Forex

Zimbabwe hikes fuel prices again; new currency slides

21/05 Zimbabwe hiked fuel prices by around half on Tuesday, the second sharp rise in four months, a day after the central bank effectively removed a subsidy by ending oil importers' access to U.S. dollars at a favourable rate.  Full story

Asia stocks grapple with trade anxiety even as Huawei gets reprieve

07h17 Asian stocks struggled for traction on Wednesday, as relief over Washington's temporary relaxation of curbs against China's Huawei Technologies failed to offset deeper worries about an intensifying trade war between the world's two largest economies.. . .  Full story

Yuan inches lower, but losses capped as PBOC flags more bill sales in Hong Kong

07h11 China's yuan inched lower against the dollar on Wednesday, but the overall downward pressure on the local currency was mild as the central bank signaled its determination to prevent any sharp falls.. . .  Full story

Fed may cut rates if inflation keeps disappointing - Bullard

07h05 Further weakness in inflation could prompt the U.S. Federal Reserve to cut interest rates, even if economic growth maintains its momentum, James Bullard, President of the Federal Reserve Bank of St. Louis, said on Wednesday.. . .  Full story

India stocks to climb a bit more if Modi wins decisively

06h05 Indian shares will reach a new record high by end-year, a Reuters poll of strategists showed, building on an election-driven rally in which investors have bet the ruling party will retain power and continue. . .  Full story

Dollar treads water near 3-1/2-week high, backed by higher U.S. yields

05h47 The dollar largely kept to familiar trading ranges on Wednesday, as it found support near a 3-1/2-week high on higher U.S. yields after the United States eased trade restrictions on Chinese telecommunications equipment maker Huawei. . .  Full story

Australian dlr shackled as market locks in two rate cuts

05h04 The Australian dollar huddled near five-month lows on Wednesday as investors piled into wagers for two cuts in interest rates this year, and even the chance of a third in 2020.. . .  Full story

Reflationist-minded BOJ policymaker calls for more stimulus 'without delay'

04h51 Bank of Japan board member Yutaka Harada said on Wednesday the central bank must ramp up stimulus "without delay" if a slowdown in the economy hampers achievement of its price target.. . .  Full story

S.Korea stocks retreat on report U.S. may add curbs on another Chinese co

04h03 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index is trading down on Wednesday as heightened fears over Sino-U.S.. . .  Full story

Thai baht weakens; most units little changed

03h44 The following table shows rates for Asian currencies against the dollar at 0141 GMT. CURRENCIES VS U.S. DOLLAR Japan yen. . .  Full story

Global dairy prices fall, ending record gaining streak

01h24 Global dairy prices slipped at a fortnightly auction held early on Wednesday, snapping a record gaining streak.. . .  Full story

Global stocks rally as U.S. eases Huawei restrictions

21/05 The dollar rose and global equity markets advanced on Tuesday, led by chipmakers and companies exposed to Asia, after the United States temporarily eased trade restrictions on China's Huawei Technologies Co Ltd .. . .  Full story

C$ posts 11-day high as Canada exits crosshairs of global trade war

21/05 The Canadian dollar strengthened to an 11-day high against the greenback on Tuesday as investors calculated that the threat of trade uncertainty would ease for Canada even as they ramped up on countries with. . .  Full story

EMERGING MARKETS-Latin American currencies firm against stronger dollar

21/05 Most Latin American currencies firmed on Tuesday, with Mexico's peso cutting some losses to trade marginally higher against a stronger dollar. President Andres Manuel Lopez Obrador on Monday said. . .  Full story

Dollar higher against euro, yen; Brexit drama whipsaws sterling

21/05 The U.S. dollar was higher against the euro and the yen on Tuesday in a day of risk-on trades after U.S. President Donald Trump temporarily eased curbs on China's Huawei Technologies Co Ltd.. . .  Full story

Sterling firm after May proposes "new" Brexit deal

21/05 Sterling briefly jumped more than half a percent on Tuesday after Prime Minister Theresa May set out on Tuesday a "new deal" for Brexit, offering sweeteners to opposition parties including a parliamentary vote on. . .  Full story

