Forex

South African rand weaker in early trade

09h41 South Africa's rand weakened more than 1 percent early on Friday, in line with a rise in bond yields, as investor appetite for riskier assets dimmed ahead of an expected U.S. interest rate hike early next week and fresh worries of a sharp slowdown in the world's second-biggest economy.  Full story

C$ weakens on global growth worries; Ontario downgraded

17h39 The Canadian dollar lost ground against its broadly stronger U.S. counterpart on Friday as investors worried about signs of slower global growth and after the debt rating of Canada's most populous province was downgraded by. . .  Full story

-Russia c.bank raises rates, plans to resume FX buying

17h16 The Russian central bank raised its key interest rate to 7.75 percent on Friday, responding to rising inflation and pressure on the rouble that is set to grow after the bank announced it would. . .  Full story

Russian rouble at one-week low on FX purchase resumption, stronger dollar

16h37 The Russian rouble weakened to a one week-low on Friday on a stronger dollar and an announcement from the Russian central bank that it would resume forex purchases to replenish state reserves.. . .  Full story

Fitch downgrades Pakistan citing fiscal "deterioration"

15h26 Global credit rating agency Fitch downgraded Pakistan's long-term foreign currency issuer default rating to 'B-' from 'B', citing a rise in external financing risk from low reserves and high external debt repayments, along with a. . .  Full story

Sri Lankan rupee ends lower on foreign sell-off on uncertainty

15h06 ** The Sri Lankan rupee ended weaker on Friday amid pressure on the currency due to foreign outflows from bonds and stocks as uncertainty from a lingering political crisis weighed on sentiment.. . .  Full story

Brazil stocks track global sell-off on growth fears

14h57 Brazilian stocks fell on Friday, tracking a global sell-off sparked by weak economic data from China and Europe, which fanned concerns of a global economic slowdown, while Latin American currencies were set to end. . .  Full story

India c.bank board seeks more discussion on governance under new boss

14h50 The board of the Reserve Bank of India (RBI) said on Friday it had deliberated on the central bank's governance framework and decided the matter requires "further examination".. . .  Full story

Weak economic data send world stocks tumbling

14h44 Stocks worldwide tumbled on Friday after weak economic data from China and Europe fanned concerns of a global economic slowdown and left investors fretting over the wider impact of a still-unresolved Sino-U.S. trade dispute.. . .  Full story

ECB takes over supervision of two banks leaving UK due to Brexit

14h10 The European Central Bank said on Friday it will take over supervision of the European operations of Barclays and Bank of America Merrill Lynch (BofAML) after they moved some businesses to Ireland from Britain because. . .  Full story

Euro hurt by weak PMIs and slowdown fears

13h38 The euro fell broadly on Friday as the euro zone economy showed more signs it's beginning to sputter, while the dollar made some headway as investors turned nervous about a slowdown in China.. . .  Full story

Russia c.bank to resume FX purchases from Jan 15

12h44 Russian central bank will resume foreign exchange purchases from Jan. 15 as the situation on the domestic financial market has stabilised, the central bank said in a statement on Friday.. . .  Full story

Russian cenbank raises key interest rate to 7.75 pct from 7.5 pct

12h30 Russia’s central bank on Friday raised its key interest rate to 7.75 percent from 7.5 percent, the bank. . .  Full story

Stocks, currencies fall after China reports weak economic data

12h12 Emerging-market stocks were set for their second consecutive week of losses on Friday amid worries about a slowdown in China's economy. Currencies weakened after four weeks of gains.. . .  Full story

Czech crown holds gains, fuelled by rate hike hopes

11h53 The Czech crown held onto earlier gains, bucking weakness in eastern Europe on Friday, after a central bank board member earlier this week flagged the possibility of raising interest rates again soon.. . .  Full story

ANALYSIS-Bond vigilantes reckon their job is done in Italy

11h37 It's been the stormiest year for Italian bond markets since the 2011 euro zone crisis, but as 2018 ends, investors who fled mid-year are returning and their worst fears -- euro exit, junk ratings. . .  Full story

