Forex

South African rand slips on risk-off sentiment

09h29 South Africa's rand weakened in early trade on Tuesday as an attack on Saudi Arabia's crude oil facilities over the weekend continued to weigh on risk sentiment.  Full story

Swiss National Bank to hold rock-bottom rate until 2021 at least

12h31 The Swiss National Bank will shrug off the European Central Bank's latest interest rate cut and not trim its own negative rate when it gives its latest monetary policy update on Thursday, according to. . .  Full story

Lagarde wins EU lawmakers' approval to lead ECB

12h26 The European Parliament backed Christine Lagarde on Tuesday as the next president of the European Central Bank, paving the way for her to become the first woman to hold the post.. . .  Full story

Currencies, stocks weaken on geopolitical jitters

11h48 Central European currencies and stocks fell on Tuesday amid geopolitical concerns raised by attacks on Saudi oil facilities, with Hungary's forint reaching a record 333.53 against the euro. By 0917 GMT,. . .  Full story

Dollar firm as markets wary over rising MidEast tensions, wait for Fed

11h24 The dollar stood tall against other major currencies on Tuesday as geopolitical risks encouraged investors to flock to the relative safe-appeal of the greenback before a U.S. central bank policy meeting this week, where a. . .  Full story

Japan to nominate ex-top currency diplomat Asakawa as ADB head - sources

10h59 Japan is expected to nominate Masatsugu Asakawa, the country's former top currency diplomat, as its candidate to become the next head of the Asian Development Bank (ADB), two people familiar with the matter said.. . .  Full story

Pound slips from six-week high vs dollar as Johnson sticks to Oct. 31 Brexit pledge

10h41 Sterling retreated from six-week highs against the dollar on Tuesday as Prime Minister Boris Johnson stuck to his pledge to take Britain out of the European Union by Oct. 31, vowing not to seek. . .  Full story

Equities hit by China rate dampener and Mideast tensions; FX index turns negative

10h38 Emerging market shares slumped on Tuesday, led by losses in China after the central bank resisted temptation to lower its one-year lending rate and as investors were deterred by geopolitical concerns stemming from attacks. . .  Full story

Oil sheds gains, stocks inch lower as focus turns to Fed

10h38 Oil shed some of its massive gains on Tuesday as the United States flagged the possible release of crude reserves, while stocks inched lower as investors remained on the sidelines ahead of this week's. . .  Full story

Wizz Air says has stronger than usual hedges against Saudi oil shock

10h14 Low-cost European airline Wizz Air said on Tuesday it had increased its fuel hedge position beyond policy minimum levels over the summer, signalling it was better protected than it might normally be from this week's. . .  Full story

Britain's insulin providers prepare for Brexit fallout

09h00 With Britain sourcing the vast majority of the insulin needed by its 1 million diabetics from overseas, its biggest providers have had to restructure their supply chains in case a chaotic Brexit disrupts the. . .  Full story

S.Korean stocks end flat as oil price surge sparks slowdown concerns

08h57 Round-up of South Korean financial markets:. . .  Full story

China FX regulator steps up scrutiny of cross-border flows, blacklists some firms-sources

08h55 China's foreign exchange regulator recently stepped up scrutiny of cross-border capital flows, blacklisting 43 forex trading firms and singling out two companies suspected of illegal forex activities, according to two sources.. . .  Full story

Most Asian currencies slip, Fed policy meeting in focus

08h51 Most Asian currencies weakened on Tuesday against a stronger dollar, with the South Korean won leading declines, as heightened Middle East tensions and the U.S. Federal Reserve's upcoming meeting curbed risk appetite.. . .  Full story

Swiss slash 2019 growth forecast as industry struggles

08h22 The Swiss government cut its 2019 growth forecast by a third on Tuesday, citing as risks the escalating trade war between China and the United States, the rising Swiss franc and the drastic slowdown. . .  Full story

