If the Supreme Court rules President Donald Trump's International Emergency Economic Powers Act (IEEPA) tariffs are illegal, U.S. companies would not only be in line to receive tariff refunds, but also billions of dolla…
Catie and Phil Allen should have been enjoying their first holiday in two-and-a-half years. Instead, they are at home ringing round for refunds that won't be paid.
Scotiabank strategists Shaun Osborne and Eric Theoret note USD/CAD is holding a tight sideways range near 1.38 with no domestic data, leaving the Canadian Dollar (CAD) driven by external factors and technicals.
Nordea analysts Jan von Gerich and Tuuli Koivu note that the European Central Bank (ECB) delivered a 25bp rate hike and signalled a bias toward further tightening as its projections show Eurozone inflation above target …
USD/JPY advances to around 154.15 on Thursday at the time of writing, up 0.40% on the day. The pair benefits from a rebound in the US Dollar (USD), supported by US data showing accelerating producer price pressures and …
TD Securities economists Eli Nir and Oscar Munoz raise their August core PCE forecast after stronger PCE-relevant components in the August PPI report. They now expect core PCE at 0.24% m/m and 3.3% y/y, with headline PC…
Borrowing costs climb in Europe and oil tops $105 a barrel as bank says growing price pressures in eurozone will be ‘longer lasting than we had anticipated’
Editor’s Note: The ETFs tracking benchmark indices, lede, economic data, and the headline were updated in the story.
In all the turmoil, investors now expect the European Central Bank to hike rates more than once this year at a time when the Federal Reserve is cutting. Does that really make sense? It's not unprecedented, but the bar f…
Good afternoon, the Vice-President and I welcome you to our press conference. I would like to thank President Nagel for his kind hospitality and express our special gratitude to his staff for the excellent organisation …
The U.S. Labor Department's August Producer Price Index (PPI) release is the primary focus for New York equity markets on Sept. 10. The prior session saw rising U.S. Treasury yields and surging oil prices chill investor…
The Euro (EUR) trades in a tight range at around 1.1640 against the US Dollar (USD) during the European trading session on Thursday. The major currency pair consolidates as investors await the European Central Bank’s (E…
Many mayors welcome power to impose tourist tax but industry warns of ‘irreparable harm’ and job losses
EUR/GBP trades with a modest positive bias on Thursday but stays within the narrow range that has been in place for more than a week.
A container ship approaches the Bab-el-Mandeb Strait on January 18, 2024 in Obock, Djibouti. Photo: VCG
Billionaire Alex Beard and his former deputy appear in London court over alleged payments to African officials
EUR/USD pushed toward 1.1650 yesterday before the Treasury announcement pulled the rug out. The move was accompanied by a fairly aggressive tightening in two-year rate differentials, driven almost entirely by higher Eur…
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Mayors in England are set to be given the power to introduce an overnight visitor levy on tourists, under plans being announced by the government later.
The Governing Council today decided to raise the three key ECB interest rates by 25 basis points. The conflict in the Middle East continues to generate inflation pressures, and inflation is set to remain well above targ…
GBP/USD remains stronger for the fourth successive day, trading around 1.3550 during the European hours on Thursday. The pair is maintaining a modest bullish bias as it holds above both the nine- and 50-day Exponential …
Primark has said it plans to launch a home delivery service in Britain, four years after it made its first foray into e-commerce.
Blowout NFP. US payrolls rose by 162,000 in August, beating the 55,000 forecast, while prior months were revised up by 55,000. Unemployment held at 4.1% and wage growth remained firm. The report raised the chance of a S…
Ryanair has said it will be “disputing” that any part of a passenger’s body was sucked outside when a window on one of its aircraft broke while in flight.