Analysis: Currencies

UK sanctions directors of oil trading group over Russian ties

LONDON -Britain on Friday announced a package of sanctions aimed at Russia, including placing asset freezes on several directors of oil trading company Coral Energy Group, which is now known as...

Trading Day: Tariff tensions cool, markets sizzle

TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Wot's ... uh the deal? A wave of trade...

Canadian financial system stable, but trade war poses big risks, says central bank

OTTAWA -A prolonged trade war could increase the risks to Canadian financial stability by hurting banks and other institutions and by making it harder for households and businesses to pay down debt,...

FULL TEXT - Bank of Canada says trade uncertainty has pushed risks higher overall

The Bank of Canada released the following statement by Governor Tiff Macklem on Thursday: Good morning. Senior Deputy GovernorCarolyn Rogers and I are pleased to be here to discuss the...

US, Russia explore ways to restore Russian gas flows to Europe, sources say

LONDON/MOSCOW -With a frost covering Europe's energy relations with Russia, officials from Washington and Moscow have held discussions about the U.S. helping to revive Russian gas sales to the...

South African rand lifted by optimism about US trade deals

JOHANNESBURG -The South African rand strengthened on Thursday, boosted by optimism that U.S. President Donald Trump would seal trade deals with major partners after he announced a first agreement...

India-Pakistan conflict pushes rupee to worst day in over two years

The Indian rupee weakened sharply to log its steepest fall in more than two years on Thursday as the ongoing India-Pakistan conflict hurt the currency alongside the country's bonds and equities. ...

Bank of England set to cut rates amid worries about Trump tariff fallout

LONDON -The Bank of England is poised to extend its slow run of interest rate cuts on Thursday with investors watching for any signs that it could soon pick up the pace as U.S. President Donald...

Exclusive-Ukraine considers shift from dollar to euro amid geopolitical realignments

Ukraine is starting to consider a shift away from the U.S. dollar, possibly linking its currency more closely to the euro amid the splintering of global trade and its growing ties to Europe, Central...

Fed sees rising risks to economy as it leaves rates unchanged

WASHINGTON -The Federal Reserve held interest rates steady on Wednesday but said the risks of higher inflation and unemployment had risen, further clouding the U.S. economic outlook as its...

Slovakia and Hungary reject EU plan to phase out Russian gas by end-2027

Slovakia and Hungary on Wednesday condemned European Commission plans to phase out Russian gas and other energy imports, deepening a rift with Brussels over relations with Moscow. The EU...

Ivory Coast raises projected cashew output as threatened tariffs hit exports

Ivory Coast, the world's biggest cashew grower, has raised its projected output to 1.3 million metric tons from 1.15 million tons even as potential U.S. tariffs and a falling dollar drag down exports,...

Trade talks at last

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets Wall Street's latest stutter seems to have been...

US, China move towards trade talks, but a deal seems distant

A look at the day ahead in European and global markets from Tom Westbrook After a few weeks buying the rumour of U.S.-China de-escalation, markets gave a lukewarm welcome to news that...

Trading Day: Absent tariff clarity, nerves fray

TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Deep uncertainty, thin patience Investors...

Russia expecting scrappage fee shortfall as car market struggles

Russia expects its revenues from car scrappage fees to fall well short of budgeted levels this year, Finance Minister Anton Siluanov told reporters on Tuesday, which could lead some projects being...

Indian rupee's rally to stall by end of July, weaker times ahead

The Indian rupee will give up nearly all of its year-to-date gains against the dollar by the end of July as a slowing economy dampens investor sentiment and the Reserve Bank of India simultaneously...

What's in the UK-India trade deal?

LONDON -Britain and India clinched a long-coveted free trade pact on Tuesday after tariff turmoil sparked by U.S. President Donald Trump forced the two sides to hasten efforts to increase their trade...

Sterling gains on dollar and euro

LONDON -The pound strengthened against both the dollar and the euro on Tuesday, largely due to weakness in both peers rather than major British news, which is fairly thin until Thursday's closely...