Dollar up as Chair Powell says Fed may need to raise interest rates further
U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNEW YORK, Aug...
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Oil slips as investors turn cautious ahead of Fed Chair remarks
An aerial view shows tugboats helping a crude oil tanker to berth at an oil terminal, off Waidiao Island in...
What is a BRICS currency and is the U.S. dollar in trouble?
Delegates walk past the logos of the BRICS summit during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. GIANLUIGI GUERCIA/Pool via REUTERS Acquire Licensing RightsJOHANNESBURG, Aug 23 (Reuters) - Brazil's President called on Wednesday for the BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their vulnerability to dollar exchange rate fluctuations.Luiz Inacio Lula da Silva made the proposal at a BRICS summit in Johannesburg.Officials and economists have pointed out the...
Sterling tumbles as weak PMI has traders betting on a lower terminal rate
Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company's headquarters in Vienna, Austria,...
US charges two founders of sanctioned virtual currency mixer Tornado Cash with money laundering
Aug 23 (Reuters) - The United States on Wednesday indicted Roman Semenov and Roman Storm, two co-founders of the virtual currency mixer Tornado Cash, for their involvement with the banned outfit and related laundering of up to $1 billion in criminal proceeds.Storm, a naturalized U.S. citizen who lives in Washington state, was arrested on Wednesday, while Semenov - a Russian national - is yet to be taken into custody, the U.S. Attorney's Office in New York said in a statement.The criminal charges against both men, which include conspiracy to commit...
US existing home sales slide again, but prices up from a year earlier
A "For Rent, For Sale" sign is seen outside of a home in Washington, U.S., July 7, 2022. REUTERS/Sarah Silbiger/File...
European shares pare gains on economic fears, Swiss stocks outperform on Roche boost
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 22, 2023. REUTERS/Staff/File...
US 30-year mortgage rate soars to highest since 2000
A "For Rent, For Sale" sign is seen outside of a home in Washington, U.S., July 7, 2022. REUTERS/Sarah Silbiger/File...
Investors expect ECB rate-hike pause in September after dismal PMIs
A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023....
UK says a supersonic Russian bomber likely to have been destroyed in drone attack
FILE PHOTO: A Tu-22M3 bomber performs during the "Aviadarts" military aviation competition at the Dubrovichi range near Ryazan, Russia, August 2, 2015. REUTERS/Maxim Shemetov Acquire Licensing RightsAug 22 (Reuters) - British military intelligence said on Tuesday that a weekend drone attack on an airfield deep inside Russia which Moscow blamed on Ukraine is highly likely to have destroyed a nuclear-capable TU-22M3 supersonic long-range bomber.Kyiv, which on Monday claimed to have attacked another Russian military airfield, says Russia has used the TU-22M3 to bomb targets across Ukraine with conventional munitions. Western...