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Forex

South African central bank holds repo rate at 6.5 percent

16h27 South Africa's central bank kept its benchmark repo rate on hold in a unanimous decision by the Monetary Policy Committee (MPC) members on Thursday, saying risks to the consumer price inflation outlook have tilted to the upside.  Full story

Latam markets sink on global uncertainty, Petrobras shares slide

23h29 Brazilian stocks fell for a second day on Thursday, pressured by national oil company Petrobras, while other Latin American markets were also down after the United States canceled a North Korea summit and proposed exploring. . .  Full story

As lira tumbled, Turkey's prime minister won Erdogan over for rate hike

23h10 It took days of preparation by Turkey's top economic ministers and intervention by the prime minister to convince President Tayyip Erdogan of the need for a sharp increase in interest rates, three people familiar. . .  Full story

Nixed U.S.-N.Korea meeting, trade fears sink global shares

22h52 Shares sank worldwide on Thursday as U.S. President Donald Trump canceled a planned June meeting with North Korean leader Kim Jong Un, while tariff fears hit auto stocks and safety buying ramped up.. . .  Full story

C$ hits 9-day low as oil prices fall, U.S. mulls auto tariffs

22h42 The Canadian dollar weakened to a more than one-week low against its U.S. counterpart on Thursday, pressured by lower oil prices and the potential imposition of U.S. tariffs on auto imports.. . .  Full story

Euro zone to decide terms of Greek bailout exit, debt relief in June

22h20 Euro zone finance ministers will decide next month on all measures, including further debt relief, needed for Greece to exit its bailout successfully, their chairman said on Thursday.. . .  Full story

Dollar weakens as Trump nixes N. Korea summit

21h54 The dollar slipped against a basket of currencies on Thursday and hit a two-week low against the Japanese yen, after U.S. President Donald Trump scrapped a summit meeting with North Korean leader Kim Jong. . .  Full story

Gold jumps, dollar falls after Trump cancels N.Korea summit

19h41 Gold prices surged on Thursday, propelled above $1,300 per ounce as the U.S. dollar faded after U.S. President Donald Trump called off a summit with North Korea, stoking political tensions.. . .  Full story

Turkish lira weakens sharply, surrendering some post-rate hike gains

17h46 Turkey's lira weakened more than 3 percent on Thursday, giving up a large chunk of the gains it made after the central bank raised interest rates by 300 points a day earlier, as investors. . .  Full story

Scrapped N.Korea summit could raise U.S. uncertainty -Fed official

17h16 President Donald Trump's decision to cancel a planned summit with North Korea's leader is surprising and could raise more questions for U.S. businesses already uncertain about the direction of White House policy, a top. . .  Full story

About $1.2 billion in cryptocurrency stolen since 2017 -cybercrime group

16h56 Criminals have stolen about $1.2 billion in cryptocurrencies since the beginning of 2017, as bitcoin's popularity and the emergence of more than 1,500 digital tokens have put the spotlight on the unregulated sector, according to. . .  Full story

Bonds sell smoothly on relief from Fed minutes, Turkey

15h33 Central European assets firmed across the board on Thursday as Hungary, Romania and Poland smoothly sold government bonds at their auctions after a surge in yield levels this month. Hungary sold. . .  Full story

AFRICA-FX-Most African currencies seen on back foot

15h03 The currencies of Nigeria, Kenya, Uganda and Zambia are expected to come under pressure against the dollar next week while those of Ghana and Tanzania are expected to be steady.. . .  Full story

Argentines brace for crisis as nation again seeks IMF help

15h00 Maria Florencia Humano opened a clothing store in 2016, convinced that Argentina‚Äôs long history of economic crises had ended under pro-business President Mauricio Macri.. . .  Full story

U.S. launches criminal probe into bitcoin price manipulation -Bloomberg

14h12 The U.S. Department of Justice has launched a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, Bloomberg reported https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe on Thursday.. . .  Full story

Sri Lankan rupee falls on importer dollar demand

14h10 The Sri Lankan rupee fell on Thursday on importer dollar demand, while exporters stayed on the sidelines on expectation the currency would weaken further in line with other emerging markets.. . .  Full story

ECB sees 'clouds', potential for further slowdown

14h04 The euro zone economy continues to motor ahead but a more pronounced slowdown is possible and political uncertainty in places like Italy could undermine confidence, European Central Bank policymakers said on Thursday.. . .  Full story

Asia Rice-Indian prices ease to lowest in a year as rupee slides

14h02 Rice prices in India fell for the third straight week to their lowest level in a year as the rupee slipped to a 16-month low, while markets in other top exporters remained relatively muted.. . .  Full story

