Forex

Nigerian stocks rally to 3-week high as investors eye reforms

23/08 Nigerian stocks extended their rally on Friday to a three-week high following President Muhammed Buhari's inauguration of cabinet ministers, boosting hopes for reforms that could lift growth for Africa's biggest economy, traders said.  Full story

COLUMN-Trump must choose between economy and trade war: Kemp

01h01 The White House is becoming increasingly volatile and erratic in its pronouncements about the economy and trade as the internal contradictions between its policies become obvious.. . .  Full story

Asia shares shaken, yen jumps on China-U.S. trade jitters

00h38 Asian shares seemed set for a turbulent start on Monday as the latest salvo in the U.S.-China trade war shook confidence in the world economy and sent investors steaming to the safe harbour of. . .  Full story

Czech central banker sees stable rates through 2020 -paper

25/08 The Czech National Bank's (CNB) Vice-Governor Tomas Nidetzky sees stable interest rates through 2020 as inflation pressures from the domestic economy are balanced by foreign markets slowing down, he said in an interview.. . .  Full story

Kudlow does not expect China to retaliate against latest U.S. tariffs

25/08 White House economic adviser Larry Kudlow said on Sunday that he does not expect China to retaliate against additional tariffs on Chinese goods that U.S. President Donald Trump announced Friday.. . .  Full story

UK trade deal within a year of Brexit will be tight -UK PM Johnson

25/08 It will be tight to meet the United States' desire to do a post-Brexit trade deal with Britain within a year, British Prime Minister Boris Johnson said on Sunday.. . .  Full story

Fed wields strong influence on global financial conditions -research

24/08 The Federal Reserve's influence on economic conditions beyond U.S. borders may be bigger than it thinks, according to research that will be presented at the central bank's conference on Saturday.. . .  Full story

Lebanese government says committed to reforms after rating downgrade

24/08 The Lebanese government has vowed to make urgent progress on reforms to help overcome a worsening economic crisis that prompted Fitch Ratings to cut the country's credit rating on Friday.. . .  Full story

Trump says he wouldn't stop Fed Chair Powell if he offered to resign

24/08 U.S. President Donald Trump sharply criticized Federal Reserve Chairman Jerome Powell on Friday and said he wouldn't try to stop the chief U.S. central banker if he offered to resign.. . .  Full story

World needs to end risky reliance on U.S. dollar -BoE's Carney

24/08 Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilising" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve. . .  Full story

Stocks tumble, yen rallies as U.S. and China escalate trade war

24/08 Stocks, the dollar and oil prices fell on Friday while safe havens rose after President Donald Trump demanded U.S. companies look at alternatives to China for manufacturing, following Beijing's retaliatory tariffs on American goods.. . .  Full story

Trump jacks up tariffs on Chinese imports in latest tit-for-tat

23/08 President Donald Trump said on Friday the United States would subject Chinese imports to an additional 5% tariff in response to what he called a politically motivated move by China to impose tariffs on. . .  Full story

Norway's Liberals accept PM's ultimatum, preventing government's collapse

23/08 Norway's Liberal Party, a junior member of Norway's four-party government, will accept the prime minister's ultimatum on transport policy, preventing the cabinet's fall, Liberal leader Trine Skei Grande said on Friday.. . .  Full story

Stocks tumble, yen rallies as Trump threatens to counter new China tariffs

23/08 Stocks, the dollar and oil prices fell on Friday while safe havens rose after U.S. President Donald Trump threatened to further escalate his trade war with China "this afternoon," following a new round of retaliatory. . .  Full story

Dollar skids on heightened U.S.-China trade tension

23/08 The dollar stumbled on Friday after President Donald Trump ordered U.S. companies to start looking for an alternative to China as Beijing imposed more tariffs on American goods, further exacerbating a prolonged trade. . .  Full story

Trade tensions, growth worries drive Latam assets to 2019 lows

23/08 Latin American assets fell on Friday to their lowest levels so far this year, as another escalation in the U.S.-China trade war and worries over Mexico's growth kept investors on the edge.. . .  Full story

