Canada braces for prolonged trade war as counter-tariffs on US take effect
Canada's retaliatory tariffs on a range of US goods came into effect on Tuesday, with no sign of a trade deal on the horizon.
Economy
China’s central bank boosts gold reserves by most since 2023
Various industry analysts estimate that the acquisitions made by the Asian giant are far greater than those officially declared
China’s August Trade Balance: Surplus widens to $119.09 billion as expected
China's Trade Balance for August, in US Dollar (USD) terms, arrives at $119.09 billion, almost in line with $119.1 billion estimates, but higher than the July reading of $112.5 billion.
Scammers demand ransoms from Instagram users over fake copyright claims
Instagram creators say they have lost thousands of pounds after their accounts were suspended or taken down due to fake copyright claims.
Iran's warns economic warfare will be met by maritime exclusion zone
Secretary of Iran's Supreme National Security Council, Mohsen Rezaei, warned on Tuesday that Tehran would respond to what it calls US "economic warfare" by imposing a maritime exclusion zone across the Persian Gulf.
Europe’s fighter jet plans are in disarray. What happens next?
While the UK and Italy are making progress, France and Germany’s joint venture came to nothing, and the prospect of more countries pulling together seems way off
Canadian Dollar gains as US Dollar struggles despite rising Fed rate hike bets
USD/CAD extends its losses for the second successive day, trading around 1.3800 during the Asian hours on Tuesday. Analysts at HSBC caution that, despite the recent improvement in sentiment around the Fed’s anti-inflati…
Australian Dollar remains steady following China’s Trade Balance data
AUD/USD halts its four-day winning streak, trading around 0.7210 during Asian hours on Tuesday. The pair holds ground following the release Trade Balance data from China, Australia’s close trading partner.
China exports surge 25% in August, trade surplus widens
China's overseas shipments picked up momentum in August, continuing to serve as a crucial pillar for an economy contending with weak home demand and global trade uncertainties. Customs figures issued on Tuesday showed e…
UK retailers to create 100,000 placements for young people out of work
In partnership with DWP, firms such as John Lewis and M&S plan to offer 18- to 24-year-olds placements of two to four weeks
US Dollar Index (DXY) struggles below 99.00, two-week low as traders eye US inflation data
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, remains under some selling pressure for the second straight day and drops to an over two-week low during the Asian session on Tuesday…
Japanese Yen rallies to February 18 high as upbeat wage data and GDP lift BoJ hike bets
The USD/JPY pair declines for the second straight day – also marking the fourth day of a fall in the previous five – and sinks to its lowest level since February 18, around mid-153.00s during the Asian session on Tuesda…
Trump threatens to stop sale of Canadian Bombardier jets in US
President Donald Trump has warned Canadian aircraft company Bombardier that it can no longer sell in the US unless it moves its manufacturing there.
Canada’s retaliatory US tariffs take effect as trade dispute grows
Counter-measures covering several sectors come after Trump announced 50% tariffs on Canadian goods
British Pound drifts higher to near 1.3550 on UK fiscal discipline pledges
The GBP/USD pair gains ground to near 1.3545 during the Asian trading hours on Tuesday. The British Pound (GBP) edges higher against the US Dollar (USD) after UK Chancellor John Healey unveiled a series of measures desi…
WTI slips below $90.50 despite rising Middle East supply risks
West Texas Intermediate (WTI) oil price edges lower and is trading around $90.40 per barrel during Asian hours on Tuesday. However, crude oil prices may regain ground as Iran vowed to strike energy infrastructure across…
'I performed on stage to get my first job' - the firms turning recruitment into competitions
Yumi Liberman was up on stage in front of a panel of judges and an audience of 300 people, and she had to perform.
Japan Q2 GDP growth revised higher, supporting case for BOJ rate hike
TL;DR: Strong Japanese GDP and wage data have pushed a September BoJ hike to near-certainty, and while AUD/JPY and NZD/JPY are both falling on Yen strength, the underlying stories differ — Australia’s hawkish RBA narrat…
AI cancer cures slowed by chip shortage, says UK's biggest tech boss
The boss of the biggest UK-headquartered tech firm has said that artifical intelligence will find a cure for cancer that humans cannot in our lifetimes.
Pound Sterling's rate advantage buys it no say this week
GBP/USD holds just under 1.3550 after a Monday that covered 42 pips with American desks shut for Labor Day. The week that follows is not that. Pound Sterling carries the higher policy rate of the two, the larger tighten…
Indonesian Rupiah: Oil and US inflation pose risks – MUFG
MUFG’s Lloyd Chan warns that upcoming US inflation data could test the recent Rupiah recovery, as firmer US inflation may reinforce elevated US yields and challenge USD/IDR’s break below 17,700. He notes limits to domes…
Vietnam: Inflation and trade trends shape VND – Commerzbank
Commerzbank’s Vietnam update highlights rising inflation and a narrowing trade deficit, with strong manufacturing-led imports and resilient exports. The bank notes elevated CPI and external deficits limit scope for aggr…
Asia FX: Stronger Dollar and Oil weigh on CNY and peers – BNY
BNY’s Geoff Yu highlights that a stronger US Dollar (USD), higher Oil prices and rising global yields are pressuring Asian currencies and assets. Chinese Yuan (CNY) remains relatively resilient but is drawing official s…
A German landslide moved the Euro by nothing at all
EUR/USD holds above 1.1600, seven pips above where Monday opened. The pair has had three chances to move over four sessions and has taken none of them. Both central banks are priced to raise rates this month for the sam…