Central Bank

Dollar rises towards 20-year high, euro dips after weak data

The dollar rose back towards a 20-year high on Monday as the euro struggled around the $1.05 mark, with investors…

4 years ago

Analysis: Globalised yuan complicates Beijing’s bid to stem capital flight

This month's dive in China's currency has revived memories of past routs but market participants say increased foreign holdings of…

4 years ago

HSBC profit falls on credit charges as economic outlook worsens

HSBC (HSBA.L) has shelved plans for fresh stock buybacks this year after reporting an unexpected hit to its capital on Tuesday, as…

4 years ago

Sri Lanka unilaterally suspends external debt payments, says needs money for essentials

Sri Lanka's central bank said on Tuesday it had become "challenging and impossible" to repay external debt, as it tries…

4 years ago

<strong>455,000 jobs were added in March, exceeding estimates: ADP</strong>

ADP reports that private payrolls increased by 455,000 in March, exceeding estimates. According to ADP, a payroll processing firm, employers…

4 years ago

Explainer: Challenges arise as Russia calls for gas payments in roubles

Russian President Vladimir Putin on Wednesday said the world's largest natural gas producer would soon require "unfriendly" countries to pay…

4 years ago

Analysis: Investors see risks spiking, fear market-wide liquidity crunch

Wild swings in asset prices following Russia's invasion of Ukraine are prompting some investors to pare risk in their portfolios,…

4 years ago

Explainer: Russia could work around SWIFT ban but with high costs

Western sanctions banning several Russian banks from the SWIFT international payments network with the potential threat of more to come…

4 years ago

Visa, Mastercard block Russian financial institutions after sanctions

U.S. payment card firms Visa Inc (V.N) and Mastercard Inc have blocked multiple Russian financial institutions from their network, complying with government…

4 years ago

Russia hikes rate to 20% in emergency move, tells companies to sell FX

The Russian central bank raised its key interest rate to 20% from 9.5% on Monday in an emergency move, and…

4 years ago