Forex

Zimbabwe to enforce "use it or lose it" policy for mining assets

11h31 Zimbabwe will vigorously enforce a policy to force companies to develop their mining assets and not keep the land for speculative purposes, mines minister Winston Chitando said on Wednesday.  Full story

U.S. dollar steady as case for Fed rate pause solidifies

18h45 The U.S. dollar was stable on Wednesday after consumer prices in October rose more than expected and Federal Reserve Chair Jerome Powell offered an optimistic outlook for the economy, further solidifying the case for the. . .  Full story

Sterling steady as hopes of Conservative election win overshadow weak data

18h20 The pound traded stable on Wednesday as weak economic data, which should hurt sterling, were more than offset by supportive political developments in Britain.. . .  Full story

ANALYSIS-Breakdown of trust in financial system deepens crisis in Lebanon

17h55 Lebanese student Fatima Jaber's family is struggling to pay off multiple loans with double-digit interest rates.. . .  Full story

Thai c.bank to lower growth outlook, still has scope to support economy

17h53 Thailand's central bank will lower its economic growth forecasts for this year and next, a deputy governor said on Wednesday, and still has monetary policy space for action to support the economy despite cutting. . .  Full story

Chile peso, stocks slide on unrest; big interest rate cut forecast

17h47 Chile's peso slid for the fifth straight session on Wednesday and the country's stocks tumbled more than 2%, as anti-government unrest showed no signs of letting up and as traders predicted that the central. . .  Full story

London forex trader accuses Citigroup of unfair dismissal

17h27 A former top Citigroup trader, who was fired in 2014 but acquitted of foreign exchange-rigging charges after a trial in New York, told a London employment tribunal he was unfairly dismissed despite being in the. . .  Full story

Canadian dollar hits 1-month low as trade deal doubts weigh

16h33 The Canadian dollar weakened to a one-month low against its U.S. counterpart on Wednesday, adding to its decline since the Bank of Canada shifted to a more dovish stance as investors became more pessimistic. . .  Full story

Hungary to keep rates steady as inflation shifts higher

15h59 The National Bank of Hungary (NBH) is expected to keep interest rates unchanged at its monthly policy meeting on Tuesday based on the unanimous forecast of 16 economists in a Reuters poll, which projects. . .  Full story

End to negative rates seen soon in Sweden after inflation data

15h04 Swedish consumer prices rose in line with market forecasts in October, increasing the chances the Riksbank will end five years of negative interest rates by lifting its key repo rate from -0.25 percent in. . .  Full story

Sri Lankan stocks, rupee gain ahead of presidential polls

15h04 Sri Lankan shares ended firmer on Wednesday at near one-week highs, as investors picked up beverage and diversified shares ahead of Saturday's presidential vote.. . .  Full story

Russia to cut share of U.S. dollar in National Wealth Fund, mulls other currencies

14h19 Russia will reduce the share of the U.S. dollar in its National Wealth Fund and is considering investing in other foreign currencies including the Chinese yuan, Deputy Finance Minister Vladimir Kolychev said on Wednesday.. . .  Full story

European shares knocked off four-year highs by Trump speech

13h55 European shares fell on Wednesday from four-year highs after U.S. President Donald Trump threatened to "substantially" increase tariffs if China failed to agree a trade deal, and he also took a swipe at European Union. . .  Full story

Currencies fall as Trump's speech dampens trade deal hopes

12h43 Central Europe's main currencies continued to soften on Wednesday, as a better-than-expected reading on German investor sentiment was offset by U.S. President Donald Trump's speech that dashed hopes of a concrete trade deal with China.. . .  Full story

SNB chairman sticks to negative interest, intervention - Swiss govt

12h38 Swiss National Bank Chairman Thomas Jordan is sticking to his policy of negative interest rates and the readiness to intervene in foreign exchange markets to tamp down on the Swiss franc's value as the. . .  Full story

Shares dip after Trump's trade speech, Hong Kong protests

12h08 Emerging market shares fell for the third time in four sessions on Wednesday as U.S. President Donald Trump offered little clues on a trade truce with Beijing, while shares in Hong Kong led declines. . .  Full story

Foreigners buy Asian bonds for sixth straight month in October

12h05 Foreigners were net buyers of Asian bonds for a sixth straight month as hopes of an interim U.S.-China trade deal improved risk sentiment and benefited the highest-yielding bonds in the region.. . .  Full story

Sterling steady as hopes of Tory election win overshadows weak data

11h20 The pound was slightly weaker against the U.S. dollar on Wednesday and stable against the euro, as weak economic data, which should hurt sterling, is more than offset by supportive political developments in Britain.. . .  Full story

