Forex

South African central bank holds repo rate in tight call

20/09 South Africa's central bank left its benchmark repo rate at 6.5 percent on Thursday, with the bank's governor striking a more hawkish note than at the last rate meeting in July.  Full story

Asian stocks extend recovery as trade worries take back seat

05h45 Asian stocks extended gains on Friday after Wall Street's S&P 500 set a new all-time high, while the dollar slipped on views that Beijing's and Washington's fresh exchange of tariffs may be less damaging. . .  Full story

Australia dlr heads for biggest bounce in a year, NZD not far behind

05h36 The Australian dollar was heading for its best week in over a year on Friday as risk sentiment recovered from the latest round of Sino-U.S. tariffs and a major ratings agency upgraded its outlook. . .  Full story

Gold up on weaker dollar, heads for 1st weekly gain in four

05h08 Gold prices edged up on Friday to a one-week high as the dollar weakened on receding fears of a full-blown Sino-U.S. trade war, keeping the yellow metal on track for its first weekly gain. . .  Full story

India may look to lock in oil futures to stem rupee slide - source

05h05 India's government is planning to ask state oil firms to lock in their crude futures purchase prices, a government source said on Thursday, anticipating a spike when U.S. sanctions on Iran snap back again in. . .  Full story

S.Korean stocks inch higher as trade worries fade

04h24 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index edged higher on resurgent risk appetite across global equities as Wall Street indexes hit all-time. . .  Full story

S.Korean won, Taiwan dollar, ringgit edge higher

04h13 The following table shows rates for Asian currencies against the dollar at 0210 GMT. CURRENCIES VS U.S. DOLLAR Change as of 0210. . .  Full story

FOREX-Dollar struggles near 2-mth lows, yen sags on receding risk aversion

03h25 The dollar struggled near two-month lows, while the yen also sagged on Friday on reduced safe haven demand amid a switch in investors' view that the Sino-U.S. trade conflict would be less damaging to. . .  Full story

Cryptocurrency has hit bottom, bitcoin due for renaissance -Novogratz

20/09 Michael Novogratz, former macro hedge fund manager and founder of cryptocurrency asset management firm Galaxy Digital Capital Management, on Thursday said that the bottom in cryptocurrency prices has been reached and bitcoin is due to. . .  Full story

Argentine peso strengthens on optimism over IMF talks

20/09 The Argentine peso closed 2.9 percent stronger on Thursday, reflecting investor optimism that the recession-hit country will strike a new standby financing agreement with the International Monetary Fund aimed at guaranteeing government solvency.. . .  Full story

Stocks hit new highs as trade worries ease, dollar slips

20/09 World stock markets rallied on Thursday, with the Dow and S&P 500 setting new highs, while the U.S. dollar slipped as investors viewed this week's fresh U.S. and Chinese tariffs on imports as less. . .  Full story

Dollar dips across the board as trade war worries recede

20/09 The dollar fell across the board on Thursday as a resurgence in global risk appetite after the United States and China announced new import tariffs this week that were less harsh than expected curbed. . .  Full story

C$ strengthens to 3-month high as greenback broadly slides

20/09 The Canadian dollar strengthened to its highest in more than three months against its U.S. counterpart on Thursday as the greenback broadly fell and investors awaited clues on the prospect of a deal to. . .  Full story

Turkey slashes growth forecasts, but not enough for wary investors

20/09 Turkey sharply cut its growth forecasts for this year and next on Thursday, a reduction that failed to mollify investors who wanted a more sober assessment of the fragile economy and a sweeping plan. . .  Full story

Split South African central bank holds rates, exposing wider tensions

20/09 South Africa's central bank left its benchmark repo rate at 6.5 percent on Thursday, in a decision that exposed tensions among policymakers and within the ruling party as the country seeks to nurse an. . .  Full story

Argentine peso, equities rise on IMF talks

20/09 Argentina's peso and benchmark equities index rose sharply on Thursday amid optimism over negotiations between the country's government and the International Monetary Fund, as well as central bank measures to strengthen the currency.. . .  Full story

South African rand firms on rate hold, dollar weakness; stocks up

20/09 South Africa's rand firmed to a three-week high against the dollar on Thursday after the central bank left its benchmark repo rate unchanged and the U.S. currency slipped to its lowest. . .  Full story

