Currencies

By Isla BinnieNEW YORK (Reuters) -Stock indexes closed higher after last week's losses and a barrel of oil got $1 cheaper on Monday as investors took heart from reports that Iran was seeking to end hostilities with Israel, and stayed confident in their predictions for a busy week of central bank meetings.Oil prices fell after the Wall Street Journal reported Iran was seeking a truce following an attack by Israel on Friday that raised fears of wider conflict, sent oil prices soaring, and weighed on stocks.Sources told Reuters that Iran...

By Wayne Cole and Alun JohnSYDNEY/LONDON (Reuters) -World shares nudged up on Monday, with oil prices steadier but holding on to most of last week's increase, as the conflict between Israel and Iran added further uncertainty to the world's economic troubles in a week packed with central bank meetings.The escalation in the Middle East came just as Group of Seven leaders were gathering in Canada, with U.S. President Donald Trump's tariffs already straining ties.Yet there was no sign of panic among investors as currency markets stayed calm and Wall Street...

By Wayne Cole and Alun JohnSYDNEY/LONDON (Reuters) -World shares nudged up on Monday, helped by oil walking back some of last week's increase, though the conflict between Israel and Iran remained a concern, adding further uncertainty to a week packed with central bank meetings.The escalation in the Middle East came just as Group of Seven leaders were gathering in Canada, with U.S. President Donald Trump's tariffs already straining ties.Iranian missiles struck Israel's Tel Aviv and the port city of Haifa on Monday, killing at least eight people and destroying homes,...

By Isla Binnie and Alun JohnNEW YORK/LONDON (Reuters) -U.S. stock indexes climbed and oil fell from last week's highs on Monday after conflict between Israel and Iran left crude production and exports unaffected, while investors stayed braced for a week packed with central bank meetings.Geopolitics loomed large as Group of Seven leaders began annual talks in Canada. Iranian strikes on Israel and a promise of retaliation were followed by a Wall Street Journal report that Tehran was seeking an end to hostilities, against a backdrop of existing international strains prompted...

By Isla BinnieNEW YORK (Reuters) -Stock indexes stayed higher after last week's losses and a barrel of oil got $1 cheaper on Monday as investors took heart from reports that Iran was seeking to end hostilities with Israel, and stayed confident in their predictions for a busy week of central bank meetings.Oil prices fell after the Wall Street Journal reported Iran was seeking a truce following a surprise attack from Israel on Friday that raised fears of wider conflict, sent oil soaring, and weighed on stocks.Sources told Reuters that Iran...

By Wayne ColeSYDNEY (Reuters) -Asian markets kept their nerve on Monday and oil prices climbed anew as the conflict between Israel and Iran showed no sign of cooling, adding geopolitical uncertainty to the world's economic troubles in a week packed with central bank meetings.The escalation came just as Group of Seven leaders were gathering in Canada with U.S. President Donald Trump's tariffs already straining ties.Yet there was no sign of panic among investors with currency markets calm and Wall Street stock futures steadying after an early dip.Oil did add 1%...

In a significant step toward integrating cryptocurrency into mainstream commerce, Shopify has announced a partnership with Coinbase and Stripe to enable merchants to accept payments in USD Coin (USDC), a stablecoin pegged to the U.S. dollar. This collaboration aims to provide businesses with a seamless, efficient, and cost-effective way to process digital transactions, marking a pivotal moment for the adoption of blockchain-based payments in everyday retail. USDC, a stablecoin developed by Circle and supported by Coinbase, is designed to maintain a stable value, making it an attractive option for merchants...

There was a risk-off tone across financial markets which began on Friday afternoon after Israel launched unilateral strikes against Iran’s nuclear programme. The subsequent retaliation by Iran further escalated the conflict. The S&P declined 1%, after recovering off the session low, on hopes of a de-escalation via diplomatic channels. However, the US-Iran meeting in the weekend was cancelled, and with no sign of a let-up in hostilities, risk sensitive assets face a challenging start to the trading week. Gold prices advanced above US$3430 pre ounce. Israel’s pre-emptive strike led to...

United States President Donald Trump's annual report for the year ended December 2024 shed light on his multi-million dollar earnings from cryptocurrency investments, where one of the sources of income was from World Liberty Financial (WLF). Also Read | SEC Taps New Director of Trading and Markets Who Has Crypto TiesAccording to the 234-page official US Government Ethics report released on President Donald Trump, the 79-year-old Republican earned nearly $57.4 million from his World Liberty Financial business.The filing data also showed that Trump earned $57,355,532, or nearly $57.4 million, from the...

The dollar has sunk to its lowest in three years as rapidly changing US trade policy unsettles markets and expectations build for Federal Reserve rate cuts, fuelling outflows from the world’s biggest economy.While the dollar was higher on Friday, lifted by safe haven flows as Israel launched a strike on Iran, it was still set for its biggest weekly drop in a month.It is also down almost 10% against a basket of major currencies this year, leaving other countries grappling with unanticipated FX moves that are having a knock-on impact...