Dollar rally pauses ahead of US inflation test
By Rae Wee SINGAPORE (Reuters) – The dollar’s towering rally hit a speed bump on Wednesday as traders turned cautious ahead of a closely watched U.S. consumer inflation report due later in the day, making them hesitant to take on new
UK stagflation risk adds pressure on Reeves after market volatility
By Suban Abdulla LONDON (Reuters) – British inflation figures will be closely watched on Wednesday as a sharp jump in government borrowing costs, concerns about domestic and global price pressures and a weak economy put growing pressure on finance minister Rachel
Japan manufacturers’ mood rebounds in Jan, outlook stays flat – Reuters Poll
By Kantaro Komiya TOKYO (Reuters) – Japanese manufacturers’ sentiment recovered in January after a dip last month thanks to better conditions for materials industries, but their outlook remains flat due to uncertainty over proposed Trump policies, the Reuters Tankan poll found. The
Pfizer appeals denial of $75 million claim in SEC case against Cohen hedge fund
NEW YORK (Reuters) – Pfizer (NYSE:PFE) on Tuesday appealed a federal judge’s refusal to award the drugmaker $75.2 million from a more than decade-old insider trading settlement involving billionaire Steven A. Cohen’s former hedge fund, SAC Capital Management. The
Morning Bid: Fleeting respite from yields, dollar; Indonesia sets rates
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. A pause in the global bond selloff took some wind out of the dollar’s sails and allowed equities to regain their footing early on Tuesday but Wall Street’s