Forex

Africa development bank says risks to growth 'increasing by the day'

12h48 The U.S.-China trade war and uncertainty over Brexit pose risks to Africa's economic prospects that are "increasing by the day," the head of the African Development Bank (AfDB) told Reuters.  Full story

UK faces food, fuel and drug shortages, says contested leaked document

14h04 Britain will face shortages of fuel, food and medicine if it leaves the European Union without a transition deal, according to leaked official documents reported by the Sunday Times, but whose interpretation was contested by. . .  Full story

Argentina Treasury minister resigns, says 'significant renewal' needed amid economic crisis

01h45 Argentina´s Treasury Minister Nicolas Dujovne has resigned, saying in a letter seen by Reuters on Saturday he believed the government needed “significant renewal” in its economic team amid a crisis which saw the peso plunge. . .  Full story

Pakistan reserves increase $535 mln to $8,264.4 mln week ending Aug 9

17/08 Pakistan's foreign exchange reserves increase $535 million to $8,264.4 million in the week ending Aug 9, compared to $7,729.1 million in the previous week, the central bank said on Saturday.. . .  Full story

Latam stocks up, Argentine peso closes up before Fitch downgrade

16/08 Most Latin American stocks rose on Monday, joining a rebound in global markets on hopes of fiscal and monetary stimulus in major economies, while Argentina was handed a fresh blow as Fitch downgraded its. . .  Full story

C$ trims this week's decline as investors buy stocks

16/08 The Canadian dollar strengthened against its U.S. counterpart on Friday, with the currency rebounding from an eight-day low it hit the previous session as investor appetite for risk increased.. . .  Full story

Dollar firms, stocks soar on ECB rate cut expectations

16/08 U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared. . .  Full story

Argentina hit by Fitch downgrade to 'CCC' after shock vote

16/08 Ratings agency Fitch on Friday downgraded Argentina's sovereign debt rating from 'B' to 'CCC,' flagging an increased likelihood of a default in the wake of a shock primary election result that plunged the country. . .  Full story

Dollar flat on soft consumer sentiment, possible German stimulus

16/08 The dollar ended roughly flat on Friday, retracing the morning's move higher, after worries tied to trade tensions and a Federal Reserve rate cut weighed on consumer sentiment and a report that Germany may. . .  Full story

Fed's Mester weighing argument for U.S. rate cut

16/08 One Federal Reserve policymaker who opposed the Fed's recent rate cut is considering whether to support such a move now given risks that a U.S.-China trade war and global slowdown could derail the economy.. . .  Full story

UK finance minister aims to take advantage of cheap borrowing - Times

16/08 New British finance minister Sajid Javid is looking at how best to take advantage of record-low borrowing costs when he sets out his first budget later this year, according to an interview published late. . .  Full story

Veteran UK politicians asked to lead potential anti-Brexit government

16/08 Veteran British lawmakers from the ruling Conservative and opposition Labour parties have both said they would be willing to lead an emergency government to halt a no-deal Brexit, the leader of the pro-EU Liberal Democrats. . .  Full story

Is the clock ticking again for Argentine debt? Ask the IMF

16/08 A collapse in Argentina's peso currency this week and soaring borrowing costs have fueled investors' concern that Latin America's third-largest economy is heading for another debt restructuring.. . .  Full story

Argentina central bank faces peso test ahead of fraught election

16/08 Argentina's central bank will have to toe a politically fraught line between providing support for the crumbling peso without blasting through its reserves to salvage the currency as a presidential election looms in October, analysts. . .  Full story

Data, politics fuel big gains for pound vs euro, dlr for the week

16/08 The pound advanced broadly on Friday, notching up its biggest daily rise versus the euro in nearly five months, as a combination of news and decent data provided enough ammunition to speculators to buy. . .  Full story

Rouble falls again to lowest since May despite rising oil prices

16/08 The Russian rouble fell for the third straight day on Friday, nearing its weakest levels since early May in thin trade, as investors preferred to minimise risks ahead of the weekend amid increased uncertainty. . .  Full story

Sri Lanka shares hit one-week closing low; rupee steady

16/08 Sri Lankan shares on Friday hit their lowest close in a week as investors remained on the sidelines and sought more clarity after the main opposition party, seeking to capitalise on public clamour for. . .  Full story