UK economy headed for stagnation in Q3 - BoE's Carney

23/08 Bank of England Governor Mark Carney said Britain's economy appeared to be on course to stagnate in the current quarter, and underlying growth still looked muted even when the effect of Brexit volatility was stripped. . .  Full story

World needs to end risky reliance on U.S. dollar - BoE's Carney

23/08 Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilising" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve. . .  Full story

Enraged Trump likens U.S. Fed chief to "enemy" China

23/08 President Donald Trump reacted furiously on Friday after Federal Reserve Chair Jerome Powell linked the trade war with China to risks to the U.S. economy, asking whether the man he handpicked to run the. . .  Full story

For some, currency wars may not be fun or easy to win

23/08 It's a maxim for private investors: Don't fight the Fed.. . .  Full story

Trump must choose between economy and trade war: Kemp

23/08 The White House is becoming increasingly volatile and erratic in its pronouncements about the economy and trade as the internal contradictions between its policies become obvious.. . .  Full story

Russian inflation may near 3% in Q1 2020 - economy minister

23/08 Russian annual inflation could approach 3% by the first quarter of next year, the RIA news agency quoted Economy Minister Maxim Oreshkin as saying on Friday.. . .  Full story

Sterling falls as doubts grow about Brexit talks

23/08 The pound fell on Friday after enjoying its biggest one-day gain in months, as investors reassessed whether British Prime Minister Boris Johnson had made any progress in convincing the European Union to renegotiate the Brexit. . .  Full story

For world's central banks, a call to hang together

23/08 Over the decades since World War Two the growth rates, inflation rates, interest rates and business cycles of the world's major economies grew closer together.. . .  Full story

Czech parties agree higher 2020 spending, resolving coalition row

23/08 The Czech ruling parties on Friday neared a deal on a 2020 budget plan that will lift spending, though the finance ministry has said it still aims to keep the deficit target for next. . .  Full story

C$ falls amid escalated tensions, markets await Fed conference

23/08 The Canadian dollar weakened against its U.S. counterpart on Friday, adding to the previous session's losses, as escalating trade tensions reduced global risk appetite and investors awaited a speech by the Federal Reserve's chair.. . .  Full story

Take Five: G7 set for communique-tion breakdown

23/08 1/ G7: AGREEING TO DISAGREE Has there been a time in recent decades when the Western world was so divided? Trade, climate change, exchange rates, government spending, Brexit, dealings with China, Iran and Russia -. . .  Full story

Kenyan shilling stable, seen trading in narrow range against the dollar

23/08 The Kenyan shilling was stable against the dollar on Friday with inflows from diaspora remittances and portfolio investors buying government debt offering support against dollar demand from merchandise importers, traders said.. . .  Full story

Sri Lanka rupee falls after central bank's surprise rate cut

23/08 The Sri Lankan rupee fell for the fifth straight session on Friday, after the central bank cut key monetary policy rates amid foreign outflows from government securities, and tracking other emerging currencies. Stocks closed slightly. . .  Full story

Cold, hard euros: Venezuela turns to European cash after U.S. sanctions

23/08 From supermarket checkouts in the capital Caracas to electronics stores in the central city of Maracay, Venezuelans struggling with hyperinflation and a deep economic crisis are turning to a new form of payment: euros. . .  Full story

As bond e-trading takes off, debt sales business may be ripe for automation

23/08 With banks' bond trading desks increasingly going electronic, another of the last bastions of old-school banking - the business of helping companies and countries raise capital - may be about to succumb to the. . .  Full story

Currencies weaken before Powell speaks; yuan drops

23/08 Most emerging-market currencies remained under pressure on Friday and China's yuan dropped to an 11-year low amid doubts U.S. Federal Reserve chair Jerome Powell will signal a prolonged series of interest rate cuts in. . .  Full story

Yuan set for 3rd weekly loss in 4, but PBOC seen tempering pace of depreciation

23/08 China's yuan recouped early losses on Friday but remained on course for its third weekly loss in four as the United States prepares to impose more tariffs on Chinese goods from next month.. . .  Full story

