Lawmakers urge USTR to push for extension of WTO's moratorium on digital trade

A bipartisan group of U.S. lawmakers urged U.S. Trade Representative Katherine Tai to push during World Trade Organization meetings this week for an extension of a moratorium on tariffs on digital trade that has been in place since 1998.

newspaper

13-06-2022

UK's FCA puts Credit Suisse on watchlist in need of stricter supervision -FT

The UK's Financial Conduct Authority has put Credit Suisse on a watchlist of institutions in need of stricter supervision, the Financial Times reported late on Sunday, citing a letter sent in May.

newspaper

12-06-2022

Dollar rises as hot U.S. inflation data seen keeping Fed hawkish

NEW YORK (Reuters) -The dollar climbed to a near four-week high against a basket of currencies on Friday, after data showed U.S. consumer prices accelerated in May, strengthening expectations the Federal Reserve may have to continue with interest rate hikes through September to combat inflation.

newspaper

10-06-2022

Brazil raises about $6 billion in Eletrobras shares in world's No.2 offering of the year

RIO DE JANEIRO/SAO PAULO (Reuters) -Brazil's government on Thursday night moved forward with its bid to privatize Eletrobras, Latin America's largest utility, as the share offering through which its stake in the company is set to be diluted was priced.

newspaper

10-06-2022

Dollar up as hot U.S. inflation data backs case for Fed rate hikes

NEW YORK (Reuters) -The dollar rose to a near four-week high against a basket of currencies on Friday, after data showed U.S. consumer prices accelerated in May, suggesting the Federal Reserve may have to continue with interest rate hikes through September to combat inflation.

newspaper

10-06-2022

Japanese yen jumps after authorities sound intervention warning

The Japanese yen jumped on Friday after the government and the central bank in a rare joint statement expressed concern about the yen's recent slide to hit two-decade lows.

newspaper

10-06-2022

Japan edges closer to intervention in yen after rare gov't, cbank joint statement

Japan's government and central bank said on Friday they were concerned by recent sharp falls in the yen in a rare joint statement, the strongest warning to date that Tokyo could intervene to support the currency which has sunk to 20-year lows.

newspaper

10-06-2022

Striking South Korean truckers target chips, put brakes on port activity

ULSAN, South Korea (Reuters) -Defiant South Korean truckers embarked on broader and more aggressive strike action on Friday, threatening to severely curtail deliveries of raw materials for semiconductors and petrochemical products.

newspaper

10-06-2022

Dollar takes breather ahead of U.S. inflation test

The dollar edged off a two-week high on the euro on Friday, ahead of inflation data that should guide the Federal Reserve's policy tightening path, and after the European Central Bank said it would start its rate-hike campaign next month.

newspaper

10-06-2022