Governor of the Bank of France Francois Villeroy de Galhau attends a press conference after the Franco-German Financial Council meeting in Berlin, Germany, September 23, 2016. REUTERS/Axel Schmidt Italian voters’ defeat of a referendum on constitutional reform... More »
Bank of England governor Mark Carney poses with a new polymer five pound note at Whitecross Street Market in London, Britain September 13, 2016. REUTERS/Stefan Wermuth/File Photo The Bank of England said its supplier of currency, Innovia, is working toward rem... More »
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, as two paramilitary police officials patrol around it in Beijing November 20, 2013. REUTERS/Jason Lee/File Photo China said on Monday it will stick to its opening up poli... More »
Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing, China, in this March 30, 2016 file picture. REUTERS/Kim Kyung-Hoon/File Photo Beijing needs to stem capital outflows and manage exp... More »
German Finance Minister Wolfgang Schaeuble takes questions from reporters during a press conference with Chinese Finance Minister Lou Jiwei (not pictured) at the annual meetings of the IMF and World Bank Group in Washington October 7, 2016. REUTERS/James Lawle... More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 22, 2016. REUTERS/Brendan McDermid After a number of false starts since the term was first coined five years ago, the idea of a ‘Great Rotation’ out of bonds into ... More »
Bank of Japan board member Takako Masai said on Monday it was too early to conclude that the BOJ’s new fixed-rate debt-buying operation will always go smoothly, but that the policy tool was successful last week in slowing gains in yields. More »
Bank of Japan’s (BOJ) new board member Takako Masai attends a news conference at the BOJ headquarters in Tokyo, Japan, June 30, 2016. REUTERS/Toru Hanai The election of Donald Trump as U.S. President, Brexit, and the weak state of the European Union’s financia... More »
The Federal Reserve Building stands in Washington April 3, 2012. REUTERS/Joshua Roberts/File Photo Clues on future U.S. policy under Donald Trump rather than economic data are likely to dominate minds and markets in the week ahead, given a U.S. interest rate h... More »
The headquarters of the European Central Bank (ECB) are illuminated with a giant euro sign at the start of the ”Luminale, light and building” event in Frankfurt, Germany, March 12, 2016. EUTERS/Kai Pfaffenbach/File Photo The European Central Bank is talking to... More »
European Central Bank Vice President Vitor Constancio speaks during a Reuters Newsmaker event in New York February 19, 2016. REUTERS/Brendan McDermid The European Central Bank does not need to react to recent sharp increase in sovereign bond yields as post-ele... More »
A notice is displayed outside an ATM counter which is no longer dispensing cash in Chandigarh, November 14, 2016. REUTERS/Ajay Verma India’s central bank said on Monday it will set up a task force under Deputy Governor SS Mundra to oversee the recalibration of... More »
Commercial banks in the Gulf could lose their ability to have dollar trades cleared through the U.S. banking system, increasing risks for them, the United Arab Emirates’ central bank governor warned on Monday. More »
The Saudi Arabian central bank hopes interbank money rates SAIBOR= continue to fall, central bank governor Ahmed al-Kholifey told a news conference on Monday. More »
The German share prize index (DAX) board is seen at the trading room of Frankfurt’s stock exchange (Boerse Frankfurt) during trading session in Frankfurt Germany, October 14, 2016. REUTERS/Kai Pfaffenbach The U.S. dollar hit an 11-month peak on Monday as the r... More »
The euro zone economy is on a solid run, with a string of good data pointing to a consumption-led recovery, but investment is still lagging so it is far from clear if forecasts need to be revised, ECB policymaker Yannis Stournaras said. More »
The headquarters of the European Central Bank (ECB) are pictured in Frankfurt, Germany, September 8, 2016. REUTERS/Ralph Orlowski/File Photo A European Central Bank push to iron out differences in how banks calculate capital requirements will inadvertently hel... More »