Currencies mixed ahead of Powell speech

23/08 Central European currencies were mixed on Friday, as investors eyed a speech by Federal Reserve Chief Jerome Powell for indications as to whether the U.S. central bank will cut rates further.. . .  Full story

S.Korean stocks pare early losses; Powell speech eyed

23/08 Round-up of South Korean financial markets:. . .  Full story

South Africa's rand firms as deficit fears ease

23/08 South Africa‚Äôs rand firmed early on Friday, bucking a downtrend among its emerging market peers, as concerns about South Africa's budget eased slightly.. . .  Full story

Yuan losses weigh on Asian currencies, Korean won weakens most

23/08 Most emerging Asian currencies slipped on Friday after China's yuan weakened to its lowest level in 11-1/2 years, while the Korean won came under added pressure as its trade dispute with Japan escalated.. . .  Full story

Indian rupee hits 72/dollar, weakest level since mid-Dec

23/08 The Indian rupee fell to its lowest in more than eight months on Friday morning tracking weakness in other regional currencies, while concerns over flagging domestic growth also weighed on sentiment.. . .  Full story

S.Korea stocks fall amid escalating trade conflict with Japan

23/08 Round-up of South Korean financial markets: ** South Korean shares fell on Friday after the country scrapped intelligence-sharing pact with Japan, adding to tensions between the two. . .  Full story

S.Korea to propose 9.2% spending increase in 2020 budget to support growth

23/08 South Korea's finance minister said on Friday the government would propose to increase spending by 9.2% in next year's budget to shield Asia's fourth-largest economy from growing risks.. . .  Full story

Asia Rice-Rupee slide pushes India rates to 7-week low, Vietnamese exports dip

23/08 A depreciating rupee pushed export prices of rice from India to their lowest in seven weeks on Thursday despite healthy demand from African countries, while lower purchases from Philippines weighed on rates for the Vietnamese. . .  Full story

China sets yuan mid-point at fresh 11-yr low, but much stronger than forecasts

23/08 China's central bank lowered its official yuan midpoint to a fresh 11-year low on Friday, but it was nowhere as weak as traders had expected.. . .  Full story

New Zealand dlr inches off 3-1/2 yr low after RBNZ comments

23/08 The New Zealand dollar bounced from three-and-a-half year lows on Friday after the head of the country's central bank said he was "pleased" with the current level of interest rates following a surprise. . .  Full story

CANADA FX DEBT-C$ pares earlier gains as risk appetite falls ahead of Fed conference

22/08 The Canadian dollar steadied against its U.S. counterpart on Thursday, trimming earlier gains as investor appetite for risk decreased ahead of a Federal Reserve central banking conference this week. U.S.. . .  Full story

Stocks edge lower as investors eye Fed's Jackson Hole meeting

22/08 An index of stock markets worldwide crept lower on Thursday on uncertainty over the outlook for U.S. interest rate cuts and weak U.S. manufacturing data that raised concerns about the health of. . .  Full story

Dollar declines as markets uncertain about Powell's speech in Jackson Hole

22/08 The dollar slipped on Thursday, but moved within narrow ranges, as investors awaited a possible announcement or statement from the Federal Reserve at this week's Jackson Hole, Wyoming event to address the worsening. . .  Full story

Argentina presidential front-runner Fernandez pledges 'no default' if elected

22/08 Argentine presidential candidate Alberto Fernandez said on Thursday there was "no possibility" the country would default on its debt if he were elected in October, but that the government would have to negotiate new terms. . .  Full story

Stena Bulk tanker seized by Iran could be released soon - Sweden's SVT broadcaster

22/08 Sweden has received "very strong indications" that a British oil tanker seized last month by Iran in the Strait of Hormuz is to be released soon, Swedish public service broadcaster SVT reported on Thursday,. . .  Full story

Markets doubt Fed's ability to defend economy, spur inflation

22/08 The U.S. Federal Reserve wanted to do two things when it cut rates for the first time in a decade last month: Support the economy and spark inflation expectations.. . .  Full story

