Forex

South African rand touches all-time low after Moody's pulls the plug

30/03 South Africa's rand hit an all-time low on Monday after ratings firm Moody's removed the country's last investment grade credit rating and downgraded it to "junk" status - although the selloff did not deepen as some expected.  Full story

Asia shares edge up, China factories show flicker of life

03h23 Asian shares managed a tentative rally on Tuesday as factory data from China held out the hope of a rebound in activity even as other countries across the globe all but shut down.. . .  Full story

Dollar gains on Japanese demand before fiscal year end, pandemic weighs on mood

02h45 The dollar rose against the yen on Tuesday as Japanese investors and companies rushed to cover a shortage of the U.S. currency before their fiscal year end, but sentiment remained fragile as the. . .  Full story

NZ business confidence plunges in March on coronavirus worries

02h07 New Zealand business confidence plummeted to a near record low in March over fears of the economic impact of the coronavirus pandemic, an ANZ Bank survey showed on Tuesday.. . .  Full story

World equity markets edge higher; oil plunges to 2002 lows

30/03 Global equity benchmarks rose on Monday despite a drop in oil prices to their lowest levels since 2002, as central banks and the United States tried to contain damage from the rapidly spreading coronavirus. . .  Full story

Mexico's peso leads Latam FX lower, Stocks edge up

30/03 Mexico's peso led Latin American currencies lower on Monday as a strong dollar and sinking oil prices weighed, with further pain seeming apparent as the coronavirus outbreak rattled the global economy.. . .  Full story

Loonie gives back some of last week's rally as oil prices slide

30/03 The Canadian dollar weakened against its U.S. counterpart on Monday as the price of oil fell and the greenback climbed against a basket of major currencies, with the loonie giving up some of the. . .  Full story

U.S. dollar gains as global easing gives temporary respite

30/03 The dollar advanced on Monday, snapping a week of declines, as investors braced for prolonged uncertainty and governments tightened lockdowns and launched monetary and fiscal measures to fight the coronavirus pandemic.. . .  Full story

Dollar may be set for another damaging bout of strength

30/03 If the 2008 financial crisis is any guide, world markets - which have barely had time to recover from the dollar's 9% surge in mid-March - may be set for another damaging bout of. . .  Full story

Sterling drops against dollar as rating cut clouds British outlook

30/03 Sterling skidded against the dollar on Monday, as the U.S. currency reasserted its safe haven status and Britain's economic outlook was knocked further by a credit ratings downgrade.. . .  Full story

Investors look past UK rating downgrade but flag risks ahead

30/03 Britain's finances put it among the most vulnerable major economies in the face of the coronavirus crisis, investors warned on Monday, even as markets appeared to look past a credit rating downgrade before. . .  Full story

Nigerian stocks drop to 8-year low after Buhari orders lockdown to fight coronavirus

30/03 Nigerian stocks fell to a new eight-year low on Monday after President Muhammadu Buhari ordered a lockdown of two of the country's biggest cities to stop the spread of coronavirus.. . .  Full story

Bank of England extends CTRF emergency liquidity measure

30/03 The Bank of England said on Monday it would extend an emergency liquidity measure, the three-month Contingent Term Repo Facility (CTRF), to run until the end of April and it would also hold a. . .  Full story

Rate-slashing Turkey set to keep blazing trail among EMs

30/03 Turkey is set to keep cutting interest rates to limit the economic impact of a surge in coronavirus cases at home and abroad, leading a monetary easing charge among emerging markets (EMs), comments from. . .  Full story

Russian c.bank warns of economic slowdown amid coronavirus

30/03 The coronavirus outbreak will result in a temporary but substantial decline in economic activity in Russia in the next few months, Russia's central bank said on Monday.. . .  Full story

IMF says ECB, ESM support key to strong EU coronavirus response

30/03 The International Monetary Fund said on Monday the relaxation of the euro zone's fiscal rules and support from the European Central Bank and the European Stability Mechanism is critical to a strong regional response to. . .  Full story

BBVA bosses to forego bonuses to help with coronavirus crisis

30/03 BBVA on Monday said senior management would forego more than 50 million euros in bonuses for 2020 as part of the Spanish bank's efforts to mitigate the impact of the coronavirus crisis but it. . .  Full story

Virus deals knock-out blow to British restaurant chain Carluccio's

30/03 Anglo-Italian restaurant chain Carluccio's entered administration on Monday, putting around 2,000 jobs at risk, after challenging trading conditions on the high street were exacerbated by the spread of coronavirus.. . .  Full story

