foreign-currency
Top StoriesJohnson’s Weakness Pins Britain’s Pound Near 3-week Lows
Top StoriesExclusive: Russia Warns U.S. Media in Moscow They Risk Losing Their Accreditation – Sources
Top StoriesRussia Says It Will Push Ukrainian Forces Back to Defend Against Longer-Range Weapons
Top StoriesPound up vs Weaker Dollar as Johnson Faces Confidence Vote
Exclusive-UniCredit Widens Search for Buyers to Sell Out of Russia – Sources
Date: June 6, 2022
By Giselda Vagnoni and Valentina Za MILAN (Reuters) – Italian bank UniCredit has widened its search for a buyer for its Russian business beyond local investors, as it steps up efforts to leave the country, two people with knowledge of the matter said. UniCredit held talks with local bidders, but escalating Western sanctions have hampered...
Explainer-Russia Walks the Plank to a Foreign Bond Default
Date: June 6, 2022
By John O’Donnell and Sujata Rao FRANKFURT (Reuters) -Russia’s failure to send an interest payment to creditors is triggering a payout on debt insurance, taking the country another step closer to its first default on international bonds since the Bolshevik revolution more than a century ago. On Friday, the European Union expanded sanctions on Russia,...
Depository Russia Planned to Service Eurobonds Halts Euro Transactions
Date: June 3, 2022
(Reuters) -Russia’s National Settlement Depository (NSD), which Moscow had planned to use to service the country’s Eurobonds, will suspend transactions in euros after the European Union added the entity to its extended sanctions list, the NSD said on Friday. Earlier this week, Russia said it was replacing Citibank, which has stopped servicing the country’s Eurobonds,...
High Hopes Lavrov Visit to Turkey Unlocks Ukraine Grain Exports, Turkish Source Says
Date: June 3, 2022
By Orhan Coskun and Tuvan Gumrukcu ANKARA (Reuters) -Turkey expects progress on a plan to unlock grains exports from Ukraine’s Black Sea ports when Russia’s foreign minister visits next week and both Moscow and Kyiv want a solution despite their conditions, a senior Turkish official said. Though hurdles remain – such as payment mechanisms for...
Ukrainians Hold Out as Russia Storms Eastern City on War’s 100th Day
Date: June 3, 2022
SIEVIERODONETSK, Ukraine (Reuters) -Russian forces advanced deep into the ruined eastern factory city of Sievierodonetsk but Ukrainian troops were still holding out there on Friday as Russia’s assault on its neighbour reached its 100th day. Ukraine’s defence minister said his troops were already training in Europe to operate new, advanced missile systems pledged this week...
Russian Rouble Falls Below 62 vs Dollar on Friday Trade
Date: June 3, 2022
(Reuters) – The Russian rouble fell below 62 to the dollar on Friday and lost over 1% versus the euro as foreign demand for roubles to pay for Russian gas weakened. At 0757 GMT, the rouble was 0.9% weaker against the dollar at 62.17 and had eased 1.1% to trade at 66.29 versus the euro....