Brazil's FX move paves way to reduce $385 bln reserve stash

16/08 Brazil's decision to sell dollars on the spot market for the first time in a decade is a sign the central bank is finally willing to reduce its $385 billion pile of foreign exchange. . .  Full story

Trade tensions and a weaker yuan drive Chinese crypto demand, market players say

16/08 Trade tensions between the United States and China and a weakening yuan are boosting demand for cryptocurrencies among Chinese investors, market players from Asia to New York said.. . .  Full story

-Indonesia president proposes $178 bln budget for 2020 with focus on education

16/08 Indonesian President Joko Widodo on Friday proposed a 2,528.8 trillion rupiah ($177.56 billion) budget to parliament for 2020, focusing spending on human resources, which was central in his re-election campaign.. . .  Full story

Currencies rebound as risk sentiment improves

16/08 Central European currencies gained on Friday, rebounding after China hinted at more support for its economy and Argentine leaders signalled determination to control an economic crisis. Along with other risk-sensitive emerging-market. . .  Full story

Emerging market stocks snap five-session losing run, currencies firm

16/08 Emerging market stocks gained on Friday for the first time in six sessions, helped by hopes of further stimulus in China, a factor which also helped developing world currencies hold their ground against the. . .  Full story

Thailand plans $10 bln stimulus to support economy

16/08 Thailand is planning a stimulus package worth $10 billion that will include support for farmers and tourism, its finance minister said on Friday, in a move to shore up a flagging economy.. . .  Full story

South Africa's rand firms as investors await next bout of weakness

16/08 South Africa's rand was firmer early on Friday, adding to the previous session's gains in a recovery driven mainly by investors covering their short positions in anticipation of sharper falls as. . .  Full story

Malaysia's GDP bucks regional slowdown, FX rules eased to boost liquidity

16/08 Malaysia's economy grew faster-than-expected in April-June and became the first Southeast Asian nation to report an acceleration in growth from the previous quarter, driven by stronger consumer spending and palm oil production.. . .  Full story

Most Asian FX up slightly, but set for weekly losses on recession fears

16/08 Most Asian currencies rose modestly on Friday as anxiety over a global recession eased a little, thanks to strong U.S. retail sales data, though that couldn't prevent weekly losses as riskier assets barely recovered. . .  Full story

S.Korean stocks fall on global growth worries, post 4th weekly loss

16/08 Round-up of South Korean financial markets:. . .  Full story

Yuan weakens amid dollar strength, Beijing's tariff retaliation pledge

16/08 China's yuan eased on Friday, pressured by a stronger dollar and trade worries after Beijing pledged to retaliate for the latest U.S. tariffs. Th dollar firmed after upbeat U.S. retail. . .  Full story

Malaysia Q2 current account surplus falls to 14.3 bln ringgit

16/08 Malaysia's current account surplus fell to 14.3 billion ringgit ($3.42 billion) in the second quarter from 16.4 billion ringgit in the previous three months, the central bank said on Friday.. . .  Full story

S.Korea stocks slip on global recession worries

16/08 Round-up of South Korean financial markets: ** South Korean shares dropped on Friday on global slowdown worries, fuelled by a plunge in U.S. 30-year Treasury yields. The Korean won and the. . .  Full story

Asia Rice-Vietnam struggles to find new buyers as Chinese demand dwindles

16/08 Export prices of rice from Vietnam fell this week as the country struggled to find new buyers amid waning demand from China, while a drought continued to squeeze supply in Thailand and a weak. . .  Full story

Brazil's Guedes says weaker currency no sweat, will boost exports

16/08 Brazil's Economy Minister Paulo Guedes said on Thursday the weakening of the real above 4.00 to the dollar was "absolutely" not a cause for concern and the government was prepared if the currency hits 4.10. . .  Full story

Political talks, central bank plan lift Argentina markets after grim rout

15/08 Argentine markets on Thursday bucked a dismal three-day losing streak on signs of political compromise to tackle a dizzying economic crisis and a new central bank measure to prop up a currency that had. . .  Full story

