- — Japan to launch facility to support $550 billion investment under US trade deal
- Japans finance ministry said on Friday that it will set up an investment facility at a state-owned development bank to support a $550 billion investment package agreed in Tokyos tariff deal with Washington. Japan and the United States signed a memorandum of understanding on the details of the package this month, stating it would focus ...
- — Fed’s Goolsbee: with inflation rising, further rate cuts could be a mistake
- Federal Reserve Bank of Chicago President Austan Goolsbee on Thursday cautioned against further interest-rate cuts while inflation is still above the central banks 2% target, especially with the labor market showing signs of only mild cooling. Im still basically optimistic that were going to find that we havent left the golden path and rates can ...
- — UK banks press on with tokenised deposits after BoE stablecoin warning
- Britains biggest lenders are pushing ahead with plans to launch tokenised versions of customer deposits next year, a move that follows Bank of England Governor Andrew Baileys plea to prioritise the technology over stablecoins. Tokenisation typically refers to creating digital representations of assets such as deposits, stocks and bonds that are stored on a blockchain. ...
- — India says trade talks with US ‘constructive’, eyes early deal
- India said on Friday its officials held “constructive” talks with U.S. counterparts during a visit to Washington this week, and both sides agreed to continue discussions aimed at concluding a mutually beneficial trade deal soon. Both sides exchanged views on possible contours of the deal, the commerce ministry said in a statement. A delegation led ...
- — UK longer-term inflation expectations rise as BoE gauges price pressures
- Longer-term inflation expectations among the British public have risen this month, according to a survey published on Friday by bank Citi and opinion poll firm YouGov that underscores why the Bank of England is moving cautiously with interest rate cuts. The surveys measure of inflation expectations in five to 10 years time which are ...
- — UN cuts for 2026 mostly spare its elite, draft budget shows
- U.N. cost savings plans for next year envisage far smaller cuts to senior staff than to lower ranks, a draft budget document shows, a contrast likely to fuel division just as financial support for the institution is slipping. Secretary General Antonio Guterres wants to shrink the regular budget by 15% to improve efficiency and cut ...
- — EU business leader cautions on rapid growth of Chinese exports to Europe
- We really think that the Chinese government needs to focus on how to get back to a situation where demand and supply are better aligned than is the case today, Jens Eskelund, president of the European Union Chamber of Commerce in China, told Euronews in an interview. Jens Eskelund, president of the EU Chamber of ...
- — Erdogan hails ‘meaningful progress’ in his talks with Trump
- Turkish President Tayyip Erdogan said he and President Donald Trump had made meaningful progress on a range of regional and bilateral issues at their first meeting in the White House in six years, where they discussed defence cooperation and trade. However, a readout of Erdogans comments to reporters on his return trip from Washington made ...
- — BOJ likely to hike rates to 1.5% under Ueda, former board member predicts
- The Bank of Japan will probably raise its benchmark interest rate at least four more times to 1.5% before Governor Kazuo Uedas term ends in early 2028, former central bank board member Makoto Sakurai told Reuters. Sakurai, who retains close contact with incumbent policymakers, forecast another hike by year-end, two more increases in fiscal 2026, ...
- — Core inflation in Japan’s capital holds steady in September
- Core inflation in Japans capital held steady in September and stayed well above the central banks 2% target, data showed on Friday, as price pressures keep alive market expectations of a near-term interest rate hike. The data will be among information the Bank of Japan will scrutinise at its policy meeting on October 29-30, when ...
- — Fed’s Miran presses case for fast rate cuts, but other policymakers push back
- The Federal Reserve’s newest policymaker, Stephen Miran, continued on Thursday to press for sharp U.S. interest-rate cuts to prevent labor market collapse, saying his fellow central bankers are more scared than they should be that tariffs will drive inflation up. His colleagues universally argued for more caution, underscoring the uphill battle Miran faces as he ...
- — US consumer spending powers ahead in August; inflation picking up
- U.S. consumer spending increased slightly more than expected in August as households went on vacation and dined out, keeping the economy on solid ground as the third quarter progressed, while inflation continued to steadily pick up. The report from the Commerce Department on Friday suggested the economy has so far retained most of its momentum ...
- — Fed’s Barkin: Risks to both inflation, jobs, may be limited
- Richmond Federal Reserve President Thomas Barkin said Friday he sees limited risks of a big rise in either unemployment or inflation, letting the Fed balance its two goals as it debates further interest rate cuts. Our focus is more about balance, Barkin said in comments to be delivered at the Peterson Institute for International Economics. ...
- — Big banks win dismissal of Libor-rigging litigation in New York
- A federal judge on Thursday dismissed all remaining claims in a slew of antitrust litigation accusing large banks of conspiring to rig Libor, an interest rate benchmark that once underpinned hundreds of trillions of dollars of transactions, at investors’ expense. In a 273-page decision, U.S. District Judge Naomi Reice Buchwald said that despite 14 years ...
- — Fed’s Bowman says regulators to unveil Basel capital rule redo by early 2026
- The Federal Reserves top regulatory official said Thursday that bank agencies are poised to unveil a more industry-friendly version of contentious capital rules known as Basel III Endgame by the end of 2025 or early 2026. Fed Vice Chair for Supervision Michelle Bowman said the central bank is actively working with colleagues at the Federal ...
- — Trump says South Korea, Japan will pay billions ‘upfront’ in investment
- U.S. President Donald Trump insisted that South Korea would provide billions of dollars in investments upfront, despite Seouls contention that it would be plunged into a financial crisis if it met the U.S. demands without safeguards. Trumps remarks contradict South Koreas understanding of its trade deal with the United States, however, a government official told ...
- — Tariffs could weaken, but not yet reverse, the dollar’s reserve status, research shows
- The massive tariffs proposed by President Donald Trump on Liberation Day in April put the U.S. dollars role as the worlds anchor currency at risk, while the administrations eventual climbdown to more modest rates has likely left it secure, new economic research has concluded. The research found that the countrys exorbitant privilege, with the dollars ...
- — Trump slaps new US tariffs on drugs, trucks and furniture
- President Donald Trump on Thursday unveiled a fresh round of punishing tariffs on a broad range of imported goods, including 100% duties on branded drugs and 25% levies on heavy-duty trucks, set to come into force next week. The latest salvo, which Trump said was to protect the U.S. manufacturing industry and national security, follows ...
- — Global debt hits record of nearly $338 trillion, says IIF
- Global debt hit a record high of $337.7 trillion at the end of the second quarter, driven by easing global financial conditions, a softer U.S. dollar and a more accommodative stance from major central banks, a quarterly report showed. The Institute of International Finance, a financial services trade group, said that global debt rose over ...
- — How will the West use Russia’s frozen assets?
- The European Union is working on ways to finance Ukraines defence and reconstruction with Russian central bank assets immobilised in the West after Moscows invasion. The European Commission plan would allow European governments to use the roughly $300 billion of frozen Russian assets for Ukraine without confiscating them a red line for many of ...
- — German producer prices fall 2.2% y/y in August
- German producer prices fell more than expected in August, decreasing by 2.2% on the year, the federal statistics office reported on Friday. Analysts polled by Reuters had expected a 1.7% decline. The office publishes more detailed data on its website. Source: Reuters
As of 9/28/25 1:26am. Last new 9/27/25 10:55pm.
- Next feed in category: Shipping News - Security