Currencies

Deal to get US-China trade truce back on track is done, Trump says

WASHINGTON/LONDON -President Donald Trump on Wednesday said he was very happy with a trade deal that restored a fragile truce in the U.S.-China trade war, a day after negotiators from Washington and...

Stocks climb, dollar dips with US-China trade talks eyed

NEW YORK -Global stocks climbed on Monday while the dollar retreated as talks began in London between the United States and China, aimed at cooling a trade dispute between the world's two largest...

Russian central bank delivers surprise rate cut, first since 2022

MOSCOW -The Russian central bank cut its key interest rate by a full percentage point to 20% on Friday, a surprise move by the bank which it justified by pointing to declining inflation pressure and...

Russia's Nabiullina on central bank rate cut, inflation and rouble

MOSCOW -Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank cut its key rate to 20% from 21%. ...

ECB's Villeroy: France should stabilise public spending, focus on the wealthy first

PARIS -France cannot go on piling up debt and should stabilise its public spending, an effort to which everybody should contribute starting with the most wealthy, Bank of France head and European...

EU considers adding Russia to money laundering 'grey' list, FT reports

The European Union is considering adding Russia to its 'grey' list of countries with lax money laundering controls, the Financial Times reported on Friday citing officials. A final...

Sterling holds its own against stronger dollar, trade optimism lends supports

LONDON -Sterling ticked higher against the dollar on Thursday, one of the few major currencies to hold its own against the greenback which regained ground after weak U.S. data dragged it lower on...

DAX Climbs to Fresh Record High Ahead of ECB Rate Decision

In anticipation of another key interest rate cut by the European Central Bank , DAX investors snapped up shares on Thursday. Germany's blue-chip index rose by 0.5 percent ahead of the rate...

Swedish flash inflation below forecast, strengthens rate cut hopes

STOCKHOLM -Swedish inflation came in below forecasts in May, flash figures showed on Thursday, raising hopes that the central bank will cut interest rates in the coming months as the economy slows. ...

Dollar drops against euro after ECB indicates possible end to rate easing cycle

NEW YORK -The dollar dropped against the euro on Thursday after the European Central Bank indicated a possible end to its year-long policy easing cycle and U.S. data pointed to softening labor market...

Criteria to adopt the euro currency

BRUSSELS -The European Commission said on Wednesday Bulgaria can enter the euro zone and become the bloc's 21st member from 2026. European Union countries aspiring to adopt the single...

Sterling edges up, UK avoids higher US metals tariffs

Sterling firmed against the dollar on Wednesday, as investors were relieved the United Kingdom was not in the crosshairs of U.S. President Donald Trump's latest tariff escalation, while upbeat...

EU gives Bulgaria green light to adopt euro from start of 2026

BRUSSELS -The European Commission and the European Central Bank gave Bulgaria the go-ahead on Wednesday to adopt the euro currency from the start of 2026, making Bulgaria the 21st country to join the...

Russian services sector sees fastest growth since January in May, PMI shows

Russia's services sector expanded in May at the quickest pace since January, driven by stronger demand and new orders, even as firms reduced their workforce numbers, a business survey showed on...

FX options market positioned for further dollar weakness

NEW YORK -The U.S. dollar has steadied after a sharp tumble this year but traders in the foreign exchange options market are positioned for the U.S. currency to weaken further amid growing concern...

US skips hike in UK steel and aluminum tariffs as both countries eye quick trade deal

LONDON/WASHINGTON -The United States on Tuesday announced it would skip doubling steel and aluminum tariffs for Britain, hours after the UK government said the two countries agreed on the need to...

Sterling firms with focus on defence plan, weaker dollar

Sterling had a firm start to the week on Monday, as investors assessed a domestic defence plan and a batch of better-than-expected British economic data, while simmering trade tensions between the...

Russian manufacturing sector returns to growth in May, PMI shows

Russia's manufacturing sector returned to growth in May, supported by a fresh upturn in new orders, even as output contracted for the third month running amid reports of supply shortages, a business...

Russian airlines' passenger traffic up 2.7% year on year in April, Rosaviatsia says

Russian airlines carried 8.4 million passengers in April 2025, up 2.7% year-on-year, national aviation watchdog Rosaviatsia said on Friday on its Telegram channel. ...