U.S. President elect Donald Trump speaks at election night rally in Manhattan, New York, U.S., November 9, 2016. REUTERS/Mike Segar/File Photo After Donald Trump’s unexpected victory in the U.S. presidential election, investors may refocus in the coming week o... More »
Libya’s U.N.-backed government has appointed a finance minister and deputy finance minister in a move it hopes will unlock crucial funding from the central bank and revive its flagging fortunes. More »
Commuters pass by the front of the Bangladesh central bank building in Dhaka March 8, 2016. REUTERS/Ashikur Rahman/File Photo Bangladesh’s central bank hopes to retrieve $30 million more of the $81 million stolen from its account at the New York Federal Reserv... More »
Logo of Swiss PostFinance bank is seen at a branch in Zurich, Switzerland August 22, 2016 REUTERS/Arnd Wiegmann Swiss bank PostFinance [PFAG.UL] will start charging private customers for holding deposits of more than 1 million Swiss francs ($1 million), it sai... More »
Shoppers ride an escalator at a Target Store in Chicago, November 25, 201. REUTERS/John Gress The U.S. economy is on track to grow at a 3.1 percent annualized pace in the fourth quarter due to expected stronger consumer spending and equipment investments as we... More »
IMF official Chris Jarvis at a news conference in Cairo, Egypt August 11, 2016. REUTERS/Mohamed Abd El Ghany The International Monetary Fund (IMF) has welcomed Egypt’s decision to float its pound currency on Thursday, it said in a statement, adding that the de... More »
Pedestrians walk past the headquarters of the European Central Bank (ECB) in Frankfurt, Germany September 8, 2016. REUTERS/Ralph Orlowski The euro zone housing market is on its best run since the global financial crisis but prices on average are still only in ... More »
An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016. REUTERS/Kham Politics dominated currency markets on Thursday as U.S. election worries kept the dollar weak against the yen JPY= while sterling rose more than one percent a... More »
A Chinook helicopter flies over the Bank of England in the City of London, Britain, November 3, 2016. REUTERS/Peter Nicholls The Bank of England scrapped plans to cut interest rates and said they could move in either direction as it ramped up its forecasts for... More »
The headquarters of the European Central Bank (ECB) are illuminated with a giant euro sign at the start of the ”Luminale, light and building” event in Frankfurt, Germany, March 12, 2016. EUTERS/Kai Pfaffenbach/File Photo Euro zone states should implement struc... More »
People sit outside the New York Stock Exchange (NYSE) during the morning commute in New York City, U.S., September 15, 2016. REUTERS/Brendan McDermid – RTSNWHN Just as memories of the financial crisis are fading and tough new banking regulations are beginning ... More »
Euro and Dollar banknotes are seen in a picture illustration taken October 19, 2016. REUTERS/Leonhard Foeger The dollar edged up to a fresh eight-month high against a basket of currencies in Asian trade on Monday, buoyed by expectations that the U.S. Federal R... More »
A Japanese flag flutters atop the Bank of Japan building in Tokyo, Japan, September 21, 2016. REUTERS/Toru Hanai/File Photo – RTX2P8PK The Bank of Japan said on Monday it is closely monitoring bank lending to the real estate sector to guard against excessive c... More »
William Dudley, President of the New York Federal Reserve Bank, speaks at Brooklyn College in the Brooklyn borough of New York, March 7, 2014. REUTERS/Keith Bedford/File Photo Banks need to continue to monitor the way they reward employees to ensure they promo... More »
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration shot January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo The dollar inched up to a seven-month high against a basket of c... More »
A worker stands on a floor of a building under construction as he waits for a crane to deliver materials in central Sydney, Australia, June 1, 2016. REUTERS/David Gray Australia is forecast to enjoy at least another two years of solid economic growth, extendin... More »
China’s national flag is seen in front of cranes on a construction site at a commercial district in Beijing, China, January 26, 2016. REUTERS/Kim Kyung-Hoon China’s economic growth is expected to cool to 6.6 percent this year and slow further to 6.5 percent in... More »