Japan's fiscal 2019 budget draft to total around 101.5 trln yen - sources

11h34 Japan's draft budget for fiscal 2019 will rise to a record of around 101.5 trillion yen ($894.4 billion) due to increased spending on welfare, public works and defence, government sources told Reuters on Friday.. . .  Full story

Philippines to post wider c/a deficits in 2018, 2019 - c.bank

11h20 The Philippines' current account deficit is not going to spiral out of control, the central bank said on Friday, even as it forecast the gap will widen further in 2018 and 2019.. . .  Full story

Japan exports' growth to slow in Nov, core CPI seen steady

10h47 Japan's exports growth is expected to have cooled in November, a Reuters poll showed on Friday, suggesting a dimming economic outlook amid easing global demand and a U.S.-China trade dispute.. . .  Full story

S.Korean stocks fall on weak Chinese data; chipmakers lead losses

09h24 Round-up of South Korean financial markets:. . .  Full story

Most Asian currencies soften on weak China data; won leads losses

08h04 Most emerging Asian currencies slipped against the dollar on Friday after weak China data rekindled concerns about its slowing economy amid the backdrop of unresolved Sino-U.S. trade tensions. China's November retail. . .  Full story

Yuan edges down on easing talk, but trade truce lends support

07h36 China's yuan weakened slightly against the U.S. dollar on Friday, with the authorities hinting of looser conditions to support the economy as the currency heads for a marginal loss this week.. . .  Full story

NZ central bank proposes almost doubling bank capital requirements, kiwi dlr falls

06h54 The Reserve Bank of New Zealand (RBNZ) said on Friday it was considering almost doubling the required capital banks would need to hold to bolster the financial system's capacity to handle any shocks, sending. . .  Full story

Japan should raise sales tax above 10 pct to fund welfare costs

06h00 Japan should raise its sales tax above the planned 10 percent to cope with increased social welfare costs as the population ages and declines, most economists in a Reuters poll said, with some recommending. . .  Full story

Australia, NZ dlrs hit by disappointing Chinese data

05h30 The Australian and New Zealand dollars lost momentum on Friday as renewed fears about a global growth slowdown gripped investors with dour economic data from China further souring risk appetite.. . .  Full story

S.Korea stocks, won sag as tech shares fall amid global uncertainties

04h22 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index and the won weakened on Friday as trade hopes fade. . .  Full story

EU gives May assurances on Brexit, but cold comfort

02h49 European Union leaders assured Prime Minister Theresa May on Thursday that the Brexit treaty she agreed last month but is struggling to get through UK parliament should not bind Britain forever to EU rules.. . .  Full story

Bitcoin ransoms just are not what they used to be

01h57 Give me bitcoin or your life. Seriously?. . .  Full story

Stocks lose steam as nerves persist, euro dips after ECB

13/12 A gauge of world equities was little changed after giving up early gains on Thursday, continuing a pattern seen for the past several sessions, while the euro eased after the European Central Bank formally. . .  Full story

Euro steady as ECB ends bond purchases, pound gains

13/12 The euro held steady against the dollar on Thursday after the European Central Bank, as expected, halted new bond purchases and promised to maintain policy support for the euro zone due to risks. . .  Full story

May urges EU to help get Brexit "over the line"

13/12 Britain's weakened prime minister, Theresa May, appealed to fellow EU leaders on Thursday for concessions to help her win support in parliament next month for a deal that can smooth Britain's exit from the. . .  Full story

ECB ends crisis-fighting bond buys but eyes increasing risks

13/12 The European Central Bank formally ended its 2.6 trillion euro crisis-fighting bond purchase scheme on Thursday but promised to keep feeding stimulus for years into an economy struggling with an unexpected slowdown and political turmoil.. . .  Full story

INSIGHT-Vitol, rival oil traders in spotlight of Brazil bribery probe

13/12 Brazil's epic "Car Wash" corruption investigation has taken down presidents and elite businessmen, and led to the largest corporate leniency deal ever signed.. . .  Full story

