Latest Currency markets News

Hamilton Lane: Fiscal Q3 Earnings Snapshot

Feb. 07, 2023 07:19 AM EST

CONSHOHOCKEN, Pa. (AP) — CONSHOHOCKEN, Pa. (AP) — Hamilton Lane Inc. (HLNE) on Tuesday reported fiscal third-quarter profit of $21.9 million. The Conshohocken, Pennsylvania-based company said it had net income of 31 cents per share. Earnings, adjusted for non-recurring costs,...

Europe bans Russian diesel, other oil products over Ukraine

Feb. 05, 2023 10:18 AM EST

FRANKFURT, Germany (AP) — Europe imposed a ban Sunday on Russian diesel fuel and other refined oil products, slashing energy dependency on Moscow and seeking to further crimp the Kremlin's fossil fuel earnings as punishment for invading Ukraine. The ban comes along with a price cap...

Iraqi currency crash halts after meeting with U.S. official

Feb. 04, 2023 13:31 PM EST

BAGHDAD (AP) — Iraq's currency ended its nosedive after a meeting between the Iraqi Central Bank head and a top U.S. Treasury official. Under Secretary of the Treasury for terrorism and financial intelligence Brian E. Nelson said in a statement Saturday that he had met with Central...

Iraqis protest in Baghdad as currency crisis continues

Feb. 03, 2023 10:17 AM EST

BAGHDAD (AP) — Iraqi protesters rallied Friday in Baghdad, demanding the government take action to stop the economic crisis and the slide of the national currency after the Iraqi dinar plunged further. Measures taken by the United States in recent months to stamp out money...

Pakistan PM warns of 'tough time' to fulfill IMF conditions

Feb. 03, 2023 09:51 AM EST

ISLAMABAD (AP) — Pakistan's prime minister on Friday warned of a “tough time" as his government struggles to comply with conditions set by the International Monetary Fund for the next tranche of the country's bailout package. Prime Minister Shahbaz Sharif addressed an auditorium...

Merck sets 2023 earnings expectations below Street forecasts

Feb. 02, 2023 09:43 AM EST

Merck beat fourth-quarter expectations thanks to more sales of its blockbuster cancer drug Keytruda, but the company’s early view on 2023 underwhelmed Wall Street. Shares of the drugmaker slid Thursday after Merck released an earnings forecast that fell well short of projections...

Targeting Iran, US tightens Iraq's dollar flow, causing pain

Feb. 02, 2023 06:19 AM EST

BAGHDAD (AP) — For months, the United States has restricted Iraq’s access to its own dollars, trying to stamp out what Iraqi officials describe as rampant money laundering that benefits Iran and Syria. Iraq is now feeling the crunch, with a drop in the value of its currency and public anger...

Cash-strapped Pakistan's rupee plunges amid talks with IMF

Jan. 26, 2023 10:02 AM EST

ISLAMABAD (AP) — Cash-strapped Pakistan’s currency plunged Thursday against the dollar after the government indicated it was ready to comply with tough conditions set by the International Monetary Fund for the next tranche of its bailout package. Pakistan is seeking a crucial...

Hundreds in Baghdad protest devaluation of Iraq's currency

Jan. 25, 2023 06:36 AM EST

BAGHDAD (AP) — Hundreds of protesters rallied Wednesday near the Central Bank in the Iraqi capital, Baghdad, angered by the recent devaluation of the Iraqi dinar and demanding the government take action to stabilize the currency. The protesters — mainly young people — rallied...

Proposed Brazil-Argentina common currency is met with doubts

Jan. 23, 2023 17:07 PM EST

RIO DE JANEIRO (AP) — A proposal floated by the leaders of Brazil and Argentina to launch a common currency is being met with deep skepticism by analysts, who say neither country is positioned to tackle such a complicated undertaking or instill confidence in the idea with global markets. ...