Currencies

IMF lifts 2025 GDP emerging economies' outlook on improved China view

NEW YORK -The International Monetary Fund raised its outlook for economic growth across emerging market and developing economies this year to 4.1% from 3.7%, driven by frontloading and a more upbeat...

Pakistan's crackdown on black market dollar trade pushes deals online

KARACHI/PESHAWAR, Pakistan -Pakistan's crackdown on black market dollar trading has strengthened the rupee, but traders say under-the-counter deals have swiftly shifted to smartphones and home...

Pound at 10-week low against dollar after US-EU trade deal

LONDON -The pound fell to a 10-week low against a stronger dollar on Tuesday, while staying just off a two-year low against the euro, as markets continue to digest the announcement of the trade deal...

Dollar rejuvenated

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets  The dollar is on course for its best week of the year, as unfolding U.S....

Fed's policy toolkit may be headed for fundamental changes

A U.S. senator's recent push to strip the Federal Reserve of a key aspect of how it controls interest rates and the battle over who will succeed Fed Chair Jerome Powell point to a future where some...

DAX Rebounds - Defense Deal Boosts Heidelberger Druck

After Monday's losses, the Frankfurt Stock Exchange saw a modest uptick on Tuesday morning. Germany's benchmark DAX index opened nearly half a percent higher at 24,051.71 points, recovering some...

South African rand extends losses as traders await outcomes of rate meeting, US tariffs

JOHANNESBURG -The South African rand weakened on Tuesday, with investor attention pinned on the outcome of the country's monetary policy meeting and updates on tariff negotiations as it faces a 30%...

Siltronic Lowers Revenue Target Amid Robust Quarterly Results

Due to the depreciation of the US dollar, chip industry supplier Siltronic has revised its full-year revenue target downward. Moreover, the company announced on Tuesday that there was no sign of a...

Russia's Yandex rebounds from loss to post Q2 profit growth

Russian internet giant Yandex bounced back from a first-quarter net loss to report a 34% year-on-year rise in second-quarter adjusted net profit to 30.4 billion roubles , the company said on...

Exclusive-Brazil in talks with TPG, Brookfield over $4 billion climate finance push

LONDON/BRASILIA -Brazil is in talks with global investors including TPG and Brookfield to raise nearly $4 billion for climate-focused projects, as it ramps up a green finance push ahead of hosting...

Sterling bounces off two-year low on euro, soft on dollar

LONDON -The pound briefly hit a two-year low versus the euro on Monday, before rebounding, and dipped on the dollar, though its moves were largely a function of those elsewhere as investors digested...

US-EU deal boosts markets and the dollar

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets European stocks and Wall Street futures climbed again after the weekend...

Indian rupee, bond markets cautious in week dominated by Fed, tariffs

MUMBAI -The Indian rupee and government bonds will react to a host of cues this week, including a U.S. Federal Reserve policy decision and the August 1 reciprocal tariff deadline, which is likely to...

Dollar rises against major peers after US-EU trade pact

NEW YORK/LONDON -The dollar rose against the euro and yen on Monday as markets were buoyed by a trade agreement between the U.S. and the EU, which brought some market certainty and averted a global...

Russia starts first Moscow-Pyongyang passenger flights in decades

Russia will launch direct passenger flights from Moscow to North Korea's capital Pyongyang on Sunday, Russian authorities said, as the two former communist bloc allies move to improve ties following...

Trump tariffs weigh on Brazil chemical exporters, spark order cancellations

SAO PAULO -Chemical products companies in Brazil, which exported $2.4 billion to the U.S. last year, face a slew of contract cancellations as President Donald Trump has threatened a new 50% tariff on...

Trump: strong dollar sounds good but 'you make a hell of a lot more' with a weaker one

WASHINGTON -U.S. President Donald Trump said on Friday he liked a strong dollar but you make a hell of a lot more money with a weaker one. So when we have a strong dollar, one thing...

Russian central bank slashes key rate by 200 bps in biggest cut since May 2022

The Russian central bank cut its key interest rate by 200 basis points to 18% on Friday, hoping to revive lending and boost flagging economic growth after stubbornly high inflation showed signs of...

Bank of Canada to hold rates steady on July 30, but cut two more times in 2025- Reuters poll

BENGALURU -The Bank of Canada will hold its overnight interest rate steady at 2.75% on July 30 for the third consecutive meeting thanks to a recent rise in inflation and a fall in unemployment,...