Eskom debt swap not an option - South Africa's Ramaphosa

13/12 A debt swap for cash-strapped state power company Eskom would spiral the country into more debt, South Africa's President Cyril Ramaphosa said on Thursday, adding there was need to look at other options to shore. . .  Full story

Some ECB policymakers wanted even more cautious tone on economy -sources

13/12 Some European Central Bank policymakers meeting on Thursday wanted to adopt an even more cautious tone on the euro zone's economic prospects but all stood behind the decision to dial back stimulus, two sources told. . .  Full story

Sterling's gains fizzle on Brexit concerns

13/12 Sterling gave up most of the gains it made after Prime Minister Theresa May survived a no-confidence vote overnight as signs that the British parliament was headed towards deadlock over Brexit prompted traders to take. . .  Full story

Brexit vote will happen next month, before Jan. 21 - May's spokeswoman

13/12 British Prime Minister Theresa May will put her Brexit deal to a vote in parliament as soon as possible in January, and definitely before Jan. 21, her spokeswoman told reporters on Thursday.. . .  Full story

Pakistan reserves decrease $242 mln to $7,260.4 mln week ending Dec 7

13/12 Pakistan's foreign exchange reserves increase $242 million to $7,260.4 million in the week ending Dec 7, compared to $7,502.1 million in the previous week, central bank said on Thursday. RESERVES. . .  Full story

Bond vigilantes reckon their job is done in Italy

13/12 It's been the stormiest year for Italian bond markets since the 2011 euro zone crisis, but as 2018 ends, investors who fled mid-year are returning and their worst fears -- euro exit, junk ratings. . .  Full story

C$ dips against stronger greenback, as oil prices fall

13/12 The Canadian dollar edged lower against its U.S. counterpart on Thursday, paring some of the previous day's gains as oil prices fell and the greenback broadly climbed. The U.S. dollar. . .  Full story

Sri Lankan rupee ends lower on foreign sell-off ahead of key ruling

13/12 ** The Sri Lankan rupee ended a tad weaker on Thursday in dull trade amid pressure on the currency due to foreign outflows from bonds and stocks as a lingering political crisis weighed. . .  Full story

Turkish cenbank keeps rates unchanged after inflation eases

13/12 Turkey's central bank left its benchmark interest rate unchanged as expected on Thursday after inflation eased from a 15-year peak, but a change in the wording of the bank's policy statement signalled possible loosening ahead.. . .  Full story

China's monetary conditions should be relatively loose- c.bank

13/12 China's monetary conditions should be relatively loose to support its slowing economy but policy cannot be too loose as falls in domestic interest rates could hit the local currency, central bank chief Yi Gang. . .  Full story

Brazil stocks rise; Latam currencies weaken after two-day rally

13/12 Brazilian stocks edged higher for the third straight day in line with global equities on signs of easing China-U.S. trade tensions, while most Latin American currencies weakened. Investors have been slowly. . .  Full story

EU lawmakers back two-year extension of euro bank lending rate

13/12 European lawmakers on Thursday approved a two-year extension of a discredited interest rate benchmark in a bid to avert a crunch that would affect trillions of euros' worth of contracts. The EONIA benchmark is based. . .  Full story

Asia Rice-Vietnam rates dip for 4th week as Chinese norms bite

13/12 Rice export prices fell for the fourth consecutive week in Vietnam on concerns of lower intake from China due to stricter norms in Beijing, while subdued demand weighed on the Indian and Thai markets.. . .  Full story

China to keep 2019 growth within reasonable range - politburo

13/12 China will keep its economic growth within a reasonable range next year, striving to support jobs, trade and investment while pushing reforms and curbing risks, the top decision-making body of the Communist Party, the politburo,. . .  Full story

Norway's central bank keeps rates on hold, sees slower tightening

13/12 Norway's central bank left its main interest rate unchanged at 0.75 percent on Thursday, as expected, but said it would tighten rates at a slightly slower pace than previously planned amid concerns about the. . .  Full story

