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Forex - Dollar Surges to Day’s Highs as Trade Tensions Escalate

Investing.com - The dollar rose to the day’s highs against a currency basket on Tuesday and pared back some losses against the safe haven yen as heightened trade tensions between the U.S. and China soured risk appetite. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.48% to 94.86 by 08:03 AM ET (12:03 GMT), holding below Friday’s eleven-month high of 95.13. China warned Tuesday that it would retaliate swif...
Posted on: Jun 19, 2018 14:09:34 Read More

Scottish government wins fracking case against energy giant Ineos

EDINBURGH (Reuters) - Scotland's highest court has ruled in favour of a government ban on fracking which was challenged by energy giant Ineos, the Scottish government said on Tuesday. "This decision vindicates the extensive process of research and consultation which the Scottish government has undertaken since 2015," Scottish business minister Paul Wheelhouse said in a statement. "Our preferred position is not to support unconventional oil and gas extraction in Scotland (fracking), and tha...
Posted on: Jun 19, 2018 11:54:55 Read More

Asia stocks skid to four-month low as Trump raises stakes in China trade war

By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks sank on Tuesday and Shanghai shares tumbled to near two-year lows as U.S. President Donald Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war between the world's two biggest economies. U.S. and European equity markets looked set to follow Asia into the red. S&P 500 futures (ESc1) were off 1 percent and Dow Jones futures <1YMcv1> were 1.1 percent lower. Spreadbetters expected Britain's FTS...
Posted on: Jun 19, 2018 07:51:21 Read More

Цены на нефть пошли в рост, Brent дорожает более чем на 1,5 процента

ЛОНДОН (Рейтер) - Цены на нефть вышли в плюс вечером понедельника в преддверии министерской встречи ОПЕК+, на которой участники глобальной сделки должны определиться с будущей политикой. К 17.45 МСК фьючерсы на североморскую смесь поднялись на 1,62 процента до $74,63 за баррель. ...
Posted on: Jun 18, 2018 16:02:27 Read More

Forex - Dollar Hits Day’s Lows vs. Yen amid Trade Tensions

Investing.com - The dollar fell to the day’s lows against the yen on Monday as heightened trade tensions between the U.S. and China hit market sentiment, bolstering safe haven demand for the Japanese currency. USD/JPY was down 0.23% to 110.40 by 10:31 AM ET (14:31 GMT), pulling away from Friday’s three-week highs of 110.90. Market sentiment deteriorated as China's retaliatory action against trade tariffs imposed by the Trump administration reignited fears of a possible trade w...
Posted on: Jun 18, 2018 16:01:41 Read More

General Electric to cut 1,200 jobs in Switzerland

(Reuters) - General Electric (N:GE) will cut 1,200 jobs in Switzerland at its troubled power generation business, about 200 fewer than its original proposal, the U.S. industrial conglomerate said on Monday. GE had announced plans in December to cut as many as 4,500 jobs in Europe - including 1,400 in Switzerland - as it aims to reduce its global footprint by 30 percent.   The company has a workforce of about 4,200 in Switzerland. The cuts will affect 920 employees in Baden, 230...
Posted on: Jun 18, 2018 13:14:35 Read More

Курс доллара растет, а напряженность в торговле поддержала курс иены

Investing.com — В понедельник американский доллар подорожал против корзины других основных валют на фоне расхождения монетарных политик США и Европы. Японская иена сохранила поддержку из-за сохраняющейся напряженности в международных отношениях, которая приводит к повы...
Posted on: Jun 18, 2018 09:16:39 Read More

Forex - Dollar Pushes Higher, Trade Jitters Support Yen

Investing.com - The dollar pushed higher against a currency basket on Monday, boosted by the diverging monetary policy outlook between the U.S. and Europe, while the yen remained supported as trade tensions underpinned safe haven demand. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.26% to 94.69 by 03:30 AM ET (07:30 AM GMT), holding below Friday’s eleven-month high of 95.13. The index rose 1.33% last week; it...
Posted on: Jun 18, 2018 09:15:39 Read More

Time Warner, NXP Rise in Pre-market, Ford, McDonald’s, Adobe Head Lower…

Investing.com - Stocks in focus in pre-market trade Friday: • Time Warner stock (TWX) gained 1.7% by 8:04AM ET (12:04GMT) as AT&T (T) closed the acquisition shortly after the U.S. Department of Justice said it would not apply for a stay of a judge's ruling letting the deal go forward. • Ford stock (F) dropped 0.1% as the firm reported that vehicle sales in China fell 29% in May despite steps being taken by the U.S. automaker like appointing a new sal...
Posted on: Jun 15, 2018 13:24:15 Read More

Forex- Euro Rallies as Dollar Falls Amid Trade Worries

Investing.com - The euro attempted to rally from its worst week in 19 months, as the U.S. dollar fell amid trade concerns. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.19% to 94.75 as of 5:53 AM ET (9:53 GMT). U.S. President Donald Trump announced he would impose tariffs on $50 billion of Chinese goods, which will be revealed on Friday. It is unclear what goods will be impacted and when the tariffs will go into e...
Posted on: Jun 15, 2018 11:25:15 Read More

Massive Argentine Peso Plunge Worsens Emerging-Market Selloff

(Bloomberg) -- The brutal tumble of Argentina’s peso added to the list of concerns over the ability of developing economies to defend their currencies as the era of cheap money wanes. Emerging-market assets extended losses a day after the Federal Reserve’s more hawkish signals. A measure of currencies in developing nations dropped to a seven-month low, while every group in the MSCI Emerging Markets Index fell -- led by industrial, commodity and technology companies. The Ar...
Posted on: Jun 15, 2018 06:56:17 Read More

