Currencies

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...

US Customs Turmoil Forces Infineon to Take a Guess at Outlook

Due to the erratic customs policy of US President Donald Trump, Infineon has rolled back its recently raised full-year targets. The company has assumed a negative sales impact of ten percent for its...

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...

Tariff Dispute Unsettles Infineon - Targets Lowered

Due to the tariff policies of U.S. President Donald Trump, Infineon has reversed the full-year targets it had only recently raised. Since our order intake still shows no signs of weakening, we can...

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...

Merz Election Leaves DAX Investors Unmoved - Euro Advances

After the election of CDU leader Friedrich Merz as German Chancellor, DAX investors remained cautious. The German benchmark index stagnated at a loss of around half a percent following the second...

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...

US dollar's safe haven halo flickers amid Fed, fiscal and trade jitters - Reuters poll

Concerns are mounting about the dollar's safe haven appeal, according to a majority of FX strategists surveyed by Reuters who forecast the global reserve currency will decline further over the coming...