Yen set for best week in over a month on BOJ rate hike bets
By Ankur Banerjee SINGAPORE (Reuters) – The yen was poised for its strongest weekly performance in over a month as expectations grow that the Bank of Japan will raise rates…
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Trump’s Treasury pick Bessent says US must keep oversight of Treasuries
NEW YORK (Reuters) – The United States should keep oversight of potential problems in the U.S. bond market, President-elect Donald Trump’s Treasury Secretary pick Scott Bessent told Congress on Thursday,…
Advertisers with ‘hair on fire’ brace for US TikTok ban
By Katie Paul NEW YORK – Advertisers reliant on TikTok as a major digital marketing tool rushed to prepare contingency plans this week, as the realization dawned on many that…
SEC settles charges against US hedge fund over investment model vulnerabilities
By Kanishka Singh WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Thursday settled charges against hedge fund Two Sigma over failure to address known vulnerabilities in its investment…
China expected to hit 2024 GDP target, but tariffs loom
By Kevin Yao BEIJING (Reuters) – China’s economy likely rebounded in the fourth quarter as several rounds of policy stimulus kicked in, enabling the government to largely meet its 2024…
Trump’s US Treasury pick says question of debt limit repeal is ‘nuanced’
(Reuters) – Scott Bessent, U.S. President-elect Donald Trump’s choice to head the Treasury Department, on Thursday said the question of eliminating the U.S. debt limit is “nuanced,” but said if…
Brazil final tax rate slightly higher than the one approved by Congress, special tax secretary says
SAO PAULO (Reuters) – The final version of the Brazilian tax reform sanctioned on Thursday by Brazil President Luiz Inacio Lula da Silva is slightly higher than the one approved…
Morning Bid: Awaiting China data deluge, US yields drift lower
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Relief from the positive U.S. and UK inflation surprises this week appears to have evaporated, at…
Fed’s Goolsbee says he feels more comfortable that labor market is stabilizing, WSJ reports
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said he feels more comfortable that the labor market is stabilizing, the Wall Street Journal reported on Thursday. “I have over…
Tear down barriers to growth, UK finance minister tells regulators
LONDON (Reuters) – Finance minister Rachel Reeves has urged Britain’s regulators to remove barriers to economic growth, tasking them with creating a regulatory environment that boosts investment and innovation. In…