Foreign Exchange

Dollar Surges Amidst Plummeting UK Inflation, Stirring Rate Cut Speculations

In a notable turn, the US dollar has gained strength against the British pound, fueled by a significant drop in…

2 years ago

Middle East Tensions Roil Global Markets as Oil Prices Surge

The sudden escalation of conflict in the Middle East sent shockwaves across global markets. Oil prices surged by almost $5…

2 years ago

Morocco’s Ambitious Plans to Revitalize Tourism Sector Post-Earthquake

Ambitious goals and attractive incentives for investors mark Morocco's determined efforts to revitalize its tourism sector post-earthquake. With plans to…

2 years ago

Sony hikes FY profit forecast by 4.5% on foreign exchange boost

Sony Group Corp hiked its full-year operating profit forecast on Tuesday by 4.5% to 1.16 trillion yen ($7.84 billion) as the…

3 years ago

Japan ramps up intervention threats after yen slides past key 150 level

Japanese policymakers made fresh threats of intervention on Thursday after the yen tumbled past the key psychological level of 150…

3 years ago

Exclusive: China’s state banks seen acquiring dollars in swaps market to stabilise yuan

China's state banks stepped up their intervention to defend a weakening yuan on Monday, with banking sources telling Reuters these…

3 years ago

Exclusive: Flurry of new rules leave Turkish banks struggling to lend

Some Turkish banks are curtailing corporate lending after the government's latest raft of regulations raised their costs and forced many…

3 years ago

Ghana delivers biggest rate hike ever at emergency meeting

Ghana's central bank on Wednesday delivered its biggest rate hike ever, a 300 basis point increase to 22%, at an…

3 years ago

Indian companies swapping dollar for Asian currencies to buy Russian coal

Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry…

3 years ago

Kremlin rejects Russian default, says bond payments executed

The Kremlin on Monday rejected claims that it has defaulted on its external debt for the first time in more…

3 years ago