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Proposals said to include forcing large exporters to convert up to 80% of their foreign currency into roublesVladimir Putin is reportedly planning to hold a meeting with Russian policymakers on Wednesday in order to discuss reintroducing some capital c…
Emergency decision is intended to halt slide after currency dropped to weakest point in almost 17 months Russia’s central bank has hiked interest rates by 3.5 percentage points in an emergency move aimed at halting the rouble’s recent slide, after it f…
High spending on war in Ukraine and drop in export revenues put further pressure on Russia’s economyThe rouble has fallen to its weakest point in almost 17 months as a collapse in export revenues and growing military spending increase pressure on Russi…
What might Chinese deflation mean for interest rates, commodity prices and even EV exports outside China?When Australia’s central bank released its quarterly economic update last week, China’s “uncertain” economic outlook topped a list of domestic worr…
US Fed will also have to raise rates more aggressively than forecast, says Washington-based bodyInterest rates in the UK will need to stay higher for longer than previously forecast in order to tackle stubbornly high inflation, the International Moneta…
Make UK report says post-Brexit structural shift in trade is particularly hurting factories in north-west and West MidlandsFactories in England and Wales are seeing a downward trend in the share of their trade going to the EU, an analysis from the manu…
Russia’s end to Ukrainian grain export deal set to benefit local farmers during their fourth consecutive year of healthy harvestsWhat was the Black Sea grain deal and why did it collapse?Get our morning and afternoon news emails, free app or daily news…
Moscow criticised as concern grows about impact of climbing agricultural commodity prices on poorer countriesWheat prices have been climbing on global markets, just days after Russia pulled out of an agreement that guaranteed safe passage for ships car…
‘Not too early to start chilling the champagne,’ says one analyst as traders toast drop in consumer inflation Britain’s blue-chip share index has posted its biggest one-day jump of 2023 after US inflation slowed by more than expected last month.The FTS…
Christine Lagarde says without a shift in corporate behaviour, interest rates will need to stay higher for longerCorporate profits were the biggest factor driving up prices last year and will be again in 2023 unless businesses are forced to absorb risi…