Boston Fed President Eric Rosengren speaks during the Sasin Bangkok Forum in this July 9, 2012 file photo. REUTERS/Sukree Sukplang By the middle of next year, Federal Reserve Bank of Boston President Eric Rosengren says he expects unemployment to fall to 4.7 p... More »
A pile of one pound coins is seen in a photo illustration shot June 17, 2008. REUTERS/Toby Melville/Illustration/File Photo Bank of England Deputy Governor Ben Broadbent said the pound’s fall after Britain voted to leave the European Union has acted as an impo... More »
Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital LP., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid Federal Reserve Chair Janet Yellen’s speech on Friday on running a “high pressure” economy ... More »
The logo of the Bank of Korea is seen on the top of its building in Seoul, South Korea, July 14, 2016. REUTERS/Kim Hong-Ji South Korea’s central bank is forecast to keep interest rate policy on hold on Thursday as board members weigh the risks from household d... More »
Dutch Finance Minister and Eurogroup President Jeroen Dijsselbloem gestures during a European Union finance ministers meeting in Brussels, Belgium, July 12, 2016. REUTERS/Francois Lenoir A reform of global banking rules should focus on lenders’ internal models... More »
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration shot January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo The dollar firmed on Tuesday, while the beleaguered sterling wal... More »
Nobel Prize-winning economist Joseph Stiglitz attends a keynote presentation during CLSA investors conference in Hong Kong, China September 19, 2016. REUTERS/Bobby Yip Nobel Prize-winning economist Joseph Stiglitz predicted in a interview out on Wednesday that... More »
A man stands next to an electronic board showing stock prices in Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon Major U.S. stock indexes gained on Wednesday, boosted by financial shares amid encouraging economic data and by the energy sector as oil pric... More »
European Central Bank (ECB) President Mario Draghi addresses the European Parliament’s Economic and Monetary Affairs Committee in Brussels, Belgium September 26, 2016. REUTERS/Yves Herman European Central Bank interest rates will stay low until euro zone econo... More »
European Central Bank (ECB) President Mario Draghi leaves an elevator after a meeting with German lawmakers in Berlin, Germany, September 28, 2016. REUTERS/Axel Schmidt Euro zone inflation could approach the ECB’s target by late 2018 or early 2019 and so far t... More »
Euro coins are seen in front of a displayed Greece flag in this picture illustration, June 29, 2015. REUTERS/Dado Ruvic/File Photo Euro zone finance ministers gave Greece a positive review of its reforms on Monday but divided up the latest tranche of aid to At... More »
A customer counts his U.S. dollar notes in a bank in Cairo, Egypt March 10, 2016. REUTERS/Amr Abdallah Dalsh Monetary policy in developed markets like Japan and Europe is failing, and faltering in the U.S., in substantial part because globalization has altered... More »
An empty reception area at Falcon Private Bank office in Singapore October 11, 2016. REUTERS/Edgar Su Singapore’s central bank on Tuesday shut down a second Swiss bank in the city-state and fined banks DBS and UBS in its biggest crackdown on alleged money-laun... More »
People walk through a street in Tokyo’s Shinjuku district, Japan, September 29, 2016. Picture taken September 29, 2016. REUTERS/Toru Hanai Confidence among big Japanese manufacturers was flat in the three months to September and service-sector sentiment worsen... More »
Benoit Coeure, member of the Executive Board of the European Central Bank (ECB), attends a Lamfalussy Lectures Conference in Budapest, Hungary, February 1, 2016. REUTERS/Laszlo Balogh The euro zone risks falling into a trap of low growth and low interest rates... More »
European Central Bank (ECB) President Mario Draghi waits to address the European Parliament’s Economic and Monetary Affairs Committee in Brussels, Belgium, June 21, 2016. REUTERS/Francois Lenoir/File Photo Economic imbalances within the euro zone risk destabil... More »
A red traffic light is pictured in front of the Deutsche Bank headquarters in Frankfurt, Germany, September 30, 2016. REUTERS/Kai Pfaffenbach While possibly Europe’s biggest “pain trade”, fund managers are under pressure to buy banking stocks despite the deep ... More »