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Saudi, UAE businesses battle cash crunch despite anti-coronavirus stimulus

30/03 Saudi Arabia and the United Arab Emirates are spending tens of billions to prop up their economies during the coronavirus crisis and oil price slump but the scaling back of state projects is blunting. . .  Full story

Swiss National Bank's liquidity injections trigger sight deposit leap

30/03 The Swiss National Bank's holding of overnight funds for commercial banks increased by the largest amount in more than five years last week, indicating how it is injecting money into the Swiss economy hit. . .  Full story

Zimbabwe brings back foreign currencies ahead of coronavirus lockdown

30/03 Zimbabwe legalised the use of foreign currencies in domestic transactions on Sunday, less than a year after abandoning dollarisation, as the country readies for a 21-day lockdown to prevent the spread. . .  Full story

Stocks, currencies ease as optimism over stimulus measures loses steam

30/03 Central European stock indexes fell and currencies eased on Monday, as massive economic support packages aiming to shore up economies battered by the coronavirus pandemic failed to reassure markets.. . .  Full story

China's overnight onshore dollar/yuan swap points fall to lowest level since 2007

30/03 China's onshore dollar/yuan swap points fell sharply on Monday as traders were scrambling for dollars to meet their quarter-end requirements.. . .  Full story

Take Five: Quarter-life crisis

30/03 1/GIVE NO QUARTER Few will regret the end of the first 2020 quarter. Fears of a U.S.-Iran war gave way to the coronavirus pandemic which JPMorgan reckons will have pushed the world economy into. . .  Full story

Stocks fall as recession fears grow

30/03 Emerging markets stocks fell on Monday with investors bracing for a sustained blow to economic activity as the coronavirus continued to spread, while South Africa's rand weakened 2% after the country lost its last. . .  Full story

Offshore investors net buyers of South African stocks, bonds

30/03 Offshore investors bought a net of 355 million rand ($19.77 million) of South African stocks last week and 5.02 billion rand in bonds, data from the Johannesburg Stock Exchange showed on Monday. STOCKS. . .  Full story

S.Korean shares close little changed amid coronavirus fears

30/03 Round-up of South Korean financial markets:. . .  Full story

UK trials new breathing aid developed by Mercedes Formula One

30/03 A new version of a breathing aid that can help coronavirus patients has been developed in less a week by a team involving Mercedes Formula One, and is being trialled at London hospitals.. . .  Full story

South Africa could seek IMF loan to fight coronavirus

30/03 South Africa has considered approaching the International Monetary Fund (IMF) and other institutions as a last resort for emergency funding to fight the coronavirus that has brought a national lockdown, the. . .  Full story

Most currencies weaken on virus panic, Indonesian rupiah falls over 1%

30/03 Most emerging Asian currencies weakened against the dollar on Monday on deepening concerns over the economic damage from the coronavirus pandemic that has killed nearly 34,000 people around the world and pushed countries to enforce. . .  Full story

Norway to boost government bond issues to pay for coronavirus lending

30/03 Norway's central bank has increased its planned issuance of government bonds this year to between 70 billion and 85 billion Norwegian crowns ($6.68 billion-$8.11 billion) from an original plan of 55 billion crowns, it said. . .  Full story

GRAPHIC-Three months that shook global markets

30/03 How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has probably been the most destructive sell-off since the Great Depression.. . .  Full story

Britain orders 10,000 ventilators from F1, aerospace consortium

30/03 Britain has ordered more than 10,000 ventilators from a consortium of leading aerospace, engineering and Formula One racing companies, with production to begin this week.. . .  Full story

Coronavirus crisis to delay Bulgaria's euro zone bid-cenbank governor

30/03 The global crisis triggered by the coronavirus pandemic will delay Bulgaria's bid to join the euro zone's "waiting room" and the European Union's banking union until 2021, central bank governor Dimitar Radev said on Monday.. . .  Full story

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ANALYSIS-Oil-rich wealth funds seen shedding upto $225 bln in stocks

30/03 Sovereign wealth funds from oil-producing countries mainly in the Middle East and Africa are on course to dump up to $225 billion in equities, a senior banker estimates, as plummeting oil prices and the. . .  Full story

Singapore eases monetary policy sharply as virus heralds deep recession

30/03 Singapore's central bank aggressively eased monetary policy on Monday as the bellwether economy braced for deflation and a deep recession this year due to the coronavirus pandemic.. . .  Full story

