Currencies

Russia's VTB board recommends first dividend since start of Ukraine war

Russia's second largest bank, VTB, announced its first dividend payment since the start of the war in Ukraine on Monday. Shares in the bank rose 25%, according to Moscow Stock Exchange...

Speculation Over Tariff Deals Fuels Further Gains on European Stock Markets

Hopes for progress in the US-China tariff dispute continued to drive European stock markets higher at the start of the week. The DAX was trading more than half a percent higher at 22,394 points by...

BOJ to keep rates steady, warn of US tariff risks

The Bank of Japan is expected to keep interest rates steady on Thursday and warn of heightening risks to the fragile economy that could keep policy in a holding pattern, as U.S. tariffs continue to...

India rupee, bonds to be guided by fallout from Kashmir attack

MUMBAI -The path for Indian rupee and government bonds this week hinges on the geopolitical fallout from the militant attack in Kashmir, traders said. India has said there were...

Former Fed governor Warsh blasts US central bank for leaving its lane

WASHINGTON -Former Federal Reserve Governor Kevin Warsh, with whom President Donald Trump is reported to have discussed firing U.S. central bank chief Jerome Powell and installing him in his place,...

Fed survey finds global trade fight, policy uncertainty top financial stability risks

WASHINGTON -Rising risks around global trade, general policy uncertainty, and the sustainability of U.S. debt topped the list of potential risks to the U.S. financial system in a new Federal Reserve...

Russia keeps key rate on hold, braces for global turbulence

MOSCOW -The Russian central bank maintained its key interest rate at 21% on Friday, with inflation starting to decline but new risks facing the Russian economy because of global economic turbulence...

India's forex reserves jump to six-month high of $686.2 billion

MUMBAI -India's foreign exchange reserves rose for a seventh consecutive week and stood at a six-month high of $686.15 billion as of April 18, according to data released by the central bank on...

Pound finds some footing on retail sales amid dollar rebound

LONDON -British retail sales data that exceeded expectations offered some support to sterling on Friday though not enough to keep it in positive territory against the dollar's mini bounce-back across...

Rupee falls amid rising tensions with Pakistan after Kashmir attack

The Indian rupee ended weaker in a volatile session on Friday as investors stayed cautious amid fears of an escalation in tensions with Pakistan after a militant attack in Kashmir earlier this week. ...

Canada's main election contenders raise investor hopes of pro-business era

TORONTO -Canada stands to elect a more business-friendly government than has been the case in recent years but its trade-dependent economy could be in line for an increased level of deficit spending,...

Russia's Yandex reports net loss of $130.5 million

MOSCOW -Russian internet giant Yandex swung to a first-quarter net loss of 10.8 billion roubles , against a net profit of 20.1 billion roubles a year earlier, partly due to high expenses relating to...

US bank regulators pull back guardrails on bank crypto activities

WASHINGTON -U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. ...

Core inflation in Japan's capital hits 2-year peak, raising challenge for BOJ

TOKYO -Core inflation in Japan's capital accelerated to a two-year high in April on surging food costs, making the central bank's quest to fully exit ultra easy policy a delicate balancing act of...

Japan says no talk of currency target, yen control in finance dialogue with US

WASHINGTON -Japanese Finance Minister Katsunobu Kato said on Thursday he agreed with U.S. Treasury Secretary Scott Bessent to continue constructive dialogue on currency policy, but did not discuss...

Dollar rally unravels as investors shrug off Trump U-turns

NEW YORK -The dollar staged a broad retreat on Thursday, as investor gloom over the lack of progress toward defusing the U.S.-China trade war reasserted itself following an interlude of optimism the...

Collaborate on energy security or be vulnerable, Britain tells global meeting

LONDON -Britain urged closer international cooperation to improve energy security on Thursday, telling dozens of other governments and business leaders that they would otherwise be vulnerable to...

US labor market holds steady for now; tariffs keep businesses on edge

The number of Americans filing new applications for unemployment benefits increased marginally last week, suggesting the labor market remained resilient despite darkening clouds over the economy...

Emerging economies face longer period of tighter financing, South African central banker says

WASHINGTON -Emerging economies will have to grapple with tighter global financing conditions for longer while the future of risk-free assets is very much in focus, the head of South Africa's central...