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Trump’s US Treasury pick Bessent says dollar must remain world’s reserve currency

January 16, 2025

By David Lawder and Lawrence Delevingne WASHINGTON (Reuters) -Scott Bessent, U.S. President-elect Donald Trump’s choice to head the Treasury Department, on Wednesday vowed

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Toyota unit Hino Motors reaches $1.6 billion US diesel emissions settlement

January 16, 2025

By David Shepardson (Reuters) -Toyota Motor unit Hino Motors has agreed a $1.6 billion settlement with U.S. agencies and will plead guilty over

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Bank of Korea unexpectedly holds policy rate amid won slide

January 16, 2025

By Cynthia Kim and Jihoon Lee SEOUL (Reuters) – South Korea’s central bank unexpectedly left its policy interest rate unchanged on Thursday, weighing

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Yellen says Trump’s plan for new revenue agency won’t save money for taxpayers

January 16, 2025

By Andrea Shalal NEW YORK (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday U.S. President-elect Donald Trump’s plan to set up

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Apple smartphone shipments from China fell 25% in Q4, Canalys says

January 16, 2025

BEIJING (Reuters) – Apple (NASDAQ:AAPL) smartphone shipments in China fell 25% in the fourth quarter, while Huawei’s rose 24%, data from research

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Bank of Korea keeps interest rates unchanged amid political turmoil

January 16, 2025

Investing.com– South Korea’s central bank unexpectedly kept interest rates unchanged on Thursday amid heightened political uncertainty in the country after the recent

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Venezuela inflation was 48% year-on-year in 2024, Maduro tells lawmakers

January 16, 2025

CARACAS (Reuters) – Venezuela inflation was 48% annually in 2024, the lowest in 12 years, Venezuelan President Nicolas Maduro told lawmakers in

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Japan firms face serious labour crunch from aging population, survey shows

January 16, 2025

TOKYO (Reuters) – Two-thirds of Japanese companies are experiencing a serious business impact from a shortage of workers, a Reuters survey showed

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Analysis-Inflation revival persists as market risk despite CPI-fueled rally

January 15, 2025

By Suzanne McGee and Saqib Iqbal Ahmed (Reuters) – A relatively benign U.S. reading on consumer price increases triggered a sharp relief rally

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Morning Bid: Global inflation relief lifts bond yield gloom

January 15, 2025

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets.  At last, some breathing room for investors after U.S. and

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Irish parties pledge increased investment after coalition deal

January 15, 2025

By Padraic Halpin and Conor Humphries DUBLIN (Reuters) – Ireland’s two major centre-right parties finalised a coalition deal with independent lawmakers on Wednesday

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US businesses wary of Trump policy impacts, Fed survey shows

January 15, 2025

By Ann Saphir (Reuters) -The U.S. economy ended 2024 with a slight to moderate increase in activity and a tick upward in employment,

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Cooling inflation eases rate jitters, but Macquarie continues to see just one cut

January 15, 2025

Investing.com — The surprise dip in core inflation in December eased some jitters about a long Federal Reserve pause, but Macquarie is

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Drake sues longtime label UMG for defamation over Kendrick Lamar’s ‘Not Like Us’

January 15, 2025

By Jonathan Stempel NEW YORK (Reuters) – Drake sued his longtime label on Wednesday, accusing Universal Music Group (AS:UMG) of defamation for promoting

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Hedge funds increased bearish bets ahead of Friday’s blowout US jobs report, banks say

January 15, 2025

By Carolina Mandl NEW YORK (Reuters) – Global hedge funds added more bets against U.S. stocks over the last week through Jan 9,

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Fed hawks and doves: what US central bankers are saying

January 15, 2025

(Reuters) – U.S. central bankers project more limited interest-rate cuts in 2025 than the full percentage point of reductions they delivered in

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