Indonesia c.bank likely to cut rates again to shore up economy

08h09 Indonesia's central bank is expected to cut its benchmark rate on Thursday, for the third meeting in a row, to support growth, a small majority of economists forecast in a Reuters poll.. . .  Full story

Details on car tariffs fuzzy as U.S., Japan head for trade deal

07h46 U.S. President Donald Trump has said Washington and Tokyo have reached an initial trade deal that he and Japanese Prime Minister Shinzo Abe are expected to sign in New York later this month.. . .  Full story

Yuan falls on dollar strength; trade talks, Fed in focus

07h29 The yuan weakened on Tuesday as the dollar rallied along with oil prices and investors nervously awaited the resumption of U.S.-China trade talks. Traders were also looking to Wednesday's policy. . .  Full story

Australia's c.bank eyes unemployment, housing for further rate cuts

06h20 Australia's central bank will assess global and domestic developments including the state of the country's labour market before cutting interest rates further, minutes of its September meeting showed, putting the onus on the unemployment rate. . .  Full story

S.Korea stocks steady amid caution over oil price spike

04h33 Round-up of South Korean financial markets: ** South Korean shares traded almost steady on Tuesday amid concerns a spike in crude oil prices could further slow global economic growth. The won. . .  Full story

Syria to crack down on profiteers in bid to ease currency crisis

01h58 Syria's cabinet announced on Monday a package of economic measures to help ease a currency crisis that has wreaked havoc on the war-torn - from tighter controls on spiraling prices to a crackdown on. . .  Full story

Latam FX subdued, Colombia stocks gain after Saudi attacks

16/09 A surge in crude prices in the wake of attacks on Saudi Arabia's oil facilities drew muted reaction from Latin American currencies on Monday, while gains in oil producers supported Colombia's stock markets.. . .  Full story

Oil soars after attack on Saudi facilities, stocks dip

16/09 Oil prices soared on Monday after attacks on crude facilities in Saudi Arabia cut the kingdom's production in half and sparked worries over the impact of an oil shock on economic growth, halting a. . .  Full story

Dollar climbs on U.S. oil stockpile use after Saudi attacks

16/09 The dollar rose against a basket of currencies on Monday as U.S. President Donald Trump's authorization of the use of an emergency crude stockpile in response to attacks on Saudi Arabian refining facilities cooled a. . .  Full story

Facebook's Libra in regulators' sights as ECB's Coeure warns of 'stablecoin' risks

16/09 Facebook's attempt to drag cryptocurrencies into the mainstream with its Libra digital coin met with further scepticism on Monday when an ECB board member said such "stablecoins" posed serious risks.. . .  Full story

Global daily FX trading at record $6.6 tln as London extends lead

16/09 Global daily currency turnover surged to a record $6.6 trillion, with London shrugging off Brexit uncertainty to extend its lead as the world's dominant trading hub, the Bank for International Settlements (BIS) said on Monday.. . .  Full story

Approved 2020 Czech budget aimed at keeping deficit steady

16/09 The Czech government approved a 2020 central state budget proposal on Monday with the deficit steady at 40 billion crowns ($1.7 billion) while adding spending promises that some warn could leave plans vulnerable to. . .  Full story

Nigerian stocks end winning streak after index hit six-week high

16/09 Nigerian stocks shed 0.74% on Monday, erasing gains posted in early trades as Airtel Africa fell and investors booked profits after the index climbed to a six-week high.. . .  Full story

Wide UK-EU rift over Brexit terms kicks pound lower

16/09 The pound retreated further from last week's gains following a heated remarks by Luxembourg Prime Minister Xavier Bettel on Monday showing that the gap between the British and European Union positions on Brexit remained. . .  Full story

Nigerian stocks rise to more than one-month high

16/09 Nigerian stocks extended gains on Monday, rising to a more than one-month high as investors snapped up shares in the relatively liquid banking sector and heavy weight Dangote Cement gained.. . .  Full story

