foreign-currency
Top StoriesExclusive-United Arab Emirates Set to Run Kabul Airport in Deal With Taliban, Sources Say
Top StoriesRussians Rush to Buy Chinese Yuan, Otkritie Bank Says
Top StoriesRussia Attends G20 Meeting Set to Be Dominated by Ukraine Conflict
Top StoriesSterling at 2-year Low Against Dollar as Boris Johnson Hangs On
Not ‘business as Usual’ for G20 Foreign Ministers Meeting in Bali
Date: July 6, 2022
By Kate Lamb and David Brunnstrom (Reuters) – G20 foreign ministers travel to the resort island of Bali this week for a meeting that will be overshadowed by the war in Ukraine, with Russia’s attendance creating rifts in the bloc as host Indonesia tries to mediate. The Group of 20 includes Western countries that have...
Sri Lanka President Asks Russia’s Putin to Help Import Fuel
Date: July 6, 2022
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s president on Wednesday said he urged Russian leader Vladimir Putin to help his cash-strapped island nation import fuel as it faces its worst economic crisis in seven decades. Short of foreign exchange because of economic mismanagement and the impact of the COVID-19 crisis, Sri Lanka has been struggling...
German Industrial Orders Grow Slightly in May, Reversing Trend
Date: July 6, 2022
BERLIN (Reuters) -German industrial orders grew slightly in May, beating expectations and reversing a trend after three consecutive months of decline due to the war in Ukraine, data showed on Wednesday. Orders for industrial goods increased by 0.1% on the month in seasonally adjusted terms after an upwardly revised decline of 1.8% in April, figures...
Sterling Slumps 1.5% vs Dollar on Safe-Haven Demand, Weak UK Data
Date: July 1, 2022
By Joice Alves LONDON (Reuters) -Sterling slumped on Friday against the dollar and was set for its worst week against the greenback in a year as renewed fears of a global recession coupled with UK weak economic data knocked the British currency. After its biggest six-month decline since 2008 against the U.S. dollar, risk-sensitive sterling...
Dollar Boosted by Safety Bid on Rising Recession Fears
Date: July 1, 2022
By Karen Brettell NEW YORK (Reuters) – Pessimism about the outlook for the global economy boosted demand for the safe haven U.S. dollar on Friday while the Australian dollar, a proxy for global growth, tumbled to a two-year low. Rampant inflation and a rush by central banks to raise rates and stem the flow of...
Volatile Rouble Slumps to 10-day Low; Gazprom Shares Extend Losses
Date: July 1, 2022
MOSCOW (Reuters) -The Russian rouble plunged more than 6% against the dollar on Friday to its weakest level in 10 days, while shares in Gazprom extended losses after the gas giant cancelled dividend payments, pressuring Russian stock indexes. As of 1019 GMT, the rouble was 5.9% weaker against the dollar at 54.50, earlier hitting its...