Pound and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. Reuters Dado Ruvic/Illustration/File Photo By Reuters Sterling inched higher on Thursday as it recovered some of its steep losses suffered late on Wednesday when the U.S. Federal Reserve officials sent the dollar surging by scrubbing out two rate cuts from next

The logo of Equinor is set up at the entrance of a building at Western Europe’s largest liquefied natural gas plant Hammerfest LNG in Hammerfest, Norway, March 14, 2024. Photoghrapher Lisi Niesner/File Photo By Reuters Equinor, opens new tab has closed the planned sale of its assets in Nigeria and Azerbaijan for a total consideration

Cargo ships and containers are seen at Qingdao port in Qingdao in eastern China’s Shandong province, Dec. 4, 2024. Photo/ AFP By AFP Global trade has hit a new peak this year but faces an uncertain outlook in 2025 because of the threat of trade wars, the United Nations said on Thursday. The U.N. trade

Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. Reuters/Dado Ruvic/Illustration/File Photo By Reuters Bitcoin catapulted above $100,000 for the first time on Thursday, a milestone hailed even by sceptics as a coming-of-age for cryptocurrencies as investors bet on a friendly U.S. administration to cement cryptos’ place in financial markets. The

Britain’s Chancellor of the Exchequer Rachel Reeves poses with the red budget box outside her office on Downing Street in London, Britain October 30, 2024. Photographer Maja Smiejkowska/File Photo By Reuters Britain’s biggest retailers have written to finance minister Rachel Reeves to warn her that last month’s budget will make both higher prices and job

Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. Reuters/Dado Ruvic/Illustration/File Photo By Reuters The U.S. dollar held below a 6-1/2-month peak against major peers and bitcoin edged further off record highs on Wednesday as markets hit pause on so-called Trump trades ahead of key U.S. inflation data later in the day.

A worker works on the fiberglass production line at a factory of China’s fiberglass giant Jushi at China-Egypt TEDA Suez Economic and Trade Cooperation Zone in Suez Province, Egypt, Nov. 6, 2024. Photographer Ahmed Gomaa By Xinhua News Agency The economic zone near Egypt’s vital Suez Canal built by China’s giant industrial developer TEDA is

An oil pump jack is seen in Artesia, New Mexico, U.S., April 6, 2023. Photographer Liz Hampton/File Photo By Reuters Oil prices fell slightly on Friday as the risk that a hurricane in the Gulf of Mexico will significantly affect U.S. oil and gas output declined, while the market weighs how President-elect Donald Trump’s policies

U.S. dollar banknotes are seen in this photo illustration taken February 12, 2018. Reuters/Jose Luis Gonzalez/Illustration/File Photo By Reuters The dollar dipped on Monday as investors braced for wide-ranging implications for the global economy this week from the outcome of U.S. elections and a likely interest rate cut from the Federal Reserve. The euro jumped

A tug boat pushes an oil barge through New York Harbor past the Statue of Liberty in New York City, U.S., May 24, 2022. Photographer Brendan McDermid/ File Photo By Reuters Oil prices rose for the second consecutive session on Tuesday, as traders downplayed hopes of a Middle East ceasefire and focused on a tightening