UK firms jittery about rise in labour costs and Trump tariffs, survey shows

UK firms jittery about rise in labour costs and Trump tariffs, survey shows

British companies face a challenging 2025, the British Chambers of Commerce said on Wednesday with an increase in employment costs and potential tariffs on exports likely to hit their investment and...
December 04, 2024 at 10:34 pm
Putin urges government and central bank to coordinate action to curb high inflation

Putin urges government and central bank to coordinate action to curb high inflation

Russian President Vladimir Putin called for the government and central bank to coordinate their efforts to curb high inflation, saying on Wednesday that increasing the supply of goods and services to...
December 04, 2024 at 01:19 pm
Norway should begin process of divesting Russian assets, central bank says

Norway should begin process of divesting Russian assets, central bank says

OSLO -Norway's government should let its huge sovereign wealth fund sell parts of its Russian portfolio when possible, ending a general freeze in place since 2022 that has prevented divestment, the...
December 04, 2024 at 11:13 am
Russian central bank governor says Dec. 20 rate hike not pre-determined

Russian central bank governor says Dec. 20 rate hike not pre-determined

Another key interest rate hike is possible at the central bank's Dec. 20 rate-setting meeting, but such a decision is not pre-determined as the impact of the weaker rouble on inflation will be offset...
December 04, 2024 at 08:46 am
Bond vigilantes spare France for now, but political crisis will bring more pain

Bond vigilantes spare France for now, but political crisis will bring more pain

Bond investors are likely to spare France the dire financial storm Prime Minister Michel Barnier has warned of, but the fallout from the political crisis will hurt businesses, consumers and...
December 04, 2024 at 05:02 am
US job openings rise in October, layoffs decrease

US job openings rise in October, layoffs decrease

U.S. job openings increased moderately in October while layoffs declined, suggesting the labor market continued to slow in an orderly fashion. Job openings, a measure of labor demand,...
December 03, 2024 at 03:19 pm
Russia's interest rate, inflation seen higher after rouble's fall- Reuters poll

Russia's interest rate, inflation seen higher after rouble's fall- Reuters poll

The Russian central bank is set to raise its benchmark interest rate by another 200 basis points to 23% at its Dec. 20 board meeting after the rouble's sharp fall in November, a Reuters poll showed on...
December 03, 2024 at 02:12 pm
Sterling picks up versus dollar, flat against euro

Sterling picks up versus dollar, flat against euro

Sterling gained against the dollar on Tuesday after dovish comments from Federal Reserve Governor Christopher Waller and was steady against the euro as political turmoil in France kept investors on...
December 03, 2024 at 10:52 am
Trump tariffs could weigh on European growth and inflation, ECB's Cipollone says

Trump tariffs could weigh on European growth and inflation, ECB's Cipollone says

Import tariffs expected to be implemented by the administration of U.S. President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank...
December 03, 2024 at 09:17 am
Sterling rises versus euro towards its 2-1/2-year high

Sterling rises versus euro towards its 2-1/2-year high

Sterling dropped versus the dollar and rose against the euro on Monday, with political troubles in France and the so-called Trump trade back in focus. The euro fell on Monday on growing...
December 02, 2024 at 10:44 am
Exclusive-Russia's VTB expects rouble to stabilise around 100/dollar, CEO says

Exclusive-Russia's VTB expects rouble to stabilise around 100/dollar, CEO says

The Russian rouble will stabilise at around 100 to the U.S. dollar after the period of volatility in the aftermath of U.S. sanctions on Russia's financial sector, CEO of Russia's second largest lender...
December 02, 2024 at 06:06 am
Exclusive-Russia's VTB does not expect Western sanctions to be lifted soon

Exclusive-Russia's VTB does not expect Western sanctions to be lifted soon

Western sanctions imposed on Russia over its military action in Ukraine will not be lifted anytime soon, the CEO of Russia's second largest lender VTB Andrei Kostin told Reuters in an interview. ...
December 02, 2024 at 06:03 am
Dollar faces crunch week for US rates, yen holds gains

Dollar faces crunch week for US rates, yen holds gains

The dollar started in a cautious mood on Monday in what is shaping up to be a critical week for the prospect of U.S. rate cuts, while the yen's recent rebound was underpinned by wagers on rising rates...
December 01, 2024 at 11:23 pm
Russia lifts gasoline export ban for producers

Russia lifts gasoline export ban for producers

Russia's government lifted a temporary ban on the bulk of gasoline exports supplied by producers, while extending the restrictions for other exporters, such as independent traders and re-sellers,...
November 30, 2024 at 08:36 am
Russia's Rosneft may delay refinery modernisation due to high interest rates, taxes

Russia's Rosneft may delay refinery modernisation due to high interest rates, taxes

MOSCOW -Rosneft, Russia's largest oil producer, said on Friday it may delay modernizing its refineries due to high interest rates and taxes, as its nine-month profit fell 13.9% year on year to 926...
November 29, 2024 at 08:58 pm
Russia's Gazprom swings to Q3 loss on one-off tax as 9-month income surges

Russia's Gazprom swings to Q3 loss on one-off tax as 9-month income surges

MOSCOW -Gazprom, Russia's largest gas producer, incurred a loss of 53 billion roubles in the third quarter of 2024 due to an expected one-off rise of 20% in the profit tax rate expected in 2025, the...
November 29, 2024 at 05:23 pm
Pound set for best week since September as dollar stumbles

Pound set for best week since September as dollar stumbles

The pound held steady on Friday, leaving it on track for its biggest weekly rise since mid-September after the dollar gave up some of its post-election gains. Sterling was last at $1.269...
November 29, 2024 at 11:28 am
Euro zone inflation edges up; 'underlying' price growth steady

Euro zone inflation edges up; 'underlying' price growth steady

Euro zone inflation accelerated in November and its most closely watched components remained high, data showed on Friday, adding to the case for a more cautious European Central Bank interest rate cut...
November 29, 2024 at 10:03 am
Asian shares slip, yen aims for best week in 4 months on BOJ hike bets

Asian shares slip, yen aims for best week in 4 months on BOJ hike bets

Asian shares slipped on Friday while the yen was aiming for its best week in four months as strong local inflation data had traders favouring an imminent rate hike from the Bank of Japan. ...
November 29, 2024 at 01:57 am
Sterling ticks lower versus dollar in quiet session

Sterling ticks lower versus dollar in quiet session

Sterling edged lower against a firm dollar on Thursday and gained slightly versus the euro in a quiet trading session due to a U.S. holiday. The pound retreated 0.1% at $1.26625 but was...
November 28, 2024 at 11:38 am