-BlackRock's Fink: U.S. a short-term 'big winner' in China trade war

20/09 Larry Fink, chief executive of BlackRock, the world's largest asset manager, on Thursday said the United States is "a big winner" in the trade war with China "in the short-term," but not necessarily over time.. . .  Full story

Kenya assembly backs halving of fuel tax amid anger at living costs

20/09 Kenya's parliament on Thursday backed the halving of a new value added tax on oil products, bowing to complaints by Kenyans squeezed by high prices, but the move drew protests from. . .  Full story

Pound surges, buoyed by retail sales and Brexit hopes

20/09 Sterling added more than a cent to hit two-month highs on Thursday after forecast-beating UK retail sales data and amid growing optimism that Britain and the European Union are making progress at a summit. . .  Full story

Sri Lankan rupee hits record low for 7th session; state banks sell dollar

20/09 The Sri Lankan rupee fell 0.9 percent on Thursday to hit a record low for a seventh straight session due to dollar demand from importers and banks to facilitate foreign bond outflows, market sources. . .  Full story

SNB sees no clear exit from crisis mode as cuts inflation view

20/09 Switzerland's monetary policy will stay in crisis mode for the foreseeable future, its central bank indicated on Thursday, as it cut inflation forecasts after investors spooked by trade and political tensions abroad piled into the. . .  Full story

Asia Rice-India prices recover; low Thai rates dampen Vietnamese offers

20/09 Rice export prices in India recovered this week after demand improved, while rates for the Vietnamese variety eased despite the prospect of orders from typhoon-hit Philippines, as Thai rates were more competitive.. . .  Full story

Sri Lanka shares hit 30-month low on weak rupee, foreign selling

20/09 Sri Lankan shares dropped to their lowest close in 30 months on Thursday as foreign investors sold market heavyweight John Keells Holdings, while a weak rupee dented sentiment.. . .  Full story

Under fire Danske Bank faces fresh money laundering inquiry

20/09 Danske Bank faced a new Danish money laundering inquiry on Thursday as political anger spread over a scandal involving 200 billion euros ($234 billion) in payments, many of which were suspicious, through Estonia.. . .  Full story

Major African central banks expected to hold rates steady

20/09 Africa's major central banks are likely to leave interest rates unchanged in the coming days, responding to challenges at home rather than coping with an emerging-market currency crisis, Reuters polls. . .  Full story

Disorder, deal or dead-end: How will Brexit play out?

20/09 Britain leaves the European Union on March 29, yet little is clear: There is, so far, no divorce deal, rivals to Prime Minister Theresa May are circling and some rebels have vowed to vote. . .  Full story

Rouble at strongest since mid-Aug, stocks at record high

20/09 The Russian rouble recovered against the dollar to its strongest since mid-August and stocks hit an all-time high on Thursday, helped by Russia's month-end tax payments and globally better sentiment towards emerging markets.. . .  Full story

Indonesia aims to coax, not compel, exporters to convert dollar revenue –finmin

20/09 Indonesia's finance minister said the government aims to "persuade" exporters to keep earnings onshore and convert them into rupiah, rather than make this mandatory, amid confusion over a plan floated this week to support the. . .  Full story

Indonesian import-cutting measures could dent growth - World Bank

20/09 Efforts by Indonesian authorities to significantly narrow the current account deficit to help the rupiah might not be effective and could crimp economic growth, the World Bank said on Thursday.. . .  Full story

Rand and rouble help healing process, econ plan hobbles lira

20/09 Emerging market bargain hunters were out in force on Thursday, snapping up beaten up currencies from South Africa to Russia and driving the main global EM stocks index to a three-week high.. . .  Full story

India's curbs on 'non-essential' imports likely on Thursday - sources

20/09 India is likely to announce on Thursday curbs on imports of "non-essential" items to support the rupee, three government sources said, as Prime Minister Narendra Modi's administration scrambles to tackle growing concerns over the economy.. . .  Full story

Uganda shilling unchanged as demand from energy, manufacturing sectors slows

20/09 The Ugandan shilling was unchanged on Thursday as a recent surge in hard currency demand from energy and manufacturing firms slowed, traders said.. . .  Full story