INTERVIEW-Hungary sees no solitary veto of new Brexit delay -PM aide

16/09 Hungary on its own will not veto a new delay to Britain's departure from the European Union, a top minister said on Monday, adding that a disorderly Brexit would dent Hungary's strong economic growth.. . .  Full story

Pakistan's cenbank holds rates, says recent hikes enough to tame inflation

16/09 Pakistan's central bank held its main policy rate at 13.25% on Monday, taking a pause from a series of recent hikes that it said had been enough to ensure the country's high inflation would. . .  Full story

Sri Lankan rupee ends weaker amid continued foreign outflows; stocks edge up

16/09 ** Sri Lanka's rupee closed weaker on Monday, with continued foreign outflows from government securities, while equities ended slightly firmer for the second straight session.. . .  Full story

We will not extend Brexit transition period - UK PM Johnson's spokesman

16/09 Britain has no intention of seeking an extension to the transition period after it leaves the European Union if a divorce deal is struck with the bloc, Prime Minister Boris Johnson's spokesman said on. . .  Full story

UK PM Johnson stands in support of Saudi allies after oil attack

16/09 British Prime Minister Boris Johnson stands in support of his Saudi Arabian allies following an attack on its oil facilities which marked a "wanton violation of international law", his spokesman said.. . .  Full story

Kenyan shilling stable against the dollar

16/09 The Kenyan shilling was stable against the dollar on Monday with inflows from offshore investors buying government debt helping ease pressure from merchandise importers and excess liquidity in the local money. . .  Full story

Brexit: Deutsche Bank cuts probability of no-deal to 35% vs 50%

16/09 Deutsche Bank said on Monday it cut its probability that Britain will crash out of the European Union on Oct. 31 without a deal to 35% from 50% previously after lawmakers passed a law. . .  Full story

FX down, waiting on Fed, econ data after Saudi attacks

16/09 Central European currencies edged lower on Monday with markets cautious after global oil prices spiked following attacks on crude facilities in Saudi Arabia, although losses were limited with expectations the region's growth and. . .  Full story

Saudi attack dents currencies of crude importers, stocks dip

16/09 Emerging market currencies took a backseat on Monday with those of major crude importers sliding as oil prices surged after an attack on Saudi Arabian facilities cut more than 5% of the global oil. . .  Full story

Pound weakens as 'no-deal' Brexit concerns grow

16/09 The pound fell nearly half a percent on Monday as concern revived that Britain will struggle to secure a deal on the terms of its departure from the European Union.. . .  Full story

Yuan rises on trade tailwind but growth, oil curb gains

16/09 The yuan held a firm tone on Monday after a holiday weekend, with markets cheered by signs of progress in U.S.-China trade negotiations though weak economic data at home and turmoil in oil markets. . .  Full story

EU faces economic risks if budget not agreed this year- Oettinger

16/09 The European Union risks not being able to tackle the economic challenges it faces if it does not agree on a long-term budget by the end of the year, the bloc's top budget official. . .  Full story

ECB's De Cos urges progress towards European fiscal union

16/09 Europe's fiscal framework needs urgent improvement and the bloc should work towards union on it, European Central Bank policymaker Pablo Hernandez De Cos said on Monday.. . .  Full story

S.Korean stocks rise for 7th straight session; refiners, shipbuilders shine

16/09 Round-up of South Korean financial markets:. . .  Full story

Start-ups to grab $280 bln in banking payments revenues by 2025, study says

16/09 Banks are set to miss out on as much as $280 billion in revenue from their payments operations by 2025, as new start-ups muscle in and more of the business of sending money to. . .  Full story

South African rand weaker as risk appetite ebbs

16/09 South Africa's rand weakened in early trade on Monday as an attack on Saudi Arabia's oil facilities dented risk appetite, while investors braced for monetary policy decisions from major central bank. . .  Full story

