Currencies

Russia's labour shortage spreads as defence sector poaches staff

Bus number seven was not running this morning, Olga Slatina wrote on social media from the Sverdlovsk region in Russia's Ural Mountains. The dispatcher said it wouldn't be there as there was no one to...

Ukraine's Zelenskiy says he will sign 2025 budget on Thursday

President Volodymyr Zelenskiy said on Wednesday that he would sign Ukraine's 2025 budget the following day, a document calling for the country's first wartime tax increases. Zelenskiy...

Sterling drops versus dollar, flat against euro, awaits data

Sterling rose against the dollar and was little changed versus the euro on Wednesday, with investors focused on the market reaction to U.S. President-elect Donald Trump's tariff promises. ...

Sterling holds steady as Trump triggers currency swings

The pound was little changed on Tuesday, relatively unscathed after a threat from U.S. President-elect Donald Trump to ramp up tariffs on Canada, Mexico and China sparked volatility in currency...

UK can diverge further from EU financial rules, says new Lord Mayor of London

Britain has room to ease more financial rules away from the EU to boost competitiveness, the new City of London chief told Reuters, saying the UK can appeal as an alternative to the United States...

Dollar rebounds on Trump tariff warning; stocks point lower

The dollar rose against major peers on Tuesday after U.S. President-elect Donald Trump threatened Canada and Mexico with a 25% tariff on all imports into the United States. Stocks were...

Brazilian meat suppliers stop deliveries to local Carrefour retailers, media say

Brazilian meatpackers have reportedly stopped supplying meat to the Carrefour group in Brazil after the retailer's global CEO vowed to keep South American meat off its shelves in France in solidarity...

HSBC stops processing Russia payments for retail customers

LONDON -HSBC has stopped processing all payments from Russia or Belarus for personal banking customers, the bank said on Friday, A message posted on the bank's British retail banking...

Rouble slumps to over two-year low on new sanctions, geopolitical tension

The Russian rouble tumbled to a more than two-year low against the dollar on Friday after Washington imposed sanctions on a key bank facilitating Russia's gas exports to Europe and as Moscow's firing...

Euro/dollar stares at parity, Bitcoin eyes $100k

A look at the day ahead in U.S. and global markets from Mike Dolan Darkening skies over Europe's economy, trade and politics sent the euro plummeting to its lowest in two years - just 3%...

Euro falls to two-year low after PMI data plunges

The euro dropped to its lowest since December 2022 on Friday after data showed euro zone business activity tumbled in November as the bloc's dominant services industry contracted and manufacturing...

German home prices to climb 3% next year on lower rates

German home prices will reverse their relentless two-year fall and rise 3% next year and in 2026 on lower borrowing costs, according to analysts polled by Reuters who said rental growth would outpace...

Sterling falls to 6-month low after weak UK retail sales

The pound weakened on Friday after data showing British retail sales fell by much more than expected in October, which if matched by other soft data could cause the Bank of England to be less cautious...

Satellite imagery indicates North Korea oil imports from Russia top U.N. limits, report says

North Korea has likely received more than 1 million barrels of oil from Russia over an eight-month period this year in breach of U.N. sanctions, according to an analysis of satellite imagery published...

Gold surges and euro sags as broader war risks rise

Gold was headed for its largest weekly gain in nearly eight months on Friday and the euro hovered at a 13-month low as Russia lowered its threshold for using nuclear weapons and fired a hypersonic...

Russia's central banker in charge of digital payments system resigns

The Russian central bank's First Deputy Governor Olga Skorobogatova, who was in charge of the regulator's digital projects including the digital rouble and the domestic payments system, has resigned,...

Sterling sags as 'Trump bump' lifts dollar

The pound eased modestly against the dollar, which held firm on Thursday, as investors remained laser-focused on who President-elect Donald Trump's Treasury Secretary pick might be and what that might...

Germany declines to say it backs EU defence bonds after Warsaw talks

Berlin declined to say on Wednesday if it supports a proposal for the European Union to issue defence bonds, after Poland's foreign minister said that countries including Germany present at a meeting...

Hungary submits bill to allow increase in Russian nuclear plant project cost

Hungary's government has submitted a bill to parliament to allow an amendment of its nuclear plant contract with Russia and raise the planned cost of the construction project if warranted, according...