Bank of Canada Keeps Rate Steady, Warns Trade Conflict Could Upend Recovery
The central bank left its main interest rate unchanged at 2.25%, and said the escalating trade conflict between the U.S. and Canada threatens to add to inflation.
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Private-Sector Hiring Slowed in August
Private companies added a net 38,000 jobs in August, after adding a revised 46,000 jobs in July, ADP said. August saw the slowest pace of job creation since January.
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Europe Joins Global Bond Selloff as Middle East Hostilities Lift Oil Prices
The 10-year Bund yields reached their highest since 2011, yields on 10-year gilts climbed to their highest level since 2007 and Japan's 10-year government bond yield hit its highest level since September 1996.
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U.S. Says It's Fed Up With China's Overcapacity-and More Countries Agree
A G-20 statement implicitly criticizing Beijing for its overreliance on exports for growth marks a new stage in international pressure.
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Oil Hovers Close to $95 as Middle East Conflict Further Pressures Bonds
Oil hovered around $95 a barrel as the U.S. and Iran exchanged fresh strikes, putting further pressure on sovereign debt though bond yields pulled back from earlier multiyear highs in European afternoon trade.
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UK Prime Minister Says Government Will Be 'Grounded in Fiscal Responsibility'
The U.K. government is taking action to cut its debts and will continue to stick to its self-imposed budget rules, Prime Minister Andy Burnham told lawmakers Wednesday.
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U.S. and Iran Trade Strikes in Latest Fight for Control of Hormuz
President Trump said the operation was a response to Iran's attempts to mine the strait and target American servicemembers in the Middle East.
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G-20 Squabbling Overshadows Summit as Global Bond Markets Strain
The finance ministers' gathering comes to a close amid a global bond-market selloff, spats over tariffs and public insults.
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Australia's Second-Quarter Growth Stronger Than Expected
Households continued to behave cautiously, with consumption rising 0.4% in the quarter.
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Reserve Bank of New Zealand Delivers Further Rate Increase
RBNZ raised interest rates, warning that risks for higher inflation remain in play for the economy.
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Will Friday's Jobs Report Force Kevin Warsh to Rethink Fed Rate Hikes?
The Federal Reserve is increasingly expected to raise interest rates in September, but signs of labor-market softness are putting new focus on Friday's jobs report.
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Japan Vows to Keep Eye on Yen as Inflation Fears Rise
A weak yen threatens to accelerate Japan's inflation, given the country's heavy reliance on imports of energy and food.
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South Korea's Inflation Rebounds Above 3%
South Korea's headline inflation rose above 3% again in August after easing the previous month, supporting the central bank's back-to-back rate increases to curb price pressures.