Japan surpasses China as largest non-U.S. holder of Treasuries -data

15/08 Japan overtook China as the largest non-U.S. holder of Treasuries in June, after raising its holdings to a nearly three-year high, according to U.S. Treasury department data released on Thursday.. . .  Full story

Mexico's central bank cuts rates for first time in 5 years as economy sputters

15/08 Mexico's central bank on Thursday cut its key lending rate for the first time since June 2014, citing slowing inflation and increasing slack in the economy, and fueling expectations that further monetary policy easing could. . .  Full story

Argentine peso jumps after heavy losses, Mexico central bank cuts rates

15/08 Argentina's peso jumped nearly 5% on Thursday ending a punishing three-day rout, while Mexico's peso rose after the country's central bank cut its key rate for the first time in more than 5. . .  Full story

Stocks waver, dollar recovers on renewed growth worries

15/08 The dollar recovered from early weakness but a gauge of world equity performance edged lower on Thursday as concerns about global growth offset investor optimism over a surge in U.S. retail sales last month. . .  Full story

Dollar recovers on support from robust U.S. data

15/08 The dollar recovered from early weakness against the safe-haven yen to advance modestly on Thursday as better-than-expected U.S. retail sales data tempered concerns that the U.S. economy could be headed for a recession.. . .  Full story

Sberbank converted FX proceeds from DenizBank sale in early August - sources

15/08 Russia's largest lender Sberbank sold a large amount of foreign currency for roubles in early August, three financial market sources said, around the time the currency fell sharply after fresh U.S. sanctions against Moscow and. . .  Full story

Sterling bounces as Labour prepares bid to avert no-deal Brexit

15/08 Sterling rose on Thursday to the highest in more than a week, supported by news that the opposition Labour Party was mounting a bid to bring down Prime Minister Boris Johnson and stop him. . .  Full story

Rival plans to stop no-deal Brexit clash, limiting their chances

15/08 Opposition parties launched rival campaigns to topple Prime Minister Boris Johnson and stop him taking Britain out of the European Union without a deal, illustrating fractures in the anti-Brexit movement that make neither scheme likely. . .  Full story

C$ holds near eight-day low as bets rise for rate cut

15/08 The Canadian dollar was little changed against its U.S. counterpart on Thursday but held close to an eight-day low it hit earlier in the session as investors raised bets for an interest rate cut. . .  Full story

Nigeria central bank eyes second debt sale in a week to lure foreign investors

15/08 Nigeria's central bank plans to auction 150 billion naira ($489.5 mln) of open market bills on Thursday, traders said, its second bill sale in a week as the country seeks to. . .  Full story

UK to loosen budget purse strings as Brexit nears

15/08 Prime Minister Boris Johnson's government has made billions of pounds of new spending commitments in its first three weeks in office, even before the potential costs of a disruptive, no-deal Brexit are taken into account.. . .  Full story

Sterling buoyed by economic data, prospects of averting no-deal Brexit

15/08 Sterling gained on Thursday, boosted by better-than-expected retail sales and news that Britain's opposition Labour Party had begun its bid to bring down Prime Minister Boris Johnson and stop him taking him out of the. . .  Full story

Sri Lanka shares end lower on profit-taking; rupee weakens

15/08 Sri Lankan shares closed weaker on Thursday as investors locked in profits after the recent rally in financial and industrial stocks, while the rupee edged down on importer dollar demand.. . .  Full story

Rouble drops to 66.5 vs dollar, lowest since May

15/08 The rouble fell on Thursday to its lowest level against the dollar since early May on domestic demand for hard currency in Russia and amid concerns over a global economic slowdown.. . .  Full story

Uganda central bank holds key lending rate, credit growth to support economic expansion

15/08 Uganda's central bank kept its main interest rate at 10.0% on Thursday and said an economic expansion had slowed in the first two quarters of this year but higher credit growth. . .  Full story

Germany believes no-deal Brexit 'highly likely' - Handelsblatt

15/08 Germany's government expects Britain to crash out of the European Union on Oct. 31 without a deal in place on their future relations, the Handelsblatt business daily reported on Thursday, citing a finance ministry document.. . .  Full story

