Dollar sinks vs yen, BOJ intervention suspected ahead of weekend

Dollar sinks vs yen, BOJ intervention suspected ahead of weekend

NEW YORK, Oct 21 (Reuters) – The U.S. dollar tumbled against the yen on Friday, logging its biggest daily drop against the Japanese currency in more than two months as traders and strategists said Japanese authorities may be in the market to stem a slide in their battered currency. The yen rose as high as … Read more

Dollar sinks vs yen, BOJ intervention suspected ahead of weekend

Dollar sinks vs yen, BOJ intervention suspected ahead of weekend

NEW YORK, Oct 21 (Reuters) – The U.S. dollar tumbled against the yen on Friday, logging its biggest daily drop against the Japanese currency in more than two months as traders and strategists said Japanese authorities may be in the market to stem a slide in their battered currency. The yen rose as high as … Read more

France orders some fuel staff back to work to tackle refineries strike

France orders some fuel staff back to work to tackle refineries strike

PARIS, Oct 11 (Reuters) – The French government on Tuesday said it would requisition staff at some petrol depots as it battles to secure petrol supplies following weeks-long strikes, putting it on a collision course with the hardline CGT union as social tensions rise. After shying away at first from interfering in labour disputes pitting … Read more

EU leaders reaffirm support for Ukraine, squabble over gas cap

EU leaders reaffirm support for Ukraine, squabble over gas cap

Division over details of gas price cap European Commission to make proposals for EU summit on Oct.20-21 Poland criticises Germany for big spending on compensation EU27 vow continued financial and military support for Ukraine Scholz says rebuilding Ukraine will take a generation PRAGUE, Oct 7 (Reuters) – European Union leaders on Friday agreed to give … Read more

Credit Suisse pays down debt to calm investor fears

Credit Suisse pays down debt to calm investor fears

To buy back up to $3 billion in debt Seen as bid to reassure nervous investors Move comes weeks ahead of planned overhaul Shares up as much as 3% in early trade ZURICH, Oct 7 (Reuters) – Credit Suisse (CSGN.S) will buy back up to 3 billion Swiss francs ($3 billion) of debt, the embattled … Read more

Sterling slides after BoE buys bonds, dollar hits 20-year high

Sterling slides after BoE buys bonds, dollar hits 20-year high

NEW YORK/LONDON, Sept 28 (Reuters) – Sterling tumbled against the dollar on Wednesday before paring some losses after the Bank of England (BOE) said it would step in to prop up the gilt market, and the dollar index touched a fresh 20-year high trading was volatile. The BOE said it would buy as many long-dated … Read more

Sterling crumbles to all-time nadir, euro at 20-year low

Sterling crumbles to all-time nadir, euro at 20-year low

Woman holds British pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/ Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 26 (Reuters) – Sterling crashed to a record low on Monday as traders scampered for the exits on mounting concern that the new government’s economic plan will stretch Britain’s finances … Read more

Dollar soars to two-decade high as Putin shakes FX market ahead of Fed

Dollar soars to two-decade high as Putin shakes FX market ahead of Fed

Register now for FREE unlimited access to Reuters.com Register Dollar index at two-decade high Euro slides back toward two-decade lows Putin announces partial troop mobilization for Ukraine Markets gauging Fed hawkishness in Powell briefing LONDON/NEW YORK, Sept 21 (Reuters) – The dollar surged to a new two-decade high on Wednesday just ahead of another expected … Read more

Apple to raise App Store prices in some countries in Europe, Asia

Apple to raise App Store prices in some countries in Europe, Asia

A man walks next to an advertisement for Apple’s new iPhone 11 Pro at the Apple Store in IFC, Central district, Hong Kong, China October 10, 2019, after Apple Inc on Wednesday removed an app that protestors in Hong Kong have used to track police movements from its app store. REUTERS/Athit Perawongmetha/File Photo Register now … Read more

Europe heading for recession as cost of living crisis deepens

Europe heading for recession as cost of living crisis deepens

Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 5 (Reuters) – The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening cost of living crisis and a gloomy outlook that is keeping consumers wary of spending. While there was some easing of price pressures, according to … Read more