Currencies

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...

Poor car sales weigh on stock markets - Puma shares plummet

Surprisingly weak business figures from major companies weighed on European stock markets at the end of the week.Around midday on Friday, the DAX was down a good half a percent at 24,141 points. The...

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...

Russia says rising tariffs threaten US and global economy

MOSCOW -Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday that rising trade tariffs carried risks for the economy of the United States and the whole world. Zakharova...

Pakistan spy agency targets black market dollar trade to curb rupee slide

KARACHI -A deputy chief at Pakistan's spy agency met with currency exchange firms this week amid a sharp slide in the rupee, leading to a crackdown on black market dollar trade, the head of the...

Euro zone business activity growth hits 11-month high in July, PMI shows

LONDON -Euro zone business activity accelerated faster than forecast this month, supported by a solid improvement in the bloc's dominant services industry and with manufacturing showing further signs...

Trade Hopes and Corporate Earnings Drive European Markets Higher

Hopes for a trade agreement between the EU and the US, coupled with robust corporate earnings, buoyed European stock markets on Thursday. Germany’s benchmark DAX index climbed as much as 1.1 percent...

Subdued dollar firms after ECB leaves rates alone; tariffs and Fed in focus

The dollar traded sideways versus the euro on Thursday after the European Central Bank held rates steady, and was confined to a tight range against the yen as prospects for higher Japanese rates...