Currencies

British pound firms ahead of this week's budget update

Sterling climbed on Monday ahead of British finance minister Rachel Reeves' spring budget update later this week and as data earlier in the day showed that business activity in the UK's huge services...

Dollar drifts as traders await Trump tariff clarity

The dollar drifted just below a three-week high versus major peers on Monday as traders cautiously awaited clarity on U.S. President Donald Trump's next round of tariffs. The euro rose...

Russia has no reliable data showing foreign inflows, central bank says

Russia has no reliable data showing the extent to which foreign investors are interested in Russian assets, Central Bank Governor Elvira Nabiullina said on Friday, acknowledging that high rates were...

Sterling edges down but set for another weekly gain after BoE meeting

The British pound extended its decline against the dollar on Friday but was poised to end the week higher, a day after the Bank of England kept interest rates unchanged and raised concerns about a...

Russian cenbank leaves key interest rate unchanged at 21%

Russia's central bank on Friday left its key interest rate unchanged at 21% , the bank said in a statement on its website. ) ...

Germany must build 320,000 apartments yearly to meet housing demand, study shows

Germany, lagging in its building goals to alleviate a housing shortage, needs to construct 320,000 new apartments each year by 2030, a study on Thursday showed. Authorities granted...

Dollar Climbs as Fed Plays the Waiting Game

The U.S. dollar took a modest step upward on Thursday, as the Federal Reserve signaled it was in no hurry to cut interest rates. This cautious stance comes amid ongoing uncertainties surrounding U.S....

Russian rouble corrects after rally fuelled by US-Russia talks

The Russian rouble weakened further on Thursday, adjusting after a significant rally since the start of the year that has been fuelled by hopes of an easing in geopolitical tensions amid talks between...

Pound dips from 18-week high before Bank of England decision

The pound slipped from its highest level in more than four months on Thursday as investors waited for a Bank of England decision on rates later in the day. Traders were also keeping an...

London gains ground on New York in Z/Yen global financial hub survey

London is gaining ground on New York in a closely-watched index of the world's leading financial centres, in a first sign that efforts by policymakers to reboot Britain's sluggish banking and...

Fed policymakers project two rate cuts this year, some see fewer

WASHINGTON -U.S. central bankers on Wednesday signaled they are likely to deliver two quarter-point interest-rate cuts later this year, the same median forecast as three months ago, even as they...

JPMorgan says Russia unlikely to rejoin MSCI global indexes until after 2027

Russian stocks are likely to need more time to reenter the widely followed MSCI global equity indexes that the most optimistic scenario of two years from June, JPMorgan analysts wrote in a client...

EU struggles to bring Trump to the table on tariffs

As one of the European Union's top negotiators, Sabine Weyand has battled Britain over Brexit and driven tough trade talks around the world. But as Europe seeks a deal to avert further...

French central bank says losses peaked in 2024, should ease here on out

France's central bank reported on Wednesday a fresh loss for 2024, but said the worst was behind it and a return to profit in the coming years was in sight. Many central banks have been...

Dax expected little changed - Fed in view

According to calculations by banks and brokerage houses, the DAX will be treading water at the start of trading on Wednesday ahead of the Fed's interest rate decision. On Tuesday,...

BOJ set to keep interest rates steady as Trump risks cloud outlook

The Bank of Japan is set to keep interest rates steady on Wednesday, as policymakers spend more time gauging how prospects of higher U.S. tariffs would affect the export-reliant economy. ...

Russia's sovereign wealth fund is eyeing rare earth projects with US companies, CEO says

Russia's sovereign wealth fund is eyeing the development of rare earth deposits in the country and wants to partner with U.S. companies, Kirill Dmitriev, CEO of the Russian Direct Investment Fund ,...

Sterling briefly gains to $1.30 against the dollar, BoE in focus

Sterling hit a fresh 4-1/2-month high at $1.30 against the dollar on Tuesday on rising expectations the Bank of England will not cut interest rates later in the week, while the pound dropped against...

Russian central bank expected to keep key rate on hold amid uncertainty

The Russian central bank will keep its benchmark interest rate on hold at a board meeting on March 21, all 29 analysts who took part in a Reuters poll predicted on Monday, since more time is needed...