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Al Arabiya, citing its own sources, reports that Iran will receive $3 billion from its blocked assets by the end of the week. The published text does not provide further details about where these…
BRICS countries are pressing ahead with efforts to reduce dependence on the US dollar in trade and reserves, according to Reuters. The push comes as governments across emerging markets face a sharp…
Global equity markets posted modest gains on Monday as investors continued to price in the possibility of a U.S. interest-rate cut later this year. The move came ahead of several key economic…
Most emerging-market currencies weakened on Monday as investors recalibrated their expectations for U.S. monetary policy. Recent economic data out of the United States has pushed traders to rethink…
Emerging-market currencies weakened on Monday as investors shifted toward the dollar, with signs that U.S. interest rates may stay elevated for longer. The move put fresh pressure on risk-sensitive…
BRICS finance ministers are moving ahead with talks on a new payment system aimed at lowering reliance on the US dollar, according to Reuters. The discussions took place during a virtual summit and…
The South African rand outperformed other BRICS currencies on Friday, climbing more than 1% against the U.S. dollar as investors moved back into riskier assets. The move came amid a broader…
Finance ministers from the BRICS group held a virtual meeting overnight to discuss expanding trade in local currencies, according to people familiar with the talks. The discussions focused on payment…
Federal Reserve Chair Jerome Powell said the central bank is in no rush to cut interest rates, pointing to inflation that remains above the Fed’s 2% target and a labor market that continues to show…
The Federal Reserve left its benchmark interest rate unchanged at 4.25% to 4.50% after its latest Federal Open Market Committee meeting, signaling that borrowing costs are likely to stay elevated…
The Federal Reserve kept its benchmark interest rate unchanged at 4.25%-4.50% after its September policy meeting, signaling that borrowing costs are likely to remain elevated until inflation shows…
Federal Reserve Chair Jerome Powell said the central bank is in no hurry to cut interest rates, arguing that policymakers are well positioned to wait for clearer evidence that inflation is moving…
