Euro crumbles; traders wait on U.S. consumer test

SYDNEY (Reuters) – The euro was huddled at a 16-month low on Tuesday while the dollar was firm as traders awaited U.S. retail sales data, wary a strong reading could stoke inflation and add pressure on the Federal Reserve to hike rates.FILE PHOTO: The European Central Bank (ECB) presents the

Japan's wholesale inflation hits 40-year high as fuel costs spike

TOKYO (Reuters) – Japan’s wholesale inflation hit a four-decade high in October, following a similar spike in China’s factory gate prices as supply bottlenecks and rising commodity costs threatned Asian corporate profits.FILE PHOTO: People walk at a crossing in Shibuya shopping area, amid the coronavirus disease (COVID-19) pandemic, in Tokyo,

BOJ policymakers stress need to keep easy policy on weak inflation

TOKYO (Reuters) – Bank of Japan (BOJ) policymakers see the need to maintain ultra-easy policy as inflation is rising only modestly and wage growth remains feeble, a summary of opinions from their October meeting showed on Monday.FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank

Marketmind: Dovish Fed taper, now hawkish BoE?

A look at the day ahead from Danilo Masoni.Slideshow ( 2 images )Well done Mr. Powell! The Federal Reserve Chair looks to have managed to sell the dialling back of the bank’s massive stimulus programme as a dovish taper and investors can now return to the joys of stock markets

Stocks rise as Fed tapers without tantrums, BoE takes the stage

SYDNEY (Reuters) – Share markets firmed on Thursday after the U.S. Federal Reserve engineered an orderly start to unwinding its massive stimulus programme, though doubts about the inflation outlook did push up longer-dated bond yields.FILE PHOTO: A woman wearing a protective mask, amid the COVID-19 outbreak, walks past an electronic

Sterling, euro gain on dollar after Fed announces taper

HONG KONG (Reuters) – The dollar lost ground on the euro and sterling on Thursday after the U.S. Federal Reserve said it would not rush to raise interest rates even as it began unwinding its pandemic-era stimulus.FILE PHOTO: Dollar, Euro and Pound banknotes are seen in this picture illustration taken

Leaders at global climate talks pledge to cut methane and save forests

GLASGOW (Reuters) -Leaders at the COP26 global climate conference www.reuters.com/business/cop in Glasgow have pledged to stop deforestation by the end of the decade and slash emissions of the potent greenhouse gas methane to help slow climate change.A person walks past a sign during the UN Climate Change Conference (COP26) in

Aussie drops as RBA sounds dovish tone in busy cenbank week

LONDON (Reuters) – Australia’s dollar fell on Tuesday after the Reserve Bank of Australia sounded a more dovish tone than expected, in the first of several meetings of central banks this week.FILE PHOTO: An Australia dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/IllustrationAttention now turns

China's Modern Land says bond default triggers earlier repayment deadlines, pulls dividend

FILE PHOTO: Men work at the construction site of a highrise building in Beijing, China, October 18, 2021. REUTERS/Thomas Peter(Reuters) – Chinese developer Modern Land (China) said on Monday a default on a bond repayment last week has pulled forward repayment dates for a further $321 million worth of notes,

Dollar holds firm as Fed decision looms; yen dips on LDP victory

TOKYO (Reuters) – The dollar traded near a 2 1/2-week high to major peers on Monday as quickening inflation in the United States boosted the case for earlier Federal Reserve interest rate hikes.FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in