Australia unveils "job keeper" payments to keep economy running

30/03 Australian Prime Minister Scott Morrison on Monday committed a A$130 billion ($79.86 billion) package to help save jobs as shockwaves from the coronavirus pandemic rip through the economy.. . .  Full story

Yuan largely flat as pledge to support economy offsets dollar strength

30/03 China's yuan was broadly flat against the dollar on Monday, as action on a pledge by the top policymaking body for stronger steps to revive the economy supported sentiment, offsetting a rebound in the. . .  Full story

U.S. stimulus package is biggest ever, but may not be big enough

30/03 The Federal Reserve has offered more than $3 trillion in loans and asset purchases in recent weeks to stop the U.S. financial system from seizing up, but it has not yet directly helped large. . .  Full story

S.Korean shares fall over 2% as global shutdowns deepen

30/03 Round-up of South Korean financial markets: ** South Korean shares dived more than 2% on Monday, as global shutdowns led investors to focus once more on the spread of the coronavirus. . .  Full story

Coronavirus worries and strife: Investors fear markets not out of woods despite big rally

29/03 After a brutal meltdown, some investors have been wading back into U.S. stocks. But others are wary of another leg down as the coronavirus spreads and its economic impact is difficult to predict.. . .  Full story

South Africa sees IMF loan to fight coronavirus as last resort

29/03 South Africa would only consider approaching international agencies such as the International Monetary Fund (IMF) for emergency funding as a last resort to help in the country's fight against the coronavirus, the finance minister. . .  Full story

Three months that shook global markets

29/03 How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has probably been the most destructive sell-off since the Great Depression.. . .  Full story

South Africa announces tax relief for business hit by coronavirus

29/03 South Africa's National Treasury said on Sunday it was introducing a new tax subsidy of 500 rand ($28) per month for each worker to employers for the next four months to. . .  Full story

Governments, central banks must boost efforts to help economies cope with crisis - BIS chief

29/03 Governments and central banks need to step up efforts urgently to support their economies in the face of the coronavirus crisis, the head of the Bank for International Settlements said on Sunday.. . .  Full story

South Africa may approach the IMF for "health funding" -Mboweni

29/03 South Africa may approach the International Monetary Fund and World Bank for funding to fight the coronavirus that threatens to drag the country's economy deeper into recession, Finance Minister Tito Mboweni. . .  Full story

Oil-rich wealth funds seen shedding upto $225 bln in stocks

29/03 Sovereign wealth funds from oil-producing countries mainly in the Middle East and Africa are on course to dump up to $225 billion in equities, a senior banker estimates, as plummeting oil prices and the. . .  Full story

Bank of Korea to offer $12 bln in dollar lending from Fed currency swap

29/03 South Korea's central bank said on Sunday it will draw on its new currency swap with the U.S. Federal Reserve to provide $12 billion of U.S. dollar funding to local banks via auctions on. . .  Full story

Airbnb hosts to provide free rooms for British health workers

29/03 Airbnb hosts will provide free rooms for workers in Britain's National Health Service (NHS) to support their work during the coronavirus outbreak, the company said on Sunday.. . .  Full story

UK to help stricken businesses by easing regulation

28/03 Britain will ease regulations for stricken businesses to help them survive the coronavirus crisis, including simplifying the insolvency system to keep companies trading, Business Secretary Alok Sharma said on Saturday.. . .  Full story

UK will have done well if fewer than 20,000 die, NHS medical director says

28/03 The United Kingdom will have done well if it comes through the coronavirus crisis with fewer than 20,000 deaths, Stephen Powis, the national medical director of the National Health Service, said on Saturday.. . .  Full story

South African fuel prices to drop sharply in April

28/03 The retail price of petrol in South Africa will fall by as much as 12% from April 1, while the price of wholesale diesel will fall by around 9.5%, the energy. . .  Full story

Moody's downgrade to 'junk' adds to South Africa pain

28/03 Moody's downgraded South Africa's sovereign credit rating to "junk" status on Friday, heaping more pain on an economy already in recession and now staring down the barrel of a steep contraction. . .  Full story

Taiwan c.bank to use 'appropriate' monetary tools to deal with virus

28/03 Taiwan's central bank will use "appropriate" monetary policy tools and hold board meetings as needed to deal with the economic impact of the coronavirus, it said in a report to be presented next week. . .  Full story

South Africa's Treasury says Moody's downgrade to add to market stress

28/03 South Africa's National Treasury said on Friday that Moody's sovereign downgrade to "junk" status would add to prevailing financial market stress but that it was difficult to say with certainty what the extent of the. . .  Full story

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