Arrangement of various world currencies including Chinese Yuan, US Dollar, Euro, British Pound, in this picture illustration taken January 25, 2011. REUTERS/Kacper Pempel/Illustration/File Photo The yen was holding strong on Monday in the face of another volle... More »
A Japanese flag flutters atop the Bank of Japan building in Tokyo, Japan, September 21, 2016. REUTERS/Toru Hanai The International Monetary Fund said on Monday that a new monetary policy framework adopted by the Bank of Japan marked “progress”, but stuck to it... More »
Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan, September 21, 2016. REUTERS/Toru Hanai The pace at which the Bank of Japan buys bonds will depend on what is needed to achieve its yield curve targe... More »
Yves Mersch, Member of the Executive Board of the European Central Bank presents an oversized newly unveiled 10 euro note at the headquarters of the European Central Bank (ECB) in Frankfurt, January 13, 2014. REUTERS/Ralph Orlowski European regulators must tel... More »
A man walks on a logo of the Monte Dei Paschi Di Siena bank in Rome, Italy September 24, 2013. REUTERS/Alessandro Bianchi/File Photo European regulators expect Italian bank Monte dei Paschi di Siena will have to turn to the government for support, three euro z... More »
European Central Bank (ECB) President Mario Draghi attends a news conference at the ECB headquarters in Frankfurt, Germany September 8, 2016. REUTERS/Ralph Orlowski Financial services are shifting away from banks in the euro zone to the so-called ‘shadow banki... More »
Wells Fargo CEO John Stumpf testifies before a Senate Banking Committee hearing on the firm’s sales practices on Capitol Hill in Washington, U.S., September 20, 2016. REUTERS/Gary Cameron Wells Fargo & Co Chief Executive John Stumpf, under fire over problemati... More »
The offices of Pacific Investment Management Co (PIMCO) (R) are shown in Newport Beach, California August 4, 2015. REUTERS/Mike Blake Global bond yields will rise modestly and spikes in volatility could be more commonplace in the coming years as loose central ... More »
U.S. Federal Reserve Chair Janet Yellen speaks during a news conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, DC, U.S. on March 16, 2016. REUTERS/Kevin Lamarque/File Photo Market volatility is low, U.S. census... More »
President of the Deutsche Bundesbank Jens Weidmann speaks during a meeting in Rome, Italy April 26, 2016. REUTERS/Tony Gentile/File Photo Financial institutions based in Britain will lose so-called passporting rights allowing them to operate across the Europea... More »
A staff member is seen at Alibaba Group’s new data centre in Zhangbei, Hebei province, China September 11, 2016. China Daily/via REUTERS Strong comments from China’s top state planner that the economy needed more support was most likely aimed at persuading the... More »
China’s central bank said on Monday it will crack down on illegal trading of bank card information. More »
Bank of England Deputy Governor Minouche Shafik speaks during the bank’s quarterly inflation report news conference at the Bank of England in London August 13, 2014. REUTERS/Suzanne Plunkett Bank of England deputy governor Minouche Shafik will step down at the... More »
Minneapolis Fed President Neel Kashkari speaks during an interview at Reuters in New York February 17, 2016. REUTERS/Brendan McDermid With the Federal Reserve powerless to do much more than it already is, the best route to faster U.S. economic growth is throug... More »
A logo of Monte dei Paschi di Siena bank is seen on the ground in Siena, Italy, November 5, 2014. REUTERS/Giampiero Sposito/File Photo – RTX2ORXD The European Central Bank has given a preliminary nod to the possible appointment of Marco Morelli, head of Bank o... More »
Russian President Vladimir Putin and U.S. President Barack Obama discussed the conflicts in Syria and Ukraine at their meeting on the sidelines of the Group of 20 summit in China’s Hangzhou, Russian media cited the Kremlin spokesman as saying on Monday. More »
Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan, July 29, 2016. REUTERS/Kim Kyung-Hoon Bank of Japan Governor Haruhiko Kuroda signaled his readiness to ease monetary policy further using existing o... More »
