Trump Treasury pick Bessent faces Senate grilling on taxes, trade, deficits
By David Lawder WASHINGTON (Reuters) – President-elect Donald Trump’s pick for Treasury secretary, hedge fund manager Scott Bessent, vowed to maintain the dollar’s status as the world’s reserve currency as he prepared to face questions from U.S. senators on Thursday on
Morning bid: Brief relief for markets after tame US inflation
A look at the day ahead in European and global markets from Ankur Banerjee Global stocks and non-dollar currencies found some respite from their inflation-related anxieties, buoyed by a strong start to the earnings season and a softish U.S. core inflation
Bank of Korea governor says resolving political turmoil key for economy
SEOUL (Reuters) – South Korea’s central bank governor said on Thursday that the most important factor determining the health of Asia’s fourth-largest economy in the next few months was whether recent political turmoil would stabilise. “Previously, the biggest variable was
BOJ to raise rates by end-March, most analysts lean toward January hike- Reuters poll
By Satoshi Sugiyama TOKYO (Reuters) – The Bank of Japan will raise interest rates again at one of the two meetings this quarter to 0.50%, an overwhelming majority of economists surveyed by Reuters said, with most leaning toward a January move. The
Factbox-How likely is a Bank of Japan rate hike next week?
By Leika Kihara (Reuters) -The Bank of Japan holds its first policy meeting of the year next week and the outcome will be announced days after the inauguration of U.S. President-elect Donald Trump. Here is a guide on what to expect and