Analysis: Currencies

Kyiv to allocate $6.2 million to drone interceptor program

KYIV -Kyiv will allocate 260 million hryvnias for a drone interceptor program to defend the capital's skies from Russian drones, city authorities said on Friday. Russia has stepped up...

White House slams Powell over Fed finances, project cost overruns

The White House on Thursday launched a fresh attack on Federal Reserve Chair Jerome Powell, with a top Trump administration official saying Powell had grossly mismanaged the central bank, chastising...

IMF says new US tariffs keep trade uncertainty running high

WASHINGTON -The IMF said on Thursday it was closely monitoring the latest U.S. tariffs announcements, saying uncertainty about the global economic outlook remained high and urged countries to work...

Sterling steady as investors weigh BoE's financial stability report, tariff uncertainty

Sterling was little changed on Wednesday, as investors digested the Bank of England's half-yearly report on financial stability and assessed the potential impact of trade disputes on global economic...

Exclusive-Finland and Lithuania set to produce anti-personnel mines, officials say

VILNIUS/HELSINKI/TALLINN -Lithuania and Finland look set to start domestic production of anti-personnel landmines next year to supply themselves and Ukraine because of what they see as the military...

'Fortress Russia' has seized $50 billion in assets over 3 years, research shows

MOSCOW -Russian authorities have confiscated assets worth some $50 billion over the past three years, underscoring the scale of the transformation into a fortress Russia economic model during the war...

Sterling gains broadly as Trump unveils tariff specifics

LONDON -The pound rose on Tuesday, gaining against the likes of the yen after the U.S. announced 25% tariffs on imports from Japan and South Korea, as investors gravitated towards markets that are at...

BRICS tariff to be applied only if they adopt policies deemed 'anti-American', source says

WASHINGTON -The Trump administration will not immediately impose a new 10% tariff against members of the developing nation BRICS bloc, but will proceed if countries take so-called anti-American...

Currencies: A last gasp of pride or a dead cat rebounding?

The publication of the US employment report last Thursday caused a sharp jump in the greenback, even as the US economy showed remarkable resilience. The signing - or not - of new trade agreements...

Stocks, dollar dip as Trump passes spending bill, trade deal deadline nears

LONDON -Stocks slipped on Friday as U.S. President Donald Trump got his signature tax cut bill over the line and attention turned to his July 9 deadline for countries to secure trade deals with the...

At Sintra getaway, central bankers mull threats to their domain

SINTRA, Portugal -At their annual gathering in the hills of Portugal's Sintra, central bankers this week confronted rising challenges to their control of the global money system, from political...

Sterling steadies after selloff, fiscal worries prevail

Sterling edged higher on Thursday, stabilising after fiscal concerns and uncertainty about Rachel Reeves' future as Britain's finance minister sparked a selloff across UK assets in the previous...

Russian services sector contracts for first time in a year in June

Russia's services sector slumped into a contraction in June for the first time in a year, as slower growth in new orders led companies to cut output, a business survey showed on Thursday. ...

Investors mobilise for weeks of market whiplash from wild-card events

LONDON -Big investors are mobilising to trade through weeks packed with wild-card events that may shatter the calm in stock markets and drive big swings for assets they see as exposed to both...

Dollar gains after strong US jobs data stretches market hopes of Fed cut

NEW YORK -The U.S. dollar rose against major currencies, including the yen, euro and Swiss franc on Thursday, after data showing the U.S. economy created more jobs than expected, signalling that the...

Russia's jobless rate hits new all-time low in May

MOSCOW -Russia's unemployment rate, seen by the central bank as a key indicator of economic overheating, hit the new all-time low level of 2.2% of the workforce in May, statistical data showed on...

UK bond rout draws Truss comparisons as public finances rattle investors

LONDON -British government bonds tumbled sharply on Wednesday as a tearful appearance by Chancellor Rachel Reeves in parliament a day after the government backed down on its welfare reforms reignited...

Italy could lose 20 billion euros in exports, 118,000 jobs with US tariffs, industry head says

MILAN -Italy risks losing 20 billion euros in exports and 118,000 jobs next year if the U.S. imposes tariffs of 10% on all European products, the head of the main Italian business lobby said on...

Trading Day: Sweeping US fiscal bill advances, rate path stays murky

TRADING DAY Making sense of the forces driving global markets By Lewis Krauskopf, Markets Reporter  Jamie is enjoying some well-deserved time off, but the...