News

News

Forex - Sterling Hits 7-Month Lows on Household Debt, Brexit Concerns

Investing.com - The pound fell to seven-month lows Thursday as Bank of England Deputy Governor Jon Cunliffe’s warning about household debt levels and concerns over Brexit weighed. GBP/USD was down 0.26% to 1.3080 by 04:48 AM ET (08:48 AM GMT), the weakest level since November 6. Sterling came under pressure after Cunliffe said in a radio interview that he was worried that British households with high debt levels could be vulnerable in a recession. "(Household debt is) quite high by...
Posted on: Jun 28, 2018 11:31:43 Read More

U.S. oil dips as markets well supplied despite strong demand, outages

By Henning Gloystein SINGAPORE (Reuters) - U.S. oil prices dipped from three-and-a-half year highs on Thursday as physical markets remained well supplied despite record demand and ongoing disruptions. U.S. West Texas Intermediate (WTI) crude futures were at $72.55 a barrel at 0114 GMT, down 21 cents, or 0.3 percent from their last settlement. WTI hit its highest since November 2014 at $73.06 per barrel in the previous session. Brent crude futures were at $77.63 per barrel, virtually unch...
Posted on: Jun 28, 2018 09:36:26 Read More

China says carefully monitoring U.S. policies on inbound investments

BEIJING (Reuters) - China's commerce ministry said on Thursday it would carefully monitor U.S. policies on inbound investments, stressing that the country opposes using national security as grounds to restrict foreign investments. U.S. President Donald Trump said on Wednesday he will use a strengthened national security review process to thwart Chinese acquisitions of sensitive American technologies, a softer approach than imposing China-specific investment restrictions. The U.S. Treasury Depa...
Posted on: Jun 28, 2018 07:07:26 Read More

China to lift ban on imports of UK beef - Hammond

LONDON (Reuters) - China has agreed to lift a ban on imports of British beef that was imposed over a BSE crisis in the 1990s, finance minister Philip Hammond said on Wednesday. "Delighted that I have agreed with Chinese Vice Premier Hu Chunhua that China will lift the BSE ban on British beef. This is great news for British farmers," he said on Twitter. Hammond is visiting Beijing this week....
Posted on: Jun 27, 2018 14:26:23 Read More

Forex - Dollar Slips, Yen Gains as Trade Fears Weigh

Investing.com - The dollar slipped lower against a basket of the other major currencies on Wednesday, as concerns over heightened trade tensions continued to weigh on market sentiment. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, slipped 0.11% to 94.26 by 03:19 AM ET (07:19 AM GMT), after gaining 0.45% on Tuesday, snapping four straight sessions of losses. Easing concerns about U.S. trade policy had help boost the dollar, b...
Posted on: Jun 27, 2018 08:10:54 Read More

Trump Says Harley Move Abroad Would Be ‘Beginning of the End’

(Bloomberg) -- U.S. President Donald Trump accused Harley-Davidson Inc (NYSE:HOG). of using new tariffs on trade as cover for an existing plan to shift some production abroad and threatened the motorcycle manufacturer with a "big tax" on bikes imported to the U.S. if it relocates some plants overseas. The company said in a government filing Monday that it may locate some production outside the U.S. in response to European retaliation for the president’s tariffs on imported metals. But Tr...
Posted on: Jun 26, 2018 14:58:23 Read More

New BoE rate-setter Haskel strikes cautious note, sterling falls

By David Milliken and Andy Bruce LONDON (Reuters) - New Bank of England rate-setter Jonathan Haskel offered a more downbeat assessment of the British economy's readiness for higher interest rates than the official he is due to replace, in comments that weighed on sterling on Tuesday. Haskel, a professor at Imperial College in London, pointed to persistently weak wage growth and said there could be more slack in the labour market than currently estimated. While Haskel agreed with the gist of t...
Posted on: Jun 26, 2018 13:43:54 Read More

Stocks slide on intensifying trade row, dollar wobbles

By Shinichi Saoshiro TOKYO (Reuters) - World stocks extended a sell-off on Tuesday as an escalating trade fight between the United States and other major economies steered investors away from riskier assets, with markets in China bearing the brunt of investor anxiety. The tense backdrop lifted safe-haven U.S. Treasuries and kept the dollar on the defensive as financial markets worried about the wider global economic fallout of the Trump administration's "America First' agenda. Asian equities ...
Posted on: Jun 26, 2018 08:12:39 Read More

Future of Big Oil Increasingly Shaped by Fate of Global Gas

(Bloomberg) -- Big Oil’s fortunes are becoming tied more closely to natural gas than ever before. Majors including Royal Dutch Shell (LON:RDSa) Plc and BP (LON:BP) Plc have boosted their proportion of gas output in recent years, helping them trim Exxon MobilCorp (NYSE:XOM).’s lead as the world’s most valuable oil company. MeanwhileChevron Corp. (NYSE:CVX) added two giant Australian liquefied natural gas projects and Exxon is punching back with two...
Posted on: Jun 25, 2018 15:16:45 Read More

Oil Prices Mixed As Traders Digest Details Of OPEC's Output Deal

Investing.com - Oil prices were mixed on Monday, as energy investors continued to react to last week's decision by major producers to start pumping more crude to compensate for losses in global production. International benchmark Brent futures were down $1.07, or around 1.4%, at $74.25 a barrel by 6:20AM ET (1020GMT), after Friday's 3.4% jump. But U.S. crude futures on the New York Mercantile Exchange were up 14 cents, or 0.2%, at $68.72 after its own 4.6% pop Friday. Both...
Posted on: Jun 25, 2018 13:41:46 Read More

