Diverges

TOKYO : The yen sank against major peers on Monday after U.S. payrolls data bolstered the case for further Federal Reserve rate hikes, highlighting a growing disparity with Japan where the central bank continues to pin the benchmark…

LONDON: Sterling fell sharply on Thursday (Nov 3) as the Bank of England (BoE) raised interest rates by 75 basis points, a day after the Federal Reserve hiked borrowing costs by the same amount. The BoE's rate hike was its biggest in three…

Gripped by heavy economic sanctions and increasingly isolated from Western suppliers, Russia worked on Thursday to keep its factories and businesses running and stave off a return to Soviet-era scarcity.As the central bank slashed interest…