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MOSCOW (Reuters) -Here is a look at how U.S. sanctions on Russian oil firms Rosneft and Lukoil, which take effect at 1701 GMT on Friday, may affect the Russian foreign currency market. Ahead of the deadline, the rouble was strengthening on reports about a U.S.-drafted plan to end the war in Ukraine, which if implemented, …

Explainer-How US sanctions on Russian oil majors will impact the rouble and economy Read More »

By Miranda Murray BERLIN (Reuters) -Germany’s private sector growth has lost momentum in November as the manufacturing sector has unexpectedly contracted and the service sector has not expanded as fast as hoped, a survey showed on Friday. The HCOB preliminary German flash composite Purchasing Managers’ Index, compiled by S&P Global, slipped to 52.1 in November …

German business activity growth loses momentum in November, PMI shows Read More »

SINGAPORE (Reuters) -Singapore on Friday upgraded its economic outlook for 2025 as third-quarter gross domestic product growth beat market expectations and initial estimates. GDP rose 4.2% in the third quarter from a year earlier, government data showed, faster than the 2.9% official advance estimate released last month and a median forecast of 4.0% in a …

Singapore Q3 GDP grows 4.2% from a year earlier; upgrades 2025 outlook Read More »

(Reuters) -The Syrian central bank on Thursday sent its first Swift message to the Federal Reserve Bank of New York, central bank Governor AbdulKader Husrieh told Reuters. “We sent (a) greeting message to all our international correspondent banks. We started with the Federal Reserve,” Husrieh said. “We’re telling them that … we are back to …

Syria sends first Swift message to New York Fed, central bank governor says Read More »

WASHINGTON (Reuters) -U.S. existing home sales increased in October as buyers took advantage of lower mortgage rates, though rising unemployment and high home prices remain a constraint for the housing market. Home sales rose 1.2% last month to a seasonally adjusted annual rate of 4.10 million units, the National Association of Realtors said on Thursday. …

US existing home sales increase in October Read More »

(Reuters) -Wall Street’s main indexes jumped at the open on Thursday as technology stocks received a boost after Nvidia’s stellar results quelled some concerns around an AI bubble, while a firm September jobs report showed signs of a resilient economy. The Dow Jones Industrial Average rose 428.7 points, or 0.93%, at the open to 46567.51. …

Wall Street opens sharply higher after Nvidia earnings, jobs data Read More »