Analysis: Currencies

Sterling steady as investors weigh BoE's financial stability report, tariff uncertainty

Sterling was little changed on Wednesday, as investors digested the Bank of England's half-yearly report on financial stability and assessed the potential impact of trade disputes on global economic...

Exclusive-Finland and Lithuania set to produce anti-personnel mines, officials say

VILNIUS/HELSINKI/TALLINN -Lithuania and Finland look set to start domestic production of anti-personnel landmines next year to supply themselves and Ukraine because of what they see as the military...

'Fortress Russia' has seized $50 billion in assets over 3 years, research shows

MOSCOW -Russian authorities have confiscated assets worth some $50 billion over the past three years, underscoring the scale of the transformation into a fortress Russia economic model during the war...

White House adviser Hassett emerging as serious contender for next Fed chair, WSJ reports

WASHINGTON -White House economic adviser Kevin Hassett is emerging as a serious contender to be the next chair of the U.S. Federal Reserve, the Wall Street Journal reported on Tuesday, citing people...

Malaysia calls for stronger inter-ASEAN trade amid tariffs uncertainty

KUALA LUMPUR -Malaysia's Prime Minister Anwar Ibrahim on Wednesday urged Southeast Asian countries to act with purpose and enhance trade among each other in the face of global uncertainty, as...

Investors head into Trump tariff deadline benumbed and blase

Global investors are heading into U.S. President Donald Trump's Wednesday deadline for trade tariffs palpably unexcited and prepared for a range of benign scenarios that they believe are already...

In the Fed's hunt for a reason to cut rates, surveys and tariffs make answers elusive 

WASHINGTON -Recent national and global surveys of business executives have highlighted the U.S. Federal Reserve's dilemma in determining if slowing growth or inflation is the greater risk to the U.S....

Sterling gains broadly as Trump unveils tariff specifics

LONDON -The pound rose on Tuesday, gaining against the likes of the yen after the U.S. announced 25% tariffs on imports from Japan and South Korea, as investors gravitated towards markets that are at...

Bunge charters first Argentine soy meal cargo to China

BUENOS AIRES/BEIJING -U.S. grains trading group Bunge has chartered 30,000 metric tons of Argentine soybean meal cargo destined for China, data seen by Reuters on Monday showed, marking the first...

BRICS tariff to be applied only if they adopt policies deemed 'anti-American', source says

WASHINGTON -The Trump administration will not immediately impose a new 10% tariff against members of the developing nation BRICS bloc, but will proceed if countries take so-called anti-American...

Brazil's auto sales, production dip in June

SAO PAULO -Brazil's auto production fell 6.5% in June from the previous month, totaling 200,764 units, data released by automakers association Anfavea showed on Monday. Auto sales in...

Currencies: A last gasp of pride or a dead cat rebounding?

The publication of the US employment report last Thursday caused a sharp jump in the greenback, even as the US economy showed remarkable resilience. The signing - or not - of new trade agreements...

Wall St knocked lower by tariff jitters; Musk's political plan hits Tesla

By Sinéad Carew and Pranav Kashyap -Wall Street's major indexes closed sharply lower on Monday, after U.S. President Donald Trump announced hefty tariffs against Japan, South Korea and...

Exclusive-China's central bank asks financial institutions about dollar weakness, sources say

China's central bank has asked some financial institutions about their views on recent U.S. dollar weakness, people with knowledge of the matter said. In the survey conducted last week,...

Japan must reduce reliance on US trade, opposition head says

TOKYO -Japan must diversify trade ties beyond the U.S. market to mitigate risks and focus on partnerships with countries favouring free trade, Hirofumi Yoshimura, co-representative of the opposition...

Tariff worries, Trump's BRICS swipe spark worst rupee fall in three weeks

The Indian rupee slumped on Monday as uncertainty about U.S. tariff policies resurfaced with President Donald Trump's threat of a fresh 10% levy on BRICS countries compounding pressure on the local...

From Karachi to Gaza: Pakistani startup ships prosthetics to child war survivors

KARACHI -As soon as eight-year-old Sidra Al Bordeeni returned from the clinic with her prosthetic arm, she jumped on a bicycle in the Jordanian refugee camp where she lives, riding for the first time...

Japan's May real wages fall the most in nearly two years

TOKYO -Japanese real wages in May fell at the fastest pace in nearly two years as persistent inflation continued to outpace wage growth and hinder consumption-led growth in the world's fourth-largest...

Germany's Merz spoke with Trump about buying Patriots for Ukraine

German Chancellor Friedrich Merz discussed his country's offer to buy Patriot air defence systems for Ukraine with U.S. President Donald Trump by phone on Thursday, according to a government...