Dollar Eyes Fed Minutes ahead of Jobs Report and Tariffs
The Fed will release the minutes from its June policy meeting on Thursday, at 1800 GMT. Not only did policymakers raise interest rates for a second time this year at that gathering, they also revised higher their rate-path projections to...
Canadian Dollar Quiet, Investors Eye FOMC Minutes
The Canadian dollar is unchanged in Wednesday trading. Currently, USD/CAD is trading at 1.3147, up 0.06% on the day. On the release front, there are no Canadian or U.S events. Markets in the U.S are closed for the Fourth of...
Sterling Jumps after PMI Hat Tricks, Gains Limited in Subdued Market
Activity in the financial markets are relatively muted today with the US on holiday. European indices are mixed in tight range with FTSE dropped -0.2%, DAX down -0.3%, CAC up 0.1% at the time of writing. In the currency markets,...
Goldman signals Brazilian focus
Goldman Sachs believes that the changing role of BNDES in Brazilian infrastructure finance will lead to a boom for it and other private-sector financiers. The bank, which appointed the former president of BNDES Maria Silvia Bastos Marques as its country...
Investors Look to Safe Havens as Trade Worries Linger
Here are the latest developments in global markets: FOREX: With US markets being closed for Independence Day and trade risks discouraging investors from buying the dollar ahead of a deadline on Friday, when US import tariffs on $34 billion Chinese...
Germany’s massive trade surplus ‘is becoming toxic,’ economist says
Germany exporting more than it imports is becoming a big problem for its economy, a director from the country’s closely-watched Ifo Institute said Wednesday. “(The trade surplus) is turning out to be an increasing issue, not just with the U.S....
Poor wage growth down to ‘superstar’ tech firms, OECD says
The emergence of “superstar” tech firms is hurting the pay packets of workers, the Organization for Economic Cooperation and Development (OECD) said Wednesday. The OECD’s annual employment outlook said wage growth in many countries it examined is failing to keep...
Dollar Broadly in Red ahead of Holiday, Risk Aversion Continues
Investor sentiments remain generally pessimistic. US stocks attempted for rebound in shortened session overnight but failed. DOW ended losing -132.36 pts or -0.54%. S&P 500 dropped -0.49% while NASDAQ declined -0.86%. Safe haven flows limited treasuries with 10 year yield...
India’s massive state banks are in trouble. That’s great news for some
India’s banking sector crisis has left most state lenders hamstrung with mounting levels of bad loans, investigations into fraud and restricted growth opportunities. Amid that storm, private banks are set to emerge as winners. India’s public-sector financial institutions control about...
Ex-Bank of America exec claims wrongful termination, defamation and seeks at least $20 million
It began as an ordinary night for six Bank of America employees, who were out to celebrate the holidays. In mid-December, the members of the firm’s prime brokerage — a division that caters to hedge funds — had gathered at...
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