Qatar sues Luxembourg, UAE, Saudi banks in forex manipulation case

Qatar sues Luxembourg, UAE, Saudi banks in forex manipulation case

Qatar said on Monday it has filed three lawsuits in London and New York against two Saudi and UAE banks, and the Luxembourg-based Banque Havilland for allegedly plotting to undermine its currency and bonds.

Qatar forex reserves rise 1.7% to reach $46.5bn in September: QNB

Qatar forex reserves rise 1.7% to reach $46.5bn in September: QNB

Qatar’s foreign exchange reserves gained 1.7% month-on-month (m-o-m) to reach $46.5bn in September, QNB has said in its latest ‘Qatar Monthly Monitor.’

Turkey central bank stuns markets with giant rate hike

Turkey central bank stuns markets with giant rate hike

Turkey's central bank on Thursday surprised markets with a bigger than expected rate hike to battle soaring inflation and boost the lira, prompting the embattled currency to surge in value.

Erdogan warns Turkey's partnership with US 'in jeopardy'

Erdogan warns Turkey's partnership with US 'in jeopardy'

President Recep Tayyip Erdogan said Turkey's partnership with the United States may be in jeopardy as ties strain, warning Ankara could start looking for new allies ...

Bank of England seen hiking rate for first time in decade

Bank of England seen hiking rate for first time in decade

The Bank of England, battling Brexit-fuelled inflation rises, is set Thursday to lift its key interest rate for the first time since 2007, according to analysts.

Venezuela to sell oil in currencies other than dollar

Venezuela to sell oil in currencies other than dollar

Venezuelan President Nicolas Maduro announced Friday his government will sell oil and other commodities in currencies other than the dollar, in a bid to weather US-imposed sanctions on the embattled country.

Dollar under pressure on Trump troubles

Dollar under pressure on Trump troubles

The dollar was under pressure in Asia Thursday on fears that US President Donald Trump's mounting political woes will stall his economic growth plans and a June rate hike.

China shuts down $7.3bn illegal forex operation

China shuts down $7.3bn illegal forex operation

China said it has broken up an underground banking operation that conducted $7.3 billion in illegal foreign-currency transfers, trumpeting the bust as a sign of its resolve in stemming massive capital flight.

Sudan arrests dozens in foreign exchange crackdown

Sudan arrests dozens in foreign exchange crackdown

Sudanese security agents have detained dozens of foreign exchange dealers for black market trading, as the authorities struggle to curb speculation against the pound, brokers said on Thursday.

Bangladesh forex reserves top $30bn

Bangladesh forex reserves top $30bn

Bangladesh’s foreign exchange reserves have crossed the $30bn mark amid a boom in inflow of remittances ahead of one of the biggest Muslim religious festivals

China forex reserves up to $3.22tn in April

China forex reserves up to $3.22tn in April

China’s foreign exchange reserves rose in April to $3.22tn, central bank data showed yesterday

Emerging currencies boosted as oil surge lifts confidence

Emerging currencies boosted as oil surge lifts confidence

The Malaysian ringgit led a rally in emerging market currencies Thursday as a surge in oil prices injected traders with confidence while minutes from the Federal Reserve suggested it will not hike interest rates for some time.