Trump talks up economy, talks down Fed amid mixed data

22/08 President Donald Trump said U.S. economic growth could be record-setting if the Federal Reserve would only lower interest rates further, as reports on Thursday painted a decidedly mixed picture of the nation's economy.. . .  Full story

Sterling jumps as traders cling to Merkel's Brexit backstop comments

22/08 The pound was on course for its best day in months on Thursday after traders interpreted comments from German Chancellor Angela Merkel to mean that a solution to the Irish border problem could be. . .  Full story

Pakistan reserves fall $26 mln to $8,238.7 mln week ending Aug 17

22/08 Pakistan's foreign exchange reserves decrease $26 million to $8,238.7 million in the week ending Aug 17, compared to $8,264.4 million in the previous week, the central bank said on Thursday.. . .  Full story

Latam currencies slip as investors await Powell speech

22/08 Latin American currencies edged lower on Thursday, as investors awaited a speech from the U.S. Federal Reserve chief Jerome Powell for clarity on interest rate cuts after minutes from the latest meeting dimmed hopes. . .  Full story

Sri Lanka rupee falls for 4th session on foreign outflows

22/08 The Sri Lankan rupee fell for the fourth straight session on Thursday, weighed down by foreign outflows from government securities and tracking other emerging currencies. Stocks closed steady. ** The rupee ended 0.36% weaker at. . .  Full story

China eases restrictions on gold imports - sources

22/08 China has partially lifted restrictions on imports of gold, bullion industry sources said, loosening curbs that had stopped an estimated 300-500 tonnes of the metal worth $15-25 billion at current prices from entering the. . .  Full story

Hungary central bank to keep rates steady; next hike may be beyond 2020

22/08 The National Bank of Hungary is widely expected to keep interest rates unchanged next Tuesday, and a decline in local inflation and a dovish turn by global central banks may enable it to put. . .  Full story

UK's Johnson in Paris: we will not set up border checks in Ireland

22/08 British Prime Minister Boris Johnson said on Thursday that under no circumstances would the United Kingdom set up border checks on the boundary between EU member Ireland and the British region of Northern Ireland.. . .  Full story

Asia Coffee-Vietnam market dull on thin supply; trade picks up in Indonesia

22/08 Coffee trading in Vietnam continued on a sluggish note this week as stockpiles dwindled, while a busy Indonesian market saw more produce from its main harvest, traders said on Thursday.. . .  Full story

Euro zone banks to get more time to cover bad loans as ECB eases rules

22/08 Banks in the euro zone will get more time to set aside cash to cover for loans that have gone or will go unpaid after the European Central Bank bowed to pressure from Brussels. . .  Full story

Indonesia surprises with 2nd rate cut in a row, eyes global slowdown

22/08 Indonesia's central bank, hoping it can spur faster growth at home despite a global slowdown, surprisingly cut its key interest rate for a second time in two months on Thursday.. . .  Full story

Yuan falls to fresh 11-year lows on trade war worries, despite state bank support

22/08 China's yuan fell to fresh 11-year lows on Thursday amid worries about the deepening Sino-U.S. trade war, despite support from major state-owned banks in both the spot and forwards markets.. . .  Full story

Equities end 4-day run of gains as Fed plays down aggressive rate cuts

22/08 Emerging market stocks broke a four-day winning streak on Thursday and currencies weakened as investors sought clarity about further U.S. interest rate cuts after the Federal Reserve's minutes tempered hopes of an aggressive easing cycle.. . .  Full story

China's yuan extends losses in afternoon, falls 0.3% to fresh 11-yr low

22/08 China's yuan extended losses on Thursday afternoon, hitting a fresh 11-year low against the dollar amid worries about the deepening Sino-U.S. trade war.. . .  Full story

Sterling ticks higher as Johnson meets with Macron over Brexit

22/08 Sterling crept higher on Thursday, but doubts over British Prime Minister Boris Johnson's ability to convince France to reopen Brexit negotiations were likely to limit any gains.. . .  Full story

