16h05 The Nigerian central bank's monetary committee voted unanimously on Tuesday to hold its benchmark interest rate at 13.5% because key macroeconomic indicators were "trending in the right direction", governor Godwin Emefiele said.
17h38 Britain's daily foreign exchange
turnover rose to a record high in April, the Bank of England
said on Tuesday, as investors concerned about central bank
policy U-turns sought to protect their portfolios.. . .
17h11 A host of upbeat earnings
pushed U.S. stocks higher on Tuesday and world stocks rose in
anticipation of central bank easing, while pound sterling fell
on the expected confirmation of hard-Brexit advocate Boris
Johnson as. . .
16h58 A strong U.S. dollar and sliding oil
prices dragged on Latin American currencies on Tuesday, while
stocks were mixed amid expectations central banks around the
world would cut interest rates soon.. . .
16h44 Bank of England
Chief Economist Andy Haldane said he would be very wary about
lowering interest rates unless there is a sharp economic
downturn because the British economy is at full capacity and
should not. . .
16h40 The Canadian dollar weakened to
a near one-month low against its U.S. counterpart on Tuesday, as
the greenback broadly climbed and after recent domestic data
supported the view that the Bank of Canada could. . .
16h37 The dollar on Tuesday rose to
near a five-week high against a basket of currencies after
President Donald Trump and U.S. lawmakers reached a two-year
deal that raises the limits on government borrowing to. . .
16h37 Northern Ireland's Democratic
Unionist Party's 10 members of parliament will continue to
support Britain's government after Boris Johnson takes over as
prime minister, DUP leader Arlene Foster confirmed on Tuesday.. . .
16h37 Sterling, already trading near
its lowest in two years, was little moved on Tuesday after Boris
Johnson won the contest to be Britain's new prime minister, as
investors worried whether he would lead Britain. . .
14h46 Harley-Davidson Inc on
Tuesday trimmed the forecast for shipments of its motorcycles in
2019 after worldwide sales in the second quarter slumped, hurt
by higher tariff costs as well as weak demand in the. . .
13h55 Britain is more likely to leave
the European Union without a deal after Boris Johnson was chosen
to succeed British Prime Minister Theresa May on Tuesday, credit
ratings agency Moody's said.. . .
10h45 Emerging-market stocks rose on Tuesday
amid expectations some of the world's major central banks would
cut interest rates soon, while gains by the dollar weakened
Central bankers in South Korea and South Africa. . .
10h05 Sterling fell for the third
straight day on Tuesday, dragged down by a firmer dollar and
concern that the new prime minister, whose identity will be
known later in the day, will pull Britain. . .
07h06 China's yuan hovered around
two-week lows against the dollar in tepid trade on Tuesday, as
investors anxiously await monetary policy decisions by major
overseas central banks.
Traders said both volatility and. . .
06h56 Most emerging Asian currencies weakened
on Tuesday against a stronger dollar as the investors
remain focused on anticipated rate cuts by European Central Bank
(ECB) and the U.S. Federal Reserve amid increasing signs of. . .
04h20 Round-up of South Korean
South Korean shares climbed on Tuesday as overnight gains in
U.S. semiconductor shares lifted South Korean chip giants, amid
high expectations of policy easing by major central banks. The
Korean. . .
04h01 The Australian and New Zealand
dollars drifted lower on Tuesday as a dearth of economic data
left investors with little to do but second guess the prospects
for policy easing in the United States. . .
02h22 Japan's Chief Cabinet Secretary
Yoshihide Suga and Finance Minister Taro Aso will likely retain
their posts in a cabinet reshuffle expected in September, Kyodo
news agency reported on Tuesday.. . .
22/07 U.S. stocks gained ground on
Monday at the onset of a heavy earnings week, while European
shares inched higher as investors took heart from potential
progress in U.S.-China trade talks and increasing geopolitical
tensions sent. . .
