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

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...
19 February 2025 at 04:56 am AEDT
Ukraine's bonds face largest daily loss in months as ceasefire optimism fades

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...
19 February 2025 at 03:22 am AEDT
Canada's annual inflation rate increases to 1.9% in January

Canada's annual inflation rate increases to 1.9% in January

Canada's annual inflation rate rose 1.9% in January, up from 1.8% in December as lower prices helped by a sales tax reprieve were partly offset by higher cost of gasoline and natural gas, data showed...
19 February 2025 at 01:02 am AEDT
US emerges as 5th top oil seller to India in January, Russia at No.1

US emerges as 5th top oil seller to India in January, Russia at No.1

India's oil imports from the United States rose sharply in January from December, turning Washington as the fifth largest oil supplier to New Delhi, data obtained from trade sources show. ...
18 February 2025 at 11:09 pm AEDT
BOJ's Ueda blames weak U.S. data for last summer's market rout

BOJ's Ueda blames weak U.S. data for last summer's market rout

Bank of Japan Governor Kazuo Ueda said on Tuesday the sharp volatility seen in currency and stock markets last summer was mainly caused by investors' concern over weak U.S. jobs data and the risk of a...
18 February 2025 at 06:17 pm AEDT
Maturity of NDF positions, dip in Asian peers likely to weigh on rupee

Maturity of NDF positions, dip in Asian peers likely to weigh on rupee

The Indian rupee is likely to face pressure on Tuesday due to heightened dollar demand spurred by the maturity of positions in the non-deliverable forwards market, while a dip in regional peers and...
18 February 2025 at 01:43 pm AEDT
Russian economy is showing first signs of cooling, Ifax cites economy minister

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...
18 February 2025 at 01:31 am AEDT
Turkey, AIIB signs MoU for $5 billion financing to public sector projects

Turkey, AIIB signs MoU for $5 billion financing to public sector projects

Turkey's Finance Ministry said on Monday that it has signed a memorandum of understanding with the Asian Infrastructure Investment Bank for $5 billion financing for public sector projects in three...
17 February 2025 at 08:48 pm AEDT
Japan braces for BOJ to lift rates sooner and higher

Japan braces for BOJ to lift rates sooner and higher

Hawkish comments from the Bank of Japan and sticky inflation are lifting bond yields to multi-year highs and pushing forward rate hike expectations, shaking long-held views that rates would not rise...
17 February 2025 at 05:52 pm AEDT
Exclusive-Five Iraqi banks to be banned from U.S. dollar transactions - sources

Exclusive-Five Iraqi banks to be banned from U.S. dollar transactions - sources

Iraq's central bank will ban five more local banks from engaging in U.S. dollar transactions, a move that comes after meetings with U.S. Treasury officials in efforts to combat money laundering,...
17 February 2025 at 01:27 am AEDT
Fed's Logan calls for caution on rate cuts, even if inflation cools

Fed's Logan calls for caution on rate cuts, even if inflation cools

Dallas Federal Reserve Bank President Lorie Logan on Friday reiterated her view that even if inflation nears the Fed's 2% goal in coming months, the U.S. central bank should not necessarily reduce...
15 February 2025 at 08:13 am AEDT
US manufacturing output falls in January on weak motor vehicle production

US manufacturing output falls in January on weak motor vehicle production

U.S. manufacturing production unexpectedly fell in January, weighed down by a sharp decline in motor vehicle output. Factory output dipped 0.1% last month after a downwardly revised 0.5%...
15 February 2025 at 02:06 am AEDT
Brazil hints at WTO complaint, tax on US products after Trump steel tariffs

Brazil hints at WTO complaint, tax on US products after Trump steel tariffs

President Luiz Inacio Lula da Silva said on Friday that Brazil would react to U.S. President Donald Trump's decision to issue tariffs on steel imports, suggesting his government could file a complaint...
15 February 2025 at 12:37 am AEDT
Sterling rises to 2025 high as easing tariff fears dent dollar

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...
14 February 2025 at 10:49 pm AEDT
Russia keeps rates on hold as Trump-Putin contact boosts markets

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...
14 February 2025 at 10:01 pm AEDT
China's Ganfeng starts lithium production at Argentina's Mariana project

China's Ganfeng starts lithium production at Argentina's Mariana project

China's Ganfeng Lithium mining company has begun producing lithium at its Mariana project in northern Argentina, it said on Wednesday, kicking off one of several of its new lithium projects under way...
13 February 2025 at 09:07 am AEDT
Fed's Powell sees a ways to go on shrinking Fed holdings

Fed's Powell sees a ways to go on shrinking Fed holdings

Over two days of testimony this week before Congress, Federal Reserve Chairman Jerome Powell indicated there's no imminent end to the central bank's balance sheet wind down process, as some banks have...
13 February 2025 at 07:50 am AEDT
Hotter January inflation jolts markets, dimming rate cut hopes

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...
13 February 2025 at 05:46 am AEDT
Fed's Bostic:  Not comfortable cutting rates again until there is more clarity on inflation, other policies

Fed's Bostic: Not comfortable cutting rates again until there is more clarity on inflation, other policies

Atlanta Federal Reserve President Raphael Bostic said on Wednesday it is not clear when the Fed can cut interest rates again given uncertainty around the path of inflation and the scope of possible...
13 February 2025 at 05:21 am AEDT
Russian consumer prices up 0.2% ahead of rate decision

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...
13 February 2025 at 03:07 am AEDT