Forex News
- Reuters
(Reuters) – TCS Group Holding, which runs Russian online bank Tinkoff, on Thursday said it was introducing a 3% commission on incoming SWIFT transfers in dollars, euros and pounds and setting a minimum amount for outgoing transfers at $20,000.
- Reuters
(Reuters) – Russian authorities are discussing the idea of giving foreign investors who are willing to cut exposure to Russia a chance to ditch their Russian stocks and bonds later this year despite capital controls, a finance ministry official said on Thursday.
- Reuters
LUXEMBOURG (Reuters) – Euro zone finance ministers backed on Thursday Croatia’s bid to adopt the euro, clearing another hurdle on the way of the Balkan country to become the 20th member of the currency area from the start of 2023.
- Reuters
By Yoruk Bahceli (Reuters) – Eurozone bond yields surged on Thursday after an unexpected, big rate hike by Switzerland turned focus to the ramifications of the policy shift for the region, but Italian debt outperformed on ECB efforts to check diverging euro area borrowing costs.
- Reuters
(Reuters) – The Russian rouble and stocks gained on Thursday, as the head of the central bank said the currency would remain free-floating and that capital controls should continue to be relaxed.
- Reuters
TORONTO (Reuters) – The Canadian dollar weakened against its U.S. counterpart on Thursday as oil prices fell and interest rate hikes by central banks around the world added to investor worries that tighter monetary policy could derail economic growth.
- Reuters
BERN (Reuters) – The Swiss National Bank raised its policy interest rate for the first time in 15 years on Thursday, joining other central banks in tightening monetary policy to fight resurgent inflation and sending the safe-haven franc sharply higher.
- Reuters
By Lisa Pauline Mattackal and Medha Singh
- Reuters
By Steven Scheer JERUSALEM (Reuters) – Israel’s central bank said on Thursday it was teaming up with the Hong Kong Monetary Authority and the Bank of International Settlements’ (BIS) Innovation Lab to test the feasibility of a central bank digital currency (CBDC) for retail.
- Reuters
By John Revill and Andy Bruce BERN/LONDON (Reuters) – Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets, and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings and squeezing corporate profits.
- Reuters
LONDON (Reuters) – Sterling fell sharply on Thursday, after the Bank of England (BoE) raised interest rates by 25 basis points, confounding forecasts by some market participants of a bigger hike to fight soaring inflation.
- Reuters
By William Schomberg and David Milliken LONDON, May 5 (Reuters) – The Bank of England raised interest rates to their highest since 2009 at 1% on Thursday to counter inflation now heading above 10%, even as it sent a warning that Britain risks falling into recession.
- Reuters
COLOMBO (Reuters) – Sri Lanka expects a new shipment of petrol within the next three days, its power and energy minister said on Thursday, as the island nation awaits official confirmation from the Indian government for a new $500 million credit line for fuel.
- Reuters
By Caroline Valetkevitch NEW YORK (Reuters) – Concerns are growing that U.S. corporate earnings are increasingly at risk from dizzying inflation, a strong dollar and rising interest rates, complicating the outlook for investors already reeling from the S&P 500’s bear market confirmation earlier this week.
- Reuters
By Joice Alves and Julien Ponthus LONDON (Reuters) – Switzerlad’s franc and government bond yields soared on Thursday, after the Swiss National Bank took markets by surprise with a large interest rate hike.
- Reuters
By Rae Wee and Alun John SINGAPORE/HONG KONG (Reuters) – Asia’s emerging economies are better placed than most other regions to weather a bout of turbo-charged U.S. policy tightening, analysts say, but with a health warning that investors shouldn’t rush in.
- Reuters
LONDON (Reuters) – British consumer spending on credit and debit cards fell sharply in the week to June 9, as did visits to retail and recreation sites, weekly figures collated by the Office for National Statistics showed on Thursday.
- Reuters
(Reuters) – Russia’s central bank chief said on Thursday that Russia would need to rethink its export policy in the wake of Western sanctions.
- Reuters
(Reuters) – Russia’s inflation rate may come in close to 14% in 2022, the central bank governor said on Thursday.
- Reuters
A look at the day ahead in markets from Sujata Rao