The International Monetary Fund raised China's growth projections citing strong first quarter growth data and recent policy measures, but cautioned about downside risks to growth. The Washington-based lender expects the second-largest economy to grow 5 percent this year, which is faster than the 4.6 percent projected in April. Likewise, the outlook for 2025 was lifted to 4.5 percent from 4.1 perc

Canadian shares look headed for a weak start Wednesday morning with some hawkish comments from Fed officials raising concerns about the outlook for interest rate. Weak metal prices are likely to weigh as well.

Immunology company Vir Biotechnology, Inc. (VIR) announced Wednesday that Mark Eisner will join the company as Executive Vice President and Chief Medical Officer (CMO), effective June 03, 2024.

The Mortgage Bankers Association released a report on Wednesday showing a sharp pullback by U.S. mortgage applications in the week ended May 24th.

Specialty retailer Abercrombie & Fitch (ANF) reported Wednesday that net income attributable to the company for the first quarter soared to $113.85 million or $2.14 per share from $16.57 million or $0.32 per share in the prior-year quarter.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Australia's inflation is ticking up despite weak retail sales

US stock indices under pressure as yields climb. German CPI could dictate next week’s ECB rhetoric. Yen underperformance lingers; all eyes on Friday’s Tokyo CPI

The Dollar Index, which measures the value of the Greenback against 6 major currencies, steadied to finish with modest gains at 104.63 (104.55 yesterday).

This was evident over the weekend as the G20 meeting in Kyoto, Japan, noted the need for stable rates of currency and at the same time, alerted against an increased currency volatility that would be damaging most of the global economies.

The USD/JPY started the week at 155.79. On May 20th, it was held around the 155 level after long-term Japanese Government Bond (JGB) yield news hit the wires that it will start to pick up.