By Peter Hobson LONDON (Reuters) – European finance ministers have rejected a proposal to ease new liquidity rules for banks trading gold, the London Bullion Market Association (LBMA) said. The industry says the planned rules could force some players out of the market. Due to take effect in the European Union around 2022, they form […]
By Nikhil Nainan (Reuters) – Investors turned bullish on China’s yuan for the first time in nearly eight months, a Reuters Poll showed, after Sino-U.S. trade tensions took a turn for the worse last year and consumed global markets for much of 2018. Long positions on the yuan rose to their highest since mid-May, the […]
By Saikat Chatterjee LONDON (Reuters) – The dollar held near a three-week high on Wednesday after the Bank of Japan left monetary policy unchanged, boosting risk appetite and sending the yen lower. With Tokyo sounding a cautious note on the outlook for global growth, attention shifted to the European Central Bank, which meets on Thursday. […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices inched up on Wednesday after China said it would raise spending to stem an economic slowdown that has been weighing on financial markets. International Brent crude oil futures were at $61.85 per barrel at 0624 GMT, up 35 cents, or 0.6 percent, from their last close. U.S. […]
By Henning Gloystein SINGAPORE (Reuters) – Amid increasing signs of China’s industrial slowdown in 2019, data this week showing record oil and natural gas imports likely indicates a country at peak energy growth, with its thirst set to wane as the slowdown bites. China’s record intake for both crude oil and liquefied natural gas (LNG) […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices fell on Tuesday on signs that an economic slowdown in China, the world’s second-largest economy and oil consumer, was spreading, stoking concerns over future fuel demand. The gloomy economic news has pulled down financial markets across Asia, including crude oil futures. International Brent oil futures were at […]
By Saikat Chatterjee LONDON (Reuters) – The dollar held at a near three-week high on Tuesday as investors sought the relative safety of the U.S. currency after the International Monetary Fund cut its forecasts for the world economy in 2019 and 2020. The dollar has been considered a consensus short trade since the end of […]
By Tom Finn LONDON (Reuters) – The euro on Friday was headed for its biggest weekly rise in over four months with the dollar weakening on cautious signals from the Federal Reserve about further rate hikes. The euro has been stuck in a $1.12-$1.15 range for the last three months due to growth fears and […]
