Russia calls gas sales to Europe 'complicated' as deal with Ukraine nears expiry

Russia calls gas sales to Europe 'complicated' as deal with Ukraine nears expiry

MOSCOW -Russia said on Monday that the situation with European countries that buy its gas through a transit deal via Ukraine is very complicated and needs more attention, after talks between...
December 23, 2024 at 10:52 am
Leader of Russian-backed breakaway region Abkhazia warns of 'humanitarian catastrophe' amid energy shortages

Leader of Russian-backed breakaway region Abkhazia warns of 'humanitarian catastrophe' amid energy shortages

The leader of Abkhazia, a breakaway Georgian region backed by Russia, warned on Saturday that the republic was facing a humanitarian catastrophe due to a critical shortage of electricity. ...
December 21, 2024 at 03:21 pm
Russia's UK embassy denounces G7 loans to Ukraine as 'fraudulent scheme'

Russia's UK embassy denounces G7 loans to Ukraine as 'fraudulent scheme'

The Russian embassy in London on Saturday described Britain's planned transfer to Ukraine of more than 2 billion pounds backed by frozen Russian assets as a fraudulent scheme. Britain...
December 21, 2024 at 10:34 am
Sterling set to end week in red against dollar as outlooks diverge

Sterling set to end week in red against dollar as outlooks diverge

Sterling held up against the dollar on Friday but was set to end the week lower after coming under pressure from divided Bank of England policymakers' views and a U.S. Federal Reserve that is now more...
December 20, 2024 at 12:57 pm
EU ready to strengthen ties with US, focus on energy sector

EU ready to strengthen ties with US, focus on energy sector

The EU is ready to discuss further strengthening economic ties with U.S. President-elect Trump, including common interests in the energy sector, an EU spokesperson said on Friday, adding the EU was...
December 20, 2024 at 10:57 am
UK watchdog plans to simplify investment information, in shift from EU

UK watchdog plans to simplify investment information, in shift from EU

Britain plans to simplify often complex and unclear documentation handed to investors to boost confidence and drive investments, in what one lawyer called the biggest shift to date from European Union...
December 19, 2024 at 02:39 pm
Bank of England keeps rates steady, policy split widens

Bank of England keeps rates steady, policy split widens

The Bank of England kept its main interest rate unchanged at 4.75% on Thursday but policymakers became more divided about whether rate cuts were needed to tackle a slowing economy. Three...
December 19, 2024 at 12:01 pm
German exports to UK surge amid gold rally, leaving U.S. behind

German exports to UK surge amid gold rally, leaving U.S. behind

German exports to Britain are growing faster than to any other country among the Group of Twenty nations due to an ongoing gold rally, according to preliminary data from the German statistics office...
December 19, 2024 at 09:25 am
BOJ keeps rates steady by 8-1 vote, board member Tamura dissents

BOJ keeps rates steady by 8-1 vote, board member Tamura dissents

The Bank of Japan kept interest rates steady on Thursday, underscoring policymakers' preference to spend more time scrutinising whether wage hikes will broaden and keep inflation durably around its 2%...
December 19, 2024 at 03:00 am
Dollar charges ahead on hawkish Fed outlook, yen awaits BOJ

Dollar charges ahead on hawkish Fed outlook, yen awaits BOJ

The dollar flirted with a two-year peak on Thursday after the Federal Reserve signalled a slower pace of rate cuts in 2025, while the yen slid to a one-month low ahead of a policy decision by the Bank...
December 19, 2024 at 12:53 am
BOJ meets for final rate review this year as Trump risk clouds outlook

BOJ meets for final rate review this year as Trump risk clouds outlook

Bank of Japan policymakers will debate whether conditions are falling in place to raise interest rates at their final meeting this year, a decision complicated by slowing global growth and uncertainty...
December 18, 2024 at 09:01 pm
Poland adds media, telecommunication firms to strategic companies list

Poland adds media, telecommunication firms to strategic companies list

Poland decided to add several media and telecommunication firms to its list of strategic companies, which means their takeover will not be possible without government consent, Prime Minister Donald...
December 18, 2024 at 02:41 pm
Russian households' inflation expectations rise to 13.9% in December

Russian households' inflation expectations rise to 13.9% in December

Inflationary expectations among Russian households for the year ahead rose to 13.9% in December, up from 13.4% in November, the central bank said on Wednesday. ...
December 18, 2024 at 01:08 pm
Sterling drops before Fed policy meeting, after UK inflation data

Sterling drops before Fed policy meeting, after UK inflation data

Sterling fell versus the dollar before the Federal Reserve's policy meeting later on Wednesday, which could suggest a less aggressive monetary easing path in the U.S., while British inflation figures...
December 18, 2024 at 10:40 am
UK's Starmer confirms plan to boost defence spending to 2.5% of GDP

UK's Starmer confirms plan to boost defence spending to 2.5% of GDP

British Prime Minister Keir Starmer reiterated on Wednesday his Labour government's plan to increase defence spending to 2.5% of gross domestic product , after NATO called on members to boost spending...
December 18, 2024 at 07:50 am
Dollar steady against peers as Fed rate cut looms 

Dollar steady against peers as Fed rate cut looms 

The U.S. dollar held steady against the yen and other major rivals on Wednesday as investors waited to see whether the Federal Reserve will deliver a hawkish cut before the Bank of Japan and other...
December 18, 2024 at 01:13 am
Morning bid:  Investors look past politics to central bank moves

Morning bid: Investors look past politics to central bank moves

A look at the day ahead in European and global markets from Ankur Banerjee Political upheaval is jolting governments from South Korea to Germany to Canada, but for now investors are...
December 17, 2024 at 05:36 am
EU adopts new Russia sanctions targeting China, shadow fleet

EU adopts new Russia sanctions targeting China, shadow fleet

The European Union has adopted a 15th package of sanctions against Russia over its invasion of Ukraine, including tougher measures against Chinese entities and more vessels from Moscow's so-called...
December 16, 2024 at 12:10 pm
Iran currency slips to new lows amid U.S., Europe tensions

Iran currency slips to new lows amid U.S., Europe tensions

The Iranian currency extended its fall on Saturday, hitting a new all-time low against the U.S. dollar amid uncertainties about Donald Trump's imminent arrival in the White House and tensions with the...
December 14, 2024 at 05:53 pm
Russia's Aeroflot sees passenger traffic up to 5% in 2025, Interfax says

Russia's Aeroflot sees passenger traffic up to 5% in 2025, Interfax says

Russia's largest airline Aeroflot may increase passenger traffic by up to 5% in 2025, Russian agency Interfax said on Thursday, citing company's executive Ivan Batanov. Aeroflot expected...
December 12, 2024 at 08:40 am