Currencies

Sterling gains on dollar and euro

LONDON -The pound strengthened against both the dollar and the euro on Tuesday, largely due to weakness in both peers rather than major British news, which is fairly thin until Thursday's closely...

Euro zone economic growth slows in April, services near stagnation, PMI shows

The euro zone economy continued to expand in April but at a slower pace as demand weakened and the dominant services sector nearly stagnated, suggesting the region's recovery remains fragile, a survey...

Portugal's Novo Banco quarterly profit falls on lower interest margin

LISBON -Portugal's fourth-largest lender Novo Banco, which is preparing for an initial public offering, said on Tuesday its first-quarter net profit fell 1.9% to 177.2 million euros due to growing...

Russia's Rosatom sues Finnish firms $2.8 billion over nuclear plant contract

MOSCOW -Russia's Rosatom has filed a lawsuit in Moscow against Finland's Fortum and Outokumpu, demanding 227.8 billion roubles in compensation for losses over the termination of a contract for the...

DAX Inches Closer to Record High as Upward Trend Continues

The upward momentum on the German stock market remains unstoppable at the start of the week. The DAX climbed 0.6 percent to 23,219 points, edging ever closer to its all-time high of 23,476.01 points...

Taiwan dollar's record rally is a trade-war tremor

SINGAPORE/TAIPEI -An unprecedented two-day surge in Taiwan's currency is the latest leg of a scramble out of the U.S. dollar and signal of disquiet in markets as U.S. President Donald Trump's trade...

Spain must raise defence spending to 3% of GDP, says EU defence chief

MADRID -Spain will have to raise defence spending to 3% of gross domestic product, the European defence commissioner said in a newspaper interview published on Saturday, as European countries bend to...

Tariff Hopes Boost DAX - All-Time High Within Reach

Signs of a thaw in the US-China tariff dispute put DAX investors in a buying mood on Friday. The DAX climbed as much as 1.8 percent to 22,897 points, bringing its mid-March all-time high of 23,476.01...

Exclusive-Europe to hand billions in frozen Russian cash to Western investors, sources say

BRUSSELS -Euroclear plans to seize and redistribute about 3 billion euros of Russia's funds that are frozen at the Belgian clearing firm after Moscow grabbed investor cash in Russia, according to...

Sterling edges up against weaker dollar ahead of key U.S. data

Sterling edged up against a weaker dollar on Friday, staying near a three-year high scaled earlier in the week as the U.S. currency lost ground over U.S. President Donald Trump's announced sweeping...

US dollar retreats, but off lows, after solid jobs report

The U.S. dollar fell on Friday, but trimmed losses against the euro and yen, after data showed the world's largest economy added more new jobs than expected last month, reflecting a labor market that...

Sterling steady against dollar and euro, manufacturing activity shrinks

LONDON -Britain's pound was steady against the dollar on Thursday but remained close to a three-year high reached earlier in the week as investors shunned the U.S. currency in the wake of U.S....

Russia hikes 2025 deficit forecast threefold due to low oil price risks

MOSCOW -Russia's finance ministry raised the 2025 budget deficit estimate to 1.7% of gross domestic product on Wednesday from 0.5% after reducing the energy revenues forecast by 24% due to...

Russia sees 2025 economic growth at 1.8% in 'trade war' scenario

MOSCOW -International trade wars, triggered by the United States' protectionist policies, pose a key risk to the Russian economy, according to the country's Economy Ministry, which published its...

Russian GDP up 1.4% in March, economy ministry says

MOSCOW -Russia's gross domestic product grew by 1.4% in March year-on-year after expanding by 0.7% in February, the economy ministry said on Wednesday. For the first quarter this year,...

China ramps up global yuan push, seizing on retreating dollar

SHANGHAI/SINGAPORE -As Chinese President Xi Jinping toured Southeast Asia this month to forge closer ties against higher U.S. tariffs, the People's Bank of China was seizing a moment of confusion and...

DAX Continues Upward Trend - Porsche Stumbles

Despite ongoing uncertainties surrounding the tariff dispute, DAX investors are once again showing confidence. Germany's benchmark index opened Tuesday up 0.5 percent at 22,377 points. With every...

US dollar regains poise on easing trade worries, month-end buying

NEW YORK -The U.S. dollar advanced on Tuesday, lifted by the Trump administration's plan to ease the impact of auto duties on local car manufacturers as well as the prospect of more tariff deals with...

Dollar falls broadly ahead of US data, tariff uncertainty

NEW YORK/LONDON -The U.S. dollar slid across the board on Monday, as investors waited warily for further news of U.S. trade policy and braced for a week packed with economic data, which may initially...