MTN shares rise after Nigeria says reviewing information to resolve $8.1 bln dispute

20/09 Shares in South Africa's MTN rose 5 percent on Thursday, after Nigeria's central bank said on Wednesday that it was reviewing information provided by the telecoms firm and four banks over. . .  Full story

Forint retreats on lingering dispute over EU funds

20/09 The Hungarian forint eased on Thursday on fading expectations for monetary tightening and a pick-up in European Union financing inflows later this year. The forint underperformed European Union peers, shedding 0.2. . .  Full story

Norway raises rates, signals slower pace of hikes amid global uncertainty

20/09 Norway's central bank raised interest rates for the first time in seven years on Thursday amid faster economic growth and higher inflation, but said it would make only gradual hikes in the coming years. . .  Full story

Japan's top spokesman Suga, finmin Aso to retain posts - Nikkei

20/09 Japan's Chief Cabinet Secretary Yoshihide Suga and Finance Minister Taro Aso will retain their posts in a cabinet reshuffle expected in October, the Nikkei newspaper reported on Thursday.. . .  Full story

Smirnoff-maker Diageo's sales set for currency hangover

20/09 British spirits maker Diageo flagged a bigger than expected sales hit from currency movements on Thursday, an early indication of the potential impact of recent volatility on companies with emerging market revenues.. . .  Full story

Sterling extends gains after forecast-beating retail sales

20/09 Sterling rallied on Thursday after British retail sales data beat forecasts and on growing optimism that Britain and the European Union can make significant progress towards a Brexit deal at an EU leaders summit.. . .  Full story

Foreigners bought Asian bonds for 2nd month in August despite contagion fears

20/09 Foreigners bought Asian bonds for the second successive month in August, brushing off concerns over Sino-U.S. trade war and fears of contagion from Turkey and other volatile emerging markets.. . .  Full story

Asia Coffee-Vietnam demand picks up; Indonesia slows after harvest

20/09 Coffee demand picked up slightly in Vietnam this week as buyers switched destination, after supplies dropped in Asian rival Indonesia at the end of harvest, traders said on Thursday.. . .  Full story

Nigeria's central bank says reviewing information to resolve $8.1 bln MTN repatriation

20/09 Nigeria's central bank is reviewing information provided by MTN and four banks accused of helping the South African telecoms company to illegally repatriate $8.1 billion, with a view to reaching an. . .  Full story

S.Korean stocks gain as trade war concerns ease, won edges up

20/09 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index and the won rose on Thursday amid easing investor concerns about the impact of the Sino-U.S. trade war. Samsung Electronics led the gains, while. . .  Full story

Bearish bets remain as edgy investors retreat from risky Asian currencies

20/09 Bets that most Asian currencies will continue to come under pressure from a strong dollar and the intensifying Sino-U.S. trade war have risen over the last two weeks, a Reuters poll showed.. . .  Full story

Sri Lanka imposes new measure to deter vehicle imports, aid faltering rupee

20/09 The Central Bank of Sri Lanka said it had enacted a new measure to deter vehicle imports and take pressure off the rupee, which is hovering at a record low, and to restore macro-economic. . .  Full story

EXCLUSIVE-Russian oil firm seeks dollar alternative amid US sanctions threat-traders

20/09 Russian oil producer Surgutneftegaz is pushing buyers to agree to pay for oil in euros instead of dollars if the need arises, apparently as insurance against possible tougher U.S. sanctions, traders who deal with the. . .  Full story

China's yuan flat ahead of holiday but trade war remains key focus

20/09 China's yuan was little changed against the dollar on Thursday as market participants squared positions ahead of a long holiday weekend and remained cautious about developments in the Sino-U.S. trade war.. . .  Full story

Thailand shouldn't hike interest rates this year - finance minister

20/09 Thailand should not raise interest rates this year as the baht is strong, inflation remains low and a trade war is a concern, the finance minister said on Thursday.. . .  Full story

S.Korean stocks climb on electronics, biotech boost; won gains

20/09 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index climbed on Thursday, boosted by biotechnology and pharmaceutical shares after the financial regulator unveiled revised. . .  Full story

