News
Trump taps ex-Fed insider Warsh to lead world’s top central bank
4+ hour, 29+ min ago (805+ words) WASHINGTON, Jan 30 (Reuters) " President Donald Trump on Friday chose former Federal Reserve Governor Kevin Warsh to head the U.S. central bank when Jerome Powell's leadership term ends in May, giving a frequent Fed critic a chance to put his idea of…...
Brazil bank lending beats central bank forecast with 10.2% rise in 2025
21+ hour, 26+ min ago (233+ words) BRASILIA, Jan 29 (Reuters) " Brazil's bank lending increased 10.2% in 2025, official data showed on Tuesday, exceeding the "central bank's forecast, driven mainly by stronger-than-expected household borrowing amid government credit-stimulus measures. President Luiz Inacio Lula da Silva's government announced in 2025 sweeping changes aimed…...
US stock index futures edge up as markets digest Big Tech earnings
1+ day, 17+ hour ago (456+ words) Jan 29 (Reuters) " U.S. stock index futures edged higher on Thursday, as investors weighed another surge in AI-related spending from the tech mega-caps and the Federal Reserve held rates steady as expected. Meta jumped 7.9% in premarket trading as "the social media giant…...
Bank of Canada expected to hold rates steady as economy weathers Trump tariffs
2+ day, 17+ hour ago (425+ words) OTTAWA, Jan 28 (Reuters) " The Bank of Canada is widely expected to leave its key interest rate unchanged on Wednesday after data in recent weeks showed the country's economy has largely been stable and in "line with the central bank's outlook…...
Hong Kong home prices post first annual gain since 2021
2+ day, 21+ hour ago (347+ words) HONG KONG, Jan 28 (Reuters) " Hong Kong private home prices rose 3.3% in 2025, marking the first rise since 2021, government data showed on Wednesday, as interest rate cuts and "declining housing inventory bolstered market sentiment. Home prices edged up 0.2% in December from November,…...
Minimum wage hike helps lift German consumer sentiment in February, finds GfK
2+ day, 21+ hour ago (445+ words) BERLIN, Jan 28 (Reuters) " The mood among German consumers is set to improve in February, lifted by a sharp rise in income expectations following an increase in the minimum'wage since the start of the year as "well as reduced inflation fears,…...
FX intervention justified if yen moves rapid, Japan business lobby head says
3+ day, 20+ hour ago (131+ words) TOKYO, Jan 27 (Reuters) " Currency intervention would be justified if it is "aimed at arresting rapid moves in the yen, Yoshinobu Tsutsui, head of Japan's biggest business lobby "Keidanren, said on Tuesday. "We "welcome the fact that the demerits caused by…...
Pakistan central bank holds key rate at 10.5%, defying expectations
4+ day, 12+ min ago (516+ words) By Ariba Shahid and Saad Sayeed KARACHI, Pakistan, Jan 26 (Reuters) " Pakistan's central bank held its key policy rate unchanged at 10.50% on Monday, defying market expectations for further easing as policymakers cited the need to ensure price stability and support sustainable…...
UK businesses and consumers show signs of recovery as budget worries recede
4+ day, 12+ min ago (447+ words) LONDON, Jan 26 (Reuters) " Britain's economy has shown signs of picking up since finance minister Rachel Reeves' annual budget statement in November, following months of uncertainty for employers and households. Surveys published last week indicated that businesses had their "best month…...
German savings banks group forecasts 1% GDP growth in 2026
4+ day, 12+ min ago (187+ words) BERLIN, Jan 26 (Reuters) " Germany's economy is set for a modest rebound in 2026 after three "years of stagnation, Germany's savings banks association DSGV said on Monday, forecasting gross domestic product growth of 1%. "A moderate upswing is a good sign, but the…...