Analysis: Currencies

With markets underpricing risk, Europe must not ease bank regulation, ECB argues

FRANKFURT -Financial markets are underpricing geopolitical risks and nearly all euro zone banks are exposed to some extent, so weakening regulation now could jeopardize the sector's viability in the...

Currencies: dollar at a turning point

With the shutdown now a thing of the past, one of the recent supports for the dollar may have disappeared with it. We should have some answers this week with the release of the latest US inflation...

German exports get welcome boost from Eastern Europe, says business group

BERLIN -Germany's export business, struggling under high U.S. tariffs and a slump in China, got a welcome shot in the arm from trade with Eastern Europe in the first nine months of this year,...

Berlin to set aside 7.6 billion euros for TenneT Germany as it considers 25.1% stake

BERLIN -The German government is considering acquiring a 25.1% minority stake in electricity grid operator TenneT's German unit, an economy ministry spokesperson said on Wednesday, for which it plans...

Rumors rife about Starmer's future in London

Rumors about the future of the British Prime Minister and poor employment figures have reinforced the prospect of a rate cut in December. Gilt yields and the pound sterling are falling.

Biggest IKEA retailer reports profit rise as it tries to sway budget-conscious buyers

STOCKHOLM/LONDON -The world's biggest retailer of IKEA furniture reported a rise in annual profit on Tuesday, while it tries to bring back cash-strapped consumers, and said it had raised prices in...

What is climate finance and why does it matter?

BELEM, Brazil -Countries trying to shift to clean energy while also preparing for extreme weather and other impacts in a warmer world will need money - a lot of it. As the costs and risks of global...

ECB's rates at right level barring deviations, ECB VP says

FRANKFURT -The European Central Bank's interest rates are at the appropriate level barring changes in the economic situation, the ECB's Vice President Luis de Guindos said in an interview published...

European business braces for greater impact from US tariffs in 2026

BRUSSELS -European business sees a far greater impact in 2026 from U.S. tariffs and other trade tensions than in 2025, when front-loading mitigated the consequences, a survey by BusinessEurope showed...

Hungary gets exemption from US sanctions over Russian energy use, White House official says

WASHINGTON -The United States has granted Hungary a one-year exemption from sanctions connected to using Russian energy, a White House official said on Friday. ...

More 'bumps in the road' likely as Bank of England shrinks balance sheet, official says

LONDON -Money markets are likely to see more bumps in the road as the Bank of England reduces its balance sheet, but BoE liquidity facilities are working well to smooth them, a senior official said...

Norway to invest about $3 billion in forest conservation fund

BELEM, Brazil -Norway will contribute about $3 billion to the Tropical Forests Forever Facility, a multilateral fund proposed to support global conservation of endangered forests, the government said...

Norway to invest $3 billion in the TFFF forest conservation fund

BELEM, Brazil -Norway will contribute about $3 billion to the Tropical Forests Forever Facility , a multilateral fund proposed by Brazil to support global conservation of endangered forests, sources...

ECB comfortable with rates; sees only temporary inflation undershoot, VP says

FRANKFURT -The European Central Bank is comfortable with the current level of interest rates and considers any inflation dip below 2% to be temporary, Luis de Guindos, the bank's Vice President said...

Currencies: not a foregone conclusion

Small statements often make a big splash, and the latest meeting of the US Federal Reserve was no exception. While Jerome Powell delivered an eagerly awaited speech, it took very little for everything...

Russia plans to issue debut sovereign yuan-denominated bonds, sources say

MOSCOW -Russia is planning to issue its debut yuan-denominated bond on the local market this year, sources told Reuters, offering an investment option for the vast amounts of yuan liquidity...

ECB hopes to launch digital euro pilot in 2027

FLORENCE, Italy -The European Central Bank said on Thursday it could launch a pilot of its digital currency in 2027 provided it can secure timely approval from lawmakers for a project it deems vital...

Yen weakens after BOJ holds rates steady, Fed boosts dollar

NEW YORK -The Japanese yen tumbled against the U.S. dollar on Thursday after the Bank of Japan adopted a less hawkish tone than traders expected, while the greenback was boosted after Federal Reserve...

Euro appreciation significantly eroding EU competitiveness, ECB's Panetta says

ROME -The appreciation of the euro is significantly eroding the price competitiveness of European products, the European Central Bank's governing council member Fabio Panetta said on Tuesday. ...