Turkey: Where to go when the cash runs low

21/05 Turkey is struggling to support the ailing lira, which has lost more than 40% of its value over the past two years, and with foreign currency reserves running low, investors are trying to map. . .  Full story

Egyptian government debt surges in 2018

21/05 Egypt's government debt surged to around $339 billion in the year to end-December, the central bank said on Tuesday, but economists say the borrowing remains within relatively safe limits.. . .  Full story

Russia may cut OFZ bond offerings in H2 - finance ministry

21/05 Russia may reduce its offering of government bonds, known as OFZ, in the second half of the year as the finance ministry is fulfilling its borrowing plan faster than expected, the head of the. . .  Full story

Nigeria central bank holds benchmark interest rate

21/05 Nigeria's central bank held its benchmark interest rate at 13.5%, its governor Godwin Emefiele said on Tuesday, after a surprise 0.5 percentage point cut at the previous meeting.. . .  Full story

Nigeria central bank holds benchmark interest rate at 13.5 pct

21/05 Nigeria's central bank held its benchmark interest rate at 13.5%, its governor Godwin Emefiele said on Tuesday, after a surprise 0.5 percentage point cut at the previous meeting.. . .  Full story

Zimbabwe's new currency drops 31% after fuel subsidy ended - traders

21/05 Zimbabwe's RTGS dollar currency on Tuesday traded 31% weaker against the U.S. dollar on the official interbank market, its biggest one-day fall since Feb 22, traders said.. . .  Full story

What would a UK Labour Party government nationalise, and how?

21/05 Britain's opposition Labour Party wants to nationalise energy and water infrastructure if it can oust Prime Minister Theresa May's ruling Conservatives from power, reversing decades of pro-privatisation public policy.. . .  Full story

Sri Lanka stocks edge higher on local buying; rupee firmer

21/05 Sri Lankan shares closed higher for a third straight session on Tuesday, moving further away from a near seven-year closing low hit last week, as local investors bought beaten-down stocks. ** Traders, however, said sectarian. . .  Full story

Turkey battles on several fronts to defend its lira

21/05 Turkey has marshalled its state lenders and central bank to curb a selloff in the lira since late March that has threatened to trigger a repetition of last year's full-blown currency crisis, which tipped. . .  Full story

Pound at 4-month lows as political clouds gather

21/05 Sterling fell below $1.27 for the first time since mid-January, battered by dollar strength and growing fears that UK Prime Minister Theresa May will fail to persuade cabinet colleagues to back an amended version. . .  Full story

Forint leads easing with central bank seen holding fire

21/05 Central European currencies eased on Tuesday on global dollar buying, with the forint leading the way on growing expectations that rising inflation will not prompt a tightening of monetary policy in Hungary.. . .  Full story

Turkish lira weakens after cenbank repos resume, FX purchase move

21/05 The Turkish lira weakened on Tuesday after the central bank lowered the swap market lira interest rate and held a repo auction for the first time in nearly two weeks, reversing a policy tightening. . .  Full story

Pakistan rupee continues to slide, reaches another record low

21/05 Pakistan's rupee reached a new record low on Monday, selling at 153 against the dollar in the interbank market to continue a slide that saw it lose more than 5% last week in the. . .  Full story

Thai Q1 GDP growth slows to weakest in over 4 years, outlook murky

21/05 Thailand's economy grew at its slowest pace in more than four years in the first quarter, and by less than expected, hurt by a drop in exports and public investment.. . .  Full story

Some euro zone banks need extra buffers amid slowdown: ECB

21/05 With euro zone growth slowing, several countries should force their banks to build extra capital buffers to mitigate the risk of unexpected shocks, European Central Bank Vice President Luis de Guindos said on Tuesday.. . .  Full story

Emerging stocks, FX soften as trade war concerns persist

21/05 Emerging market shares on Tuesday gave up early gains logged on some relief on the Sino-U.S trade front, while developing world currencies also weakened on fears the protracted trade war may have already begun. . .  Full story

Firmer dollar and Brexit fears push sterling under $1.27

21/05 Sterling fell below $1.27 for the first time since mid-January, battered by dollar strength and expectations that Prime Minister Theresa May will fail to persuade cabinet colleagues to back an amended version of her Brexit. . .  Full story