Japan hit by another cryptocurrency heist, $60 million stolen

20/09 Japanese cryptocurrency firm Tech Bureau Corp said about $60 million in digital currencies were stolen from its exchange, highlighting the industry's vulnerability despite recent efforts by authorities to make it more secure.. . .  Full story

Australian regulator cracks down on misleading digital coin offerings

20/09 Australia's corporate watchdog said on Thursday it was stepping up scrutiny on "misleading" initial coin offerings (ICOs)targeted at retail investors while adding it has already acted against several such proposals.. . .  Full story

NZ dollar spikes on strong GDP data, A$ near 3-week top

20/09 The New Zealand dollar jumped to a three-week peak on Thursday as traders trimmed the chance of a cut in official interest rates after news the country's economy sped past all expectations in the second. . .  Full story

Brazil holds interest rates, may hike if outlook worsens

20/09 Brazil's central bank on Wednesday held interest rates at an all-time low but said it could gradually raise them if the outlook worsens, highlighting how the upcoming presidential vote is increasingly weighing on monetary policy.. . .  Full story

Argentina's GDP shrinks 4.2 pct in 2nd quarter

20/09 Argentina's gross domestic product contracted 4.2 percent in the second quarter of 2018 from the same period last year and 3.9 percent from the prior quarter, government statistics agency Indec said on Wednesday.. . .  Full story

Libya imposes fee on hard currency transactions to bridge black market gap

19/09 - Libya's internationally recognised government on Wednesday imposed a fee of 183 percent on any hard currency transactions, effectively devaluing the Libyan dinar to bridge the gap to the dominating black market.. . .  Full story

LatAm currencies up after latest U.S.-China trade tariffs

19/09 Latin American currencies on Wednesday firmed slightly as investors saw the latest round of U.S-China trade tariffs as less aggressive than expected, boosting appetite for risky assets. The Brazilian real strengthened. . .  Full story

Stocks rally for a second day, setting aside trade fears

19/09 World stock markets rallied for a second straight day on Wednesday, while safe-haven assets such as U.S. bonds and the Japanese yen slipped to multi-week lows on bets the ongoing U.S.-China trade spat would. . .  Full story

Argentina says GDP shrank 4.2 pct in 2nd quarter

19/09 Argentina's gross domestic product contracted 4.2 percent in the second quarter of 2018 from the same period last year and 3.9 percent from the prior quarter, government statistics agency Indec said on Wednesday.. . .  Full story

C$ nears 3-week high on NAFTA trade deal bullishness

19/09 The Canadian dollar strengthened to its highest in nearly three weeks against its U.S. counterpart on Wednesday, as investors grew optimistic that a deal to renew the NAFTA trade pact would be reached before. . .  Full story

Britain's Brexit proposals imperfect but credible, Raab says

19/09 Britain's proposals for leaving the European Union are not perfect but they are the most credible basis for a Brexit deal, Britain's Brexit minister Dominic Raab said on Wednesday, as he reiterated calls for. . .  Full story

Dollar slips vs euro, Aussie as investors discount trade tensions

19/09 The U.S. dollar edged lower against the euro and fell to the lowest in nearly three weeks against the risk-sensitive Aussie on Wednesday, as worries over a trade row between China and the United. . .  Full story

Gold climbs as dollar weakens on U.S.-China trade dispute

19/09 Gold rose on Wednesday as the dollar weakened, indicating investors are starting to worry about the impact of the U.S.-China trade war on the U.S. economy, luring some buyers back into precious metals investments.. . .  Full story

Russian oil firm seeks dollar alternative amid US sanctions threat-traders

19/09 Russian oil producer Surgutneftegaz is pushing buyers to agree to pay for oil in euros instead of dollars if the need arises, apparently as insurance against possible tougher U.S. sanctions, traders who deal with the. . .  Full story

Turkish banks agree to help businesses with loan restructuring

19/09 Turkey's banks agreed to help businesses that are struggling to pay off debt, a move that sent shares of lenders sharply higher on Wednesday as investors bet it could ease bad loans.. . .  Full story

Egypt to sell around $5 billion in foreign currency bonds in coming months - finance minister

19/09 Egypt's plans to sell around $5 billion in foreign currency bonds in the coming months, the country's finance minister said on Wednesday.. . .  Full story

