Browsing: Business

EuroWire, NEW YORK: The U.S. dollar weakened broadly in late January trading as the Japanese yen climbed sharply, with investors focused on signs that officials in Tokyo and Washington were monitoring rapid currency moves. The yen’s surge helped pull the

WASHINGTON: U.S. Treasurys are confronting fresh political risk after President Donald Trump’s administration revived pressure on Denmark over Greenland and coupled it with threats of trade retaliation, prompting parts of Europe’s investment community to reassess exposure to U.S. government debt.

EuroWire, LONDON: UK inflation rose for the first time in five months in December, with consumer prices increasing 3.4% in the year to December 2025, up from 3.2% in November, according to the Office for National Statistics. On a month-on-month

Davos: JPMorgan Chase Chief Executive Jamie Dimon warned that a proposed cap on U.S. credit card interest rates would trigger an “economic disaster,” sharply criticizing President Donald Trump’s call for Congress to impose a 10% ceiling for one year as

STRASBOURG: The European Parliament has suspended its work to approve a pending European Union trade agreement with the United States, after U.S. President Donald Trump threatened new tariffs against European allies amid a dispute linked to Greenland. The decision halts

EuroWire, SINGAPORE: Gold climbed above US$4,800 per ounce for the first time on Wednesday, extending a record-setting rally as investors shifted toward bullion amid heightened geopolitical frictions and a broad pullback in U.S. financial assets.

EuroWire, BERLIN: Germany’s inflation rate held steady in 2025, with consumer prices rising an average 2.2% over the year, matching the pace recorded in 2024, official data showed. The reading, published by the Federal Statistical Office, kept Europe’s largest economy

EuroWire, LONDON: Great Britain has awarded contracts for a record 8.4 gigawatts of new offshore wind capacity in its latest renewables auction, a volume the government said is enough electricity to power the equivalent of more than 12 million homes.

EuroWire, NEW YORK: The six largest U.S. banks trimmed their combined workforce by about 10,600 positions in 2025, the biggest annual net reduction on Wall Street since 2016, according to year-end headcount totals reported by the firms. The decline left

EuroWire, NEW YORK: U.S. stocks rebounded Thursday as a renewed rally in semiconductor shares helped lift major indexes, while smaller companies continued to outperform in a broadening advance. Traders pointed to a surge in chip-related names after Taiwan Semiconductor Manufacturing