LONDON — The dollar edged further away from recent 20-year highs on Wednesday ahead of the U.S. Federal Reserve policy meeting, at which the central bank is expected to raise rates by another 75 basis points to tame soaring inflation. Read More
MOSCOW — The Russian rouble recovered from touching over two-week lows in early trade on Wednesday to steady against the dollar, helped by the prospect of Thursday’s income tax payments by exporting firms, but held back by expectations of a U.S. rate hike. Read More
MOSCOW — The Russian rouble fell sharply to its lowest in two weeks against the dollar and euro on Tuesday before clawing back most intraday losses in volatile trade, as the market remained alert to any efforts by Moscow to limit the currency’s appreciation. Read More
LONDON — The rapidly spreading monkeypox outbreak constitutes a global health emergency, the World Health Organization’s highest alert level, WHO director-general Tedros Adhanom Ghebreyesus declared on Saturday. Read More
Compass Group, the world’s largest caterer, raised its revenue growth forecast for the second time this year on the back of new business wins, helping push its shares to their highest in more than two years. Read More
MADRID — Spain expects European Union member countries to reach an agreement on Tuesday to cut natural gas use during the winter by less than 15% and on a voluntary basis, Energy Minister Teresa Ribera said. Read More
BEIJING/HONG KONG — China will launch a real estate fund to help property developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44 billion) in a bid to restore confidence in the industry, according to a state bank official with direct knowledge of the matter. Read More
Britain’s commodity-heavy FTSE 100 tracked a decline in oil and mining stocks on Monday as hawkish central banks stoke recession worries, while investors await corporate results from Europe and the United States. Read More
LONDON — The dollar held firm in early trading on Monday as traders sought safer assets and braced for a sharp U.S. interest rate hike later this week. Read More
SAO PAULO — Brazilian police allege an Italian refiner purchased gold from a trader sourcing it illegally in the Amazon rainforest region, according to police documents, and corporate disclosures show that refiner has supplied the precious metal to four of the world’s largest tech companies. Read More