Currencies

Six candidates for ECB vice presidency

Euro zone finance ministers will nominate on Monday a successor to European Central Bank Vice President Luis de Guindos. Following are some details on each of the six candidates who...

IMF sees steady global growth in 2026 as AI boom offsets trade headwinds

The International Monetary Fund again edged its 2026 global growth forecast higher on Monday as businesses and economies adapt to U.S. tariffs that have eased in recent months and a continued AI...

Britain has 'moved away' from aligning with EU regulation, financial district's ambassador says

The prospect of Britain realigning its financial rules with the European Union has passed, and the country should avoid linking its regulations to any single jurisdiction, the ambassador for London's...

China and Russia in talks after halt to power supplies

China has stopped imports of electric power supplies from Russia, Kommersant newspaper reported on Friday, citing sources familiar with the situation and high prices, while Russia said it was ready to...

Some in BOJ see scope to raise rates sooner than markets expect, sources say

Some Bank of Japan policymakers see scope to raise interest rates sooner than markets expect with April a distinct possibility, as a sliding yen risks adding to already broadening inflationary...

ECB on a steady rate path for now but Fed tussle a risk, chief economist warns

The European Central Bank will not debate any rate change in the near term if the economy stays on course, but new shocks, like a potential deviation by the Federal Reserve from its mandate, could...

Russia's oil and gas budget revenue falls 24% to lowest since 2020

Russia's federal budget revenues from oil and gas dropped by 24% in 2025 to the lowest level since 2020, according to Finance Ministry data, as oil prices fell while the rouble appreciated. ...

Sterling edges down versus dollar after UK data

Sterling slightly pared its fall against the dollar on Thursday after UK economic data showed the economy grew more strongly than expected in November, but failed to affect the policy rate outlook. ...

ECB has no room for complacency as attack on Fed raises risks, Kazaks says

The European Central Bank should be on alert as the U.S. administration's attack on the Federal Reserve raises new risks to the economic outlook, ECB policymaker Martins Kazaks said in an interview. ...

Sterling edges higher, key UK data flurry up ahead

The pound rose on Wednesday, gaining against the dollar, euro and yen, ahead of economic growth data later this week that might help shape expectations for Bank of England monetary policy in the...

Global central bankers defend Fed's Powell after Trump threat

STORY: Federal Reserve chair Jerome Powell received major support on Tuesday . The heads of many of the world's leading central banks issued a rare joint statement backing him. ...

Euro zone economy caps resilient 2025 with retail and industry boosts

Euro zone retail sales rose more than expected in November and German industry continued to expand, offering further evidence that the currency bloc ended a turbulent year with stable - if modest -...

Portugal proposes Mario Centeno for ECB vice-presidency

Portugal's finance ministry has submitted the country's former central bank chief Mario Centeno as a candidate to become the next vice-president of the European Central Bank, it said on Friday. ...

Euro zone consumer inflation expectations hold steady

Euro zone consumers kept their inflation expectations unchanged in November, predicting a steady slowdown in price growth towards the European Central Bank's 2% target in the coming years, an ECB...

ECB's Santos Pereira: monetary policy has done its job, no need to change rates

European Central Bank policymaker Alvaro Santos Pereira urged governments to do more to lift growth in the euro zone, saying ECB policy had done its work to support the economy and there was no reason...

Nestle infant formula recall widens to China, Brazil

Nestle's recall of some batches of infant nutrition products has widened beyond Europe to the Americas and Asia, including China and Brazil, a tally from the company and national health ministry...

Euro zone economy ends 2025 on benign note even as risks linger

Euro zone inflation slowed to 2% last month, capping a surprisingly benign year price-wise for the currency bloc, even as questions linger about the delayed impact of U.S. tariffs, German stimulus and...

Trading Day: No pain, plenty gAIn for world stocks

The S&P 500 and many stock indexes around the world clocked fresh highs on Tuesday, propelled by optimism around AI, while copper prices also hit fresh records, as investors brace for a flurry of U.S....

Dollar gains against peers with investors eyeing upcoming data

The U.S. dollar gained against major peers on Tuesday, with the euro trading down following softer inflation data in Europe, but moves were fairly muted with investors focused on how upcoming data...