Russia's struggling grain trader gives up foreign passport to keep business

Russia's struggling grain trader gives up foreign passport to keep business

The owner of a company that was until recently Russia's largest grain trader has given up his foreign citizenship, a source close to his company told Reuters, in an apparent attempt to remain in...
February 05, 2025 at 05:24 pm
Russia seeks to end foreign corporate holding of vodka producer Russian Standard

Russia seeks to end foreign corporate holding of vodka producer Russian Standard

Russia's finance ministry has added the Russian Standard Group companies to a list of economically significant organisations and launched an arbitration case over their foreign corporate holding...
February 05, 2025 at 10:13 am
Russia plans to boost yuan sales by 17% to support the rouble

Russia plans to boost yuan sales by 17% to support the rouble

Russia said on Wednesday it would boost its sales of Chinese yuan by 17% from Feb. 7 in a move seen as aimed at supporting the rouble in the face of increased volatility due to Western sanctions and...
February 05, 2025 at 09:57 am
Russian services sector sees fastest growth in a year, PMI shows

Russian services sector sees fastest growth in a year, PMI shows

Russia's services sector saw its fastest growth in a year in January, buoyed by a sharp increase in new business, a survey showed on Wednesday. The S&P Global Purchasing Managers' Index...
February 05, 2025 at 06:01 am
Sterling drops versus euro after biggest daily rise in months, awaits BoE

Sterling drops versus euro after biggest daily rise in months, awaits BoE

The pound edged lower against the euro on Tuesday after recording its biggest daily rise in three months a day earlier as investors expect U.S. tariffs to hurt the economy more in Europe than in the...
February 04, 2025 at 09:55 am
Central bank body urges policy revamps to heed COVID lessons

Central bank body urges policy revamps to heed COVID lessons

Central bank body the Bank for International Settlements has urged the likes of the Federal Reserve and European Central Bank to revamp the way they approach interest rate setting to avoid the...
February 03, 2025 at 11:36 pm
Investors with 6 trillion euros warn EU not to weaken green rules

Investors with 6 trillion euros warn EU not to weaken green rules

Investors with 6.6 trillion euros in assets under management have urged the European Union not to weaken its sustainability rules, as Brussels draws up plans to cut red tape around green finance. ...
February 03, 2025 at 11:03 pm
Dax heads for 22,000 points - inflation and tariffs in view

Dax heads for 22,000 points - inflation and tariffs in view

Investors on the stock market remain in a record mood at the end of the month. The Dax jumped 0.3 percent on Friday morning to an all-time high of 21,799.80 points and thus set its...
February 03, 2025 at 02:12 pm
Europe will have to make itself respected if commercial interests attacked, Macron says

Europe will have to make itself respected if commercial interests attacked, Macron says

If Europe is attacked on its commercial interests it will have to make itself respected, French President Emmanuel Macron said on Monday ahead of an informal defence meeting with EU leaders in...
February 03, 2025 at 10:52 am
Concerns about a trade war - negotiations scheduled at the last minute

Concerns about a trade war - negotiations scheduled at the last minute

Following the announcement of high special tariffs by US President Donald Trump, negotiations to avert a trade war are expected on Monday. Trump wants to speak with Canadian Prime...
February 03, 2025 at 10:26 am
Euro zone inflation accelerates in January on energy

Euro zone inflation accelerates in January on energy

Euro zone inflation accelerated slightly last month but remained on an anticipated course that could allow the European Central Bank to cut interest rates further, possibly as soon as March.  ...
February 03, 2025 at 10:07 am
Asia's factory activity weakens as Trump tariffs jolt sentiment

Asia's factory activity weakens as Trump tariffs jolt sentiment

Asia's factory activity weakened in January as soft Chinese demand and threats of higher tariffs by U.S. President Donald Trump weighed on business sentiment, private surveys showed on Monday,...
February 03, 2025 at 02:32 am
Sterling set for fourth monthly loss as UK economy softens

Sterling set for fourth monthly loss as UK economy softens

The pound headed for a fourth monthly loss on Friday, increasingly under pressure from investor concern about the outlook for the British economy, following January's bond market turmoil and in light...
January 31, 2025 at 11:10 am
Hungary to block EU Russia sanctions next time unless Ukraine gas transit resumes, Orban says

Hungary to block EU Russia sanctions next time unless Ukraine gas transit resumes, Orban says

Hungarian Prime Minister Viktor Orban threatened on Friday to block the next rollover of EU sanctions against Russia unless Brussels helps achieve a restart of Russian gas transit via Ukraine, which...
January 31, 2025 at 10:58 am
Beethoven or birds? ECB seeks ideas for new banknote designs

Beethoven or birds? ECB seeks ideas for new banknote designs

The European Central Bank is seeking a new design for euro banknotes, with possible subjects including great cultural figures like German composer Ludwig van Beethoven, or birds and rivers. ...
January 31, 2025 at 10:57 am
Israeli startups make global plans after key role in war

Israeli startups make global plans after key role in war

The drone that tracked Hamas leader Yahya Sinwar and filmed him as he lay dying in footage beamed around the world last October was made by Israeli startup Xtend, according to media reports, one of...
January 31, 2025 at 06:03 am
EU plans tariffs on Russia, Belarus farm produce, fertilisers

EU plans tariffs on Russia, Belarus farm produce, fertilisers

The European Commission proposed on Tuesday imposing tariffs on more agricultural products and certain nitrogen-based fertilisers from Russia and its ally Belarus to prevent a potential threat to EU...
January 28, 2025 at 08:05 pm
Sterling slips as U.S. tariff jitters prevail

Sterling slips as U.S. tariff jitters prevail

The pound fell against the dollar on Tuesday, looking set to break a three-day rising streak, as U.S. tariff threats retook the focus of currency investors after Monday's selloff in technology shares...
January 28, 2025 at 12:30 pm
Russia oil trade to China, India stalls as sanctions drive up shipping costs

Russia oil trade to China, India stalls as sanctions drive up shipping costs

Trade for March-loading Russian oil in top buyer Asia has stalled as a wide price gap between buyers and sellers emerged in China after costs for chartering tankers unaffected by U.S. sanctions...
January 28, 2025 at 06:13 am
Exclusive-Russian oil refining rises as US sanctions target crude exports - sources

Exclusive-Russian oil refining rises as US sanctions target crude exports - sources

Russian refineries are processing more crude oil in the hope of boosting fuel exports after new U.S. sanctions on Russian tankers and traders made exports of unprocessed crude more difficult, two...
January 27, 2025 at 03:05 pm