Analysis: Currencies

AI drives new highs

ORLANDO, Florida -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Key U.S. and global stock markets...

Austria's RBI 'derecognizes' $1.41 billion legal claim from Rasperia for Q2

Austria's Raiffeisen Bank International on Thursday said it derecognizes 1.2 billion euros in expected proceeds from enforcing claims against Rasperia Trading Limited's Austrian assets for the...

Russia says rising tariffs threaten US and global economy

MOSCOW -Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday that rising trade tariffs carried risks for the economy of the United States and the whole world. Zakharova...

Euro zone business activity growth hits 11-month high in July, PMI shows

LONDON -Euro zone business activity accelerated faster than forecast this month, supported by a solid improvement in the bloc's dominant services industry and with manufacturing showing further signs...

Subdued dollar firms after ECB leaves rates alone; tariffs and Fed in focus

The dollar traded sideways versus the euro on Thursday after the European Central Bank held rates steady, and was confined to a tight range against the yen as prospects for higher Japanese rates...

Britain and India sign free trade pact during Modi visit

LONDON/NEW DELHI -Britain and India signed a free trade agreement on Thursday during a visit by Indian Prime Minister Narendra Modi, sealing a deal to cut tariffs on goods from textiles to whisky and...

Exclusive-Chinese engines, shipped as 'cooling units', power Russian drones used in Ukraine

Chinese-made engines are being covertly shipped via front companies to a state-owned drone manufacturer in Russia, labelled as industrial refrigeration units to avoid detection in the wake of Western...

CapVest eyes majority stake in German drugmaker Stada, Bloomberg News reports

London-based buyout firm CapVest Partners is in talks to acquire a majority stake in German drugmaker Stada Arzneimittel, Bloomberg News reported on Tuesday. The deal would value Stada...

Dutch court lifts seizure of Gazprom's local assets

A court in The Hague has lifted a seizure order on Russian energy giant Gazprom's assets in the Netherlands, a ruling published on the court's website showed. The ruling last week shows...

US tariffs could cost Italy up to 0.8% of GDP, business lobby says

MILAN -U.S. tariffs of 30% on European Union goods could shave up to 0.8% off Italy's gross domestic product in 2027, the country's main business lobby said on Monday, as transatlantic trade...

Trump tariffs force Greek olive oil producers to seek new markets

VARVASAINA -Greek olive oil producer Konstantinos Papadopoulos wasted little time when the threat of U.S. tariffs was floated by President Donald Trump in the spring. He immediately started looking...

Slovakia to allow approval of new EU sanctions on Russia on Friday, PM Fico says

PRAGUE -Slovakia will stop blocking the approval of the 18th package of European Union sanctions against Russia on Friday, Prime Minister Robert Fico said. Fico said on Thursday...

Russia's July inflation expectations steady at 13%, supporting case for rate cut

MOSCOW -Inflation expectations among Russian households for the year ahead, an important gauge closely watched by the central bank, remained steady at 13% in July compared with June, the central...

Dollar gains broadly; yen dips before election Japan election

NEW YORK -The dollar rebounded broadly on Thursday following a turbulent session on Wednesday when U.S. President Donald Trump denied reports that he was planning to fire Federal Reserve Chair Jerome...

High interest rates in Russia could prompt distressed asset M&A surge, study shows

MOSCOW -Prolonged high interest rates in Russia may drive mergers and acquisitions of distressed assets, a study by leading law firms showed, though Western-led sanctions and a liquidity shortage...

Currencies: Limited potential

The dollar's decline since the beginning of 2025 has been the subject of much discussion. However, when comparing Trump 1.0 and Trump 2.0, major similarities are emerging.

For Europe, 30% US tariff would hammer trade, force export model rethink

BRUSSELS -The 30% tariff on European goods threatened by U.S. President Donald Trump would, if implemented, be a game-changer for Europe, wiping out whole chunks of transatlantic commerce and forcing...

The art of hogging headlines, using tariffs

A look at the day ahead in European and global markets from Wayne Cole. It looks increasingly clear that for President Trump, tariffs are mainly a convenient means of dominating the...

Wealth funds warm to active management - and China - to weather volatility, report shows

LONDON -The world's sovereign wealth funds are turning to active fund management and investments in China, while central banks are diversifying reserves to weather a volatile global environment, an...