By Mike Dolan LONDON () - The U.S. dollar's latest surge has forced central banks around the world to lean against it, selling greenback reserves to stabilise local currencies but potentially exaggerating dollar strength into the bargain and sowing problems down the line. If hard cash reserves, typically banked in U.S. debt, are run down

By Makiko Yamazaki TOKYO () - Top Japanese finance officials said on Friday the government is "alarmed" by recent foreign exchange moves and is ready to intervene if speculative moves were deemed excessive, as the yen resumed its rapid downturn. Against the Japanese yen, the dollar rose to a top of 157.93 on Friday, its

By Leika Kihara TOKYO () - In rare criticism of its past policies, the Bank of Japan said former governor Haruhiko Kuroda's stimulus didn't change consumer psychology as much as planned, continuing a symbolic shift away from his decade of policy radicalism. The review, released on Thursday, also warned that the negative effects of Kuroda's

TOKYO () - Consumer inflation in Tokyo likely accelerated in December on higher food costs and after the government's suspension of its gas and electricity subsidies, a poll showed on Friday. The expected pickup could prod the Bank of Japan, which decided to keep interest rates unchanged at 0.25% on Thursday, to raise borrowing costs

By Stella Qiu SYDNEY () - Asian shares were pinned near three-month lows on Friday as investors awaited key U.S. inflation data that could either ease or worsen concerns about price pressures, while the dollar towered at two-year peaks. The closely watched inflation gauge - the U.S. Core Personal Expenditures - is due later in

By Bo Erickson, Richard Cowan, Andy Sullivan and Katharine Jackson WASHINGTON () -A spending bill backed by Donald Trump failed in the U.S. House of Representatives on Thursday as dozens of Republicans defied the president-elect, leaving Congress with no clear plan to avert a fast-approaching government shutdown that could disrupt Christmas travel. The vote laid

MEXICO CITY () - The Bank of Mexico lowered its benchmark interest rate by 25 basis points to 10.00% on Thursday and signaled larger rate cuts could be considered in future meetings given progress on inflation in Latin America's second-largest economy. The unanimous decision by the central bank's five-member governing board came after headline inflation

By Lucia Mutikani WASHINGTON () -The number of Americans filing new applications for jobless benefits fell more than expected last week, almost reversing the prior two weeks' increases and suggesting that a gradual labor market slowdown remained in place. Other data on Thursday showed the economy grew faster than previously estimated in the third quarter

() -The U.S. Department of Commerce has recently asked Nvidia (NASDAQ:) to look into how the company's products ended up in China over the past year, the Information reported on Thursday, citing a person close to the department. The chip giant has asked big distributors such as Super Micro Computer (NASDAQ:) and Dell Technologies (NYSE:)

() - The Federal Reserve Bank of New York on Thursday said it will add an extra operation of its standing repo facility in the days covering the end of the calendar year into early January. In addition to its daily SRF (NS:) operation occurring between 1:30 p.m. and 1:45 p.m., the New York Fed