Currencies

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...

DAX Edges Upward as Investors Eye US Labor Market

Investors on the German stock market largely kept a low profile on Thursday. The DAX was up 0.1 percent in early trading at 23,621 points, following a half-percent gain on Wednesday. The prospect of...

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...

Indian rupee to avert further major declines in near-term, FX strategists say

BENGALURU -The Indian rupee will avoid a further dramatic slide after falling through 88 per U.S. dollar this week, according to a Reuters poll of foreign exchange analysts, but over one-third expect...

Rupee up for second day on bets of short-term rebound despite tariff-related risks

The Indian rupee ended higher on Wednesday even as most Asian currencies fell, with market participants betting on the unit staging a recovery in the near term, while weakness in the dollar index and...

Japanese investors are leaving the reflation trade to foreigners

SINGAPORE -Japanese financial markets are undergoing a long-awaited reflation trade. There's just one missing factor: the Japanese investor. Foreign buyers have been in the driving seat...