Analysis: Currencies

Markets brace for volatility amid Trump's Fed maneuvers

Financial markets may be looking at another bout of volatility over the next six months, economists cautioned, as U.S. President Donald Trump clashes with the Federal Reserve to exert influence on...

US Justice Department opens criminal mortgage fraud probe into Fed Governor Cook

The U.S. Justice Department has launched a criminal mortgage fraud probe into Federal Reserve Governor Lisa Cook and has issued grand jury subpoenas out of both Georgia and Michigan, according to...

DOJ issues subpoenas as part of probe into Fed governor Lisa Cook, WSJ reports

The U.S. Justice Department has opened a criminal investigation into Federal Reserve Governor Lisa Cook, issuing subpoenas as part of an inquiry into whether she submitted fraudulent information on...

Russia's Nornickel says China payments problem persists after Xi-Putin meetings

VLADIVOSTOK, Russia -Chinese banks are still delaying payments for Russian imports by up to four weeks, a senior executive at metals producer Nornickel said on Thursday, despite assurances from...

US service sector regains speed in August; employment weak

WASHINGTON -U.S. services sector activity picked up in August, but employment remained subdued as labor market conditions ease. The Institute for Supply Management said on Thursday its...

Russia may extend gasoline exports ban for producers through October, RIA reports

MOSCOW -Russian authorities may prolong the gasoline export ban for oil producers into October, Russian state-run news agency RIA reported on Thursday, citing Vitaly Korolev, deputy head of the...

Toronto home sales decline in August as recovery stalls

TORONTO -Greater Toronto Area home sales fell for the first time in five months in August and prices edged lower, Toronto Regional Real Estate Board data showed on Thursday. Seasonally...

South African rand steady as focus on US jobs data

JOHANNESBURG -The South African rand was steady in early trade on Thursday, as investors focused on U.S. jobs data due this week. At 0628 GMT, the rand traded at 17.7025 against the...

Chinese investment doubles in Brazil, jumping to No. 3 destination

SAO PAULO -Brazil has emerged as the third-biggest destination for Chinese investments in the world, a study showed, with dozens of projects across several sectors attracting $4.2 billion last year,...

Russian court recovers $105.4 million in damages from Euroclear, RIA reports

MOSCOW -An arbitration court in Moscow has recovered some $105.4 million in damages from Belgium's Euroclear following a lawsuit filed by a former division of Russia's largest lender Sberbank, the...

Turkey's Horoz in delivery deal with Chinese online market Temu

Turkey-based logistics company Horoz Lojistik agreed with Chinese online marketplace Temu to provide delivery services for Temu's e-commerce operations in the local Turkish market, it said on...

Fed announces October conference on payments innovation

WASHINGTON -The U.S. Federal Reserve announced Wednesday it would host an Oct. 21 conference on payments innovation. The conference will explore emerging topics like stablecoin use...

Slovak gas pipeline operator's owner posts H1 earnings drop after gas flows halted

PRAGUE -EP Infrastructure , majority owned by Czech billionaire Daniel Kretinsky's EPH energy group, reported a 27% year-on-year fall in first-half adjusted EBITDA, to 524 million euros, hit by a...

Putin says China to benefit from market-based gas price via new pipeline

BEIJING -Russian President Vladimir Putin said on Wednesday that the planned new Power of Siberia 2 gas pipeline would give a competitive advantage to China because the world's biggest energy...

BoE's Bailey 'very concerned' about threats to US Fed independence

LONDON -Bank of England Governor Andrew Bailey said on Wednesday he was very concerned about threats to the U.S. Federal Reserve's independence, describing it as a very serious issue. ...

Russia's car market struggles to recover as sales decline deepens in August

New car sales in Russia fell by 17.6% year-on-year in August, accelerating from July's 11.4% decline, data showed on Wednesday, as lower interest rates failed to revive the market. The...

Musalem says Fed policy in right place, warns of job market risks

St. Louis Federal Reserve President Alberto Musalem said on Wednesday the U.S. central bank's monetary policy is in the right place given current economic data, in remarks that flagged rising risks...

UK budget speculation adds to risks for the economy

and possib...

Fed rate cuts and doubts over independence to keep US dollar under pressure

BENGALURU -The U.S. dollar will weaken over coming months as market participants ponder the Federal Reserve's future independence and how many more rate cuts it may deliver, a Reuters survey of...