Pound steadies as USD firms on Fed bets, Iran risks
The pound struggled to extend gains against the dollar on Monday, with GBP/USD failing to build on a modest intraday bounce as fresh US dollar buying capped its recovery. Optimism…
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Category: Business
Goldman shifts Fed forecast: is rate relief further away than thought?
Goldman Sachs has pushed back its forecast for the first US interest-rate cut, saying higher energy prices and the risk of stickier inflation linked to the Middle East conflict are…
US jobs report beats forecasts in April as unemployment holds steady at 4.3%
The US labour market delivered stronger-than-expected job growth in April, signalling continued resilience despite mounting concerns over trade tensions, artificial intelligence-driven job cuts and rising energy costs. Data released by…
Russia resumes forex purchases as oil price windfall boosts revenues
Russia will resume buying foreign currency on the market for the first time since before the start of the war in Ukraine, according to a statement from the Finance Ministry,…
US private payrolls beat estimates as hiring rises to 109,000 in April
Private sector hiring in the United States came in stronger than expected in April, offering fresh evidence of labor market resilience and reinforcing the case for the Federal Reserve to…
Evening digest: US-Iran deal hopes rise, Corning jumps on Nvidia
The United States and Iran are weighing a fresh proposal to end the war as markets react to shifting geopolitical risks. Anthropic has partnered with SpaceX to expand computing capacity…
ECB flags structural barriers slowing euro zone capital market integration
The euro zone has made steady progress in financial integration in recent years, but equity markets across the bloc remain fragmented and continue to lag behind improvements seen in banking…
Trump-Xi summit: trade, Taiwan, AI talks in focus; major breakthroughs unlikely
US President Donald Trump is set to meet Chinese President Xi Jinping in Beijing next week in the first visit by a US leader to China in almost a decade,…
US jobless claims rise less than expected despite ongoing layoffs
The number of Americans filing new claims for unemployment benefits rose modestly last week, underscoring continued resilience in the US labor market despite ongoing layoffs in the technology sector and…