FX move sideways, PFNonwovens drops after poor Q2

22/08 Central Europe's currencies moved sideways on Thursday as markets looked for clarity over the U.S. interest rate outlook, while shares in Czech artificial textile maker PFNonwovens fell to a 4-1/2-year low after a poor second. . .  Full story

S.Korean stocks snap 3-day rally; Powell's speech in focus

22/08 Round-up of South Korean financial markets:. . .  Full story

Malaysia's international reserves slip to $103.1 bln as of Aug 15

22/08 Malaysia's gross international reserves slipped to $103.1 billion as of Aug. 15, from $103.9 billion on July 31, the central bank said on Thursday.. . .  Full story

Asian units slip as dollar holds firm; S.Korean won loses most

22/08 Emerging Asian currencies fell on Thursday against a firm dollar, after minutes from the U.S. Federal Reserve's last meeting tempered market expectations of aggressive rate cuts. Policymakers were deeply divided on. . .  Full story

Yuan eases to fresh 11-year low on trade woes, draws state bank support

22/08 China's yuan slipped to a fresh 11-year low against the dollar on Thursday, despite support from major state-owned banks in both the spot and forwards markets.. . .  Full story

Major China state-owned banks seen supporting yuan after fresh fall - traders

22/08 Major Chinese state-owned banks were seen supporting the yuan in the forwards markets on Thursday after it fell to fresh 11-year lows, two traders with knowledge of the matter said.. . .  Full story

S.Korea stocks fall as Fed minutes cast doubt on aggressive rate cuts

22/08 Round-up of South Korean financial markets: ** South Korean shares fell on Thursday as minutes of the Federal Reserve's July meeting cast doubt on how aggressive. . .  Full story

Stocks rise with focus on stimulus; U.S. yield curve briefly inverts

21/08 A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession.. . .  Full story

Latam assets rise as focus shifts to Fed

21/08 Latin American stocks and currencies rose on Wednesday as investors hoped central bankers around the world convening for an annual symposium held by the U.S. Federal Reserve would signal more concrete measures to counter. . .  Full story

LatAm's big two central banks warn of weakening growth, inflation outlook

21/08 The heads of the Mexican and Brazilian central banks said separately on Wednesday that sluggish global and domestic economic growth is putting downward pressure on inflation, suggesting that interest rates in both countries will be. . .  Full story

Argentina will act to prevent 'irrational' run on peso, says new economy chief

21/08 Argentina will not allow a chaotic fall in the peso and will use its dollar reserves to bolster the currency against the political uncertainty that erupted after the Aug. 11 primary election, Treasury Minister Hernan. . .  Full story

Dollar rises vs yen, Swiss franc as risk appetite grows

21/08 The dollar advanced against the safe-haven yen and Swiss Franc on Wednesday, as risk appetite increased with global stocks and U.S. yields were mostly higher ahead of an annual Federal Reserve gathering later. . .  Full story

IMF warns against rate cuts, currency intervention to improve trade balance

21/08 The International Monetary Fund on Wednesday warned against governments trying to weaken their currencies through monetary easing or market interventions, arguing in a blog post that this would hurt the functioning of the international monetary. . .  Full story

Sterling weakens ahead of Johnson, Merkel meeting

21/08 The pound on Wednesday gave back some of the previous day's gains as investors took little heart from hints by German Chancellor Angela Merkel that there might be room for negotiation over Brexit as. . .  Full story

Loonie strengthens as domestic inflation beats estimates

21/08 The Canadian dollar strengthened against its U.S. counterpart on Wednesday, rebounding from a two-month low it hit the previous session, after stronger-than-expected domestic inflation data. Canada's annual inflation rate held steady. . .  Full story

Sri Lanka rupee falls on foreign outflows; shares edge down

21/08 The Sri Lankan rupee closed weaker on Wednesday for the third day running as foreign outflows from government securities weighed on the currency, in line with the trend in other emerging markets. Local shares fell.. . .  Full story