Analysis: Currencies

Chinese drone experts worked with sanctioned Russian arms maker, sources say

Chinese drone experts have flown to Russia to conduct technical development work on military drones at a state-owned weapons manufacturer that is under Western sanctions, according to two European...

Stocks fall as dollar rises, gold falls with Fed rate path in question

By Sinéad Carew and Amanda Cooper NEW YORK/LONDON -MSCI's global equities gauge fell on Wednesday while the dollar rose and gold prices dipped, as investors digested cautious comments...

Sterling falls as Powell takes cautious tone on rate cuts

LONDON -The pound fell against the dollar on Wednesday, after Federal Reserve Chair Jerome Powell offered a cautious view on the need for more rate cuts, which gave the U.S. currency a modest lift. ...

Russian finance ministry proposes raising VAT to help fund Ukraine war

MOSCOW -Russia's finance ministry proposed raising the rate of value-added tax on Wednesday to 22% from 20% in 2026 to fund military spending and help curb a swelling budget deficit, in what would be...

Asian stocks slip as growth concerns cloud outlook

SINGAPORE -Stocks in Asia fell on Wednesday, following declines on Wall Street as remarks by Federal Reserve Chair Jerome Powell gave little indication about the future path of interest rates and...

Dollar rises after Powell reiterates caution over further easing

TOKYO/LONDON -The U.S. dollar rose on Wednesday, rebounding from its lowest level in nearly a week, after Federal Reserve Chair Jerome Powell struck a cautious tone on further easing overnight,...

Romania readies final debt deals of turbulent year

LONDON -Romania is readying some end-of-year bond sales and buybacks now the political upheaval that had engulfed the country - and still hangs over its investment grade credit rating - looks to have...

Sterling dips after gloomy PMI surveys

LONDON -The pound sagged on Tuesday after a survey showed British business activity slowed in early September, as companies reported a loss of momentum and confidence given the rising risk of tax...

Full impact of U.S. tariff shock yet to come as growth holds up, OECD says

PARIS -Global growth is holding up better than expected, but the full brunt of the U.S. import tariff shock is still to be felt as AI investment props up U.S. activity for now and fiscal support...

UN aviation gathering opens under shadow of cyberattacks, geopolitical tensions

A global gathering of aviation leaders that kicked off on Tuesday in Montreal faced U.S. criticism over its green focus, even as delegates confront high tech threats, pollution from rising numbers of...

Ukraine accepts IMF forecast of bigger $65 billion financing gap, Bloomberg News reports

The International Monetary Fund has persuaded Ukraine's government to accept the fund's $65 billion estimate of foreign funding needed through 2027 compared to Ukraine's earlier $38 billion estimate,...

Euro needs enhanced global role but cannot overtake the dollar, Bundesbank says

FRANKFURT -The euro cannot replace the dollar as the world's dominant currency, but needs to strengthen its global role, partly to protect the bloc in case of a sustained loss of confidence in the...

Ukrainian Railways plans freight tariff increase to tackle debt

KYIV -State-owned Ukrainian Railways has prepared a recovery plan that includes raising freight tariffs to help control its debt amid intensified Russian attacks and falling cargo deliveries, CEO...

Currencies: End of the dollar's decline

I admit that this catchy headline is a tad pretentious. However, it simply reflects the chart pattern of the dollar index since 2022, which only needed a helping hand to materialize - in the form of...

What and where are Russia's frozen assets in the West?

MOSCOW -As much as $250 billion worth of Russian assets have been frozen in the European Union since the U.S. and its allies prohibited transactions with Russia's central bank and finance ministry...

EU to reopen market for Brazil's chicken meat after bird flu outbreak

SAO PAULO -The European Union will reopen its market to Brazil's chicken meat, lifting a ban imposed in May after a bird flu outbreak in Rio Grande do Sul state, Brazil's agriculture ministry said in...

Global equity funds see a surge in weekly outflows

Investors divested equity funds on a large scale in the week to September 17 to lock in profits as an extended record-setting rally in global stocks amid an interest rate cut by the Federal Reserve...

EU floats plan to use frozen Russian assets for Ukraine loan, bypassing a Hungary veto

BRUSSELS -The European Union is discussing ways to use frozen Russian assets to underpin a so-called reparation loan to Ukraine to bolster its wartime finances and bypass the risk of a veto by...

Cyber attacks cost German economy 300 billion euros in past year, survey finds

BERLIN -Cyber attacks, launched increasingly often by foreign intelligence agencies rather than criminals, cost the German economy almost 300 billion euros over the past year, according to a survey...