Saudi attacks rattle Asia's oil-importing currencies as crude surges

16/09 Most Asian currencies weakened against the dollar on Monday, with net oil-importers taking a sharp hit after an attack on Saudi Arabia's oil facilities drove up crude prices and worsened tensions between the United. . .  Full story

S.Korea stocks inch higher on refiners, shipbuilders

16/09 Round-up of South Korean financial markets: ** South Korean shares edged higher on Monday, driven by refineries and shipbuilders as oil prices surged, while worries over the chip industry capped gains.. . .  Full story

Breakdown of China's Aug retail sales

16/09 Following is a breakdown of China's retail sales for August, published by the National Bureau of Statistics on Monday. (Percent change from a year earlier):. . .  Full story

After LSE's sharp rebuff, HKEX begins investor charm offensive

15/09 Hong Kong Exchanges and Clearing is embarking on a three-week charm offensive with London Stock Exchange investors as the Asian trading house tries to salvage its proposed $39 billion takeover offer.. . .  Full story

Global regulators to question Facebook's Libra amid EU concerns -paper

15/09 Global regulators will question Facebook on Monday about its Libra cryptocurrency, amid concerns from European Union governments over the threat the digital currency poses to financial stability, the Financial Times reported on Sunday.. . .  Full story

Italy's economy minister urges caution over privatisations

14/09 Italy's economy minister Roberto Gualtieri said on Saturday that privatisation targets set by the previous Italian government were "unrealistic", and warned the sale of government shares in public companies should be handled with caution.. . .  Full story

Speculators turn against Brazil's real, hold biggest short since 2014

13/09 Hedge funds and speculators on U.S. futures markets turned aggressively against the Brazilian real in the latest week, building up their largest bet in five years on it falling, figures on Friday showed.. . .  Full story

France, Germany blast Facebook's Libra, back public cryptocurrency

13/09 France and Germany said on Friday that Facebook Inc's Libra currency posed risks to the financial sector that could block its authorisation in Europe, and backed the development of an alternative public cryptocurrency.. . .  Full story

Stocks, bond yields lifted by U.S.-China trade hopes

13/09 A gauge of global stocks rose for an eighth straight day and benchmark government bond yields climbed on Friday after signs of progress in U.S.-China trade talks, as well as a solid U.S. retail. . .  Full story

Brazil stocks drag Latam lower; focus turns to U.S. Fed

13/09 Brazilian stocks edged lower on Friday after several strong sessions as investors braced for key monetary policy decisions from the U.S. Federal Reserve, although most markets were set for weekly gains on easing U.S.-China trade. . .  Full story

Loonie hits 9-day low as investors brace for less dovish Fed

13/09 The Canadian dollar weakened to its lowest in more than one week against its U.S. counterpart on Friday as investors guarded against the risk that the Federal Reserve would shift next week to a. . .  Full story

FACTBOX-Facebook's cryptocurrency Libra and digital wallet Calibra

13/09 Facebook Inc revealed lofty plans to establish a cryptocurrency called Libra in June, but the project quickly ran into trouble with skeptical regulators around the world.. . .  Full story

Euro gains as bank relief offsets ECB stimulus

13/09 The euro gained against the dollar on Friday for a second day after the European Central Bank on Thursday exempted euro zone banks from a penalty charge, which analysts say will reduce the currency. . .  Full story

IMF has a decision to make in Argentina: rock or hard place?

13/09 The International Monetary Fund has a tough choice to make in Argentina: Unlock over $5 billion in funds under the country's loan deal as the government strains to stave off default, or hold the. . .  Full story

EU considers energy taxes to counter climate change

13/09 The European Union is considering new energy taxes, including on the aviation sector, to meet its climate targets, top officials said on Friday, with Germany calling for "drastic steps" to reduce carbon emissions.. . .  Full story

Hong Kong exchange vows to press on with $39 bln LSE bid after rebuff

13/09 Hong Kong's exchange refused to give up on its bid to take over the London Stock Exchange after the British bourse emphatically rejected its $39 billion takeover offer on Friday.. . .  Full story

