Dollar rides ‘Trump trade’ toward third weekly rise
By Tom Westbrook SINGAPORE (Reuters) – The dollar headed for a third weekly gain in a row on Friday, helped by a dovish European Central Bank and strong U.S. data…
Economy
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Trump, Harris would both take pragmatic approach to IMF, World Bank, Georgieva says
By David Lawder WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that she expected U.S. presidential candidates Donald Trump and Kamala Harris would both take…
Sam Altman’s rebranded Worldcoin ramps up iris-scanning crypto project
By Anna Tong SAN FRANCISCO (Reuters) – – Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, said on Thursday it was rebranding to World Network and was ramping…
Chile central bank cuts interest rate to 5.25%
SANTIAGO (Reuters) -Chile’s central bank on Thursday said it was cutting its benchmark interest rate to 5.25% from a previous level of 5.50%, in a unanimous decision in line with…
Morning Bid: Waiting for the big one .. China GDP
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Anyone hoping for a quiet end to the trading week in Asia will be disappointed, as…
IMF’s Georgieva says China can no longer rely on exports for growth
By David Lawder WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva told Reuters on Thursday that China is too large to continue relying on exports to drive its…
Foreign holdings of US Treasuries soar to all-time peak in August, data shows
NEW YORK (Reuters) – Foreign holdings of U.S. Treasuries surged to a record high in August, data from the Treasury Department showed on Thursday, rising for four straight months. Holdings…
White House warns China using overproduction for global dominance
WASHINGTON (Reuters) – Data showed that China had a significant overcapacity and was making far more goods than it needs in order to overtake global markets, White House official Daleep…
Yellen says high US tariff wall ‘deeply misguided’, would raise prices
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will say on Thursday that walling off the U.S. economy as proposed by Republican presidential candidate Donald Trump would…
Ray-Ban maker EssilorLuxottica misses sales expectations as China slows
By Alban Kacher and Pauline Foret (Reuters) -Franco-Italian eyewear maker EssilorLuxottica missed third quarter revenue expectations on Thursday, dented by a slowdown in consumer spending in China. Group revenue for…