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Top StoriesDollar on Track for Best Month Since 2015
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TradingDollar on Track for Best Month Since 2015
Top StoriesSterling Steadies Near 21-month Low Against Strong Dollar
Swiss National Bank Posts $34 Billion Loss as Bond Losses Bite
Date: April 28, 2022
ZURICH (Reuters) – The Swiss National Bank reported a first quarter loss of 32.8 billion Swiss francs ($33.75 billion), the central bank said on Thursday, as lower bond prices and the higher franc dented the value of its foreign currency investments. The bank made a loss of 36.8 billion francs from its foreign currency investments...
What Is the EU’s Stance on Russia’s Roubles Gas Payment Demand?
Date: April 27, 2022
By Kate Abnett BRUSSELS (Reuters) – Russia halted gas supplies to Bulgaria and Poland on Wednesday for rejecting its demand that European buyers start paying for Russian gas in roubles. The European Commission has said countries should not pay in roubles, and that complying with Russia’s request could breach European Union sanctions against Moscow over...
Us, European Shares Rise as Earnings Mixed; Euro Dives to Lowest Since 2017
Date: April 27, 2022
By Chris Prentice and Tommy Wilkes WASHINGTON/LONDON (Reuters) – Major U.S. and European equity indexes rose in choppy trade on Wednesday, and the euro dropped to its weakest since 2017 after Russia halted gas supplies to Bulgaria and Poland and investors worried more about the region’s economy. Wall Street rose, rebounding the day after a...
Renault to Offload Its Stake in Lada Maker for One Rouble, Russia Says
Date: April 27, 2022
(Reuters) -Renault will transfer its 68% stake in Russia’s biggest carmaker Avtovaz to an auto research institute for one symbolic rouble, Russia said on Wednesday, the latest example of local institutions snapping up bargains as Western firms flee. The trade ministry also said Renault’s factory in Moscow, which produces cars under the Renault and Nissan...
Dollar Jumps on China Growth Fears, Yen Rebounds Before BOJ Meeting
Date: April 26, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar hit a two-year high on Tuesday as concerns about slowing growth in China and expectations the Federal Reserve will aggressively hike rates boosted demand for the greenback. The Japanese yen also rebounded as investors speculated that the Japanese central bank or government may act to stabilise...
Tensions Surge After Breakaway Moldovan Region Reports Attacks; Kyiv Blames Russia
Date: April 26, 2022
By Alexander Tanas CHISINAU (Reuters) – Ukraine accused Moscow on Tuesday of trying to drag Moldova’s breakaway region of Transdniestria into its war on Kyiv after authorities in the Moscow-backed region said they had been targeted by a series of attacks. Authorities in Transdniestria, an unrecognised sliver of land bordering southwestern Ukraine, said that explosions...