S.Africa's rand firms as trade optimism lifts risk assets, stocks up

13/09 South Africa's rand firmed against the dollar on Friday, as signs of a thaw in U.S.-China trade tensions and monetary easing in the euro zone and Turkey buoyed developing world currencies.. . .  Full story

France and Germany agree to block Facebook's Libra

13/09 France and Germany have agreed to block Facebook's Libra cryptocurrency, the French finance ministry said on Friday.. . .  Full story

Zimbabwe hikes lending rate to 70% to tackle inflation

13/09 Zimbabwe's central bank said on Friday it had raised its overnight borrowing rate from 50% to 70% after a surge in inflation and a steep fall in the domestic currency.. . .  Full story

Sterling rockets as Irish backstop hopes add to Brexit optimism

13/09 The pound extended the last week's dramatic rally on Friday as investors pounced on a media report that Northern Ireland's largest political party had agreed to accept some European Union rules after Brexit.. . .  Full story

The key to strengthening Brazil's fragile economic recovery? Brazilians

13/09 Brazilian investors have kept faith in their financial markets this year while foreigners have steered clear, but if their confidence fades, so too might the nascent recovery in Latin America's largest economy.. . .  Full story

France's finance minister says EU weighing climate tax on airlines

13/09 France's Finance Minister Bruno Le Maire said on Friday the European Union is considering a tax on EU airlines as part of a plan to reduce carbon emissions.. . .  Full story

HKEX to continue to engage with LSE shareholders after rebuff

13/09 Hong Kong Exchanges and Clearing Ltd said it will continue to engage with the shareholders of London Stock Exchange Group after the London bourse emphatically rejected its $39 billion takeover offer on Friday.. . .  Full story

Germany against allowing Facebook's Libra in Europe -Der Spiegel

13/09 The German government is against giving regulatory approval for Facebook's Libra digital currency in the European Union, Der Spiegel magazine reported on Friday, citing a member of Chancellor Angela Merkel's conservatives.. . .  Full story

HKEX Says Will Continue To Engage With LSE Shareholders On Proposed Deal

13/09 Hong Kong Exchanges and Clearing Limited :. . .  Full story

Draghi's parting shot leaves next ECB boss with existential dilemma

13/09 Christine Lagarde will face a momentous decision in her first year as European Central Bank President: give up on reviving inflation or give in to the temptation of bankrolling governments with neverending bond purchases.. . .  Full story

Turkey to unveil policy to boost domestic savings - Albayrak

13/09 Turkey plans to announce a new policy to boost domestic savings and reduce its reliance on foreign capital, Treasury and Finance Minister Berat Albayrak said on Friday, a month after Turks' foreign holdings logged. . .  Full story

ECB stimulus excessively large: Weidmann

13/09 The European Central Bank delivered excessive stimulus on Thursday as economic conditions had not deteriorated enough to necessitate such a large package, Bundesbank President Jens Weidmann told German newspaper Bild on Friday.. . .  Full story

How does negative interest rates policy work?

13/09 The European Central Bank doubled down on its negative rate policy on Thursday, meaning banks will now have to pay 0.5% interest simply for depositing much of their spare cash with it - an. . .  Full story

London Stock Exchange rejects Hong Kong's $39 bln takeover offer

13/09 London Stock Exchange has rejected Hong Kong Exchange's $39 billion takeover offer, opting to stick with its planned purchase of data and analytics group Refinitiv.. . .  Full story

Kenyan shilling holds steady against the dollar

13/09 The Kenyan shilling was stable against the dollar on Friday with inflows from diaspora remittances meeting thin dollar demand from merchandise importers, traders said.. . .  Full story

South Africa likely to miss 1.5% growth target -finance minister

13/09 South Africa's economic growth is unlikely to reach the treasury's target of 1.5% in 2019 because conditions have changed and the country is facing increasing headwinds, Finance Minister Tito Mboweni said. . .  Full story