22/07 Thailand should adopt an
expansionary policy mix, including fiscal reforms and monetary
easing to help support growth, which has slowed amid rising
global trade tensions, the International Monetary Fund said on
Monday.. . .
22/07 Sterling extended its decline on
Monday as the outlook for the currency turned bleaker, with
traders increasing their bets on a no-deal Brexit ahead of the
results of the Conservative Party's leadership election.. . .
22/07 Latin American currencies were subdued
on Monday in line with the broader emerging markets as
expectations of an aggressive interest rate cut by the U.S.
Federal Reserve waned following an easing in China-U.S. trade
tensions,. . .
22/07 The Canadian dollar edged lower
against its U.S. counterpart on Monday, retreating from a near
nine-month high at the end of last week, as domestic data showed
a surprise drop in May wholesale trade.. . .
22/07 An Indian government panel
has recommended banning all private cryptocurrencies and a jail
term of up to 10 years and heavy fines for anyone dealing in
digital currencies, which could signal the end of. . .
22/07 Sri Lankan shares closed lower
on Monday, snapping an eight-session gaining streak, as
investors booked profits, while the rupee weakened on higher
importer dollar demand.
** The country's benchmark stock index ended down 0.97%
at 5,659.77.. . .
22/07 Foreign office minister Alan
Duncan, who quit on Monday, said Britain was being forced to
work under a "dark cloud" caused by Brexit, setting out the
reasons for his resignation in a letter to. . .
22/07 Emerging-market assets fell on Monday as
expectations dwindled for an aggressive interest-rate cut by the
U.S. Federal Reserve, while the introduction in China of a
Nasdaq-styled index pulled investment away from existing
indices.. . .
22/07 The pound edged lower on Monday,
with investors holding on to their hedges against further
weakness ahead of the result of the Conservative party's
leadership election on Tuesday, which will decide Britain's next
prime minister.. . .
22/07 After weeks of speculation that
interest rate cuts and another round of asset purchases are on
their way, investors hope Thursday's European Central Bank
meeting will give the clearest signal yet of imminent policy
easing,. . .
22/07 China's yuan inched up against
the dollar on Monday, shrugging off strength in the greenback,
as investors hoped that some encouraging signals will be
followed by progress in Sino-U.S. trade negotiations.. . .
22/07 Round-up of South Korean
South Korean shares were trading steady on Monday as investors
kept a cautious stance ahead of corporate earnings season and
second-quarter growth data due this week, while the country's
weak. . .
19/07 Boston Federal Reserve
President Eric Rosengren on Friday pushed back against
expectations for an interest-rate cut when Fed policymakers meet
later this month, saying the U.S. economy does not need a boost
the way some. . .
19/07 A gauge of global stocks
declined after early gains dissipated on Friday as expectations
for a strongly dovish U.S. Federal Reserve at its next meeting
were dialed back, pushing the dollar higher.. . .
19/07 Speculators cut their net long dollar
position in the latest week, according to calculations by
Reuters and U.S. Commodity Futures Trading Commission data
released on Friday.
The value of the dollar's. . .
19/07 The U.S. dollar rose in
afternoon trade on Friday as fears of a larger-than-expected
50-basis-point interest rate cut in July abated after the New
York Federal Reserve walked back dovish comments from its
president the. . .
19/07 South Africa's rand weakened on Friday, giving back some of the big gains from the previous session as expectations of an aggressive interest rate cut by the Federal Reserve cooled, prompting. . .
19/07 London's FTSE 100 ended higher on Friday
as bolstered hopes of a U.S. interest rate cut stoked risk
appetite, though the index's advances were reined in after
political turmoil in Italy triggered a broad. . .
19/07 The pound hovered around $1.25
on Friday after its biggest daily jump in more than two months
in the previous session, though traders were still focused on
the growing risks of a no-deal Brexit.. . .