Zimbabwe central bank will not allow miners to keep all forex earnings

10h44 Zimbabwe will not grant mining companies' request to keep all their export earnings in foreign currencies, central bank governor John Mangudya said on Wednesday, adding that the government needs some of. . .  Full story

South African rand flat; focus shifts to key retail data

09h53 South Africa's rand was flat against the dollar on Wednesday as investors were reluctant to take big positions amid a lack of clarity on the prospects for a trade deal between. . .  Full story

Kenyan shilling firms due to remittances, inflows to stock market

09h40 The Kenyan shilling strengthened to a new four month-high against the dollar on Wednesday due to remittance and inflows from offshore investors buying shares on the stock market, traders said.. . .  Full story

S.Korean stocks, won slide on trade deal concerns, Hong Kong unrest

08h58 Round-up of South Korean financial markets:. . .  Full story

Most Asian units weaken on fresh doubts about U.S.-China trade deal

07h50 Most Asian currencies eased on Wednesday as lack of clarity on the prospects for a trade deal between the United States and China dampened risk sentiment. U.S. President Donald. . .  Full story

NZ holds interest rates, clips doves' wings as kiwi soars

07h25 New Zealand's central bank surprised investors by holding interest rates at an all-time low of 1% on Wednesday saying it saw no urgency to ease policy further, sending the kiwi dollar sharply higher.. . .  Full story

Yuan falls to 1-week low as Trump threatens to raise tariffs if trade talks fail

06h43 China's yuan fell to a one-week low against the dollar on Wednesday after U.S. President Donald Trump said he would raise tariffs on Chinese goods if the two countries fail to reach a trade. . .  Full story

Views shift sharply on whether BOJ's next move will be easing or tapering

06h10 Economists are largely split on the Bank of Japan's next move, according to a Reuters poll, with a growing number saying the central bank would unwind stimulus as its next course of. . .  Full story

Chile's finance minister calls for return to 'normality' as peso slides

04h59 Chile's finance minister warned on Tuesday of the "grave consequences" for the nation's economy of three weeks of often violent unrest, after the peso slid 4% to hit a historic low against the dollar.. . .  Full story

New Zealand dlr jumps as central bank stuns bears with rate hold

04h49 The New Zealand dollar boasted its biggest daily rise this year on Wednesday after the country's central bank surprised markets by keeping interest rates steady, wrongfooting bears who had wagered heavily on a cut.. . .  Full story

S.Korea stocks fall nearly 1% amid trade deal uncertainty

04h09 Round-up of South Korean financial markets: ** South Korean shares dropped almost 1% on Wednesday as President Donald Trump's speech failed to provide any new details on when the U.S.-China trade. . .  Full story

Stocks, dollar rise as Trump says trade deal is near

12/11 Global equity markets and the dollar rose on Tuesday as U.S. President Donald Trump reiterated the United States is close to signing a trade deal with China but offered no new details.. . .  Full story

C$ steadies near 1-month low, weighed by BoC's more dovish stance

12/11 The Canadian dollar was little changed against its U.S. counterpart on Tuesday, holding near a one-month low it hit earlier in the day as the greenback broadly climbed and investors adjusted to the Bank. . .  Full story

Dollar stalls after Trump speech reveals little on trade

12/11 The dollar was little changed after U.S. President Donald Trump in a speech on Tuesday offered no new details on the state of the administration's trade war with China.. . .  Full story

Chile's peso sinks to record low as unrest grows; Latam stocks slump

12/11 Chile's peso plunged to a record low on Tuesday as massive anti-government protests showed little signs of abating, while Latin American stocks tumbled, led by losses in Brazil as some corporate earnings disappointed.. . .  Full story

UN urges Lebanon to build gov't of "competence", banks close

12/11 The United Nations urged Lebanon on Tuesday to form a competent new government better able to seek international aid after weeks of protests against the ruling elite, warning the country was in a critical. . .  Full story

Sterling edges down from six-month high vs euro as Brexit Party boost ebbs

12/11 Sterling inched down from a six-month high against the euro and was a touch softer against the dollar on Tuesday, as a boost from the Brexit Party's decision not to contest previously Conservative-held seats. . .  Full story

Moscow Exchange to install "speed bumps" to smooth out FX trading

12/11 The Moscow Exchange will introduce "speed bumps" on part of its currency market to reduce the advantage high-frequency traders have over other players, the bourse said on Tuesday.. . .  Full story

