Analysis-Asia’s worries over currency volatility get in the way of rate cuts
(Reuters) – A spurt in the U.S. dollar and China’s defence of the yuan are forcing Asian central banks to…
Factbox-Governments race to regulate AI tools
(Reuters) – Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree laws…
Dollar shine fades as risk appetite rebounds for now
(Reuters) – The dollar eased from recent 10-weak peaks on Tuesday as global risk appetite recovered after being hurt by…
Facebook owner Meta asks Norway court to halt privacy fine
(Reuters) – Meta Platforms on Tuesday asked a court in Norway to stop a fine that the country’s data regulator…
Robust equities erode gold’s safe-haven allure as ETF holdings fall
(Reuters) – Receding fears of a U.S. slowdown, surging bond yields and the robust performance of equities have gradually eroded…
China state banks seen mopping up offshore yuan to stem currency weakness
(Reuters) -China’s major state-owned banks were seen actively mopping up the offshore yuan on Monday, three people with knowledge of…
Fed’s long-term GDP outlook is dismal; the economy hasn’t got the message yet
(Reuters) – After puzzling for years over the sluggish U.S. rebound from the 2007-2009 recession, the Federal Reserve had a…
China unveils measures to revive stock market
(Reuters) – China’s securities regulator unveiled a package of measures on Friday aimed at reviving a sinking stock market, but…
Take Five: Summer at Jackson Hole
(Reuters) – It’s summer camp season and not to be left out, U.S. rate setters and overseas pals gather in…
Walmart lifts forecasts as bargain-minded shoppers seek out low-priced groceries
(Reuters) – Walmart Inc raised its full-year forecasts and beat second-quarter sales and profit estimates on Thursday, citing strong demand…