Currencies

Kenyan shilling flat Vs dollar - LSEG data

NAIROBI -The Kenyan shilling was flat against the dollar on Friday from the previous session, data from the London Stock Exchange Group showed. At 0717 GMT commercial banks quoted the...

South African rand gains as worries ease of US involvement in Middle East

JOHANNESBURG -The South African rand was up on Friday, as most emerging markets benefited from easing worries of an immediate U.S. involvement in the Iran-Israel conflict. At 1436 GMT,...

Slow rate hikes could cause wage-price spiral, BOJ paper says

TOKYO -Hiking interest rates only gradually as raw material costs rise could heighten the risk of an upward spiral in wages and consumer prices, the Bank of Japan said in a research paper released...

Russia's flagship economic forum offers scant hope of foreign investment revival

ST PETERSBURG, Russia -Foreign direct investment into Russia has fallen sharply, U.N. data published on Thursday showed, and Russia's premier economic forum in St Petersburg this week is offering...

Putin hosts Indonesia's Prabowo in Russia in bid to deepen ties

ST PETERSBURG, Russia -Indonesian President Prabowo Subianto held talks with President Vladimir Putin in the northern Russian city of St Petersburg on Thursday after which the duo signed a...

Fears of Iran Conflict Escalation Weigh on DAX

The prospect of U.S. involvement in Israeli strikes against Iran sparked unease among DAX investors on Corpus Christi, sending Germany's leading index down as much as 0.9 percent to 23,118 points...

Russia's Novak says no one has approached government about buying Nord Stream 2

ST PETERSBURG -Russian Deputy Prime Minister Alexander Novak said on Thursday that no one has approached the Russian government about buying the Nord Stream 2 gas pipeline. The Wall...

Exclusive-Japan to cut super-long bond sales by 10% to calm markets, draft shows

TOKYO -Japan's government plans to cut sales of super-long bonds by about 10% from its original plan in a rare revision to its bond programme for the current fiscal year, trimming overall bond...

Fed's Powell says central bank still has the needed data to do its work

Federal Reserve Chair Jerome Powell made a plea on Wednesday for the government not to cut back too aggressively on its efforts to collect data on the economy because the information it collects...

Fed officials see two rate cuts in 2025, but overall turn hawkish

WASHINGTON -U.S. central bankers are increasingly split over the appropriate path of policy, with the median of fresh forecasts published on Wednesday still pointing to a half percentage point of...

EU countries reach deal on new defence funding programme

BRUSSELS -European Union governments have reached an agreement on a 1.5 billion-euro EU scheme to fund defence investments, although some complained that its 'buy European' provisions are too...

Trump knocks Fed's Powell, muses about appointing himself to lead central bank

WASHINGTON -U.S. President Donald Trump on Wednesday knocked Federal Reserve Chair Jerome Powell for what he expected would be a decision not to lower interest rates and said the man he put in the...

US-Canada deal prospect offers hope but inflation a worry if tariffs remain, says BoC

The Bank of Canada Governor Tiff Macklem said on Wednesday that the prospect of a new Canada-U.S. trade deal offers hope that tariffs will be removed, but cautioned that inflation could rise if...

US weekly jobless claims, housing data point to softening economic activity

WASHINGTON -The number of Americans filing new applications for unemployment benefits fell last week, but stayed at levels consistent with a further loss of labor market momentum in June and...

Exclusive-Russia's Sberbank warns of economy overcooling, says key rate below 15% would spur growth

ST PETERSBURG -The Russian economy could cool down excessively due to high interest rates and may face difficulties returning to a growth path, Alexander Vedyakhin, First Deputy CEO of Russia's...

Gloom pervades ahead of Fed meet's outcome

A look at the day ahead in European and global markets from Rae Wee Markets head into Wednesday's Federal Reserve rates decision with much uncertainty around the global economy, trade...

China's forex regulator vows to fend off external shocks

SHANGHAI -China's foreign exchange regulator on Wednesday vowed to keep the yuan exchange rate basically stable and fend off external shocks and risks. Speaking at the Lujiazui Forum in...

Japan manufacturers' confidence dips in June on tariffs, China woes

TOKYO -Japanese manufacturers grew less confident about business conditions in June and expressed caution about the outlook for the next three months, citing U.S. tariff uncertainties and weak...

US tariffs, tax hikes to depress UK growth this year and next, CBI forecasts show

LONDON -One of Britain's leading business groups on Wednesday slashed its forecast for economic growth in 2025 and next year due to headwinds from U.S. President Donald Trump's tariffs and an...