Currencies

Potato price surge fuels inflation pain for Russia's poorest

At a farm near Moscow, newly arrived guest workers from India are planting potatoes and cabbages - work closely monitored by central bank analysts as they prepare for board meetings to set interest...

EU's new Russia sanctions to target energy sector and banks

BRUSSELS -The European Commission proposed on Tuesday an 18th package of sanctions against Russia for its invasion of Ukraine, aimed at Moscow's energy revenues, its banks and its military industry. ...

UK pay growth slows as jobless rate rises to highest since 2021

LONDON -Pay growth in Britain slowed sharply and unemployment rose to its highest in nearly four years in the three months to April, official data showed on Tuesday, potentially making the Bank of...

BOJ to consider slowing bond taper as market jitters persist

TOKYO -The Bank of Japan is expected to keep interest rates steady next week and consider slowing reductions in its bond purchases from next fiscal year, a move that would signal its preference to...

DAX Investors Remain Cautious as Defense Stocks Come Under Pressure

DAX investors are treading carefully amid ongoing trade talks between the US and China in London. Germany's benchmark index slipped 0.1 percent to 24,149 points at Tuesday's opening. This week...

Deal to get US-China trade truce back on track is done, Trump says

WASHINGTON/LONDON -President Donald Trump on Wednesday said he was very happy with a trade deal that restored a fragile truce in the U.S.-China trade war, a day after negotiators from Washington and...

Japan to conduct appropriate debt management policies, finance minister says

TOKYO -Japanese Finance Minister Katsunobu Kato said on Tuesday that the government will conduct appropriate debt management policies while communicating closely with market participants. ...

Brazil inflation estimated to have edged down in May

Brazil's inflation is estimated to have edged down in May as a persistent rise in food and beverage prices took a break, a Reuters poll found. Food inflation has begun to cool due to a...

Why Brazil's 'King of Cattle' is embracing a plan to save the Amazon

XINGUARA, Brazil -Decades of ranching in the Amazon have earned Roque Quagliato, Brazil's King of Cattle, great wealth - and some trouble. His family's immense farms were accused of submitting workers...

South African rand gains with attention on US-China trade talks

JOHANNESBURG -The South African rand strengthened on Monday as markets awaited the outcome of U.S.-China trade talks. At 1515 GMT, the rand traded at 17.7125 against the dollar, about...

Stocks climb, dollar dips with US-China trade talks eyed

NEW YORK -Global stocks climbed on Monday while the dollar retreated as talks began in London between the United States and China, aimed at cooling a trade dispute between the world's two largest...

BOJ must ensure fiscal considerations don't overtake mandate, deputy governor says

TOKYO -The Bank of Japan should make clear it is not monetising government debt by ensuring that fiscal considerations do not take precedence over its goal of achieving price stability, Deputy...

China's forex reserves up $3.6 billion in May, less than expected

BEIJING -China's foreign exchange reserves rose by a less-than-expected $3.6 billion in May, official data showed on Saturday, as the dollar continued to weaken against other major currencies. ...

Russian central bank delivers surprise rate cut, first since 2022

MOSCOW -The Russian central bank cut its key interest rate by a full percentage point to 20% on Friday, a surprise move by the bank which it justified by pointing to declining inflation pressure and...

Canada's May unemployment rate at multi-year high

OTTAWA -Canada's unemployment rate in May jumped to its highest level in almost nine years, excluding the peak of the COVID-19 pandemic, with 1.6 million jobless people in the country, data showed on...

Fed's Bowman lays out ambitious agenda to overhaul and ease bank oversight

WASHINGTON -The Federal Reserve's new top regulatory official on Friday laid out an ambitious agenda for revisiting and easing numerous bank rules and oversight policies which she argued have become...

Fed likely to leave rates unchanged as US job market cools but doesn't crumble

Federal Reserve policymakers have already signaled they are in no rush to cut interest rates, and a government report on Friday showing the labor market is far from crumbling amid big trade policy...

Russia's Nabiullina on central bank rate cut, inflation and rouble

MOSCOW -Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank cut its key rate to 20% from 21%. ...

China's yuan slips to 2-year low versus peers after Trump-Xi call leaves issues unresolved

China's yuan slipped against the dollar while falling to a near two-year low versus its major trading partners on Friday, as U.S. President Donald Trump and Chinese leader Xi Jinping held a...