Forex - Yen Gains as Trade Tensions Flare Up

Investing.com - The safe haven yen strengthened on Monday as a fresh escalation in trade tensions between the U.S. and other major economies hit risk appetite, while commodity linked currencies slipped lower as oil prices declined. USD/JPY hit a two-week low of 109.48 overnight and was trading at 109.44 by 03:51 AM GMT (07:51 AM GMT), off 0.47% for the day. Market sentiment was hit after the Wall Street Journal reported that U.S. President Donald Trump has plans to bar many Chinese compan...
Posted on: Jun 25, 2018 09:34:51 Read More

Продажи украшений с бриллиантами в мире в I кв выросли на 7% г/г--Алроса

(Рейтер) - Продажи ювелирных украшений с бриллиантами на основных мировых рынках в первом квартале 2018 года выросли, но темп роста оказался почти вдвое медленнее, чем у мирового рынка предметов роскоши в целом, подсчитали аналитики российской компании, занимающей первое ме...
Posted on: Jun 22, 2018 14:22:05 Read More

Paulson Urges Underperforming Gold Miner to Seek a Buyer

(Bloomberg) -- Billionaire hedge-fund manager John Paulson is among investors pushing for Canadian miner Detour Gold Corporation (TO:DGC). to put itself up for sale, citing stock losses amid managerial missteps. In a letter to the Toronto-based company’s board, Paulson & Co. said directors had “failed to recruit and oversee a management team capable of operating the Detour Lake mine in a manner that delivers returns to shareholders.” The letter, a copy of which was obtaine...
Posted on: Jun 22, 2018 14:20:37 Read More

Forex- Euro Rises on Positive Eurozone Growth

  Investing.com - The euro was steady on Friday, as the U.S. dollar fell amid trade war concerns. French and German business activity in June came in higher than expected, easing concerns of a slowdown in the eurozone. EUR/USD rose 0.57% to 1.1669 as of 5:18 AM ET (9:18 GMT) while the pound was higher, with GBP/USD rising 0.52% to 1.3308. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was ...
Posted on: Jun 22, 2018 11:10:14 Read More

Oil prices climb on uncertainty over possible rise in OPEC output

By Henning Gloystein SINGAPORE (Reuters) - Oil prices rose by more than 1 percent in early Asian trading on Friday, pushed up by uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the day. Brent crude futures (LCOc1), the international benchmark for oil prices, were at $74.07 per barrel at 0034 GMT, up $1.02 cents, or 1.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $66.45 a barrel, up 90...
Posted on: Jun 22, 2018 09:24:38 Read More

Forex - Dollar Dips on Soft U.S. Factory Data, BoE Boosts Pound

Investing.com - The dollar eased after hitting the highest levels of the year on Thursday following the release of soft U.S. manufacturing data, while the pound was higher after the Bank of England laid the groundwork for an August rate hike. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, dipped 0.12% to 94.67 by 09:40 AM ET (13:40 GMT), after rising to an eleven month high of 95.07 earlier. The dollar softened slightly after...
Posted on: Jun 21, 2018 14:49:15 Read More

Talks before main OPEC meeting to debate 1 million bpd output hike - sources

VIENNA (Reuters) - Oil ministers will debate on Thursday whether to raise supplies by 1 million barrels per day as the main proposal for the upcoming meetings of OPEC and non-OPEC allies, OPEC sources said. Three OPEC sources said that if the proposal was approved, all OPEC members and their non-OPEC allies could raise supplies pro-rata, with Saudi Arabia adding about 0.25-0.3 million bpd.   Iran had yet to agree to the proposal, the sources said. Iran will join a ministerial committee m...
Posted on: Jun 21, 2018 12:00:02 Read More

Oil prices dip as Iran signals support for small OPEC supply increase

By Henning Gloystein SINGAPORE (Reuters) - Oil prices dipped on Thursday as Iran signalled it could be won over to a small rise in OPEC crude output, likely paving the road for the producer cartel to agree a supply increase during a meeting on June 22. However, prices were prevented from falling further by record refinery runs in the United States and a large decline in U.S. crude inventories, a sign of strong fuel demand in the world's biggest economy. Brent crude futures (LCOc1), the intern...
Posted on: Jun 21, 2018 07:53:51 Read More

Forex - Sterling near 7-Month Lows Ahead of Brexit Vote

Investing.com - The pound was trading close to seven month lows on Wednesday as Prime Minister Theresa May’s government faced another crunch vote on Brexit. GBP/USD hit a low of 1.3148, a level not seen since November 16 and was trading at 1.3157 by 05:44 AM ET (09:44 AM GMT), off 0.14% for the day The House of Commons was to vote on the EU withdrawal bill, the government’s flagship piece of Brexit legislation, later in the day. The government is seeking to defeat an attempt ...
Posted on: Jun 20, 2018 12:24:03 Read More

Forex - Dollar Edges Higher amid Lull in Trade Rhetoric

Investing.com - The dollar edged higher against a currency basket on Wednesday in subdued trade amid a lull in an escalating trade dispute between the U.S. and China. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.13% to 94.78 by 02:47 AM ET (06:47 AM GMT), holding below Friday’s eleven-month high of 95.13. Fears over trade tensions mounted on Tuesday after Beijing warned that it would retaliate swiftly after U...
Posted on: Jun 20, 2018 08:05:48 Read More