Every morning at the Argentine central bank, traders on its foreign exchange desk start with a simple mission: Keep the peso from moving too far up or down.
Numbers from the November jobs report released on Tuesday show the unemployment rate rose to 4.6%, its highest level in four years. CBS News business analyst Jill Schlesinger explains what to know.
Federal Reserve Governor Christopher Waller backed further interest-rate cuts to get the central bank’s setting back to neutral, while saying policymakers need not rush to do so.
"There are probably enough concerns about the health of the labor market to justify an insurance rate cut by the Federal Reserve next year," UBS's Paul Donovan said.
Recent strength in Europe’s fuel markets is starting to fade, eroding oil refiners’ margins and taking away a supportive factor for crude prices as the year draws to a close.
Germany’s cabinet approved plans for a state-subsidized retirement savings account for youngsters, part of a broader push by Chancellor Friedrich Merz’s coalition to shore up a pension system under growing strain.
Monetary policy committee, cautious in recent months, expected to respond with cut in interest ratesUK inflation falls sharply to 3.2%Business live – latest updatesThe sharper-than-expected drop in UK inflation to 3.2% last month has eliminated any lingering doubt about whether the Bank of England w…
Santander Economist Victoria Clarke reacts to UK inflation data which slipped to its lowest level in eight months, a bigger than expected drop that clears the path to an interest-rate cut at the Bank of England on Thursday. She speaks on Bloomberg Television.
Colder weather and rising electricity and fuel costs will lead to a big jump in costs for individuals, according to estimates from a group representing state energy officials.
“We ask auto and steel workers to compete with the world, yet we treat research funding as something that must be protected from it,” an economist writes.
Ruapehu is emblematic of question facing New Zealand: how to prevent rural regions – and the country at large - from hollowing outFor generations, two centres of gravity in New Zealand’s central Ruapehu region had enough pull to entice people to the area and keep them there: the mountains and the mi…