Kenya's finance minister cuts spending, money transfer taxes to rise

19/09 Kenya's Finance Minister Henry Rotich has cut the government's spending budget by 55.1 billion shillings ($546.90 million), or 1.8 percent, for the fiscal year from July this year, a Treasury document. . .  Full story

South Africa's rand firms on positive consumer inflation data

19/09 South Africa's rand gained more than 1 percent on Wednesday after better than expected inflation data cooled bets the central bank would raise lending rates at its meeting on Thursday.. . .  Full story

Sterling retreats after report on UK refusal of EU Irish border offer

19/09 Sterling erased earlier gains on Wednesday after The Times reported that Britain's Prime Minister Theresa May had rejected an improved offer from the European Union to solve the Irish border issue.. . .  Full story

ECB's Draghi calls for euro area fiscal instrument to fight crises

19/09 The euro zone needs a new fiscal instrument and more public risk-sharing to fight the sort of crises that have left lasting scars on the currency bloc's economy and society, European Central Bank President. . .  Full story

Danske Bank CEO quits over $234 bln money laundering scandal

19/09 Danske Bank's chief executive Thomas Borgen resigned on Wednesday after an investigation revealed payments totalling 200 billion euros ($234 billion) through its small Estonian branch, many of which the bank said were suspicious.. . .  Full story

Euro zone should take next steps to complete banking union - Germany's Scholz

19/09 German Finance Minister Olaf Scholz said on Wednesday that euro zone governments should agree this year on next steps for completing their banking union in order to make the single currency bloc resilient for. . .  Full story

Turkey to cut growth forecasts, sources say, in difficult balancing act with markets

19/09 Turkey will on Thursday cut its growth forecasts for this year and next amid a deep currency crisis, although the extent of next year's revision is still being debated by top government officials, sources. . .  Full story

Egypt's suez canal revenues rise to $502.2 mln in August - government website

19/09 Egypt's Suez Canal revenues rose to $502.2 million in August up 6.7 percent from the same period last year, the cabinet said in a statement on Wednesday.. . .  Full story

Kenya's finance minister cuts 2018/19 government spending by 1.8 pct

19/09 Kenya's finance minister has cut the government's spending budget by 55.1 billion shillings ($546.90 million) in the fiscal year from last June, a Treasury document showed on Wednesday.. . .  Full story

India considers dollar window for oil firms, bonds to ease rupee pressure- source

19/09 India is considering asking the central bank to offer dollars directly to oil marketing companies or through a state-run bank, a government source said on Thursday, as part of steps to stem a fall. . .  Full story

Turkey cuts investment levels for citizenship, property sales seen boosted

19/09 Turkey has slashed the financial and investment criteria for foreigners to become Turkish citizens, in a move expected to double annual property investment by foreigners to around $10 billion, according to sector officials.. . .  Full story

Zambian Kwacha falls over size of country's debt, aid freeze

19/09 Zambia's kwacha lost more than 1 percent on Wednesday, hit by investor worries about the size of nation's debt and an aid freeze by Britain and Finland over suspicion that social. . .  Full story

Lower inflation eases pressure on South Africa's central bank to match EM hikes

19/09 South African forward markets cut projections of a rate hike on Wednesday, after inflation fell, as investors bet the central bank would hold rates unlike some emerging market countries that have tightened policy to support. . .  Full story

Sri Lankan rupee hits record low for sixth session

19/09 The Sri Lankan rupee hit a record low for a sixth straight session on Wednesday due to dollar demand from importers and banks to facilitate foreign bond outflows, market sources said.. . .  Full story

Sterling falls after report on UK refusal over EU Irish border offer

19/09 Sterling gave up earlier gains and briefly hit the day's lows on Wednesday at $1.3098 after the Times reported that Britain's Prime Minister Theresa May had rejected an improved offer from EU chief negotiator. . .  Full story

India considers raising import duty on steel to support rupee-document

19/09 India's steel ministry has proposed increasing the effective import duty on some steel products to 15 percent from current rates ranging from 5 percent to 12.5 percent, according to two sources and a government document. . .  Full story

AP Moller Holding Says It Respects Danske CEO Borgen's Resignation; Praises His Work To Raise Profitability

19/09 ROBERT M. UGGLA, CEO OF A.P. MOLLER HOLDING, WHICH IS THE LARGEST SHAREHOLDER IN DANSKE BANK SAYS:. . .  Full story

