LONDON (Reuters) – Sterling dived on Wednesday as concerns rose that the United Kingdom may be headed for a disruptive no-deal Brexit after Prime Minister Boris Johnson moved to restrict parliamentary time before Oct. 31. Johnson said on Wednesday he would schedule a Queen’s Speech for Oct. 14 in order to launch new legislation. He […]
(Bloomberg) — Citigroup Inc (NYSE:C). has raised the possibility gold may extend its impressive rally should it breach a technical level against a major U.S. equity market benchmark, adding to positive commentary around the metal. The ratio between bullion and the S&P 500 Index is “testing key pivots that extend up to the Christmas highs,” […]
(This story corrects 5th paragraph to read that a state bank was seen in the market, not two foreign banks) By Winni Zhou and Andrew Galbraith SHANGHAI/SINGAPORE (Reuters) – China’s state banks have been active in the onshore yuan forwards market this week, using swaps to tighten dollar supply and support the Chinese currency, four […]
By Roslan Khasawneh SINGAPORE/TOKYO (Reuters) – Oil prices rose on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the Middle East Gulf, although gains were capped as Libya resumed output at its largest oil field. Brent crude futures climbed 88 cents, or 1.4%, to $63.35 […]
