Dollar rally pauses ahead of US inflation test
By Rae Wee SINGAPORE (Reuters) – The dollar’s towering rally hit a speed bump on Wednesday as traders turned cautious ahead of a closely watched U.S. consumer inflation report due…
Economy
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UK stagflation risk adds pressure on Reeves after market volatility
By Suban Abdulla LONDON (Reuters) – British inflation figures will be closely watched on Wednesday as a sharp jump in government borrowing costs, concerns about domestic and global price pressures…
Pfizer appeals denial of $75 million claim in SEC case against Cohen hedge fund
NEW YORK (Reuters) – Pfizer (NYSE:PFE) on Tuesday appealed a federal judge’s refusal to award the drugmaker $75.2 million from a more than decade-old insider trading settlement involving billionaire Steven…
Japan manufacturers’ mood rebounds in Jan, outlook stays flat – Reuters Poll
By Kantaro Komiya TOKYO (Reuters) – Japanese manufacturers’ sentiment recovered in January after a dip last month thanks to better conditions for materials industries, but their outlook remains flat due…
South Korea’s import prices surge at fastest pace in five months as won weakens
SEOUL (Reuters) – South Korea’s import prices accelerated in December at the fastest pace in five months, central bank data showed on Wednesday, signalling renewed inflationary pressures due to a…
Morning Bid: Fleeting respite from yields, dollar; Indonesia sets rates
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. A pause in the global bond selloff took some wind out of the dollar’s sails and…
Canadian PM Trudeau to convene ministers on Trump’s inauguration day
By Ryan Patrick Jones (Reuters) – Canadian Prime Minister Justin Trudeau will hold a cabinet retreat on Jan. 20-21 focused on defending his country’s interests and boosting ties with the…
Biopharma industry eyes 2025 bounceback, grapples with uncertainty over Trump return
By Deena Beasley SAN FRANCISCO (Reuters) – The biopharmaceutical industry is aiming for a 2025 reversal of last year’s slump in investor returns but remains wary over what President-elect Donald…
U.S. posts record $711 billion deficit for first three months of fiscal 2025
WASHINGTON (Reuters) – The U.S. government posted an $87 billion budget deficit in December, reduced partly by a shift of benefit payments into November but capping a record $711 billion…
Argentina inflation ticks up to 2.7% in December, ends 2024 at 118%
BUENOS AIRES (Reuters) -Argentine monthly inflation ticked up slightly in December, data showed on Tuesday, though the annual rate continued to slow amid tough austerity measures and spending cuts being…