Stocks fall for a fifth day as recession worries grow

15/08 Emerging-market stocks fell for a fifth straight session on Thursday as fears of a global recession grew and most currencies struggled, although the South African rand and the Turkish lira gained.. . .  Full story

Labour's Corbyn cannot lead a caretaker UK government - Liberal Democrat leader

15/08 Jeremy Corbyn, the veteran socialist leader of Britain's opposition Labour Party, cannot run an emergency government to stop a no-deal Brexit, the head of the Liberal Democrat Party Jo Swinson said on Thursday.. . .  Full story

Asia Coffee-Vietnam prices flat on week; coffee crops safe from recent flooding

15/08 Vietnam's domestic coffee prices stayed unchanged on Thursday from a week ago amid quiet trading activity, while the recent heavy rains in the country's largest coffee-growing area did not cause any damage to the crops.. . .  Full story

Norway holds rates unchanged, says outlook more uncertain

15/08 Norway's central bank kept its main interest rate unchanged on Thursday, as expected, and said the policy outlook had become more uncertain amid rising global risks.. . .  Full story

Some Conservative lawmakers open to Corbyn Brexit talks - Sky

15/08 Four senior lawmakers who are opposed to a no-deal Brexit are open to discussing the leader of the opposition's plan to try to bring down Prime Minister Boris Johnson, Sky News reported on Thursday.. . .  Full story

Thai Q2 GDP growth seen weakest in 4-1/2 years as exports tumble

15/08 Thailand's economic growth likely slowed in April-June from the prior three months, with the annual pace the weakest for any quarter in four and a half years, amid cooling global demand and trade tensions,. . .  Full story

Markets steady after falls, sentiment still shaky

15/08 Central European currencies and stocks steadied on Thursday after falls in the previous session in negative global investor sentiment and on data signalling a slowdown in the eastern region's fast-growing economies.. . .  Full story

DEAL BREXIT

15/08 . . .  Full story

Bitcoin slumps to two-week low on technical trading, market jitters

15/08 Bitcoin extended losses on Thursday after suffering its worst day for a month on Wednesday, with traders citing factors ranging from technical trading to jitters in traditional markets washing into cryptocurrency trading.. . .  Full story

South African rand and shares bounce from sharp losses

15/08 The South African rand firmed early on Thursday, pulling back from a slide to its lowest in nearly 11 months as investors digested signs of global economic recession and looked to. . .  Full story

Nigeria holds treasury auction after FX ban for food imports

15/08 The Nigerian central bank held a treasury auction on Wednesday to try to lure foreign investors, traders said, hours after it was announced that the president told the bank to ban. . .  Full story

Bears prey on most Asian currencies as growth fears rage on

15/08 Sentiment towards most Asian currencies worsened in the past two weeks, a Reuters poll showed, as a bitter tariff war between the world's two biggest economies sent investors scurrying to safer assets, raised doubts. . .  Full story

Yuan eases as Trump's remarks on Hong Kong complicate trade talks

15/08 The yuan edged lower on Thursday as optimism around recovering U.S.-China trade relations waned with no clear signs of fresh progress, keeping the currency in a tight range. Complicating the negotiations,. . .  Full story

Canada's yield curve inversion turns up pressure on central bank to cut rates

15/08 Inversion of Canada's yield curve by the most in nearly two decades is threatening to coerce the Bank of Canada to cut interest rates rather than risk an economic downturn, portfolio managers said on. . .  Full story

Australia dlr gets rare lift from strong jobs data, yields still fall

15/08 The Australian dollar struggled under the weight of worldwide economic anxiety on Thursday even as domestic data showed jobs jumped past expectations in July and lessened the risk of a rate cut in the. . .  Full story

Australia unemployment stubborn even as jobs jump in July

15/08 Australian employment surged past expectations in July as firms kept hiring despite worries of an economic slowdown, yet the jobless rate stayed stubbornly stuck at 5.2% as more people went looking for work.. . .  Full story

Japan finmin Aso says he hopes markets will calm down

15/08 Japanese Finance Minister Taro Aso said on Thursday that volatility was high in financial markets and that he hoped markets would calm down.. . .  Full story