A Greek flag flutters in the wind as tourists visit the archaeological site of the Acropolis hill in Athens, Greece July 26, 2015. REUTERS/Ronen Zvulun/File Photo The euro zone will not release additional bailout money for Greece at a meeting in Bratislava thi... More »
The Bank of America building is shown in Los Angeles, California October 29, 2014. REUTERS/Mike Blake/File Photo – RTSIJL2 Years of stubbornly low interest rates and expectations they will remain low for years to come have prompted U.S. banks to shift their ba... More »
A man walks past a screen displaying the Nikkei average outside a brokerage in Tokyo, Japan, June 24, 2016. REUTERS/Thomas Peter Most Asian share markets tumbled on Monday while the U.S. dollar added to gains made after Federal Reserve Chair Janet Yellen indic... More »
People walk on a zebra crossing in front of the buliding of Bank of Korea in Seoul, South Korea, July 14, 2016. REUTERS/Kim Hong-Ji South Korea’s economy is expected to see gradual improvement in coming months thanks to services and domestic consumption, the c... More »
A picture illustration of crumpled kuna, Dollar and euro banknotes, taken in Zagreb January 18, 2011. REUTERS/Nikola Solic Central bankers in charge of the vast bulk of the world’s economy delved deep into the weeds of money markets and interest rates over a t... More »
By Douglas Busvine and Nidhi Verma | NEW DELHI NEW DELHI Indian Prime Minister Narendra Modi took aim at supporters of “terrorism” in his Independence Day speech on Monday, ratcheting up criticism of Pakistan while avoiding direct mention of month-long protest... More »
By Marc Jones | LONDON LONDON World shares set up camp at one-year peaks on Monday as a rally in Chinese stocks helped offset news that Japan’s economic growth had ground to a halt last quarter, while oil prices extended their latest rally. Europe’s main bours... More »
By Leika Kihara and Tetsushi Kajimoto | TOKYO TOKYO Japan’s economic growth ground to a halt in April-June as weak exports and shaky domestic demand prompted companies to cut spending, putting fresh pressure on premier Shinzo Abe to come up with policies that ... More »
By Leika Kihara | TOKYO TOKYO The Bank of Japan’s policy review could put up for debate its target for expanding base money through massive asset purchases, sources say, but the challenge would be to avoid spooking bond markets used to years of unprecedented b... More »
NEW YORK The U.S. economy is on track to grow at a 3.5 percent annualized rate in the third quarter following weaker-than-expected data on retail sales in July, the Atlanta Federal Reserve’s GDP Now forecast model showed on Friday. The latest third-quarter GDP... More »
LONDON World shares hovered close to one-year highs on Thursday as oil prices dropped for a third straight day and the latest interest rate cut in a developed market – this time New Zealand – got a lukewarm reaction from investors. The slip in crude markets le... More »
CAIRO Egypt has reached a preliminary agreement with the International Monetary Fund after nearly two weeks of talks to secure a $12 billion lending program and will make an announcement on Thursday, two government sources said. The sources said no deal had be... More »
LONDON Economists from the International Monetary Fund have urged the European Central Bank to concentrate on asset purchases rather than cutting its already negative interest rates again, if it needs to stimulate the euro zone economy again. A blog published ... More »
LONDON The New Zealand dollar surged to its highest level in more than a year on Thursday after the Reserve Bank of New Zealand made smaller interest rate cuts than some had expected, forcing them to unwind their bets on more aggressive easing. The RBNZ said a... More »
LONDON/SYDNEY British manufacturers slammed on the brakes last month after the Brexit vote and growth eased in the euro zone, surveys indicated, with factories in China, Japan and elsewhere in Asia offering only crumbs of comfort. A U.S. version due later Mond... More »
LONDON The Bank of England looks ready to cut interest rates for the first time since 2009 on Thursday, seeking to stop Britain’s vote to leave the European Union from kicking the country into recession. It may even go a step further and pump billions of pound... More »
