Analysis: Currencies

Slovakia rejects Ukraine accusations of opening up second energy front

Slovakia has rejected Ukraine President Volodymyr Zelenskiy's accusation that Prime Minister Robert Fico had opened a second energy front against Kyiv on the orders of Russia as a gas transit dispute...

Gazprom says it will stop gas exports to Moldova from January 1

Russian energy giant Gazprom said on Saturday it would suspend gas exports to Moldova from 0500 GMT on January 1 due to unpaid debt by Moldova. It said the company reserved the right to...

Russian manufacturing growth slows in December as inflation pressures linger, PMI shows

Russia's manufacturing sector continued to expand in December, but at a slower pace than the previous month, as inflationary pressures remained high and business confidence weakened, S&P Global...

Putin's ally Sechin to stay as Rosneft's head for five more years

Igor Sechin, a long-standing ally of President Vladimir Putin, will be staying as head of Russia's largest oil producer Rosneft, for five more years, according to a company board decision disclosed on...

Slovakia to consider reciprocal measures if Ukraine stops Russian gas transit, Fico says

Slovakia will consider reciprocal measures against Ukraine such as halting back-up electricity supplies after Jan. 1 if Kyiv, as expected, stops the transit of Russian gas to Slovakia, Prime Minister...

High food prices dampen festive spirits in Russia

This holiday season, many Russians are tightening their belts.  Stubborn inflation has driven up prices of staples such as butter, potatoes and chicken in recent months, hitting...

Russia's Rosatom launches wind turbine blade factory replacing Vestas plant

Russia's state nuclear corporation Rosatom launched a wind turbine blade factory at the location of a plant formerly owned by Denmark's Vestas, the governor of Russia's Ulyanovsk region said on his...

Russia's inflation reaches 9.5% this year, weekly data shows

Russia's inflation has reached 9.5% this year, according to new weekly data showing that the consumer price index rose by 0.33% in the week leading up to Dec. 23, the statistical agency Rosstat...

Sterling struggles to regain steam against dollar

Sterling looked lacklustre against the dollar on Monday as a survey reported a decline in domestic UK business confidence and traders digested a recent Federal Reserve-induced rally in the greenback. ...

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...

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. ...

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...

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...

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...

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...

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...

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...

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%...

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...