Europe will pay a ‘big price,’ Trump warns on tariffs
Republican U.S. presidential candidate Donald Trump said on Tuesday the European Union would have to “pay a big price” for not buying enough American exports if he won the Nov. 5 election.
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US dollar rally pauses before jobs data, Aussie falls on RBA outlook
Mixed U.S. indicators overnight, showing a loosening U.S. jobs market but a confident consumer, provided little clarity on the outlook for Federal Reserve easing, allowing the greenback to drift lower with Treasury yields on Tuesday following a strong seven-year note auction.
Gold prices hit record high amid election jitters, rate uncertainty
Gold prices hit a record high in Asian trade on Wednesday as safe haven demand was boosted by increased political uncertainty in the U.S. and Japan, as well as anticipation of more cues on interest rates.
Bitcoin price today: upbeat at $72k with record high close amid election hopes
This trade picked up in recent weeks as prediction markets largely favored a Trump victory, while polls pointed to a tightly contested election. Analysts said the election was still too close to call.
Australian lender ANZ launches structural overhaul amid regulatory woes
ANZ Group has unveiled an organisational overhaul, with an aim to streamline operations and enhance data analytics, the Australian lender said on Wednesday as it sought to address regulatory woes surrounding its oversight of certain operations.
Germany needs reform and investment to overcome recession, says IMF Europe head
Germany needs both structural reforms and more investment in public infrastructure to overcome recession, the European head of the International Monetary Fund said in an interview with Sueddeutsche Zeitung.
Dollar steadies ahead of key economic data deluge
The dollar has been boosted of late by a series of economic data releases pointing to the underlying strength of the U.S. economy, resulting in investors pencilling in a slower pace of interest rates from the Federal Reserve than had previously been seen likely.
Gold prices rise, record highs close amid election, rate uncertainty
Gold prices rose in Asian trade on Tuesday, coming close to record highs as the run-up to the 2024 presidential election and uncertainty before upcoming data prints kept safe haven demand in play.
Bitcoin price today: surges to near $71k amid election hopes, positive technicals
The world’s largest cryptocurrency was boosted largely by growing speculation that Donald Trump will beat Kamala Harris in the upcoming election, with voting set to take place on November 5.
Lufthansa reports 9% decline in third-quarter profit as core brand struggles
German airline group Lufthansa reported on Tuesday a year-on-year fall in its operating profit in the third quarter, as its flagship brand struggles with low yields, competition with international airlines and spiralling costs.