Dollar winds down after volatile week, China NPC in focus
By Rae Wee SINGAPORE (Reuters) – The dollar took a breather on Friday, on track to cap off a wild week with a slight gain as markets weighed the impact…
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Japan household spending falls for second month in test for BOJ policy
By Satoshi Sugiyama TOKYO (Reuters) -Japanese household spending fell in September for the second straight month, government data showed on Friday, as higher prices choked consumers’ appetite in a discouraging…
Australian airports hit by outage at immigration counters
SYDNEY (Reuters) – A technical outage crippled all of Australia’s major airports on Friday, leading to long queues at international terminals after the disruption of automated kiosks for identity and…
Hong Kong central bank cuts interest rate after Fed move
HONG KONG (Reuters) – The Hong Kong Monetary Authority (HKMA) on Friday cut its base rate charged via the overnight discount window by 25 basis points to 5.0%, tracking a…
UK starting pay cools again, survey shows
LONDON (Reuters) – Britain’s labour market showed further signs of cooling last month, according to a survey that showed the weakest wage growth since early 2021, and tax increases in…
South Korea to respond if market volatility heightens excessively, finance minister says
SEOUL (Reuters) – South Korea’s finance minister said on Friday that authorities will respond in a timely manner if volatility heightens excessively in financial markets. Minister Choi Sang-mok said the…
Fed’s Powell says he will not quit even if asked by Trump
By Michael S. Derby (Reuters) – Federal Reserve Chair Jerome Powell said on Thursday he would refuse to leave office early if incoming President Donald Trump tried to oust him,…
Explainer-How Trump could influence the makeup of the Fed
(Reuters) – Federal Reserve Chair Jerome Powell on Thursday said he would not resign if asked to do so by President-elect Donald Trump, and said presidents do not have the…
Robinhood attorney, Republican regulators being considered for Trump financial agency short list
By Chris Prentice, Pete Schroeder, Svea Herbst-Bayliss and Michelle Price WASHINGTON (Reuters) – Trump transition team officials are considering retail brokerage Robinhood (NASDAQ:HOOD)’s top lawyer, as well as bank regulators…
Australian lender ANZ’s annual profit misses estimates as competition bites
(Reuters) -Australian lender ANZ Group reported lower-than-expected annual earnings on Friday as its margins were impacted by what it called a “challenging” period of intense deposit and lending competition and…