Page 27 - Frx News Today

China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals from its neighbour now settled in the Chinese currency instead of dollars, multiple trading executives with direct knowledge of the matter told Reuters.

Tunisia and Egypt are edging closer to major debt crises which could suck in a volatile North Africa region and pose tough choices to wealthy Gulf Arab neighbours, investors and analysts warn.

A look at the day ahead in European and global markets from Kevin Buckland.

U.S. Treasury Secretary Janet Yellen highlighted the fight against climate change and other goals shared by the United States and Brazil, in a meeting with Brazilian Finance Minister Fernando Haddad in Japan on Thursday.

The British pound trimmed some losses but remained lower against the dollar on Thursday after the Bank of England raised interest rates for the 12th consecutive meeting in its attempt to fight surging inflation.

It's the best performing currency this year in the G10 group of advanced economies against the dollar. But sterling's strengthening streak is about to be put to the test as a succession of rate hikes heighten worries about growth.

Euro zone consumers raised their inflation expectations in March for the first time since the autumn, even as the rate of price growth fell and the European Central Bank kept raising interest rates, an ECB survey showed on Thursday.

New Chinese bank loans tumbled far more sharply than expected in April, adding to worries that the economy's post-pandemic recovery is losing steam and putting pressure on the central bank to ease policy.

For more than two decades, President Tayyip Erdogan has been the lord of all elections in Turkey.

The Bank of England raised its key interest rate by a quarter of a percentage point to 4.5%.