Currencies

Russia orders Russian Railways to sell $2.4 billion Moscow Towers to pay debts, three sources say

Russia's government has ordered Russian Railways to sell a 62-floor central Moscow skyscraper to help the railway monopoly pay off some of its $50 billion debt, three sources told Reuters. ...

TEXT-Statement from the ECB following policy meeting

Following is the statement from the European Central Bank following its policy meeting. The Governing Council today decided to keep the three key ECB interest rates unchanged. ...

Bank of England cuts rates after tight vote but signals caution over further moves

The Bank of England cut interest rates on Thursday after a narrow vote by policymakers but it signalled that the already gradual pace of lowering borrowing costs might slow further.  ...

Russia's central bank says it will sue European banks in Russian court over frozen assets

Russia's central bank said on Thursday it will extend its legal action beyond its lawsuit against Belgium-based depository Euroclear and sue European banks in a Russian court over attempts to use...

EU leaders will loan 90 billion euros to Ukraine, but fail to agree to use frozen Russian assets

European Union leaders decided on Friday to borrow cash to loan 90 billion euros to Ukraine to fund its defence ?against Russia ?for the next two years rather than use frozen Russian assets,...

ECB upgrades growth outlook, closing door to more cuts

The European Central Bank kept its policy rates steady on Thursday and revised upwards some of its growth and inflation projections, a move that probably closes the door to further cuts in borrowing...

Cinven announces departure of two senior executives amid UK pricing probe

International private equity firm Cinven said on Wednesday co-Managing Partner Supraj Rajagopalan and Chief Financial Officer Alex Leslie, who is also the chief operating officer, will step down from...

Russian court will hear central bank's lawsuit against Euroclear on January 16

A Moscow court will hold a preliminary hearing on January 16 on the Russian central bank's lawsuit against Belgian depository Euroclear, the court's press service said on Wednesday. The...

ECB: Payment fraud rises to 4.2 billion eur in 2024, strong authentication remains effective

The total value of payment fraud in the European Economic Area rose to 4.2 billion euros in 2024 from 3.5 billion in 2023, the European Central Bank said on Monday.  In a statement,...

Russia seeks $230 billion in damages from Euroclear over seized assets

Russia's central bank has filed a lawsuit in Moscow seeking $230 billion in damages from Euroclear, marking the first step in what the Kremlin has warned will be a legal nightmare for the EU over...

Bank of England heads for close vote on likely rate cut

The Bank of England looks set for a knife-edge vote on interest rates this week with Governor Andrew Bailey expected to change his view and tip the balance for a cut. Barring a major...

Russia's monthly oil and gas revenue poised to hit lowest since August 2020

Russian state oil and gas revenue in December is likely to almost halve from a year earlier to 410 billion roubles as a result of lower crude prices and a stronger rouble, Reuters calculations showed...

EU agrees to indefinitely freeze Russian assets, removing obstacle to Ukraine loan

The European Union agreed on Friday to indefinitely freeze Russian central bank assets held in Europe, removing a big obstacle to using the cash to help Ukraine defend itself against Russia. ...

BOJ to pledge more rate hikes at next week's policy meeting, sources say

The Bank of Japan will likely maintain a pledge next week to keep raising interest rates, but stress the pace of further hikes will depend on how the economy reacts to each increase, said three...

Sterling dips after data shows surprise drop in UK GDP

The pound dipped on Friday after data showed the UK economy unexpectedly shrank in the three months to October.  Economic activity fell by 0.1% between August and October, while falling...

Russian central bank says EU plans to use its assets are illegal

Russia's central bank said on Friday European Union plans to use its assets were illegal and it reserved the right to employ all available means to protect its interests. It said...

Will it be a hike next year? Five questions for the ECB

The European Central Bank meets on Thursday, with traders suddenly speculating a rate hike could be on the cards in 2026. Since policymakers last met in October, there has been more...

Lukoil leans towards Xtellus' cashless bid for its foreign assets

Russia's Lukoil favours U.S. bank Xtellus Partners' bid for its global assets over a dozen rival bids, as it takes the form of a cashless deal that would return U.S.-held securities to the Russian oil...

ECB proposes simpler bank capital rules

The European Central Bank proposed a simplification of bank capital buffer rules on Thursday, looking to prune some of the complex regulation put in place after the global financial crisis without...