Euro falls 1 percent vs dollar and bond yields tumble on dovish ECB interest rate guidance

By Dhara Ranasinghe and Tommy Wilkes LONDON (Reuters) - Euro zone bond yields tumbled and the euro headed for its biggest daily loss versus the dollar in eight months on Thursday after the European Central Bank indicated it would not be raising interest rates through the summer of 2019. The bank's unexpectedly dovish guidance on interest rates overshadowed, at least for the time being, its statement that it aimed to wrap up its stimulus programme at the end of this year -- marking the biggest ...
Posted on: Jun 14, 2018 15:11:14 Read More

Wealth manager Rathbone to buy Scotland's largest independent rival

By Simon Jessop and Sinead Cruise LONDON (Reuters) - Wealth manager Rathbone Brothers (L:RAT) has agreed to buy its biggest independent rival in Scotland, Speirs & Jeffrey, boosting its assets by almost a fifth to 44.5 billion pounds. Rathbone said on Thursday that it will pay 104 million pounds in cash and shares, from a new share issue, for Glasgow-based Speirs' 6.7 billion pounds in assets, with further shares to be paid out if earnings targets are met. Rathbone has played a lead role ...
Posted on: Jun 14, 2018 09:54:07 Read More

Rolls-Royce to cut 4,600 jobs to save 400 million pound a year

LONDON (Reuters) - Rolls-Royce (L:RR) said it would cut 4,600 jobs primarily in the UK as part of a plan to simplify its business and save 400 million pounds ($536 million) a year by the end of 2020. The engineering company said the job cuts and overhaul of its business would cost it 500 million pounds and be spread across 2018, 2019 and 2020. It will be reported as separate one-off costs, allowing it to stick to its targets for free cash flow. "These changes will help us deliver over the mid ...
Posted on: Jun 14, 2018 06:54:14 Read More

Gold Prices Little Changed After Trump-Kim Agreement, Fed Rate Hike Ahead

Investing.com - Gold prices were little changed in midmorning trade tracking caution also seen in the dollar as the Federal Reserve’s two-day policy meeting kicked off on Tuesday. At 10:40AM ET (14:40GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange slipped 70 cents, or 0.05%, to $1,302.50 a troy ounce. On the geopolitical front, U.S. President Donald Trump and North Korean leader Kim Jong Un pledged to work toward complete denucle...
Posted on: Jun 12, 2018 15:08:10 Read More

OPEC Production Rises in May- Report

Investing.com- Crude oil production by OPEC countries rose in May, the Organization of the Petroleum Exporting Countries and Russia stated in its monthly report. Total production of OPEC countries rose by 35,000 barrels per day (bpd) in May to 31.87 million bpd. Saudi Arabia’s production increased by 9,990 bpd to 85,500 bpd from the prior month. However the higher production in Saudi Arabia, Algeria and Iraq was offset by decreased production in Venezuela, Libya and Nigeria, the...
Posted on: Jun 12, 2018 13:25:04 Read More

Global stocks, dollar rise as Trump, Kim sign 'comprehensive' document at landmark summit

By Swati Pandey SYDNEY (Reuters) - The dollar hovered near 3-week highs on Tuesday and Asian shares gained as U.S. President Donald Trump and North Korean leader Kim Jong Un signed a 'comprehensive' deal at a historic summit aimed at the denuclearisation of the Korean peninsula. Trump said the process of denuclearisation would happen "very, very quickly", adding he had formed a "special bond" with Kim and the relationship with North Korea would be very different. "The letter that we're signin...
Posted on: Jun 12, 2018 07:04:45 Read More

Oil Prices Dip Lower amid Supply Worries

Investing.com - Oil prices were lower on Monday as rising U.S. production and worry over increased supply from OPEC members continued to drag on investors. Crude oil futures decreased 0.03% to $65.72 a barrel as of 11:01 AM ET (15:01 GMT). Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., fell 0.64% to $75.97. Prices were held back slightly by concern that the U.S. is increasing production. Investors will be looking ahead to crude inventories data on ...
Posted on: Jun 11, 2018 15:34:43 Read More

Asia stocks shake off G7 jolt, U.S.-North Korea summit awaited

By Shinichi Saoshiro TOKYO (Reuters) - Asia stocks shook off initial modest losses and edged up on Monday ahead of an historic U.S.-North Korea summit that investors hope might pave the way to ending a nuclear stand-off on the Korean peninsula. Spreadbetters expected European stocks follow their Asian peers higher, with Britain's FTSE rising 0.25 percent, Germany's DAX advancing 0.17 percent and France's CACinching up 0.05 percent. Stocks wobbled in early trade after ...
Posted on: Jun 11, 2018 08:23:19 Read More

Gold Prices Little Changed amid Trump G7 Trade Threats

Investing.com - Gold prices were little changed in mid-morning trade on Friday as investors looked forward to the start of the Group of Seven summit and digested a round of trade threats by U.S. President Donald Trump. At 10:30AM ET (14:30GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange inched up 40 cents, or 0.03%, to $1,303.40 a troy ounce. In a session with no major U.S. economic data, market participants will focus on trade tensions...
Posted on: Jun 8, 2018 14:44:59 Read More