Rand weakens in cautious trade ahead of inflation, rates decision

21/05 South Africa's rand backtracked on Tuesday, surrendering the previous session's small gains in cautious trade as investors awaited key data release later in the week.. . .  Full story

Australia c.bank looks set to cut rates in June as growth sputters

21/05 Australia's central bank will consider cutting interest rates next month, Governor Philip Lowe said on Tuesday as the resource-rich economy looked set to join some of its global counterparts in easing financial conditions to. . .  Full story

S.Korean stocks close higher on foreign buying; Samsung Elec leads

21/05 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index ended firmer on Tuesday as foreigners turned net buyers, snapping eight sessions of net selling, with gains in heavyweight Samsung Electronics underpinning the benchmark.. . .  Full story

Egypt's central bank expected to hold key rates steady

21/05 Egypt's central bank is expected to keep interest rates steady at its meeting on Thursday, a Reuters poll showed on Tuesday, with most analysts saying a cut is unlikely ahead of. . .  Full story

Thai baht hit by weak GDP data; yuan up as US eases curbs on Huawei

21/05 The Thai baht on Tuesday slipped to its weakest level in nearly two weeks on soft economic data, underperforming most of its counterparts which were relieved by Washington's decision to ease some of its. . .  Full story

Yuan edges up as U.S. eases restrictions on Huawei

21/05 China's yuan firmed against the dollar on Tuesday, as sentiment improved slightly after Washington temporarily eased restrictions on Huawei, while a firmer-than-expected official midpoint discouraged bets against the renminbi. The U.S. government. . .  Full story

Australian dollar upended as RBA talks of June rate cut

21/05 The Australian dollar slid on Tuesday after the country's top central banker said interest rates might be cut as soon as next month, leading investors to wager an imminent easing was all but a. . .  Full story

Australia's c.bank tilts to clear easing bias as unemployment rises

21/05 Australia's central bank is set to cut interest rates if the labour market fails to show signs of improvement, an outcome brought closer by recent disappointing data on unemployment.. . .  Full story

S.Korea stocks rise as foreigners buy; Samsung Electronics leads gain

21/05 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index rose on Tuesday as foreigners bought local stocks, with the. . .  Full story

Worries of longer, costlier U.S.-China trade war hits markets

20/05 Worries that the United States and China were digging in for a longer, costlier trade war weighed on financial markets on Monday as Beijing accused Washington of harboring "extravagant expectations" for a deal to end. . .  Full story

Stocks slide as worries about Huawei fallout mount

20/05 Global equity markets fell on Monday as a U.S. crackdown on China's Huawei Technologies led chipmaker stocks in Europe and on Wall Street to slide on fears of a widening trade war, while. . .  Full story

UK's Hammond: Backing a 'no deal' Brexit means deliberately harming economy

20/05 British finance minister Philip Hammond will on Tuesday warn that those pushing for Britain to leave the European Union without a deal would be doing deliberate damage to the British economy.. . .  Full story

Latam stocks rise, Bovespa gains on reform hopes

20/05 A Latin American stocks benchmark rose on Monday, boosted by shares in index heavyweight Brazil, while Latin American currencies were pressured by the dollar, with risk appetite capped by fears of worsening U.S.-China trade ties.. . .  Full story

Dollar holds awaiting signals on trade, Fed policy

20/05 The U.S. dollar was roughly unchanged Monday as investors held off on making big moves while awaiting developments in U.S-China trade negotiations and insight into the Federal Reserve's thinking on interest-rate policy.. . .  Full story

Turkey imposes settlement delay on FX purchases more than $100,000

20/05 Turkey's BDDK banking watchdog on Monday imposed a settlement delay for FX purchases by individuals of more than $100,000, a move that could raise concerns about capital control in the country as it looks protect. . .  Full story

Full-blown trade war will push world towards recession - Morgan Stanley

20/05 A collapse of U.S.-China trade talks and hike in tariffs on Chinese goods would push the world economy towards recession and see the Federal Reserve cut U.S. interest rates back to zero within a. . .  Full story

