Currencies

Sterling edges up after stronger UK retail sales

The pound edged up on Friday after data showed UK consumer spending picked up much more sharply than expected in January, but was weaker in the key shopping month of December than initially thought. ...

Estonia's tech investors take defence into their own hands as Russian threat looms

Estonia, a Baltic country of 1.4 million people that has long punched far above its weight in the tech sector, is now leading central and eastern Europe's rush to fund defence projects spurred by...

Zelenskiy needs to come back to the table on critical minerals deal, White House says

Ukrainian President Volodymyr Zelenskiy needs to come back to the negotiating table and strike a critical minerals deal that recognizes the amount of aid the U.S. has provided the country in its fight...

Investors worries over Ukraine ceasefire rise, sending debt tumbling

Ukraine's sovereign debt notched its largest losses this year on Thursday as some investors' doubts grew over whether a potential ceasefire deal negotiated by U.S. President Donald Trump would boost...

Sterling edges up as investors await data

The pound edged up on Thursday, as traders awaited UK data on consumer spending and business activity after this week's hot inflation print complicated the outlook for Bank of England monetary policy....

Yen rises, dollar steady as traders assess tariff risk, policy outlook

The yen firmed and the U.S. dollar held steady on Thursday as investors pondered what U.S. President Donald Trump's latest tariff agenda would mean for the global economy and how it could affect the...

Russian wealth fund sees U.S. companies returning in 2025

Russia's sovereign wealth fund expects a number of U.S. companies to return to Russia as early as the second quarter of 2025, TASS quoted the head of the fund, Kirill Dmitriev, as saying on Wednesday...

EU seeks to 'immediately engage' with LNG suppliers, draft shows

The European Union will consider investing in liquefied natural gas projects abroad as part of plans to immediately engage with reliable suppliers to try to lower energy prices, a draft Commission...

Ukraine's bonds face largest daily loss in months as ceasefire optimism fades

Ukraine's dollar bonds were on track for their biggest one-day decline in months, shaving away gains from the recent rally that has been driven by hopes for a ceasefire. The sovereign...

Russian economy is showing first signs of cooling, Ifax cites economy minister

Russia's economy is showing the first signs of cooling, with sales and orders falling in various sectors due to high interest rates and inflation, Economy Minister Maxim Reshetnikov was cited as...

Sterling rises to 2025 high as easing tariff fears dent dollar

Sterling rose to its strongest level against the dollar this year on Friday, after UK GDP data earlier this week sweetened the mood around the strength of the British economy, while the dollar...

Russia keeps rates on hold as Trump-Putin contact boosts markets

The Russian central bank kept its benchmark interest rate on hold at 21% at a board meeting on Friday as the rouble and stock market rallied after a telephone conversation between U.S. President...

Hotter January inflation jolts markets, dimming rate cut hopes

Surprisingly strong U.S. inflation in January stoked investor fears that a heating economy and looming tariffs could corner the Federal Reserve, undercutting interest rate-cut hopes and even raising...

Russian consumer prices up 0.2% ahead of rate decision

Russian consumer prices rose by 0.23% in the week to February 10, bringing price growth to 1.53% since the start of the year, compared with 1.55% in the same period of last year, data showed on...

US, UK, Australia target Russia-based Zservers over Lockbit ransomware attacks

The United States joined Australia and Britain in targeting Russia-based Zservers service provider for its role in supporting the Lockbit ransomware attacks, the U.S. Department of Treasury said on...

Russia's budget deficit jumps 14-fold in January

Russia's fiscal deficit jumped 14-fold in January due to a 73.6% increase in spending at the start of the year, reaching 1.7 trillion roubles or 0.8% of national output, the finance ministry said on...

Sterling steady, investors wait for key speech and data later in week

The pound held steady on Monday against both the euro and dollar, largely sitting out the latest round of tariff volatility as traders awaited a speech by hawk-turned-dove Bank of England policymaker...

Wall St futures slip, dollar climbs on tariff threats

Wall Street share futures fell and the dollar rose broadly on Monday after U.S. President Donald Trump repeated warnings of imminent tariffs including on steel and aluminium, an inflationary move that...

Baltic states switch to European power grid, ending Russia ties

Estonia, Latvia and Lithuania said on Sunday they had successfully synchronised their electricity systems to the European continental power grid, one day after severing decades-old energy ties to...