foreign-currency
Top StoriesRussia’s Invasion of Ukraine Enters 100th Day
Top StoriesMicrosoft Warns of Forex Hit, Cuts Forecast
Top StoriesRussian Rouble Eases Towards 62 vs Dollar, Stocks Fall
Top StoriesFinland and Sweden Say Will Continue NATO Talks With Turkey
Russia Says U.S. Rocket Supplies to Ukraine Risk Widening Conflict
Date: June 1, 2022
LONDON (Reuters) -Russia on Wednesday sharply criticised a U.S. decision to supply advanced rocket systems and munitions to Ukraine, warning it could widen the conflict and increase the risk of direct confrontation with Washington. U.S. President Joe Biden has agreed to provide Ukraine with rockets that can strike with precision at long-range Russian targets as...
Turkey’s Erdogan Halts Talks With Greece as Tensions Flare Again
Date: June 1, 2022
ANKARA (Reuters) -President Tayyip Erdogan said on Wednesday Turkey was halting talks with Greece, partly over a dispute with the Greek prime minister and what Ankara calls airspace violations, marking the latest reversal in the neighbours’ long-testy relationship. Last year, after a five-year hiatus, the two NATO members resumed talks to address their differences in...
Russia Says U.S. ‘adding Fuel to the Fire’ by Sending Rockets to Ukraine
Date: June 1, 2022
LONDON (Reuters) – Russia on Wednesday sharply criticised a U.S. decision to supply advanced rocket systems and munitions to Ukraine, warning of an increased risk of direct confrontation with Washington. Kremlin spokesperson Dmitry Peskov told reporters: “We believe that the United States is purposefully and diligently adding fuel to the fire.” When asked how Russia...
Sterling Struggling for Direction Amid Concerns About Economy
Date: June 1, 2022
(Reuters) – Sterling was struggling for direction on Wednesday, with investors concerned about a deteriorating growth outlook but ruling out a further significant pound decline. With UK markets closed on Thursday and Friday, analysts expect reduced volatility ahead of the long weekend. British manufacturing activity expanded in May at the weakest rate since January 2021,...
Gazprom Cuts Gas Supply to Orsted and Shell Energy
Date: June 1, 2022
(Reuters) – Russian gas producer Gazprom has cut off gas supplies to Denmark’s Orsted and to Shell Energy for its contract to supply gas to Germany, it said on Wednesday, citing the companies’ failure to make payments in roubles. Gazprom has already halted supplies to Dutch gas trader GasTerra, as well as to Bulgaria, Poland...
Russian Central Bank Plays Down Role of Dollar and Euro at Home and Globally
Date: May 31, 2022
(Reuters) -Russia’s central bank said on Tuesday that the role of the dollar and the euro as global currencies would decline as central banks rethink their strategies after the West froze Russian reserves, suggesting it could consider imposing negative rates for dollar and euro deposits. Unprecedented Western sanctions have frozen around half of Russia’s gold...