Croatia eying euro adoption by 2024, PM says

12/11 Croatia's strategic goal is to fulfill the necessary criteria and adopt the euro by the end of the next government's term in office, Prime Minister Andrej Plenkovic said on Tuesday.. . .  Full story

Kenyan shilling steady, remittances to meet importer demand

12/11 The Kenyan shilling was stable on Tuesday, with inflows from diaspora remittances and offshore investors buying stocks expected to meet dollar demand from importers, traders said.. . .  Full story

Zimbabweans get new banknotes, but angered by withdrawal limits

12/11 Zimbabweans finally got access to new low-denomination currency on Tuesday that authorities hope will end chronic cash shortages, but banks maintained an existing weekly withdrawal limit of $20, frustrating many customers.. . .  Full story

Zloty falls as Polish central bank forecasts growth slowdown

12/11 The Polish zloty fell versus the euro in early trade on Tuesday after the National Bank of Poland published its latest economic forecasts, confirming an expected slowdown in the eastern European region next year.. . .  Full story

EM stocks rebound ahead of Trump's trade speech

12/11 Emerging market shares recovered on Tuesday, while currencies were largely unchanged, with investors keenly waiting for a speech by U.S. President Donald Trump later in the day for signs of progress on a U.S.-China. . .  Full story

South African rand firmer in early trade

12/11 South Africa's rand was slightly firmer early on Tuesday, as investors awaited a speech on trade by U.S. President Donald Trump amid his country's long-running tariff war with China.. . .  Full story

Lebanon's banks shut as staff strike over safety fears

12/11 Lebanon's banks and schools were shut on Tuesday in a new wave of disruption amid urgent political efforts to form a new government to steer the country out of its worst economic crisis since. . .  Full story

Kenya's lending cap repeal removes hurdle to rate cut - cenbank governor

12/11 Kenya's scrapping of a cap on banks' lending rates has removed one of the concerns the central bank had about cutting interest rates, its governor said on Tuesday, adding that monetary. . .  Full story

S.Korean stocks jump on chipmakers; investors eye Trump speech

12/11 Round-up of South Korean financial markets:. . .  Full story

SYNDICATE HEAD

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China's digital currency not seeking "full control" of individuals' details - c. bank official

12/11 China's proposed digitized domestic currency is not a bid to gain full control of information belonging to the general public, a senior central bank official said on Tuesday, adding that the goal was to balance. . .  Full story

Asian currencies in narrow ranges as trade risks linger

12/11 Most Asian currencies were rangebound on Tuesday, as investors took to the sidelines awaiting further clarity on an interim trade deal between the United States and China. Markets were cautious. . .  Full story

Yuan inches up as investors await Trump speech

12/11 China's yuan made modest gains against the dollar on Tuesday, as investors awaited a key speech for more clues on the Sino-U.S. trade talks. U.S. President Donald Trump is due. . .  Full story

Vietnam trade surplus in Oct widens to $1.86 billion - customs

12/11 Vietnam recorded a trade surplus of $1.86 billion in October, widening from a surplus of $1.6 billion in September, customs data released on Tuesday showed.. . .  Full story

Kiwi dollar dips on rate cut bets, Aussie follows

12/11 The New Zealand dollar slipped on Tuesday, as traders wagered on a higher probability of a rate cut this week after a central bank survey showed the country's near-term inflation expectations eased in the. . .  Full story

S.Korea stocks flat amid Hong Kong crisis; focus shifts to Trump speech

12/11 Round-up of South Korean financial markets: South Korean shares were flat on Tuesday as investors waited for clues from U.S. President Donald Trump on the status of trade talks with China, amid a worsening domestic. . .  Full story

Australian business activity improves modestly in Oct-survey

12/11 A closely watched measure of Australian business conditions edged higher in October as firms reported a much-needed pick up in sales, offering a hint of stabilisation after months of weakness.. . .  Full story

Dollar, stocks slip amid trade deal uncertainty

11/11 The dollar slid and global equity markets fell on Monday after U.S. President Donald Trump's remarks over the weekend dashed investor optimism that Washington and Beijing would soon reach a deal to end their debilitating. . .  Full story

U.S. dollar lower on mixed trade signals

11/11 The U.S. dollar was broadly lower on Monday after President Donald Trump said over the weekend that trade talks with China were moving along "very nicely" but the United States would only make a. . .  Full story

Chile's peso at 16-yr low on constitution overhaul; Latam assets retreat

11/11 Chilean assets tumbled on Monday to lead Latin American markets lower as the country braces for a constitutional makeover after weeks of political unrest, while uncertainty over a U.S.-China trade deal kept investors away from. . .  Full story

