US Dollar Nears 160 Yen as Inflation Fuels Fed Rate-Hike Bets
The dollar index climbed to 102.85 and the yen traded near 159.58 per dollar as stronger US inflation and hawkish Fed signals lifted rate expectations.
Category: Finance
Personal finance news covering banking, loans, mortgages, savings, retirement planning, insurance, tax considerations, and financial policy for readers in major international markets.
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US Sanctions 8 Canadian Money-Exchange Firms Over Alleged Iran Links
The US Treasury has sanctioned eight Canadian money-services businesses over alleged Iran-linked transactions involving currency exchange and digital assets. Canada’s FINTRAC confirmed coordination with US agencies.
Central Banks Pause Rate Hikes, but Borrowers and Savers Still Face Uncertainty
Major central banks largely held rates in October, but sticky inflation means mortgage, savings and borrowing costs may stay uncertain.
Oil Slides Below $100 as AI Stocks Rebound After Global Sell-Off
Oil fell below $100 as hopes of Middle East de-escalation grew, while AI stocks rebounded Friday after a steep global sell-off. US jobs data added to rate uncertainty.
China Factory Activity Sends Mixed Signals as Official PMI Falls to 49.3
November 2, 2026 China’s manufacturing sector delivered a mixed picture in October, with an official business survey showing a return to contraction while a separate private-sector survey continued to indicate expansion. China’s official Manufacturing Purchasing Managers’ Index (PMI) fell to 49.3 in October, down from 50.1 in September, according to data released by the National…
Trump Says US-Canada Trade Deal Is Close, Raises Keystone XL Pipeline Proposal
US President Donald Trump says Washington is close to a new trade agreement with Canada after speaking with Prime Minister Mark Carney. The proposed deal could involve tariff relief and renewed energy cooperation, including a controversial pipeline proposal, but neither government has announced a final agreement. The United States and Canada have signalled fresh progress…
AI Stocks: Investors Prepare for a Possible Sell-Off
The artificial intelligence boom is facing a new kind of market test. After years of rising valuations and massive investment in chips and data centres, some investors are increasingly looking for ways to protect themselves if the AI trade loses momentum. Recent activity on Wall Street suggests that investors are not necessarily abandoning artificial intelligence….
South Korea Exports Surge on AI Chip Boom
South Korea’s exports nearly doubled in October, reaching a record monthly value as worldwide investment in artificial intelligence infrastructure drove demand for semiconductors, computer equipment and other technology products. The country’s exports rose 93.7% year-on-year to $115.28 billion, according to trade data released on November 1, 2026. It was the strongest annual increase since January…
Binance Hack: FBI Says US Secured Court Approval to Seize $1.2 Billion
US authorities have obtained court approval to seize or restrain more than $1.2 billion in cryptocurrency stolen from Binance, while a wider government and industry effort has frozen over $2.7 billion. The DOJ also announced action against a separate North Korean deepfake scam.
AI Spending Fears Trigger Wall Street Tech Sell-Off as Nasdaq Falls 2.86%
Market Update — November 5, 2026: US equities rebounded after the midterm elections, with the Dow rising more than 3%, the S&P 500 gaining 1.6% and the Nasdaq advancing 1.4%, according to the Associated Press. Asian technology shares remained weaker: South Korea’s Kospi fell 3.5%, Samsung Electronics declined 5.7% and SK Hynix dropped 7.4%. The…
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