Currencies

Fed's Barkin says hard to know how long higher productivity will last

Rising productivity is helping businesses ease cost pressures, aiding the U.S. central bank's inflation fight, but it is difficult to predict if it will persist and, as a result, hard to know how...

Sterling steady as traders eye Bank of England decision

The pound was little changed on Tuesday as a light economic calendar made for steady trading ahead of the Bank of England's interest rate decision on Thursday. Sterling was last trading...

Euro zone banks tightening access to business credit, ECB survey shows

Euro zone banks tightened access to corporate credit last quarter and expect to see further tightening ahead due to widespread economic uncertainty, partly related to trade policies, the European...

Russia's 2026 GDP growth is seen at 1-1.3%, deputy PM Novak says

Russia's gross domestic product is expected to grow by 1 to 1.3% in 2026, Deputy Prime Minister Alexander Novak said on Tuesday. For 2025, growth was estimated at 1% and the jobless...

India to ramp up purchases of US oil, arms, aircraft; open some farm access

India has agreed to buy petroleum, defence goods, and aircraft from the U.S., while partly opening up its highly-guarded agriculture sector under a trade deal, according to a government official, as...

Japan PM's idle yen comments send finance bureaucrats scrambling

Just as Japan was finally gaining ground in its long, hard fight to stop sharp currency falls, a fresh challenge has emerged from its own prime minister, whose off-the-cuff comments tell a different...

Top consulting firms test boundaries with China workarounds

Faced with a fraught geopolitical environment, global consultancies are turning to riskier ways to do business in China that some industry and legal experts say test the boundaries of Western...

India-U.S. tariffs since Trump imposed duties on India

U.S. President Donald Trump on Monday said he had agreed on a trade deal with India, and that New Delhi also agreed to stop buying Russian oil and buy more from the U.S. and potentially Venezuela. ...

US to cut tariffs on India to 18%, India agrees to end Russian oil purchases

U.S. President Donald Trump on Monday announced a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade...

EU efforts to diversify critical raw material imports fail so far, auditors say

The European Court of Auditors said on Monday the EU's efforts to diversify its imports of metals and minerals critical to tech, defence and the energy transition had yet to produce tangible results....

EURO / US DOLLAR (EUR/USD): EUR/USD: Possible End to recent trend

The appointment of Kevin Warsh as chairman of the Federal Reserve has turned the tide for the dollar, while deepening the sell-off in precious metals. Amongst the contenders, Warsh is a surprising...

Sterling steady near $1.37 as eyes turn to BoE announcement 

The pound held steady against the dollar on Monday near a multi-year high hit last week as attention focused on a Bank of England policy announcement on Thursday.  Sterling was last up...

Euro zone firms see deteriorating profits, ECB survey shows

Euro zone firms expect revenues to keep rising this quarter but profitability is taking a hit, the European Central Bank's quarterly Survey on the Access to Finance of Enterprises showed on Monday. ...

Russian manufacturing contraction eases but VAT hike fuels inflation, PMI shows

Russia's manufacturing sector showed signs of stabilisation in January, with the pace of contraction in output and new orders easing, although a recent increase in value-added tax drove inflationary...

Rupee shored up by RBI intervention, swaps cushion liquidity as bonds sell off

The Indian rupee logged its best single-day gain in over a month on Monday, boosted by likely dollar sales by the central bank and modest inflows that dulled the spillover from global market...

India budget leaves rupee, bonds vulnerable heading into RBI policy decision

The Indian rupee and government bonds are expected to extend their rough patch this week as the government's higher-than-expected borrowing plan is a concern for traders while weak capital flows leave...

UK wants closer EU defence ties with potential bid to join new SAFE fund

British Prime Minister Keir Starmer said his government will consider applying to join a second possible multi-billion-euro European Union fund for defence projects as his ministers prepare for talks...

India's budget aims to ramp up domestic manufacturing in a volatile environment

India's Finance Minister Nirmala Sitharaman presented the 2026/2027 budget to parliament on Sunday aiming to lift manufacturing and generate jobs in the world's most populous country. ...

Japan markets on edge over looser fiscal policy, ex-currency diplomat Watanabe says

Japan will continue to face market jitters over fiscal policy, with the risk of further tax relief raising the prospect of a renewed selloff in government bonds and the yen similar to Britain's Truss...