BENGALURU – The Reserve Bank of Australia will keep its cash rate unchanged on Tuesday as it waits for concrete signs of easing inflation, according to a Reuters poll of economists, who mostly still expect two rate cuts this year…

SEOUL  – South Korea’s exports likely rose in March for a second straight month on a growth in chip sales, a Reuters poll found on Friday, but economists warned of weakening momentum due to U.S. tariffs. Outbound shipments from Asia’s…

BENGALURU-The Reserve Bank of India will cut interest rates at a second straight meeting on April 9, with just one more cut expected in August, which would mark the shortest easing cycle on record, a Reuters poll of economists found….

TOKYO -Core consumer inflation in Japan’s capital stayed above the central bank’s target and accelerated in March on steady gains in food costs, data showed on Friday, keeping alive market expectations of a near-term interest rate hike. Service-sector inflation also…

TOKYO -Bank of Japan policymakers were at loggerheads this month over how soon they should raise interest rates again as some focused on domestic inflationary pressure and others on uncertainty over U.S. tariff policy, a summary of opinions at its…

HONG KONG – Big swings in stock markets and hedge fund activity have propelled Hong Kong’s derivative trading to unprecedented highs. The number of outstanding futures and options contracts on the city’s bourse has reached 22 million so far this…

LEXINGTON, Virginia – The Federal Reserve’s current “moderately restrictive” monetary policy is right for an environment with an abnormal amount of uncertainty and fast changes taking place in U.S. government policy, Richmond Fed President Tom Barkin said on Thursday. Barkin,…

BUENOS AIRES  -Argentina’s economic activity increased 6.5% in January compared with the same month last year, its highest year-on-year growth since mid-2022, official data showed on Thursday. The economy of the Latin American country registered its third consecutive month of…

MEXICO CITY  -The Bank of Mexico delivered a unanimous 50-basis-point interest rate cut to 9.00% on Thursday, highlighting progress on inflation but warning of heightened uncertainty relating to trade tensions and a weakening economy. The move, which was expected by…

LONDON  – The euro zone’s economic recovery may have been held back by households’ “misperception” of inflation and income, which has made them reluctant to spend, European Central Bank board member Isabel Schnabel said on Thursday. Policymakers and economists have…

MUMBAI  – India’s Axis Bank has partnered with J.P. Morgan to offer real-time U.S. dollar payment capabilities to commercial clients in the country, facilitated by Kinexys, the U.S-based lender’s blockchain and digital assets unit. This is the first instance where…

LONDON – If the Federal Reserve, a bedrock of global financial stability, were to withhold dollar funding to allies during times of stress, the world could greatly reduce its reliance on the currency, creating “a doubled-edged sword” for the U.S.,…

BUENOS AIRES – Argentina’s libertarian President Javier Milei said on Thursday that there was “no room” for a sharp devaluation of the local peso, addressing investor fears about a potential weakening of the currency that has driven a renewed flight…

British equities closed lower on Thursday, with mining stocks leading declines, after U.S. President Donald Trump announced new tariffs on all foreign-made vehicles and auto parts. Late on Wednesday, Trump announced a 25% tariff on imported cars and light trucks…

China stepped up fiscal support and accelerated the pace of government bond issuance to the highest on record in the first quarter of this year, according to Reuters calculations based on official data. WHY IT’S IMPORTANT Market watchers believe China…

NEW YORK -Bank of America saw an 80% jump in mortgage applications between January and March as buyers were tempted by increasing home inventory and lower long-term bond yields, an executive said. “We’re seeing a steady increase in home buying…

President Donald Trump’s permanent 25% tariff on imported autos has expanded the global trade war, feeding expectations for higher prices for cars and other products, but doing little to settle the debate about how policies of his two-month-old administration will…

Barclays said on Thursday it favors fixed income investments over equities for the first time in “several quarters” and warned global economic growth was at risk due to U.S. President Donald Trump’s escalating tariff policies. Despite hurdles such as rising…

MILAN/BERLIN -Shares in ProSiebenSat.1 fell sharply after the TV group controlled by Italy’s Berlusconi family made a low-ball bid to other investors in the German media group as part of a plan to strengthen its grip on the company. The…

BRASILIA -The Brazilian central bank’s economic policy director Diogo Guillen said on Thursday that when inflation expectations are unanchored, as they are now, interest rates need to be higher for longer. Guillen and central bank chief Gabriel Galipolo both stressed…

WASHINGTON -The International Monetary Fund is continuing to assess the impact of President Donald Trump’s tariff plans, including his new 25% auto tariffs, but the global lender’s baseline forecasts do not envision a U.S. recession, IMF spokesperson Julie Kozack said…

GENEVA -The United States has paused contributions to the World Trade Organization, three trade sources told Reuters, as U.S. President Donald Trump’s administration ramps up efforts to cut government spending. The Trump administration is retreating from global institutions it sees…

PANAMA CITY -First Quantum Minerals said on Thursday it would suspend public tours of its shuttered copper mine in Panama after the country’s president said the Canadian miner should not give the impression that the site is operational. In a…

SAO PAULO – Sugar cane crushing in Brazil’s center-south region during the first half of March fell almost 18% to 1.83 million metric tons versus the year-earlier period, industry group Unica said in a report published on Thursday. Sugar production…

BRASILIA – Brazil’s central bank raised its inflation projections on Thursday for the long-term despite anticipating weaker economic activity this year, and said that this scenario makes reaching its 3% target challenging. After forecasting inflation at 5.1% for 2025 last…

SAO PAULO  -Global Eggs, a company controlled by Brazilian entrepreneur Ricardo Faria, has agreed to buy U.S. egg producer Hillandale Farms for $1.1 billion, Faria told Reuters on Thursday. Global Eggs is based in Luxembourg and also operates Granja Faria…

European shares fell to a two-week low on Thursday, led by auto stocks after U.S. President Donald Trump’s plans for 25% import tariffs on all vehicles and foreign-made auto parts fuelled fears a trade war could slow global growth. The…

WASHINGTON – The number of Americans filing new applications for unemployment benefits slipped last week, while the jobless rate appeared to have held steady in March. Initial claims for state unemployment benefits fell 1,000 to a seasonally adjusted 224,000 for…

SAO PAULO – Brazil’s 12-month inflation rate accelerated slightly less than expected in early March but still hit its highest level in two years, official data showed on Thursday, as the Brazilian central bank continues to tighten monetary policy. Annual…