Currencies

Brazil's first bird flu case on commercial firm triggers Chinese ban

SAO PAULO -Brazil on Friday confirmed its first case of the highly contagious bird flu virus on a commercial chicken farm in the south of the nation, triggering a temporary trade ban from its main...

Five charts on Romania's election-driven market jitters

LONDON -Romania holds the deciding round of its presidential election on Sunday with hard-right eurosceptic front-runner George Simion facing off against reformist Nicusor Dan. The...

UAE partners with Italian startup for AI supercomputer

MILAN -United Arab Emirates tech firm G42 agreed on Friday to partner with Italian artificial intelligence startup iGenius to develop a major AI supercomputer in Italy, the companies said in a joint...

Brazil's Gol secures $ 1.9 billion in exit financing with 5-year term

Brazil's airline Gol secured binding commitments for exit financing with a 5-year term totaling $1.90 billion, in context of chapter 11, it said in a filing on Friday. Additional demand...

Argentina's black market for dollars falters as currency controls are eased

On the streets of downtown Buenos Aires, where years of tough currency controls fermented a thriving black market for dollars, an army of illegal money traders are finding times hard under the...

Sterling on track for fifth weekly rise versus euro, await UK-EU meeting

Sterling was on track for its fifth straight weekly rise against the euro on Friday, while hovering near its highest levels since early April. President Donald Trump's April 2...

China's neighbors are betting on their currencies to appease Trump

With the currencies of South Korea, Taiwan, and Japan posting notable gains in recent days, speculation is rife that these economies may use a revaluation of their currencies as leverage in their...

Kenya's shilling stable versus dollar, LSEG data shows

NAIROBI -Kenya's shilling was stable against the dollar on Friday, data from the London Stock Exchange Group showed. At 0727 GMT, the shilling traded at 129.00/129.40 per dollar,...

Japan's April core inflation likely sped up to fastest pace in two years

Japan's April core inflation probably rose at its fastest pace in two years on the reduction of energy subsidies and higher food costs, a Reuters poll showed, adding to pressure on the central bank to...

DAX Expected to Open Little Changed at Week's End

According to calculations by banks and brokerage houses, the DAX is expected to start Friday's trading session with little change. On Thursday, the index gained 0.7 percent to close at 23,695 points,...

Rupee flat on day; dips on week as corporate, interbank dollar bids weigh

The Indian rupee closed nearly flat on Friday but notched its second consecutive weekly fall as a relief rally following an India-Pakistan truce proved fleeting in the face of sustained dollar demand...

Fed's Barr says economy on solid footing, trade dispute clouds outlook

WASHINGTON -The U.S. economy is on solid footing with inflation heading to the central bank's 2% target, but trade policies have clouded the outlook, Federal Reserve Governor Michael Barr said on...

Key points about Russia's 'shadow fleet' of oil tankers

Western sanctions imposed on Russia for invading Ukraine and aimed at cutting its oil revenues have led to the rise of a vast shadow fleet of tankers helping Moscow keep its crude exports flowing. ...

US and UAE finalise technology framework agreement, source says

DUBAI -The United States and United Arab Emirates have finalised a technology framework agreement that is expected to be signed later on Thursday during President Donald Trump's last stop of his...

Another won bites the dust

A look at the day ahead in U.S. and global markets by EMEA markets breaking news editor Amanda Cooper. It's looking very much like another risk-off day for the markets today, where...

Kenyan shilling holds steady against the dollar

NAIROBI -Kenya's shilling was stable on Thursday but market participants said it could weaken slightly later in the session due to potentially higher demand for dollars from general goods importers. ...

South African rand gains on hopes of change to inflation target range

JOHANNESBURG -South Africa's rand firmed on Thursday, after a deputy finance minister indicated that a lower inflation target could be introduced soon, analysts said. At 1525 GMT, the...

As euphoria ebbs, Powell on deck

A look at the day ahead in European and global markets from Rae Wee The euphoria from this week's mix of market tailwinds appears to have run its course, with investors left searching...

Rupee weakens but Trump's trade deal remark helps contain losses

The Indian rupee fell on Thursday, weighed down by persistent interbank dollar demand, but pared losses after President Donald Trump said that India had offered a zero-tariff trade deal to the United...