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German finance minister says central bank independence is 'clear line'
Klingbeil emphasizes importance of central bank independenceG7+ discusses reducing reliance on Chinese rare earthsKlingbeil seeks cooperation amid growing U.S.-Europe differencesBy Maria Martinez WASHINGTON, Jan 12 (Reuters) - German Finance Minister Lars Klingbeil said on Monday that central ban...Reuters
Mon, Jan 12
TREASURIES-Bond yields climb after Trump admin raises pressure on Powell
DOJ sends subpoenas to Fed over building projectInflation data due later this week3-year, 10-year auctions set for MondayBy Chuck Mikolajczak NEW YORK, Jan 12 (Reuters) - U.S. Treasury yields were higher on Monday, after Federal Reserve Chair Jerome Powell revealed the central bank had been threa...Reuters
Mon, Jan 12
Past three Fed chairs decry 'unprecedented' assault by Trump on Powell
Jan 12 (Reuters) - The past three heads of the U.S. Federal Reserve on Monday joined with other former federal government economic policy leaders in condemning the Trump administration's criminal probe of Fed Chair Jerome Powell, likening it to the interference with central bank independence mor...Reuters
Mon, Jan 12
German business lobby raises alarm over highest number of bankruptcies in 11 years
BERLIN, Jan 12 (Reuters) - Germany is experiencing an alarmingly high number of company bankruptcies, a development that shows no sign of abating unless the government immediately provides tangible relief, the German Chamber of Commerce, or DIHK, warned on Monday.Final results showed that local cour...Reuters
Mon, Jan 12
German's Klingbeil, asked about Powell probe, says central bank independence is 'clear line'
WASHINGTON, Jan 12 (Reuters) - German Finance Minister Lars Klingbeil on Monday said that central bank independence was a "clear line" for him, when asked about the U.S. Justice Department's probe into Federal Reserve Chair Jerome Powell. "We value independence of central banks... Th...Reuters
Mon, Jan 12
Quantum Computing Inc. Advances Commercial Platform Strategy With Stalking Horse Bid For Luminar's Lidar Business
Jan 12 (Reuters) - Quantum Computing Inc QUBT.O:QUANTUM COMPUTING INC. ADVANCES COMMERCIAL PLATFORM STRATEGY WITH STALKING HORSE BID FOR LUMINAR'S LIDAR BUSINESSQUANTUM COMPUTING INC: PROPOSED DEAL WILL BE COMPLETED IN CONNECTION WITH LUMINAR'S ONGOING CHAPTER 11 PROCESSQUANTUM COMPUTING: UN...Reuters
Mon, Jan 12
Trump to interview BlackRock's Rieder for Fed chair role, Fox Business reports
WASHINGTON, Jan 12 (Reuters) - U.S. President Donald Trump will interview BlackRock Inc's BLK.N chief bond investment manager Rick Rieder on Thursday as a candidate to lead the Federal Reserve, Fox Business Network reported on Monday, citing unidentified administration sources.Rieder is among fo...Reuters
Mon, Jan 12
White House adviser Hassett supports DOJ probe of Fed's Powell over building costs
By Bo EricksonWASHINGTON, Jan 12 (Reuters) - White House economic adviser Kevin Hassett said on Monday he was not involved in conversations with the Justice Department about its probe into Federal Reserve Chair Jerome Powell and did not know whether President Donald Trump had approved it."I'...Reuters
Mon, Jan 12
White House adviser Hassett says he was not involved with Powell probe
WASHINGTON, Jan 12 (Reuters) - White House economic adviser Kevin Hassett said on Monday he was not involved in conversations with the Justice Department about its probe into Federal Reserve Chair Jerome Powell. "I've not been involved in conversations with the Justice Department about that....Reuters
Mon, Jan 12
EXPLAINER-How Trump's proposed cap on credit card rates could reshape consumer lending
By Manya Saini Jan 12 (Reuters) - A proposed one-year cap on credit card interest rates backed by U.S. President Donald Trump could reduce borrowing costs for some consumers but also limit credit availability, pressure bank profits and reshape the economics of consumer lending.Trump called for th...Reuters
Mon, Jan 12
RPT-BREAKINGVIEWS-Tobacco giants get another reason to quit India
By Ujjaini DuttaBENGALURU, Jan 12 (Reuters Breakingviews) - Sometimes smokers are hit with a compelling reason to quit. India imposed fresh taxes on cigarettes last month, knocking as much as 17% off the shares of British American Tobacco BATS.L-backed $47 billion ITC ITC.NS and Godfrey Phillips In...Reuters
Mon, Jan 12
POLL-China's 2025 record export surge expected to slow in December
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=CNEXP%3DECI exports poll datareuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=CNIMP%3DECI imports poll datareuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=CNTRD%3DECI trade balance data ...Reuters
Mon, Jan 12
German finance minister says transatlantic partnership 'dissolving', Die Zeit reports
Jan 12 (Reuters) - The transatlantic partnership between the European Union and the United States is "dissolving", German Finance Minister and Vice Chancellor Lars Klingbeil told Die Zeit newspaper on Monday. "We must further strengthen Europe, and we must do so much faster," Kli...Reuters
Mon, Jan 12
EUR and SEK seen as potential beneficiaries – ING
Despite limited euro-zone data and muted European Central Bank (ECB) messaging, EUR/USD could move toward 1.16 and potentially 1.17–1.1750 if concerns over Fed political risk ease, though geopolitical tensions around Greenland continue to cloud the outlook, ING's FX analyst Francesco Pesole notes.
US: Downside surprises in December payrolls and unemployment rate – UOB Group
The latest US Employment Situation report by the Bureau of Labor Statistics (BLS) last Fri (9 Jan) presented two main downside surprises as jobs growth in December missed expectations even though the bar was set low while unemployment rate also dipped below expectations.Fxstreet
Mon, Jan 12
J.P. Morgan forecasts 2027 Fed hike; Barclays, Goldman postpone rate cut calls
J.P. Morgan expects Fed's next move to be a rate hikeGoldman Sachs, Barclays delay rate cuts to mid-2026Traders bet on 95% chance of unchanged rates in Jan meetingBy Siddarth S and Akriti Shah Jan 12 (Reuters) - J.P. Morgan predicts the U.S. Federal Reserve's next move will be a rate hike...Reuters
Mon, Jan 12
TREASURIES-Long yields set for biggest rise in a month after Trump team attack on Powell
Trump team threatens Powell over Fed building projectYield curve steepening as 30-year yields rise, 2-year yields fallDollar down as investors swerve US assetsBy Amanda Cooper LONDON, Jan 12 (Reuters) - U.S. 30-year Treasury yields rose sharply on Monday in European trading, after President Donal...Reuters
Mon, Jan 12
EUR/CAD climbs above 1.6200 as ECB holds rates
EUR/CAD extends its gains for the second successive session, trading around 1.6210 during the European hours on Monday. The currency cross advances as the Euro (EUR) gains support from signs that the European Central Bank (ECB) is nearing the end of its rate-cutting cycle.
Fxstreet
Mon, Jan 12
REFILE-Goldman Sachs pushes back US Fed rate cut forecast after soft jobs data
Jan 12 (Reuters) - Goldman Sachs pushed back its forecast for U.S. Federal Reserve rate cuts on Sunday, now expecting two 25-basis-point reductions in June and September 2026 instead of the previously anticipated moves in March and June.The shift follows softer non-farm payrolls data and reflects si...Reuters
Mon, Jan 12
