Iran’s oil minister resigns as inflation hits 85% and rial sinks to record low
Iran's oil minister, Mohsen Paknejad, has resigned days after allegations that an intermediary trust owed the state nearly $2 billion…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Brazil’s Real and Stocks Surge as Bolsonaro Takes Election Lead
Brazil's currency, stocks and bonds jumped after rightwing senator Flávio Bolsonaro took a first-round lead over President Luiz Inácio Lula…
US jobs revision turns July’s payroll gain into a loss
The Bureau of Labor Statistics revised July and August payroll gains down by 60,000 on Oct. 2, turning July's reported…
China shuts 670 banks as Beijing accelerates financial-system consolidation
China closed a record 670 banks in 2025, about a quarter of its lenders, as Beijing accelerates a consolidation drive…
Goldman Sachs sees Brazilian real gains after Bolsonaro’s first-round surge
Goldman Sachs projects the Brazilian real could trade between 4.50 and 4.80 per U.S. dollar after first-round election results that…
