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    China’s yuan briefly hits weakest against dollar since Nov 2023

    China’s yuan briefly hits weakest against dollar since Nov 2023

    05 Jan 2025

    China’s yuan hit a 14-month nadir on the first trading day of 2025, but it quickly bounced from lows of 7.31 per dollar, which traders say could reflect authorities’ desire...

    US central bank’s job on taming surging inflation is not yet done

    US central bank’s job on taming surging inflation is not yet done

    05 Jan 2025

    Two Federal Reserve policymakers said they feel the US central bank’s job on taming inflation is not yet done, but also signaled they do not want to risk damaging the...

    Biden’s decision to block Nippon Steel takeover creates uncertainty

    Biden’s decision to block Nippon Steel takeover creates uncertainty

    05 Jan 2025

    By blocking a Japanese company’s takeover of US Steel, President Joe Biden said he was protecting good jobs in the American heartland. He may be putting them at risk instead.In...

    Trump’s first actions and job data to test market in January

    Trump’s first actions and job data to test market in January

    29 Dec 2024

    After closing the books on a banner year for US stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power...

    US registers 18.1 per cent record increase in homelessness this year

    US registers 18.1 per cent record increase in homelessness this year

    29 Dec 2024

    The United States saw an 18.1% increase in homelessness this year, a dramatic rise driven mostly by a lack of affordable housing as well as devastating natural disasters and a...

    Dollar set for big annual gain as traders brace for high US rates

    Dollar set for big annual gain as traders brace for high US rates

    27 Dec 2024

    The US dollar headed towards an almost 7% annual gain on Friday and Japan’s yen for a fourth consecutive year of losses as traders anticipated robust US growth would make...

    Starbucks workers’ union strikes across US as talks hit impasse

    Starbucks workers’ union strikes across US as talks hit impasse

    22 Dec 2024

    Some members of the Starbucks workers’ union that represents more than 10,000 baristas walked off their jobs in multiple US cities, citing unresolved issues over wages, staffing and schedules.The five-day...

    US stock futures pare losses after inflation data

    US stock futures pare losses after inflation data

    20 Dec 2024

    US stock index futures pared some declines on Friday after data showed inflation in the world’s largest economy cooled slightly last month, while European shares came under fire after Donald...

    SoftBank CEO to announce $100b investment in US

    SoftBank CEO to announce $100b investment in US

    16 Dec 2024

    SoftBank Group CEO Masayoshi Son will announce a $100 billion investment in the United States over the next four years during a Monday visit to USPresident-elect Donald Trump’s residence, Mar-a-Lago,...

    Yellen won't rule out sanctions on Chinese banks, curbs on oil tankers

    Yellen won't rule out sanctions on Chinese banks, curbs on oil tankers

    14 Dec 2024

    US Treasury Secretary Janet Yellen told Reuters on Friday that the US is looking at further sanctions on 'dark fleet' tankers and will not rule out sanctions on Chinese banks...

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