Sterling inches off lows after biggest weekly drop this year

20/05 Sterling inched away from its weakest levels since January on Monday as Britain's prime minister made a last-ditch bid to get a Brexit deal through parliament before she leaves office, though scepticism from the opposition. . .  Full story

Stocks join wider European fall, forint remains fragile

20/05 Central European stocks fell on Monday amid souring market sentiment after German chipmaker Infineon halted shipments to Huawei Technologies in the face of a U.S. crackdown on the Chinese firm, and Ryanair issued a profit. . .  Full story

Russian c.bank lowers U.S. dollars share in reserves due to possible risks

20/05 Russia's central bank has lowered the share of dollars in its reserves because of the external risks the country could face, First Deputy Governor Ksenia Yudayeva said on Monday.. . .  Full story

Indian stocks see biggest gain since Sept 2013; bonds, rupee rally

20/05 Indian stocks saw their biggest single-day gain since September 2013 on Monday while the rupee and bonds rallied after exit polls showed Prime Minister Narendra Modi was set to win a second term with. . .  Full story

Tainted oil hits Russian revenues but rouble immune for now

20/05 Russia suffered a $1 billion shortfall in export revenues in the first two weeks of May after the discovery of contaminated oil disrupted pipeline flows to Europe, a Reuters calculation showed.. . .  Full story

UK ministers to consider merits of indicative Brexit votes

20/05 Senior ministers will consider the merits of whether lawmakers should hold indicative votes on Brexit options when Prime Minister Theresa May's cabinet meets on Tuesday, her spokesman said.. . .  Full story

China commercial banks' net forex sales rise to $11 bln in April

20/05 China's commercial banks sold a net $11 billion of foreign exchange in April, compared with a net sale of $6.1 billion in March, the foreign exchange regulator said on Monday.. . .  Full story

Stocks rebound, Indian markets cheer exit polls showing Modi win

20/05 Emerging market stocks and currencies rose on Monday, with Indian assets cheering exit polls suggesting a victory for the ruling party in general elections, while the intensifying Sino-U.S. trade war kept the pressure on Chinese. . .  Full story

Sterling rises off 5-month lows after biggest weekly drop this year

20/05 Sterling inched above five-month lows on Monday as British Prime Minister Theresa May makes a last-ditch attempt to get a Brexit deal through parliament before she leaves office, though scepticism from the opposition Labour Party. . .  Full story

South Africa's rand firmer as risk selloff pauses

20/05 South Africa's rand rose early on Monday after a sharp slide in the previous week as a sell-off in risk assets globally slowed, with investors positioning for an event-packed week.. . .  Full story

S.Korean stocks retreat as foreigners turn net sellers

20/05 Round-up of South Korean financial markets:. . .  Full story

Indian rupee surges on exit polls showing easy win for ruling party

20/05 The Indian rupee on Monday strengthened over 1 percent after exit polls suggested the country's just-concluded general election will give a fresh mandate to the coalition led by Prime Minister Narendra Modi.. . .  Full story

Yuan off 5-1/2-mth low after c.bank vows to keep currency stable

20/05 China's yuan bounced from a 5-1/2-month low against the U.S. dollar hit last week, helped by a firmer-than-expected midpoint and the central bank's pledge to keep the currency stable. Prior to. . .  Full story

S.Korean authorities watching FX market for destabilising trades - official

20/05 South Korea's finance ministry official in charge of currency markets on Monday said he is watching trades to see if large-scale transactions, or herd-like behaviour causes distortions in the dollar-won exchange rate.. . .  Full story

Trump says tariffs making companies leave China, a deal can't be '50-50'

20/05 U.S. President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any agreement with China cannot. . .  Full story

S.Korea stocks climb on buying by foreigners

20/05 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index rose on Monday after foreigners turned net buyers, with most. . .  Full story

Australian dlr gets election lift; rate cuts still loom

20/05 The Australian dollar firmed on Monday in the wake of a surprise election victory by the country's conservative government, although the gains were pared in the face of Sino-U.S. trade tensions and bets for. . .  Full story

