Currencies

Russia's VTB board recommends first dividend since start of Ukraine war

Russia's second largest bank, VTB, announced its first dividend payment since the start of the war in Ukraine on Monday. Shares in the bank rose 25%, according to Moscow Stock Exchange...

Speculation Over Tariff Deals Fuels Further Gains on European Stock Markets

Hopes for progress in the US-China tariff dispute continued to drive European stock markets higher at the start of the week. The DAX was trading more than half a percent higher at 22,394 points by...

Russia keeps key rate on hold, braces for global turbulence

MOSCOW -The Russian central bank maintained its key interest rate at 21% on Friday, with inflation starting to decline but new risks facing the Russian economy because of global economic turbulence...

Pound finds some footing on retail sales amid dollar rebound

LONDON -British retail sales data that exceeded expectations offered some support to sterling on Friday though not enough to keep it in positive territory against the dollar's mini bounce-back across...

Russia's Yandex reports net loss of $130.5 million

MOSCOW -Russian internet giant Yandex swung to a first-quarter net loss of 10.8 billion roubles , against a net profit of 20.1 billion roubles a year earlier, partly due to high expenses relating to...

Dollar rally unravels as investors shrug off Trump U-turns

NEW YORK -The dollar staged a broad retreat on Thursday, as investor gloom over the lack of progress toward defusing the U.S.-China trade war reasserted itself following an interlude of optimism the...

Collaborate on energy security or be vulnerable, Britain tells global meeting

LONDON -Britain urged closer international cooperation to improve energy security on Thursday, telling dozens of other governments and business leaders that they would otherwise be vulnerable to...

Sterling gains against wilting dollar as gloom over trade returns

LONDON -The pound rallied against the dollar on Thursday amid growing investor pessimism over the lack of any real progress in de-escalating the trade war between the U.S. and China, the world's two...

Bridgewater three co-CIOs warn 'exceptional risks' to US assets

HONG KONG -Bridgewater Associates' three Co-Chief Investment Officers said they see exceptional risks to U.S. assets under the Trump administration's rapid shift to modern mercantilism that puts...

Germany could suffer 'slight' recession this year, Bundesbank's Nagel says

BERLIN -The German economy could suffer a slight recession in 2025, Bundesbank President Joachim Nagel told Reuters on Wednesday, contracting for a third consecutive year for the first time. ...

Global trade war hits UK business sentiment, growth outlook

Global trade tensions sparked by U.S. President Donald Trump's tariffs have hurt UK business sentiment and will slow economic growth, according to a Reuters poll of economists who stuck to...

Dax rises after Trump tones down rhetoric - SAP takes off

Led by gains at SAP, the DAX rose sharply on Wednesday.The German benchmark index started the day with a 2.5 percent gain at 21,815 points. Investors interpreted comments made by US President Donald...

UK company activity weakens by most in more than 2 years as US trade war rages, PMI shows

British companies buckled in April under the strain of an escalating global trade war that threatens to tip the economy into a new downturn, a survey showed on Wednesday. The S&P Global...

IMF cuts growth forecasts for most countries in wake of century-high US tariffs

The International Monetary Fund on Tuesday slashed its growth forecasts for the United States, China and most countries, citing the impact of U.S. tariffs now at 100-year highs and warning that rising...

German army approaches big firms for NATO logistics aid, Handelsblatt daily says

The German army has asked several large firms about whether they could provide logistics support if the country needs to deploy soldiers and equipment to NATO's eastern border during a crisis, the...

Trump's verbal attack on Fed chief hits DAX after Easter break

Concerns about the independence of the US Federal Reserve caused nervousness among DAX investors on Tuesday. The German benchmark index lost 0.7 percent to 21,064 points at its peak following the...

Russia's slowing economic growth cuts demand for Chinese imports

Slowing economic growth and reduced demand for large purchases like cars, electronics and household appliances have curtailed the volume of Russia's imports from China, first-quarter customs data...

Austria's Raiffeisen Bank denies report it has halted Russia unit sale

Raiffeisen Bank International, the largest Western bank still operating in Russia, is proceeding with the sale of its Russian unit, the bank said on Friday, rejecting a media report that the process...

Denmark's central bank cuts key interest rate by 25 basis points

Denmark's central bank cut its key interest rate by 25 basis points to 1.85% on Thursday, following the European Central Bank's decision earlier in the day to cut euro zone rates. The...