China says won't weaken currency to boost exports, as U.S. tariffs mount

19/09 China will not stoop to competitive devaluation of its currency, Premier Li Keqiang stressed, hours after China hit back, with a softer punch than the one landed by the United States, in an escalating. . .  Full story

Zloty softens after industrial output growth slows

19/09 The zloty eased on Wednesday after slower industrial output growth raised expectations the Polish central bank would maintain its loose monetary policy. The zloty was 0.15 percent weaker at 4.2949 against. . .  Full story

Swiss raise 2018 growth forecast but flag global risks ahead

19/09 Switzerland's export-led economy could post its strongest growth since 2010 this year, but rising global risks like an escalating trade war pose a threat for 2019, the government said on Wednesday.. . .  Full story

Danske Bank Chairman Says He Still Has Confidence In Outgoing CEO Borgen

19/09 DANSKE BANK A/S CHAIRMAN OLE ANDERSEN SAYS AT A PRESS CONFERENCE:. . .  Full story

Bank of England tells banks and insurers to act now on LIBOR transition

19/09 British banks and insurers need to take steps now to prepare for the phasing-out of the LIBOR interest rate benchmark, the Bank of England said in a letter to chief executives on Wednesday.. . .  Full story

BOJ's Kuroda warns of trade perils, echoes Abe on exiting easy policy

19/09 Bank of Japan Governor Haruhiko Kuroda on Wednesday stressed that he won't pull the plug on monetary easing until inflation hits his 2 percent target, warning that escalating international trade disputes could inflict widespread damage. . .  Full story

Estonia's FSA says Danske report shows 'serious shortcomings' at bank

19/09 Estonia's Financial Supervision Authority (FSA) said a report by Danske Bank on Wednesday into laundering of Russian and ex-Soviet money through the Baltic country shows serious shortcomings in the bank's organisation.. . .  Full story

Emerging stocks rally for second day, FX firmer

19/09 Emerging stocks rose for a second day on Wednesday as investors bet on further stimulus from Beijing to cushion the impact of another round of trade tariffs, while the beaten-down rand and Turkish lira. . .  Full story

Thai cbank holds rates but growing vote split hints at hike soon

19/09 Thailand's central bank held its benchmark interest rate steady on Wednesday as widely expected, but a growing split among board members reinforced views that it may soon start tightening policy for the first time in. . .  Full story

Bank of England's Haldane says firms' Brexit worries "up sharply"

19/09 British businesses are more worried about Brexit uncertainty than was the case a few months ago, Bank of England chief economist Andy Haldane said on Wednesday.. . .  Full story

BOJ Governor Kuroda's comments at news conference

19/09 Japan's exports rose in August and its central bank kept its view the economy was expanding modestly, but policy makers and analysts warned of risks to the outlook from a U.S.-led trade war that. . .  Full story

Britain's "Wild West" crypto market should be regulated, say lawmakers

19/09 Britain's cryptocurrency market resembles the Wild West and should be regulated, lawmakers said on Wednesday, urging the government to bring to heel a sector plagued by volatile price swings, vulnerability to hacking and weak consumer. . .  Full story

Thai c.bank holds key rate, keeps 4.4 pct growth forecast for 2018

19/09 Thailand's central bank left its key policy rate unchanged at 1.50 percent on Wednesday, as widely expected, and maintained its forecasts for export and economic growth this year.. . .  Full story

S.Korean stocks end lower amid trade spat; won edges up

19/09 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index closed lower on Wednesday as Beijing and Washington plunged deeper into a trade war after U.S. President Donald Trump levied fresh tariffs on China.. . .  Full story

Most Asian currencies gain, peso and rupiah weaken on domestic concerns

19/09 Most Asian currencies edged higher on Wednesday, shrugging off another round of tit-for-tat exchanges in the U.S.-China trade war, while suspected central bank intervention supported the rupee. The Chinese yuan. . .  Full story

Yuan firms as China pledges no devaluation after new tariffs

19/09 The yuan edged up against the U.S. dollar on Wednesday as Premier Li Keqiang pledged China will not engage in competitive currency devaluation, a day after Beijing and Washington plunged deeper into a trade. . .  Full story