Lebanon c.bank says bank deposits are safe, banks to review curbs

11/11 Lebanon's central bank, seeking to shore up battered confidence in the financial system amid the worst economic crisis in decades, said on Monday bank deposits are secure and it had the ability to preserve. . .  Full story

Pound climbs to 6-month highs vs euro as Conservatives get Brexit Party boost

11/11 The pound jumped on Monday, hitting a six-month high versus the euro and posted its biggest daily rise in nearly a month against the greenback after the Brexit Party said it would not contest. . .  Full story

Election gift for PM Johnson: Brexit Party stands down in Conservative seats

11/11 Prime Minister Boris Johnson won the most significant boost of the British election campaign to date when Nigel Farage's Brexit Party pulled out of 317 Conservative-held seats in a bid to prevent opponents of Brexit. . .  Full story

-Pound strengthens after Conservatives receive Brexit Party boost

11/11 The pound rose on Monday, hitting a six-month high versus the euro and strengthening as much as 1% against the dollar, after the Brexit Party said it would not contest previously Conservative held seats. . .  Full story

After fanfare, new Zimbabwe banknotes fail to arrive

11/11 Heralded by Zimbabwe's central bank and its President Emmerson Mnangagwa as the answer to an acute cash shortage that has hamstrung the country's economy, new low-denomination banknotes were due to enter. . .  Full story

Moody's cuts global sovereign rating outlook to "negative" for 2020

11/11 Rating agency Moody's cut its global sovereign outlook for 2020 to 'negative' from 'stable' on Monday, saying disruptive and unpredictable world politics would slow growth and increase the risk of economic or financial shocks.. . .  Full story

Forint slips more, O2 shares buoy Prague stock market

11/11 The Hungarian forint eased to its lowest point in nearly five weeks against the euro on Monday, continuing a week-long slide along with other central European currencies as global concerns reduce the market's appetite. . .  Full story

REUTERS SUMMIT-Investors wary as social unrest spreads from Hong Kong to Santiago

11/11 Social unrest worldwide is alarming some global investors, who say protests from Hong Kong and Lebanon to Chile are forcing them to be more cautious even though the impact on financial markets has been. . .  Full story

EM shares retreat as Hong Kong unrest hits sentiment

11/11 An escalation of political unrest in Hong Kong drove its shares to their biggest one-day fall in three months on Monday, while uncertainty over the U.S.-China trade deal also clouded sentiment in emerging markets.. . .  Full story

Police shooting rattles Hong Kong markets, investors count on Alibaba listing

11/11 Hong Kong's share index lost almost 3% as unrest in the Asian financial hub worsened on Monday, with police firing live rounds at anti-government protesters on the eastern side of island and firing tear. . .  Full story

Kenyan shilling firms to 4-month high, helped by remittances

11/11 The Kenyan shilling strengthened on Monday to a four-month high , by dollar inflows from remittances and offshore investors buying shares on the stock market, traders said.. . .  Full story

S.Korean stocks fall on renewed trade deal uncertainty

11/11 Round-up of South Korean financial markets:. . .  Full story

S. Korean won leads losses on Sino-U.S. trade deal doubts

11/11 Most Asian currencies softened on Monday, with the South Korean won leading regional declines, as mixed signals about the U.S.-China tariff rollback dampened risk sentiment. The won, the worst performing. . .  Full story

Yuan eases on trade uncertainty, firm inflation tempers PBOC easing views

11/11 China's yuan eased on Monday, reflecting strength in the greenback in overseas markets, with sentiment dented by renewed uncertainty over a preliminary trade deal between Beijing and Washington. Losses in the. . .  Full story

S.Korea stocks, won decline on trade deal worries

11/11 Round-up of South Korean financial markets: ** South Korean shares dropped on Monday as U.S. President Donald Trump's comments last week triggered doubts about trade deal with. . .  Full story

New Zealand central bank seen cutting rates as economic growth slows

11/11 Most economists are expecting New Zealand's central bank to cut rates to a record low at its last monetary policy decision of the year on Wednesday after the bank signalled in recent months it. . .  Full story

Lebanese banking association head says depositors' money is safe, no need for panic

09/11 Lebanese depositors' money is safe in the banks and there is no need for panic, Salim Sfeir, the head of the Association of Banks in Lebanon, said in a press conference on Saturday.. . .  Full story

AL-JADEED

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South Africa power cuts hurt rand as they put economy under more pressure

