Currencies

Sterling holds steady as investors weigh UK fiscal risk

LONDON -The pound held steady against the dollar on Thursday, as investors weighed up concerns about Britian's finances, in light of weaker demand at a UK government bond auction. ...

Refinery shutdowns hurt fuel supply in several Russian regions, Russian Crimea head says

MOSCOW -Sergei Aksyonov, the head of Russia-controlled Crimea, said on Thursday that disruptions in fuel supplies were related to the closure of some oil refineries as a gasoline crisis widened...

Tariffs could weaken, but not yet reverse, the dollar's reserve status, research shows

WASHINGTON -The massive tariffs proposed by President Donald Trump on Liberation Day in April put the U.S. dollar's role as the world's anchor currency at risk, while the administration's eventual...

Russia's Nabiullina says the central bank will cut rates with caution

SOCHI, Russia -The Russian central bank will proceed very cautiously with lowering its key rate, Governor Elvira Nabiullina said on Thursday, speaking after the government announced plans to raise...

Stocks fall, dollar rises as data dampens policy easing hopes

By Sinéad Carew and Marc Jones NEW YORK/ LONDON -MSCI's global equities gauge was falling while bond yields rose as investors worried that Thursday's stronger than expected economic...

Korea's wobbles over US trade talks awaken the won bears

SEOUL -South Korea's trade talks with the Trump administration have become increasingly dogged by political doubts this week, spooking investors who now worry Seoul may end up with a raw deal or...

Berlin open to EU plan on freeing up Russian cash for Ukraine

BERLIN -The German government is open to a European Union plan to free up frozen Russian assets for Ukraine, a government source told Reuters on Thursday. The EU plan is to send up to...

Chinese drone experts worked with sanctioned Russian arms maker, sources say

Chinese drone experts have flown to Russia to conduct technical development work on military drones at a state-owned weapons manufacturer that is under Western sanctions, according to two European...

Rupee ends flat as likely RBI intervention blunts drag from weak stocks

The Indian rupee traded in a narrow range on Thursday and closed nearly flat, with likely central bank intervention staving off the pressure from weak equities and foreign outflows. The...

Japan's corporate service inflation perks up in August

TOKYO -A leading indicator of Japan's service-sector inflation perked up in August, data showed on Thursday, backing up the central bank's view that rising labour costs will help keep inflation...

Fed's Daly: Further rate cuts will likely be needed

San Francisco Federal Reserve Bank President Mary Daly said on Wednesday she fully supported the decision by the Fed to cut its policy rate last week and expects further reductions ahead. ...

Stocks fall as dollar rises, gold falls with Fed rate path in question

By Sinéad Carew and Amanda Cooper NEW YORK/LONDON -MSCI's global equities gauge fell on Wednesday while the dollar rose and gold prices dipped, as investors digested cautious comments...

DoubleLine takes multi-pronged approach to US economy as official jobs data under scrutiny

NEW YORK -U.S. bond firm DoubleLine said on Wednesday it is using a variety of official and private data sources to assess the health of the U.S. economy, as it is worried about a decline in the...

Argentine economic activity rises 2.9% in July

BUENOS AIRES -Argentina's economic activity grew 2.9% in July compared with the same month last year, official data showed on Wednesday. The figure for Latin America's third-largest...

Fed's Goolsbee says US jobs market steady, cautions against aggressive rate cuts, FT reports

Federal Reserve Bank of Chicago President Austan Goolsbee said the U.S. jobs market remains mostly steady and solid and warned against a series of interest rate cuts, the Financial Times reported on...

US new home sales jump to more than 3-1/2-year high; economists dismiss rise as a fluke

WASHINGTON -Sales of new U.S. single-family homes surged to the highest level in more than 3-1/2 years in August, but that likely exaggerates the housing market's health, and a weakening labor market...

US ready to support Argentina with $20 billion swap line, Bessent says

WASHINGTON -The U.S. is currently in negotiations for a $20 billion swap line with Argentina's central bank and stands ready to do what is needed to support the South American country, U.S. Treasury...

Sterling falls as Powell takes cautious tone on rate cuts

LONDON -The pound fell against the dollar on Wednesday, after Federal Reserve Chair Jerome Powell offered a cautious view on the need for more rate cuts, which gave the U.S. currency a modest lift. ...

Russian finance ministry proposes raising VAT to help fund Ukraine war

MOSCOW -Russia's finance ministry proposed raising the rate of value-added tax on Wednesday to 22% from 20% in 2026 to fund military spending and help curb a swelling budget deficit, in what would be...