a record low and stocks slumped the most since early 2023 as a proposal to cut some $12 billion in public spending...
Nov 28, 2024 | Markets
Investors are seeking austerity as public debt rises The Brazilian real fell to an all-time low on Thursday Brazil Finance Minister Fernando Haddad unveiled a long-sought plan to cut 70 billion reais ($11.8 billion) from public spending through 2026 as investors’...
Nov 28, 2024 | Markets
France’s bonds have been underperforming peers on budget risks Investors await S&P credit rating update due on Friday France’s benchmark bond yield matched Greece’s for the first time on record, the latest milestone in a week marked by mounting anxiety over the...
Nov 28, 2024 | Markets
Fears of counterfeit $50 and $100 bills have disrupted foreign-exchange trade at Istanbul’s Grand Bazaar. Some bureaus at the bazaar, a traditional hub for currency trading, stopped purchasing the bills, saying the counting machines they use can’t identify the fake...
Nov 27, 2024 | Markets
Competitors complain Microsoft locks customers into its cloud service FTC earlier set the stage for probe into Microsoft’s role in AI market Investigation’s future uncertain under Trump administration The U.S. Federal Trade Commission has opened a broad...
