By Michael S. DerbyThe Federal Reserve's rebuild of money market liquidity is pointing to a quiet turn of the quarter, market participants say, as ample central bank cash depresses the volatility that often emerges around such calendar dates.Heading into the quarter-end, market participants do not…
By David LawderU.S. President Donald Trump's administration is expected to formally declare on Wednesday that it will not extend the U.S.-Mexico-Canada Agreement on trade, starting a decade-long clock to wind down the 32-year-old North American free trade zone as the three countries haggle over pro…
By Howard SchneiderThe Supreme Court may have reaffirmed the U.S. Federal Reserve's independence, but in a pair of rulings also left the central bank isolated as possibly the last agency able to wield executive power based on expertise free of the threat of its officials being fired by the presiden…
UK 10-year gilt yields fell to 4.71%, near two-month lows, as bond markets remained calm while investors awaited news on the new Treasury leader to replace Rachel Reeves.Markets looked past immediate fiscal concerns tied to a likely Andy Burnham premiership, with the new Chancellor’s identity expec…
The annual change in the consumer price index was just 1.8% in June, according to preliminary estimates from the statistical agency Insee, down from 2.4% in May.This was the lowest rate of inflation in three months and well below the 2.1% level expected by analysts.Energy prices were still 11.2% hi…
Building evidence over the economic fallout from the energy price shock in the eurozone has put the euro under increased selling pressure, MUFG Bank's Lee Hardman says in a note. Eurozone economic data have been worse than expected on balance since April, encouraging market participants to scale ba…
By Edith HancockThe European Union will limit the amount of tariff-free steel its member states can import from Wednesday, as part of officials' efforts to protect its steel industry from overcapacity from countries like China.The bloc's new system would cut tariff-free steel import volumes by 47…
Japan's Economy Minister, Minoru Kiuchi, said on Tuesday he hopes the central bank guides monetary policy in a way that helps the government achieve a stronger economy."Specific monetary policy decisions fall under the jurisdiction of the BOJ," Kiuchi told a news conference.But the BOJ law also has…
Italian EU-harmonised consumer prices (HICP) rose 0.1% in June from the month before, with the annual inflation rate slowing to 3.1% from May's 3.2%, preliminary data showed on Tuesday, amid high energy costs due to turmoil in the Middle East.The reading was slightly below a median forecast in a Re…
India recorded its driest June in more than a decade and the fifth driest since record-keeping began in 1901, with monsoon rainfall 39.8% below the long-term average, weather department data showed on Tuesday.The rainfall deficit, caused by the delayed advance of the annual monsoon, has slowed the…
Ras Al Khaimah, United Arab Emirates – Under sponsorship of Ras Al Khaimah Chamber of Commerce and Industry and in a step that reflects success of the initiative in turning the innovative ideas into real economic projects, Emirati citizen Mira Ibrahim Abdullah Al Jamali, winner of “RAK Talent Award…
Dubai – PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates a multi-brand portfolio of hotels and resorts, has expanded its digital transformation strategy through a landmark partnership with Hudini. The agreement will see PPHE use Hudini’s integrated…
Central European currencies were little moved on Tuesday as investors assessed news from the Middle East and digested lower-than-expected inflation in Poland.Iranian and U.S. negotiating teams were due in Doha this week, but Iran said on Monday no meeting had been scheduled as weekend missile fire…
Retail sales in Greece fell 0.1% year-on-year in April 2026, reversing a 3% increase in the previous month and marking the first annual decline since September 2025.Sales in the automotive fuel sector dropped 7.4% after remaining unchanged in March, while the non-food sector excluding automotive fu…
Belgium's producer prices rose 9.7% year-on-year in May 2026, up from 8.7% in April and marking the strongest increase since January 2023.Price growth accelerated in both domestic and foreign markets, to 9.1% from 8.2% and 11.3% from 9.7%, respectively.By sector, manufacturing posted the largest in…
Investors lower their expectations of the Bank of England increasing interest rates in 2026 as oil prices fall and inflation concerns ease. "For now, cheaper crude is a clear macro positive, easing headline inflation pressure across importers," Tickmill Group's Patrick Munnelly says in a note. Inve…
Ukraine will revise nuclear plant maintenance schedules and seek to increase electricity imports from Eastern European countries, its energy minister said on Tuesday as Ukrainians braced for the return of hourly power cuts.
By Edith HancockThe European Union will limit the amount of tariff-free steel its member states can import from Wednesday, as part of officials' efforts to protect its steel industry from overcapacity from countries like China.The bloc's new system would cut tariff-free steel import volumes by 47…
By Leigh ThomasFrance's already heavy debt burden is at risk of rising steadily higher unless the government delivers deeper spending cuts and restarts stalled pension reforms, the OECD warned on Tuesday, as slowing growth adds pressure on public finances.The Organisation for Economic Co-operation…
South Africa's formal sector employment, excluding agriculture, fell 0.8% quarter on quarter to 10.468 million people in the first quarter of 2026, statistics agency data showed on Tuesday.