Currencies flat, Czech rates up on hawkish central bank comments

13/12 Central European currencies were broadly flat on Thursday as players awaited an ECB rate decision and economic forecasts and also U.S. Federal Bank rates moves, while Czech rates markets moved up after a central bank. . .  Full story

Swiss National Bank keeps policy loose, cuts inflation outlook

13/12 The Swiss National Bank kept its ultra-loose monetary policy in place on Thursday, citing the "fragile" exchange-rate situation and international tensions as reasons to maintain its expansive course into a fourth year.. . .  Full story

Stocks hit one-week high; lira dips before central bank meets

13/12 Expectations that China would step up support for its economy helped emerging-market stocks to reach a one-week high on Thursday. A weaker dollar boosted a number of developing-world currencies.. . .  Full story

Philippine c.bank holds overnight borrowing rate steady

13/12 The Philippine central bank held its benchmark interest rate steady on Thursday, as expected, in line with the outlook for the inflation rate to cool.. . .  Full story

S.Africa's central bank to wait until May for next rate hike

13/12 The South African Reserve Bank will not raise interest rates again until May, according to a Reuters poll, taken after the central bank surprised many economists last month by adding 25. . .  Full story

South African rand firms in early trade

13/12 South Africa's rand strengthened early on Thursday, as signs of easing Sino-U.S. trade tensions and expectations that China will step up efforts soon to aid its cooling economy supported investor appetite. . .  Full story

China's Jan-Nov FDI falls 1.3 pct y/y

13/12 Foreign direct investment (FDI) into China fell 1.3 percent in the first 11 months of the year to 793.27 billion yuan ($115.54 billion) from a year earlier, the Ministry of Commerce said on Thursday.. . .  Full story

Asia Coffee-Vietnam domestic prices near three-month low; output seen lower

13/12 Vietnam's domestic coffee prices continued to fall to near three-month low as the harvest in the country is peaking, but local traders and an industry official forecast a drop in output.. . .  Full story

S.Korean stocks, won gain on Sino-U.S. trade war thaw

13/12 Round-up of South Korean financial markets: South Korea's KOSPI stock index ended higher on Thursday as the Sino-U.S. trade war showed signs of abating. South Korean bond yields dropped, while the currency won gained.. . .  Full story

GRAPHIC-The life and times of ECB quantitative easing, 2015-18

13/12 An era of extraordinarily easy monetary policy in the euro zone is drawing to a close as the European Central Bank is set to announce formally on Thursday that its massive bond-buying scheme will. . .  Full story

Investors cut short positions on most Asian currencies; yuan bear bets at 21-month low

13/12 Bearish bets on most Asian currencies fell over the past two weeks, a Reuters poll showed on Thursday, as the U.S. Federal Reserve is widely expected to hold rates next year after a near. . .  Full story

Most Asian units firm on US-China trade hopes, Indonesian rupiah leads

13/12 Most Asian currencies strengthened on Thursday as signs of a thaw in U.S.-China trade tensions prompted investors to dip their toes back into riskier assets. The Indonesian rupiah strengthened the. . .  Full story

China's yuan edges up on signs of thaw in Sino-US trade relations

13/12 China's yuan inched up against the U.S. dollar on Thursday, as positive progress in Sino-U.S. trade tensions continued to offer support, but gains were capped by some demand for the greenback.. . .  Full story

S.Korea stocks tick up as trade war shows signs of abating; won gains

13/12 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index rose on Thursday as investors see relieved tension on Sino-U.S. trade spat. The Korean won. . .  Full story

Australian dlr near 1-wk highs, NZ$ steady on budget f'casts

13/12 The Australian dollar held near a one-week high as riskier assets were boosted by signs of progress in Sino-U.S. trade relations, while New Zealand's currency was steady as the government unveiled a healthy budget.. . .  Full story

Pound retreats as size of May win underscores Brexit deal opposition

13/12 Sterling retreated from earlier highs on Wednesday after Prime Minister Theresa May survived an attempt to oust her, but by a margin that only reinforced the extent of opposition to her deal for exiting. . .  Full story