Analysis: Currencies

Irish manufacturing sees robust output growth in July, PMI shows

DUBLIN -Ireland's manufacturing sector maintained strong growth in July, with output levels rising for the seventh successive month despite facing increased input cost pressures, a survey showed on...

Pound heads for worst month since 2022 budget crisis

LONDON -The pound headed towards its largest monthly loss against the dollar since September 2022 on Thursday, reflecting growing confidence among investors in the outlook for the U.S. economy and...

Russia's VTB reports drop in quarterly profit, raises full-year outlook

MOSCOW -Russia's second-largest lender VTB on Thursday reported a 10% year-on-year drop in second-quarter net profit to 139.2 billion roubles , as high interest rates squeezed the bank's net...

Hungary's Orban pledges housing subsidies for public servants in pre-election push

BUDAPEST -Hungary plans to give public servants, including police and teachers, an annual 1 million forint housing subsidy, Prime Minister Viktor Orban announced as he gears up for a closely-fought...

UK's Starmer, Oman's sultan agree to deepen ties in energy, defence and tech

LONDON -British Prime Minister Keir Starmer and Oman's Sultan Haitham bin Tariq al-Said agreed on Wednesday to deepen collaboration across energy, technology, defence and security, a Downing Street...

Fed leaves rates steady despite Trump pressure, gives no hint of September cut

WASHINGTON -The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell's comments after the decision undercut confidence that borrowing costs would begin...

Ukraine's PrivatBank wins UK lawsuit against former owners over alleged fraud

LONDON -Ukraine's PrivatBank on Wednesday won its London lawsuit against its former owners for siphoning off nearly $2 billion from the country's largest lender. PrivatBank accused Ihor...

Sterling edges up ahead of Fed, investors uncertain about BoE policy path

Sterling was marginally higher on Wednesday as investors awaited the outcome of the Federal Reserve's policy meeting, after digesting news this week of a trade deal between the United States and the...

Euro bulls wince as US-EU trade deal slams the brakes on rally

LONDON -Euro bulls are facing the first big test of their conviction in the form of the European Union's U.S. trade deal, which has cast doubt on the durability of one of 2025's most popular trades. ...

IMF lifts 2025 GDP emerging economies' outlook on improved China view

NEW YORK -The International Monetary Fund raised its outlook for economic growth across emerging market and developing economies this year to 4.1% from 3.7%, driven by frontloading and a more upbeat...

Pound at 10-week low against dollar after US-EU trade deal

LONDON -The pound fell to a 10-week low against a stronger dollar on Tuesday, while staying just off a two-year low against the euro, as markets continue to digest the announcement of the trade deal...

Russia's Yandex rebounds from loss to post Q2 profit growth

Russian internet giant Yandex bounced back from a first-quarter net loss to report a 34% year-on-year rise in second-quarter adjusted net profit to 30.4 billion roubles , the company said on...

Exclusive-Brazil in talks with TPG, Brookfield over $4 billion climate finance push

LONDON/BRASILIA -Brazil is in talks with global investors including TPG and Brookfield to raise nearly $4 billion for climate-focused projects, as it ramps up a green finance push ahead of hosting...

Sterling bounces off two-year low on euro, soft on dollar

LONDON -The pound briefly hit a two-year low versus the euro on Monday, before rebounding, and dipped on the dollar, though its moves were largely a function of those elsewhere as investors digested...

Dollar rises against major peers after US-EU trade pact

NEW YORK/LONDON -The dollar rose against the euro and yen on Monday as markets were buoyed by a trade agreement between the U.S. and the EU, which brought some market certainty and averted a global...

Russia starts first Moscow-Pyongyang passenger flights in decades

Russia will launch direct passenger flights from Moscow to North Korea's capital Pyongyang on Sunday, Russian authorities said, as the two former communist bloc allies move to improve ties following...

Sterling at four month low against euro as UK and euro zone rates diverge

LONDON -The pound dropped to its weakest level against the euro in four months on Friday as a weekly decline in gilt yields on soft British data contrasted with higher European yields on expectations...

CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions, sources say

NEW DELHI -Russia-backed Indian refiner Nayara Energy has named a new chief executive after its previous CEO resigned following European Union sanctions that targeted the company, four sources with...

Russia's anti-monopoly body opens case against Gazprom business over low fuel sales

MOSCOW -Russia's Federal Anti-Monopoly Service has launched a probe into Gazprom's oil product sales business, saying on Friday the company significantly cut gasoline sales on a local exchange. ...