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    1. 18 hours ago

      Bank of Russia acts to halt rouble rout

      The rouble enjoyed its largest daily rally since 1998, surging as much as 12 per cent, after the Russian authorities...

    2. December 16, 2014

      The rouble crisis reveals Putin’s strategic failure

      Russia is in the throes of a full-blown currency crisis, with profound implications for its economy, its political system...

    Special Reports

    1. Debt Capital Markets

      Market volatility continues to sow seeds of doubt in the minds of nervous investors...
    2. Foreign Exchange 2013

      After long months in the dark, currencies are coming back into the light...
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    1. December 16, 2014

      Central bank accused of doing too little to halt rouble crisis

      Only a few weeks ago Russian bankers, corporate executives and government officials described the country’s economic woes as...

    2. December 15, 2014

      Midnight rate rise summons old spectres

      Whenever a central bank raises rates to defend its currency, it runs the risk of looking desperate — particularly if it does...

    3. December 11, 2014

      Economy healthy, inflation weak, Fed stymied

      This month, American consumers have received some early Christmas presents. Late last week, US payroll data revealed that...

    4. December 11, 2014

      Russia raises interest rates to 10.5%

      Russia’s central bank raised interest rates on Thursday, but the move failed to stop the drop of the rouble as the slide in...

    5. beyondbrics

      December 10, 2014

      Guest post: the cost of (not) bailing out Ukraine

      By Olena Bilan of Dragon Capital and VoxUkraine Despite securing sizeable financial support from western lenders in April —...

    6. beyondbrics

      December 8, 2014

      Russian bond yield soars to highest since 2009

      Russia’s 10-year bond yield has climbed for the 10th consecutive day to a new five-year high of 12.4 per cent as investors...

    7. December 4, 2014

      Brazilians brace themselves for austerity measures

      Brazilians may not be in an exuberant mood this Christmas because of the country’s sluggish economy but those that have any...

    8. December 3, 2014

      Bank of Russia resumes rouble intervention

      Russia’s central bank sold $700m in foreign exchange on Monday in its first intervention in support of the rouble since it...

    9. The A-List

      December 2, 2014

      The ECB must show leadership to fight threat of deflation

      As the recent experience in the US and Japan has shown (and the FT’s James Mackintosh” explains), quantitative easing may...

    10. November 28, 2014

      Draghi needs support on QE in the eurozone

      When Mario Draghi announced two years ago he would do “whatever it takes” to save the euro, he must have known that some of...

    11. November 25, 2014

      EU cash investors navigate negative rates

      Investors who want to safeguard their capital using ultraconservative money market funds are having to choose racier assets...

    12. November 24, 2014

      Rouble stabilises on oil supply hints

      Russia’s central bank will be feeling vindicated in its decision to press ahead with a free float in the rouble, after a...

    13. FT Alphaville

      November 24, 2014

      Signal vs noise from the PBoC

      Indeed, nobody expects the PBoC… But, despite Friday’s surprise announcement, as SocGen’s Wei Yao says: “due to the further...

    14. FT Alphaville

      November 19, 2014

      On the pluses and minuses of paying employees in non-cash instruments

      On Monday Mark Carney, Bank of England governor, injected fear into the hearts of highly paid bankers everywhere by stating…...

    15. November 18, 2014

      The curse of weak global demand

      D avid Cameron, the UK prime minister, states that “red warning lights are once again flashing on the dashboard of the...

    16. FT Alphaville

      November 17, 2014

      Ever naira a fuel scarcity issue for Nigeria

      Nigeria’s fiscal exposure to falling oil prices is amongst the most acute within the Opec group. But as Standard Bank...

    17. November 13, 2014

      Nigeria battles looming currency crisis

      Nigeria is fighting to avoid a currency crisis as lower oil prices prompt investors to bet that Africa’s largest economy...