19/07 The Canadian dollar fell to a
nine-day low against its broadly stronger U.S. counterpart on
Friday as domestic data showing a surprise decline in May retail
sales raised bets that the Bank of Canada. . .
19/07 Emerging market shares rose on Friday
and currencies touched a four-month high after comments from a
top Federal Reserve official reinforced expectations of a U.S.
interest rate cut this month, stoking demand for riskier. . .
19/07 The pound edged lower on Friday
after registering its biggest daily jump in more than two months
in the previous session as traders focused on the growing risks
of Britain crashing out of the. . .
19/07 Round-up of South Korean
** South Korean shares jumped about 1.5% on Friday as dovish
comments from a top Federal Reserve official fuelled
expectations of a sharp U.S. rate cut later this month,. . .
19/07 Round-up of South Korean
South Korean shares rose nearly 1% on Friday after a top Federal
Reserve official's comment cemented rate-cut expectations, while
chipmakers gained on robust outlook by Taiwan's TSMC. . .
19/07 China's central bank on Friday
lifted its official yuan midpoint to 6.8635 per dollar, the
strongest in 2-1/2 weeks, tracking weakness in the greenback
after a U.S. Federal Reserve official bolstered market bets of
an. . .
19/07 Rice farmers in Bangladesh
grappled with a double whammy of floods and low demand for their
produce this week, while export prices for the grain's
Vietnamese variety rose on fresh interest from Philippines and
Africa.. . .
19/07 The Australian and New Zealand
dollars hit multi-month highs on Friday as market speculation on
aggressive U.S. rate cuts reached fever pitch following dovish
comments from Federal Reserve policy makers.. . .
19/07 Two influential Federal
Reserve officials on Thursday sharpened their public case for
acting, quickly if needed, to support the U.S. economy, reviving
bets the central bank may deliver a double-barreled interest
rate cut this month.. . .
18/07 Two influential Federal
Reserve officials on Thursday sharpened their public case for
acting quickly to support the U.S. economy, reviving bets that
the central bank may deliver a double-barreled interest rate cut
this month.. . .
18/07 Latin American currencies rose on
Thursday as the dollar fell, with the Brazilian real also
hitting four-month highs on optimism over the country's pension
The dollar fell after New York. . .
18/07 A gauge of global stocks
advanced on Thursday, erasing declines on a late rally after
comments from a U.S. Federal Reserve policymaker heightened
expectations for a rate cut, while oil prices dropped on
forecasts of. . .
18/07 The dollar fell broadly on
Thursday as an influential Federal Reserve official bolstered
bets on a preemptive interest rate cut later this month because
rates and inflation are low even as the U.S. economy. . .
Donald Trump wants a cheaper dollar, saying earlier this month
the United States should match what he says are efforts by other
countries to weaken their own currencies - giving them an unfair
trade. . .
18/07 Former U.S. Federal Reserve
chair Janet Yellen and Raghuram Rajan, former governor of the
Indian central bank, have been deterred from applying for the
job as the governor of the Bank of England because. . .
18/07 U.S. Treasury
Secretary Steven Mnuchin said on Thursday that there have been
no changes to policies on the Treasury's $94.5 billion Exchange
Stabilization Fund despite President Donald Trump's desire for a
weaker U.S. currency.. . .
18/07 Pakistan's foreign
exchange reserves increase $918 million to $8,001.3 million in
the week ending July 12, compared to $7,083.6 million in the
previous week, the central bank said on Thursday.. . .
18/07 The pound rebounded on Thursday
after stronger-than-expected retail sales numbers, also finding
support from a vote by lawmakers to make it harder for Britain's
next prime minister to try to force a no-deal Brexit.. . .
18/07 Global regulators
will not let Facebook launch its Libra currency until all their
concerns, ranging from money laundering to financial stability,
have been addressed and "a prolonged discussion" may be needed
first, the man in. . .
18/07 Kenyan currency forecast to
weaken, Tanzanian shilling to hold steady while Nigeria's naira
could ease.. . .
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