05252016Wed
Last update: Wed, 25 May 2016 10am

Europe

Markets - FXMM - Europe

Russian rouble flat for second day; keeps step with oil MOSCOW: The Russian rouble held steady early on Friday, falling slightly against the dollar but rising against the euro, as oil prices traded in a tight range. At 0725 GMT, the rouble was 0.2 percent weaker against the dollar at 65.00 but had gained 0.3 percent to trade at 73.68 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was down 0.7 percent at around $47.7 a barrel as the US dollar strengthened on global markets."The Russian currency is continuing to be supported by relatively stable oil prices," Rosbank analysts said in a note.The rouble was on course to end the week around 1.5 percent stronger against the dollar, lifted by a rally in oil prices earlier in the week on slumping US crude inventories.Russian share indexes were mixed on Friday.The dollar-denominated RTS index was up 0.1 percent to 917 points, while the rouble-based MICEX was 0.5 ...

Markets - FXMM - Europe

Sterling climbs after BoE keeps interest rates on hold LONDON: Sterling rose to a six-day high against the dollar on Thursday after Bank of England policymakers voted unanimously to keep interest rates unchanged, quashing talk that one or two might vote in favour of a cut. BoE Governor Mark Carney called Britain's referendum on European Union membership the "elephant in the room", telling a news conference after the rate decision that this was the most significant risk to its growth and inflation forecasts . ...

Markets - FXMM - Europe

Rouble weakness weighs on Slovenian Krka's Q1 profit LJUBLJANA: Slovenia's Krka reported first-quarter net profit of 40.2 million euros ($45.8 million), down 27 percent from a year earlier, hit by currency effects from the Russian rouble. Sales in Russia, its largest market, rose by 10 percent in volume but fell by 9 percent when expressed in euros due to the lower value of the Russian rouble. Krka said group sales rose to 300.9 million euros from 289.3 million. Krka, which is Slovenia's largest ...

Markets - FXMM - Europe

Sterling climbs after BoE keeps interest rates on hold LONDON: Sterling rose to a six-day high against the dollar on Thursday after Bank of England policymakers voted unanimously to keep interest rates on hold, pouring cold water on talk that one or two might vote in favour of a cut. The pound also rose to its strongest in nine days against the euro, hitting 78.50 pence, up from 78.83 pence before the BoE releases and up around 0.7 percent on the day. Against the ...

Markets - FXMM - Europe

Sterling stuck on defensive as Brexit looms large LONDON: Falls against a broadly stronger euro kept sterling under pressure on Wednesday despite some minimal gains against the dollar as the tightly fought referendum on European Union membership entered its final six weeks.Since falling 7 percent in the first months of the Brexit campaign proper, the pound has recovered solidly, helped by the intervention last month of US President Barack Obama to note risks in leaving the bloc. But with surveys conducted since Obama's ...

Markets - FXMM - Europe

Dollar gives back gains after rise to two-week highs LONDON: The dollar eased against a basket of currencies after six straight days of gains on Wednesday, with falls for stock markets prompting some profit-taking and a drift of money into the traditional security of the yen. The Japanese currency gained more than half a percent and the euro around a quarter of a cent, halting a steady march by the greenback since it hit respectively 19- and 9-month lows at the start of this ...

Markets - FXMM - Europe

Sterling slips as Brexit looms large again LONDON: Sterling slipped against the euro and dollar on Wednesday, with investors worried that the latest polls still show Britons who want to leave the European Union at a referendum in June neck-and-neck with those who want to stay. The pound had fallen some 7 percent between mid-November and mid-April, when it made a substantial recovery after US President Barack Obama stepped in on the side of the "In" campaign, saying Britain would be at ...