-China's central bank won't let yuan weaken past 7 to the dollar-sources

20/05 China's central bank will use foreign exchange intervention and monetary policy tools to stop the yuan weakening past the key 7-per-dollar level in the near-term, three people familiar with the central bank's thinking said.. . .  Full story

Australian dollar jumps on surprise Liberal election victory

19/05 The Australian dollar jumped on Monday as markets responded to the surprise election victory of the country's conservative government in a national poll held over the weekend.. . .  Full story

Exit polls cheer India's ruling party; markets set to rally

19/05 Indian equities, rupee and bonds are set to rally on Monday after almost all exit polls suggested that the Prime Minister Narendra Modi-led National Democratic Alliance (NDA) was likely to secure a clear mandate at. . .  Full story

China's central bank says to keep yuan stable, in balanced range

19/05 China's central bank will maintain basic stability of the yuan exchange rate within a reasonable and balanced range, according to comments posted on its website on Sunday.. . .  Full story

Zimbabwe central bank says it secures $500 million to ease dollar shortages

19/05 Zimbabwe's central bank has secured a $500 million loan from unspecified international banks to support interbank currency trading from Monday and ease a dollar crunch that has brought fuel and medicine. . .  Full story

Merkel says Croatia's euro ambitions very realistic

18/05 German chancellor Angela Merkel said on Saturday Croatia was well on track to join the European common currency by 2024, citing the youngest EU member's economic development.. . .  Full story

As Fed seeks policy advice, officials visit a struggling New Jersey city

18/05 Two top Federal Reserve officials went to Camden, New Jersey, on Friday, taking a different reading of the pulse of the U.S. economy by visiting what is by one measure the country's lowest-income city, as. . .  Full story

Latam FX drops, Brazil's real clocks 8-month closing low

17/05 Latin American currencies softened on Friday against a robust dollar amid rising U.S.-China tensions, with Brazil's real facing intense selling pressure as investors' concerns about growth in Latin America's top economy gathered steam.. . .  Full story

Fed's Harker in no rush on rates, worried about low inflation expectations

17/05 A top Federal Reserve official on Friday said he is worried that falling inflation expectations could make it harder for the U.S. central bank to do its job but that he still sees "at. . .  Full story

Fresh trade uncertainty rattles stocks, hits yuan

17/05 A major global stocks index fell on Friday and the Chinese yuan weakened as financial markets were again jostled by uncertainty over global trade tensions.. . .  Full story

Dollar gains as European concerns hurt euro, sterling

17/05 The dollar rose on Friday as concern about next week's European parliamentary elections dented demand for the euro, while the British pound dropped to a four-month low on worries about Britain's exit from the. . .  Full story

Overstock CEO says he had to sell shares to supplement his pay

17/05 Overstock.com Inc Chief Executive Officer Patrick Byrne lashed out on Friday at investors who questioned his recent sale of shares, saying he had to supplement his $100,000 a year salary and vowing never to "give. . .  Full story

C$ recovers from three-week low on reports of metals tariffs deal

17/05 The Canadian dollar edged higher against its U.S. counterpart on Friday, recovering from an earlier three-week low after reports that a deal was reached to remove tariffs on its metals that had been imposed. . .  Full story

Fed wants to make sure it has the best tools for the job -Harker

17/05 A top Federal Reserve official said on Friday that the U.S. central bank wants to make sure its policies are still the best tools for the job as part of an ongoing policy review.. . .  Full story

Britain's Brexit talks collapse as May's premiership crumbles

17/05 Britain's tumultuous divorce from the European Union was again in disarray on Friday after the opposition Labour Party declared last-ditch talks dead due to Prime Minister Theresa May's crumbling government.. . .  Full story

S.Africa's rand slips to 1-week low, financial stocks drag down bourse

17/05 The South African rand slipped to its weakest in one week on Friday as escalating trade tensions between China and the United States dragged down demand for emerging markets assets.. . .  Full story

Facebook forms Swiss fintech firm with payments focus

17/05 Facebook has set up a new financial technology company in Switzerland focusing on blockchain and payments as well as data analytics and investing, Geneva's commercial register shows.. . .  Full story

