Currencies

Russia's Nornickel says China payments problem persists after Xi-Putin meetings

VLADIVOSTOK, Russia -Chinese banks are still delaying payments for Russian imports by up to four weeks, a senior executive at metals producer Nornickel said on Thursday, despite assurances from...

Russia may extend gasoline exports ban for producers through October, RIA reports

MOSCOW -Russian authorities may prolong the gasoline export ban for oil producers into October, Russian state-run news agency RIA reported on Thursday, citing Vitaly Korolev, deputy head of the...

DAX Edges Upward as Investors Eye US Labor Market

Investors on the German stock market largely kept a low profile on Thursday. The DAX was up 0.1 percent in early trading at 23,621 points, following a half-percent gain on Wednesday. The prospect of...

Russian court recovers $105.4 million in damages from Euroclear, RIA reports

MOSCOW -An arbitration court in Moscow has recovered some $105.4 million in damages from Belgium's Euroclear following a lawsuit filed by a former division of Russia's largest lender Sberbank, the...

Slovak gas pipeline operator's owner posts H1 earnings drop after gas flows halted

PRAGUE -EP Infrastructure , majority owned by Czech billionaire Daniel Kretinsky's EPH energy group, reported a 27% year-on-year fall in first-half adjusted EBITDA, to 524 million euros, hit by a...

Putin says China to benefit from market-based gas price via new pipeline

BEIJING -Russian President Vladimir Putin said on Wednesday that the planned new Power of Siberia 2 gas pipeline would give a competitive advantage to China because the world's biggest energy...

BoE's Bailey 'very concerned' about threats to US Fed independence

LONDON -Bank of England Governor Andrew Bailey said on Wednesday he was very concerned about threats to the U.S. Federal Reserve's independence, describing it as a very serious issue. ...

Russia's car market struggles to recover as sales decline deepens in August

New car sales in Russia fell by 17.6% year-on-year in August, accelerating from July's 11.4% decline, data showed on Wednesday, as lower interest rates failed to revive the market. The...

UK budget speculation adds to risks for the economy

and possib...

Fed rate cuts and doubts over independence to keep US dollar under pressure

BENGALURU -The U.S. dollar will weaken over coming months as market participants ponder the Federal Reserve's future independence and how many more rate cuts it may deliver, a Reuters survey of...

Slovakia wants to normalise relations with Russia, ramping up gas imports, PM Fico says

Slovakia wants to normalise its relations with Moscow and is increasing imports of Russian gas through the TurkStream pipeline, Slovak Prime Minister Robert Fico told Russia's President Vladimir...

Russian seaborne diesel exports fell in August, data shows

MOSCOW -Russia's seaborne diesel and gasoil exports fell 6% on the month in August to about 3.1 million metric tons as damage from Ukrainian drone strikes hit production, data from market sources and...

India eyes Russia, Brazil, Netherlands for pharma export growth as US tariffs concerns linger

India plans to increase pharmaceutical exports to Russia, the Netherlands and Brazil, according to two industry sources aware of the matter, aiming to expand its presence beyond the United States,...

What is Russia's Power of Siberia pipeline 2 to China?

MOSCOW -Russia's Gazprom has agreed to a modest rise in gas supplies to China via an existing pipeline and has signed a memorandum on building the vast Power of Siberia 2 pipeline. What...

Liechtenstein bank LLB exits Gulf, refers clients to Rothschild

DUBAI -Liechtensteinische Landesbank is withdrawing from the United Arab Emirates and will refer its Gulf clients to Rothschild & Co, the two firms said in separate statements on Tuesday. ...

Ukraine's power exports jumped in August, analyst ExPro says

KYIV -Ukraine, whose power system has come under continued drone and missile attacks by Russia, boosted its electricity exports by 60% in August from July to 450 megawatt hours, the Ukrainian ExPro...

Sterling, Japanese yen slump on investor anxiety over public finances

SINGAPORE -Sterling and the Japanese yen slumped on Tuesday on the back of growing investor anxiety about government finances, allowing the dollar to claw back some ground after five days of selling....

German economy minister considers providing defence sector state financing

BERLIN -Germany's economy minister said on Monday she was considering providing state financing to the defence industry as it ramps up production in the face of the growing threat posed by Russia...

Sterling on track for three-day slide versus euro amid fiscal concerns

Sterling rose against a weakening dollar on Monday but was on track for a 3-day falling streak versus the euro, as investors awaited U.S. economic data later this week amid renewed concerns over...