Pakistan reserves decrease $479 mln to $10,320 mln week ending May 18

13h43 Pakistan's foreign exchange reserves decrease $479 million to $10,320 million in the week ending May 18, compared to $10,789 million in the previous week, central bank said on Thursday. RESERVES. . .  Full story

Further moderation in euro zone growth possible: ECB minutes

13h30 Euro zone growth could slow further and uncertainty is on the rise but the bloc's expansion remains solid and broad-based, European Central Bank policymakers concluded in April, the minutes of the meeting showed on Thursday.. . .  Full story

Song remains the same as bond traders, European banks struggle: McGeever

12h49 The first quarter of 2018 was a rollercoaster for investment banks, involving record highs for stocks, the biggest bout of market volatility in years and the strongest ever start to a year for merger. . .  Full story

Philippines cuts bank reserve ratio, could add pressure on peso

12h44 The Philippine central bank on Thursday cut the reserve requirement ratio for banks for the second time this year, a move that could put more pressure on a peso that has slumped to a. . .  Full story

Russia sticking to rate cut plan despite U.S. sanctions - C.bank

12h06 The Russian central bank is sticking to its plan to trim rates further as the economy and the financial system have already adapted to the latest U.S. sanctions, Central Bank Governor Elvira Nabiullina said. . .  Full story

Commerzbank demonstrates first German corporate FX deal on blockchain

11h51 Commerzbank and Thyssenkrupp have replicated a foreign exchange transaction using blockchain, the first such deal involving a large German company which proponents say could make doing business cheaper and quicker.. . .  Full story

Emerging stocks bounce, no respite for Turkish lira

11h34 Turkey's lira suffered another fall on Thursday, more than wiping out the gains made in the wake of Wednesday's emergency rate hike, while wider emerging markets booked cautious gains thanks to a lacklustre dollar. . .  Full story

Fed and Bank of England tell markets to step up shift from Libor

11h32 The U.S. Federal Reserve and Bank of England on Thursday urged global financial markets to step up efforts to shift from the scandal-plagued Libor reference rate to alternative interest rate benchmarks.. . .  Full story

Procter & Gamble commits to Russia despite rising risks

09h47 U.S. consumer goods group Procter & Gamble (P&G) will keep investing in Russian plants in 2018 and beyond, reaffirming its commitment to the market despite political risks.. . .  Full story

Asia Coffee-Indonesia premiums narrow further, weather supportive in Vietnam

09h44 Indonesia's coffee premiums narrowed further on expectations of an increase in supply ahead of this year's harvest, while in Vietnam weather conditions are positive for coffee growers but trade remains slow on tight supplies.. . .  Full story

South Africa's rand slips in EM squeeze ahead of local rates decision

09h17 South Africa's rand weakened early on Thursday, pressured by an expected hawkish tone at the local central bank's policy meeting after a sharp increase in consumer prices.. . .  Full story

Construction, consumption drive German growth in first quarter

09h05 Weaker exports held back German economic growth in the first quarter, which was driven solely by construction, company investments in machinery and equipment and household spending, data showed on Thursday.. . .  Full story

Indonesia's new c.bank governor pledges focus on rupiah stability

09h02 Indonesia's newly sworn in central bank governor on Thursday promised to use interest rate policy to stabilise the rupiah currency in the near term and to be "more pre-emptive" and ahead of the curve. . .  Full story

BOJ member warns against overly stimulating demand with easy policy

08h55 Bank of Japan board member Makoto Sakurai said on Thursday excessive monetary easing could destabilise the economy and suggested the central bank could whittle down its massive stimulus programme if growth continues to strengthen.. . .  Full story

COLUMN-Populism surge intensifies spotlight on economic, market orthodoxy: McGeever

08h54 The leader of the free world is trash-talking globalisation and advocating trade tariffs, another president says inflation is caused by high interest rates, and the incoming government of a G7 country wants 250 billion euros. . .  Full story

S.Korean stocks edge down, won holds steady

08h47 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index weakened on Thursday. The Korean won held steady, while bond yields fell.. . .  Full story

Tumbling lira casts shadow over Erdogan's June election

08h27 Running a market stall in Istanbul's working class Fatih district, Ozgur Kamis struggles to make a living as the cost of his stock rises day by day - and he reckons it will only. . .  Full story

Most Asian currencies gain as dollar pulls back on Fed minutes, tariff threats

08h21 Most emerging Asian currencies strengthened on Thursday as the dollar weakened following seemingly dovish minutes from the Federal Reserve's last policy meeting and possible new U.S. tariffs. While the minutes showed. . .  Full story

China's premier gives vote of confidence to euro currency, debt

07h49 China is a long-term and responsible investor in the euro and hopes the currency will be strong and steady, in spite of the occasional sovereign debt crisis in Europe, Premier Li Keqiang said on. . .  Full story