Currencies

Wall St opens higher as inflation eases; forecast boosts Micron

Wall Street's main indexes opened higher on Thursday after softer-than-expected inflation data boosted expectations for more interest rate cuts by the Federal Reserve, while chipmaker Micron's blowout...

US weekly jobless claims fall as seasonal volatility persists

The number of Americans filing new applications for unemployment benefits fell last week, reversing the prior week's surge and suggesting labor market conditions remained stable in December. ...

TEXT-Statement from the ECB following policy meeting

Following is the statement from the European Central Bank following its policy meeting. The Governing Council today decided to keep the three key ECB interest rates unchanged. ...

Bank of England cuts rates after tight vote but signals caution over further moves

The Bank of England cut interest rates on Thursday after a narrow vote by policymakers but it signalled that the already gradual pace of lowering borrowing costs might slow further.  ...

Russia's central bank says it will sue European banks in Russian court over frozen assets

Russia's central bank said on Thursday it will extend its legal action beyond its lawsuit against Belgium-based depository Euroclear and sue European banks in a Russian court over attempts to use...

US consumer prices likely posted largest annual increase in 1-1/2 years in November

U.S. consumer prices likely increased by the most in 1-1/2 years in the year to November, economists predicted, which would underscore the worsening affordability challenges confronting Americans that...

EU leaders will loan 90 billion euros to Ukraine, but fail to agree to use frozen Russian assets

European Union leaders decided on Friday to borrow cash to loan 90 billion euros to Ukraine to fund its defence ?against Russia ?for the next two years rather than use frozen Russian assets,...

Rupee extends intervention-spurred rise, merchant flows dominate

The Indian rupee extended gains slightly on Thursday, after rebounding from a record low in the previous session following central bank market intervention, which also contributed to a rise in...

Trump says next Fed chair will believe in lower interest rates 'by a lot'

U.S. President Donald Trump said on Wednesday the next chairman of the U.S. Federal Reserve will be someone who believes in lower interest rates by a lot. I'll soon announce our next...

ECB upgrades growth outlook, closing door to more cuts

The European Central Bank kept its policy rates steady on Thursday and revised upwards some of its growth and inflation projections, a move that probably closes the door to further cuts in borrowing...

US Fed terminates Citi notices that demanded bank improve risk controls, sources say

The U.S. Federal Reserve has told Citigroup it has closed formal notices requiring the bank to fix trading risk management weaknesses, according to people with knowledge of the matter, a significant...

Cinven announces departure of two senior executives amid UK pricing probe

International private equity firm Cinven said on Wednesday co-Managing Partner Supraj Rajagopalan and Chief Financial Officer Alex Leslie, who is also the chief operating officer, will step down from...

Ahead of Trump meeting, Waller says he 'absolutely' would defend Fed independence

Federal Reserve Governor Christopher Waller, on the short list to succeed Fed Chair Jerome Powell next year and scheduled to be interviewed for the job by President Donald Trump on Wednesday, said he...

Trump administration asks Fed to clarify CFPB funding availability

The U.S. Justice Department has called on Federal Reserve Chair Jerome Powell to clarify whether the central bank has stopped losing money, which President Donald Trump's administration has said...

Waller says Fed policy still in restrictive territory, sees room to cut rates

Federal Reserve Governor Christopher Waller said on Wednesday the U.S. central bank still has room to cut interest rates amid rising job market weakness. I still think we're probably,...

Finance chiefs see US prices rising next year, tariffs still a top concern

U.S. corporate finance chiefs continue to cite tariffs as a top concern and on average see prices rising more than 4% next year, according to a survey released on Wednesday that may add to Federal...

Russian court will hear central bank's lawsuit against Euroclear on January 16

A Moscow court will hold a preliminary hearing on January 16 on the Russian central bank's lawsuit against Belgian depository Euroclear, the court's press service said on Wednesday. The...

India's RBI returns with decisive hand to halt rupee's one-way slide

India's central bank intervened aggressively in currency markets on Wednesday, selling dollars to prop up the rupee, bankers said, echoing its earlier heavy-handed efforts to stem a one-way decline in...

Indian central bank steps in aggressively to boost struggling rupee, traders say

The Indian central bank intervened aggressively on Wednesday to boost a struggling rupee after the currency hit record lows for four consecutive trading sessions, dragged down by portfolio outflows...