Motegi says aiming for U.S.-Japan trade talks Aug 21-22 - Jiji

15/08 Japanese Economy Minister Toshimitsu Motegi said on Thursday that Japan and the United States were aiming to hold trade talks in Washington on Aug. 21-22, Jiji Press reported.. . .  Full story

Brazil to sell dollars outright for first time since 2009

15/08 Brazil's central bank said on Wednesday it would sell dollars outright in the spot currency market this month for the first time in over a decade, changing its regular market operations in response to. . .  Full story

UK offers $30 mln contract to maintain drug supply after Brexit

15/08 Britain is asking logistics providers to bid for a 25 million pound ($30 million) express freight contract to deliver medicines into the country on a daily basis after it has left the European Union. . .  Full story

EXCLUSIVE-China curbs gold imports as trade war heats up

15/08 China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could be aimed at curbing outflows of dollars and bolstering. . .  Full story

As election looms, Argentina's Macri announces relief measures after years of spending cuts

14/08 Argentine President Mauricio Macri on Wednesday unveiled a package of welfare subsidies and tax cuts for lower-income workers to lessen the pain of an economic crisis months before elections, but his announcement failed to halt. . .  Full story

Stocks, oil plunge on growing signs of global slowdown

14/08 Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a U.S. recession that was heightened by data showing Germany's economy. . .  Full story

Argentina presidential front-runner says he won't spark default

14/08 Argentine center-left presidential front-runner Alberto Fernandez said on Wednesday that his policies would not lead to a debt default, adding that in a call with President Mauricio Macri, both agreed they wanted market volatility to. . .  Full story

Recession fears plague Latam markets, Argentina peso slides further

14/08 Latin American markets were no exception to a slump across markets on Wednesday on rising fears of a looming recession, while Argentina's peso showed no signs of stabilizing despite the president's attempts to calm. . .  Full story

Yen, dollar higher as safe-havens benefit from recession fears

14/08 The Japanese yen and U.S. dollar index were higher on Wednesday after the U.S. Treasury bond yield curve inverted for the first time since 2007 and investors, gripped by fear of a looming global. . .  Full story

Gold rises as global recession fears lift safe-haven appeal

14/08 Gold rose over 1% on Wednesday as an inverted U.S. Treasury yield curve and weak euro zone data stoked fears of a global economic recession and drove investors toward safe-haven bullion.. . .  Full story

China curbs gold imports as trade war heats up

14/08 China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could be aimed at curbing outflows of dollars and bolstering. . .  Full story

British inflation data offers support to struggling pound

14/08 The pound edged higher on Wednesday after inflation picked up in July, but the currency held within sight of a two-and-a-half year low as brewing concerns about a no-deal Brexit weighed on investor. . .  Full story

ECB tells UK banks to speed up staff moves to EU as Brexit looms

14/08 UK banks are significantly behind schedule in moving staff to the European Union ahead of Brexit and risk being caught off guard if Britain leaves without a deal, the European Central Bank said on. . .  Full story

Barclays ends partnership with cryptocurrency exchange Coinbase- sources

14/08 Barclays is no longer providing banking services to major cryptocurrency exchange Coinbase, sources familiar with the matter told Reuters, ending a relationship that started in March last year as the exchange expanded in Europe.. . .  Full story

U.S. yield curve inversion highlights recession fears, Fed dilemma

14/08 When the U.S. Federal Reserve cut interest rates last month for the first time in more than a decade, it signaled that further reductions in borrowing costs might not be needed. Bond markets vehemently. . .  Full story

Sales of food, cars slow in Argentina after peso crash as election looms

14/08 Sales of everything from cars to food and beauty products slowed in Argentina following a collapse in the peso currency, as suppliers held back shipments while trying to calculate how the devaluation will affect consumer. . .  Full story

'Collaborators' are undermining Britain's Brexit bet, PM says

14/08 Prime Minister Boris Johnson said on Wednesday some British lawmakers hoping to block Brexit were engaged in "terrible" collaboration with the European Union by undermining London's negotiating hand and so making no deal more likely.. . .  Full story

South African stocks approach six months low as recession fears rise

14/08 South African stocks slipped to a near six-month low on Wednesday after the U.S. Treasury bond yield curve inverted for the first time since 2007, reflecting concerns over the outlook for. . .  Full story