09/11 South Africa's rand weakened on Friday, after nationwide electricity blackouts overnight by ailing state utility Eskom spooked investors and reignited worries about the economy.. . .  Full story

Trade deal doubts clip world stock rally, oil wavers

08/11 Oil prices faltered and global equity markets slipped on Friday, halting a week-long record-setting rally fueled on hopes a U.S.-China trade deal was near, as the latest statements out of Washington cast fresh doubts about. . .  Full story

C$ hits 3-week low as jobs miss adds to rate cut bets

08/11 The Canadian dollar weakened to a three-week low against its U.S. counterpart on Friday as data showing a surprise decline in domestic jobs added to pressure on the currency since the Bank of Canada. . .  Full story

U.S. dollar touches 3-week high; yen up on renewed trade uncertainty

08/11 The dollar rallied to a three-week high on Friday, getting some safe-haven bids, as risk appetite for higher-yielding currencies waned with renewed uncertainty about the rollback of existing tariffs, a major component of. . .  Full story

Latam stocks fall, Brazil's real set for worst week in a year

08/11 Brazil's real led Latin American currencies lower on Friday, hit by underwhelming oil auctions and political concerns, while stocks in the region fell on doubts about an agreement between Washington and Beijing to roll back. . .  Full story

Failure to launch: The biggest IPO pull-outs of 2019

08/11 Private companies seeking to launch on stock markets have abandoned a series of initial public offerings (IPO) this year after a string of high-profile startups — most notably WeWork — failed to draw the. . .  Full story

Work on ECB digital currency under way, progress possible next year

08/11 Progress on the feasibility of a digital currency backed by the European Central Bank could be made in the coming months, senior officials said on Friday, cautioning that the project faced challenges and was. . .  Full story

British pound set for weekly loss on political uncertainty

08/11 Sterling edged lower on Friday and is poised for a weekly loss as investors await political developments ahead of Britain's Dec. 12 election.. . .  Full story

Sterling slips briefly below $1.28 on political uncertainty

08/11 Sterling dipped below $1.28 on Friday, holding near two-week lows against the dollar and euro, as investors await political developments ahead of Britain's Dec. 12 election.. . .  Full story

Sri Lankan stocks, rupee gain; polls awaited

08/11 Sri Lankan shares edged higher on Friday, snapping a four-day losing streak, as investors picked up banking and beverage shares ahead of the presidential vote on Nov. 16. ** The country's main Tamil party. . .  Full story

Forint underperforms on surprise increase in inflation

08/11 Hungary's forint eased on Friday versus the euro and underperformed its Central European peers as October inflation came in above expectations while the Hungarian central bank has been sticking to its ultra-loose monetary policy.. . .  Full story

Stocks, FX set to end strong week with a whimper

08/11 Lingering doubts about a U.S.-China trade deal, a Moody's rating cut on India's sovereign outlook and another power outage in South Africa dampened emerging markets on Friday but did little to take the shine. . .  Full story

Kenyan shilling firmer on offshore investor inflows

08/11 The Kenyan shilling firmed against the dollar on Friday supported by inflows of hard currency from offshore investors buying government debt and banks' shares at the stock market, traders said.. . .  Full story

Malaysia surprises with first cut in banks' reserve ratio in 3 years

08/11 Malaysian banks' statutory reserve requirement (SRR) will be reduced to 3.00% from 3.50%, effective Nov. 16, the central bank said on Friday, the first cut in three years and made days after it left. . .  Full story

REUTERS SUMMIT-Shale, other "fake quality" assets at most risk as borrowing costs rise -Carmignac

08/11 World markets could be approaching a tipping point in 2020 as funding costs start to rise, making bonds a riskier investment and some credit sectors, such as U.S. shale oil, particularly fragile, according to. . .  Full story

Is the end of negative bond yield phenomenon nigh?

08/11 The pool of negative-yielding euro zone bonds is draining at last as extreme economic pessimism gripping markets abates, but sub-zero borrowing costs are expected to remain a persistent feature of the year ahead.. . .  Full story

Foreign holdings of Chinese bonds hit new high of 2.13 trln yuan in Oct

08/11 Offshore investors raised their holdings of Chinese yuan bonds to a new record in October as signs of easing tensions between China and the United States boosted the yuan, and as the phased inclusion. . .  Full story

Power cuts hit South Africa's rand

08/11 South Africa's rand was weaker early on Friday after nationwide electricity blackouts overnight by ailing state utility Eskom spooked investors and reignited worries about the economy.. . .  Full story

FX REGULATOR

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