    18. November 11, 2014

      Ukraine currency slumps as reserves dry up

      A re-escalation in violence in eastern Ukraine sent the hryvnia to fresh lows on Tuesday, increasing the strain on the...

    19. November 10, 2014

      Kazakh currency faces devaluation dilemma

      You only need to look at a chart of Kazakhstan’s currency against the rouble to appreciate Kairat Kelimbetov’s dilemma. The...

    20. November 10, 2014

      Russia presses ahead with fully floating the rouble

      The Bank of Russia pressed ahead with fully floating the rouble on Monday, a move that helped the currency to stabilise on...

    21. beyondbrics

      November 7, 2014

      Nigeria's currency – calm now, devaluation later?

      Source: Thomson Reuters Nigeria’s central bank on Friday tried to drawn a line under the naira – but the market continues to...

    22. FT Alphaville

      November 7, 2014

      BearWhales everywhere

      BearWhale n. /bâr-weil/ 1. A large mythical creature known to operate in FX markets with the explicit intention of...

    23. November 7, 2014

      Plunging rouble raises spectre of fresh financial crisis for Russia

      Russia faces the risk of financial instability, the country’s central bank warned, after dramatic gyrations in the currency...

    24. beyondbrics

      November 7, 2014

      EM central banks go their separate ways

      Two central banks surprised the world last week with unexpected hikes in interest rates in the face of panicky financial...

    25. November 6, 2014

      Nigerian naira follows rouble downward

      Russia’s rouble is not the only currency coming under pressure as oil prices slide. The Nigerian naira on Thursday tumbled...

    26. November 5, 2014

      Plummeting rouble loses central bank support

      The Central Bank of Russia announced an effective free float of the rouble on Wednesday, a step which triggered a fresh...

    27. October 31, 2014

      Yen near 7-year low after Bank of Japan expands easing programme

      The yen fell to a near seven-year low against the dollar after the Bank of Japan’s unexpected decision to open its monetary...

    28. October 29, 2014

      Hard choices facing the rouble’s defenders

      Will Russia’s central bank act to stop the freefall in the rouble? Or is it about to end its support for the currency...

    29. October 29, 2014

      Rouble extends run of lows against dollar and euro

      The rouble extended its run of lows against the dollar and the euro on Wednesday after Russia’s central bank widened the...

    30. October 28, 2014

      Europe’s banks are too feeble to spur growth

      Will the asset quality review and stress tests conducted by the European Central Bank and the European Banking Authority...

    31. October 27, 2014

      Better way to check the health of Europe’s banks

      In 2012, the eurozone went through a near-death experience. Like climbers roped together on a cliff, its combined banks,...

    32. October 27, 2014

      Italy rules out public money for banks that failed stress tests

      Matteo Renzi, the Italian prime minister, defended his country’s banking system after it emerged with the greatest...

    33. FT Alphaville

      October 24, 2014

      When will the SNB end FX intervention and start raising rates?

      According to Goldman, the answer is sooner than the market thinks. A new note argues that the Swiss franc is already...

    34. October 23, 2014

      Do Europe’s banks need surgery?

      As the European Central Bank completes its assessment of the health of the eurozone banking sector, is its president, Mario...

    35. October 22, 2014

      ‘Draghi put’ doubt places spotlight on Fed

      The veracity of the “Draghi put” moved back into focus this week after a Reuters report that the European Central Bank was...

    36. October 21, 2014

      ECB leak a tonic for volatile Italy

      Stressed financial markets have received another shot in the arm, this time from the European Central Bank – and probably...

    37. October 19, 2014

      Eurozone fails to benefit from weak currency as oil price slides

      Pity the policy makers given the job of rescuing the eurozone from deflation. The unorthodox steps the European Central Bank...

    38. October 19, 2014

      HSH Nordbank braced for impact of ECB assets probe

      The European Central Bank’s investigation of the eurozone’s largest lenders is raising further concerns over the future of...

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