NUSA DUA, Indonesia The Federal Reserve should be cautious on interest rate increases due to lingering risks to the U.S. economy, one of its most influential policymakers said on Monday, appearing to signal the chance of a hike by the end of the year was fadin... More »
LONDON The dollar crawled up on Monday after recording its poorest weekly performance in three months, while the yen edged lower after a more than 3 percent surge on a much less aggressive than expected easing package from the Bank of Japan. The greenback shed... More »
BEIJING Activity in China’s manufacturing sector eased unexpectedly in July as orders cooled and flooding disrupted business, an official survey showed, adding to fears the economy will slow in coming months unless the government steps up a huge spending spree... More »
BRUSSELS Inflation rose more than expected in the euro zone in July, driven mostly by higher prices of food, alcohol and tobacco products, according to a first estimate from the EU’s statistics agency released on Friday. Eurostat said that inflation in the 19 ... More »
FRANKFURT Central banks from Washington to Tokyo take center stage next week, although policymakers are likely to remain cautious as they wait for the dust to settle from Britain’s shock vote to leave the EU. As they wait for political reassurances and greater... More »
SINGAPORE Singapore’s central bank said it will enhance controls against money laundering and take swift action against banks following damaging findings that financial institutions in the city-state handled money flows linked to Malaysian state fund 1MDB. “Th... More »
TOKYO Asian shares held near nine-month highs on Monday as assurance from policymakers on the need to boost growth quelled worries over the impact of Britain’s Brexit vote while the dollar, buoyed by solid U.S. economic data, stayed firm. Policymakers from the... More »
SINGAPORE The Singapore central bank’s current monetary policy stance remains appropriate and only a marked worsening in the global economy or significant shift to the inflation outlook would prompt a change, its managing director said on Monday. The Monetary ... More »
SYDNEY Australian inflation likely braked to all-time lows in the second quarter, if analyst forecasts prove right, cementing the case for another cut in interest rates as early as next month. When underlying inflation slowed surprisingly sharply to a record l... More »
SEOUL South Korea’s economic growth was expected to show little improvement over April-June versus the first quarter in sequential terms, a Reuters poll found on Monday, as weak exports and capital investment continue to undermine growth. The economy was expec... More »
MADRID Spain’s economy may grow around 2.9 percent in 2016, up from the current official target of 2.7 percent, although 2017 could come under pressure due to lower global growth, acting Economy Minister Luis de Guindos said on Sunday. “New macroeconomic proje... More »
CHENGDU, China The world’s biggest economies will work to support global growth and better share the benefits of trade, policymakers said on Sunday after a meeting dominated by the impact of Britain’s exit from Europe and fears of rising protectionism. Philip ... More »
NEW YORK U.S. interest rates futures fell on Friday but traders still saw less than a 50 percent probability the Federal Reserve would raise interest policy rates by year-end amid concerns about the global economy and possible stimuli from overseas central ban... More »
FRANKFURT The European Central Bank kept interest rates unchanged on Thursday but left the door open to more policy stimulus, highlighting “great” uncertainty and abundant risks to the economic outlook. Signalling a readiness to act, ECB President Mario Draghi... More »
FRANKFURT European Central Bank President Mario Draghi said on Thursday events in Turkey since the coup attempt may impact economic sentiment in the euro zone. “It is very difficult to see how these geopolitical events will affect the (euro zone) economy,” he ... More »
ANKARA The Turkish economy will not suffer permanently from Friday’s failed coup attempt despite a short-lived, downward impact on growth, Deputy Prime Minister Mehmet Simsek said on Monday. Simsek said Turkey’s macroeconomic fundamentals were solid and the go... More »
