Analysis: Currencies

Russia starts first Moscow-Pyongyang passenger flights in decades

Russia will launch direct passenger flights from Moscow to North Korea's capital Pyongyang on Sunday, Russian authorities said, as the two former communist bloc allies move to improve ties following...

Trump tariffs weigh on Brazil chemical exporters, spark order cancellations

SAO PAULO -Chemical products companies in Brazil, which exported $2.4 billion to the U.S. last year, face a slew of contract cancellations as President Donald Trump has threatened a new 50% tariff on...

Trump: strong dollar sounds good but 'you make a hell of a lot more' with a weaker one

WASHINGTON -U.S. President Donald Trump said on Friday he liked a strong dollar but you make a hell of a lot more money with a weaker one. So when we have a strong dollar, one thing...

Russian central bank slashes key rate by 200 bps in biggest cut since May 2022

The Russian central bank cut its key interest rate by 200 basis points to 18% on Friday, hoping to revive lending and boost flagging economic growth after stubbornly high inflation showed signs of...

Bank of Canada to hold rates steady on July 30, but cut two more times in 2025- Reuters poll

BENGALURU -The Bank of Canada will hold its overnight interest rate steady at 2.75% on July 30 for the third consecutive meeting thanks to a recent rise in inflation and a fall in unemployment,...

Trump suggests Fed Chair may cut interest rates

WASHINGTON -President Donald Trump said on Friday he had a good meeting with Federal Reserve Chair Jerome Powell and got the impression Powell might be ready to lower interest rates. We...

US economic data quality a worry, authorities not acting urgently enough, experts say- Reuters poll

Risks to the quality of official U.S. economic data - long seen as the gold standard - are worrying 89 of 100 top policy experts polled by Reuters, with most also concerned that the authorities are...

Investors weigh market impact of possible early Powell exit

NEW YORK -Uncertainty over Federal Reserve Chair Jerome Powell's tenure is prompting investors to assess potential market reactions should there be an premature change in leadership at the U.S....

Sterling at four month low against euro as UK and euro zone rates diverge

LONDON -The pound dropped to its weakest level against the euro in four months on Friday as a weekly decline in gilt yields on soft British data contrasted with higher European yields on expectations...

CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions, sources say

NEW DELHI -Russia-backed Indian refiner Nayara Energy has named a new chief executive after its previous CEO resigned following European Union sanctions that targeted the company, four sources with...

Russia's anti-monopoly body opens case against Gazprom business over low fuel sales

MOSCOW -Russia's Federal Anti-Monopoly Service has launched a probe into Gazprom's oil product sales business, saying on Friday the company significantly cut gasoline sales on a local exchange. ...

Signify takes 3% sales hit from weaker dollar and yuan, but keeps guidance

Dutch lighting manufacturer Signify on Friday reported a 4.4% drop in its second-quarter sales, which included a 3% currency exchange hit from the weakening U.S. dollar and Chinese yuan, but...

Trade deal clears way for BOJ to tiptoe back to rate hikes

TOKYO -U.S. President Donald Trump's trade deal with Tokyo opens scope for the Bank of Japan to raise interest rates again this year, sources say, a prospect the central bank may start to telegraph...

Rupee slides for third straight week as tariff deadline, Fed decision near

The Indian rupee fell to a one-month low on Friday, and logged its third straight weekly decline, pressured by outflows from local stocks and caution among investors ahead of a news-heavy week...

AI drives new highs

ORLANDO, Florida -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Key U.S. and global stock markets...

Trump presses Powell to cut rates during tense visit to Fed

WASHINGTON -President Donald Trump locked horns with Federal Reserve Chair Jerome Powell during a rare presidential visit to the U.S. central bank on Thursday, criticizing the cost of renovating two...

Austria's RBI 'derecognizes' $1.41 billion legal claim from Rasperia for Q2

Austria's Raiffeisen Bank International on Thursday said it derecognizes 1.2 billion euros in expected proceeds from enforcing claims against Rasperia Trading Limited's Austrian assets for the...

US business activity rises; tariffs fuel inflation concerns

WASHINGTON -U.S. business activity picked up in July, but companies asked higher prices for goods and services, supporting economists' views that inflation will accelerate in the second half of the...

US labor market steady, jobless claims at three-month low

WASHINGTON -The number of Americans filing new applications for jobless benefits fell to a three-month low last week, pointing to stable labor market conditions, though sluggish hiring is making it...