Sterling set for worst week of 2019 as Brexit talks collapse

17/05 Sterling dived to a four-month low on Friday after cross-party Brexit talks collapsed and concern grew about the impact Prime Minister Theresa May's likely resignation would have on Britain's EU divorce.. . .  Full story

Britain raised FX warchest ahead of first Brexit deadline

17/05 Britain ramped up its foreign currency reserves in the last quarter of 2018 at a faster pace than any other major country, ahead of its original March 29 deadline to leave the European. . .  Full story

Forint leads currency easing on overheating worry

17/05 The Hungarian forint hit a 9-month-low against the euro on Friday due to concerns of a potential further rise in inflation if the central bank maintains its record-low base rate. The. . .  Full story

Sri Lanka stocks edge higher on local buying; rupee steady

17/05 Sri Lankan shares closed higher for a second straight session on Friday, moving further away from a near seven-year closing low hit earlier this week, as local investors bought beaten down stocks. ** Traders, however,. . .  Full story

No chance of passing Brexit bill by end-July, says Labour's Corbyn

17/05 There is no chance of getting British parliamentary approval for all aspects of Brexit by the end of July, the leader of the opposition Labour Party said on Friday after talks with the government. . .  Full story

Turkey says U.S. scrapping trade deal contradicts goals

17/05 The U.S. decision to end its preferential trade agreement with Turkey contradicts their $75 billion bilateral trade target, Trade Minister Ruhsar Pekcan said on Friday, but welcomed Washington's move to halve tariffs on steel imports.. . .  Full story

UK government considers next steps as Brexit talks end

17/05 The British government is considering its next steps, including trying to win over dissenting lawmakers, after talks to find a Brexit compromise with the opposition Labour Party ended, Prime Minister Theresa May's spokesman said on. . .  Full story

Sterling near four-month low with Brexit deal teetering

17/05 Sterling traded below $1.28 on Friday, close to its four-month low, as cross-party Brexit talks neared collapse and pressure mounted on Prime Minister Theresa May to resign.. . .  Full story

Currencies at 2019 lows on trade jitters, stocks slide

17/05 Emerging market currencies hit their lowest level in 2019 on Friday as trade friction between the United States and China continued to take its toll on riskier assets.. . .  Full story

Asian bonds see foreign outflows in April, trade war to hurt more

17/05 Overseas investments into Asian bonds turned negative for the first time in three months in April, and analysts predicted the regional assets to come under more pressure due to an escalation in the Sino-U.S.. . .  Full story

China's central bank won't let yuan weaken past 7 to the dollar-sources

17/05 China's central bank will use foreign exchange intervention and monetary policy tools to stop the yuan weakening past the key 7-per-dollar level in the near-term, three people familiar with the central bank's thinking said.. . .  Full story

South Africa's rand weakens as dollar boosted by solid data

17/05 South Africa's rand weakened early on Friday as most emerging market currencies retreated against a dollar lifted to near two-week highs by positive U.S. economic data.. . .  Full story

Thai Q1 GDP growth y/y seen at lowest in nearly 4 yrs as exports sag

17/05 Thailand's economic growth likely picked up in January-March from the previous three months but the annual pace likely was the weakest for any quarter in almost four years, a Reuters poll showed.. . .  Full story

S.Korean stocks drop on foreign selling; won falls for 4th straight week

17/05 Round-up of South Korean financial markets:. . .  Full story

Yuan slides past key mark but signs of PBOC vigilance cap losses

17/05 China's yuan fell past the psychologically-important 6.9 per dollar level to its weakest in nearly five months on Friday, but losses were capped on signs the central bank will defend the currency from. . .  Full story

Pakistan's rupee keeps sliding after IMF loan accord reached

17/05 The Pakistani rupee continued to fall to record lows on Friday, after the government agreed in principle to a $6 billion loan from the International Monetary Fund that's expected to set tough conditions on. . .  Full story

Australia, NZ dlrs at multi-month lows as Sino-U.S. tensions rise

17/05 The Australian and New Zealand dollars hovered at multi-month lows on Friday as U.S.-China trade tensions showed no signs of easing, hitting risk sentiment across-the-board.. . .  Full story