• British pound gets brief Johnson bounce
    AFP News2 hours ago

    British pound gets brief Johnson bounce

    The pound bounced briefly Tuesday before falling back after arch-Brexiteer Boris Johnson was announced as Britain's next prime minister. Johnson, who has vowed to take Britain out of the European Union on the October 31 deadline with or without a deal, defeated Jeremy Hunt in the race to become

  • Reuters SG2 hours ago

    UPDATE 2-London forex trading turnover surges to record high

    Britain's daily foreign exchange turnover rose to a record high in April, the Bank of England said on Tuesday, as investors concerned about central bank policy U-turns sought to protect their portfolios. The BoE's semi-annual survey, which showed daily average FX turnover in Britain jumped 12%

  • Stocks wait on Fed rate cut
    AFP News4 days ago

    Stocks wait on Fed rate cut

    European markets closed little changed Friday while Wall Street was largely flat as investors waited on a widely expected US interest rate cut to give a clear lead. Continued uncertainty about the US-China trade stand-off despite some positive commentary added to the sense of caution after interest

  • Reuters SG4 days ago

    EM ASIA FX-Most Asian units rise as dollar weakens on dovish Fed talk

    * SKorean won and Indonesian rupiah on track for 0.6% weekly gain * Markets raise bets on aggressive cut after dovish Fed talk * Thai baht strengthens after Fitch outlook upgrade (Adds text, updates prices) By Rashmi Ashok July 19 (Reuters) - Most emerging Asian currencies rose against a weaker

  • Reuters4 days ago

    EM ASIA FX-Most Asian units rise as dollar weakens on dovish Fed talk

    * SKorean won and Indonesian rupiah on track for 0.6% weekly gain * Markets raise bets on aggressive cut after dovish Fed talk * Thai baht strengthens after Fitch outlook upgrade (Adds text, updates prices) By Rashmi Ashok July 19 (Reuters) - Most emerging Asian currencies rose against a weaker

  • Canberra dismisses NZ concern over deported convicts
    AFP News4 days ago

    Canberra dismisses NZ concern over deported convicts

    Australia on Friday defended a hardline policy of deporting Kiwi convicts, despite warnings from New Zealand Prime Minister Jacinda Ardern that the issue is damaging trans-Tasman relations. Australia in 2014 introduced mandatory deportation for foreign nationals who received jail terms totalling 12

  • Stock markets downbeat on growth concerns
    AFP News5 days ago

    Stock markets downbeat on growth concerns

    Stock markets fell Thursday on concerns about an uncertain global economic outlook as disappointing company results added weight to lingering disquiet about the China-US trade war. With an expected US Federal Reserve interest rate cut already priced in and few other catalysts to drive buying, analysts

  • Reuters5 days ago

    EM ASIA FX-Korean won leads gains for most Asian FX; BOK cut seen supporting economy

    * S. Korea cenbank cuts rates, says "some policy room left" * Rupiah rises ahead of cenbank rate decision * Investors cut bearish bets on most Asian units -Reuters poll (Adds text, updates prices) By Rashmi Ashok July 18 (Reuters) - Most emerging Asian currencies rose against the dollar

  • Reuters SG5 days ago

    EM ASIA FX-Korean won leads gains for most Asian FX; BOK cut seen supporting economy

    * S. Korea cenbank cuts rates, says "some policy room left" * Rupiah rises ahead of cenbank rate decision * Investors cut bearish bets on most Asian units -Reuters poll (Adds text, updates prices) By Rashmi Ashok July 18 (Reuters) - Most emerging Asian currencies rose against the dollar

  • Wall Street stocks retreat further from records
    AFP News6 days ago

    Wall Street stocks retreat further from records

    Wall Street stocks retreated further from record levels on Wednesday, with industrial, transport and energy shares falling especially hard as earnings season picked up.

  • Reuters SG6 days ago

    EM ASIA FX-Weaker as U.S. data lessens chance of aggressive Fed easing

    * Rupiah eases, cenbank expected to cut rates on Thursday * Korean won slips ahead of BOK policy meeting * Rising crude weighs on rupee, rupiah (Adds text, updates prices) By Rashmi Ashok July 17 (Reuters) - Emerging Asian currencies weakened against a firmer dollar on Wednesday, as robust U.S.

  • Reuters6 days ago

    EM ASIA FX-Weaker as U.S. data lessens chance of aggressive Fed easing

    * Rupiah eases, cenbank expected to cut rates on Thursday * Korean won slips ahead of BOK policy meeting * Rising crude weighs on rupee, rupiah (Adds text, updates prices) By Rashmi Ashok July 17 (Reuters) - Emerging Asian currencies weakened against a firmer dollar on Wednesday, as robust U.S.

  • European stock markets advance, pound slumps
    AFP News7 days ago

    European stock markets advance, pound slumps

    European stock markets pushed higher on Tuesday, while the pound hit the lowest level versus the dollar in more than two years on Brexit deadlock. Wall Street stocks, which had set new records on Monday as an expected Fed interest rate cut continued to fuel optimism, mostly slipped as the earnings season

  • Reuters SG7 days ago

    EM ASIA FX-Most Asian currencies tread water before U.S. data as Fed clues eyed

    * Trader positioning gingerly ahead of U.S. data - analyst * Philippine peso hits highest since Jan 2018 * Indian rupee weakens the most (Adds text, updates prices) By Aditya Soni July 16 (Reuters) - Emerging Asian currencies largely held to the sidelines on Tuesday as investors were reluctant to

  • Reuters7 days ago

    EM ASIA FX-Most Asian currencies tread water before U.S. data as Fed clues eyed

    * Trader positioning gingerly ahead of U.S. data - analyst * Philippine peso hits highest since Jan 2018 * Indian rupee weakens the most (Adds text, updates prices) By Aditya Soni July 16 (Reuters) - Emerging Asian currencies largely held to the sidelines on Tuesday as investors were reluctant to

  • Reuters11 days ago

    EM ASIA FX-Most Asia currencies subdued before China data, Thai baht falters

    * Thai baht set for worst week since early March * All eyes on China June trade data, widely seen to fall * Dismal Singapore Q2 growth stokes recession fears (Adds text, updates prices) By Devika Syamnath July 12 (Reuters) - Most Asian currencies weakened on Friday as renewed doubts about the chances

  • Reuters SG11 days ago

    EM ASIA FX-Most Asia currencies subdued before China data, Thai baht falters

    * Thai baht set for worst week since early March * All eyes on China June trade data, widely seen to fall * Dismal Singapore Q2 growth stokes recession fears (Adds text, updates prices) By Devika Syamnath July 12 (Reuters) - Most Asian currencies weakened on Friday as renewed doubts about the chances

  • Branson: Pound could be just a dollar in 'no-deal' Brexit
    Associated Press12 days ago

    Branson: Pound could be just a dollar in 'no-deal' Brexit

    Virgin Group founder Richard Branson has warned that the pound's value would fall to that of the dollar if Britain leaves the European Union without a deal — a stark prediction that will fuel worries about the economic pressures facing the country. Traders see the possibility of a 'no-deal'

  • Reuters12 days ago

    EM ASIA FX-Dovish Powell boosts Asian currencies, Korean won leads

    * Sees EM Asia front and centre of Fed inspired optimism - OCBC * Korean won gains most in region * Regional monetary policy could follow Fed lead - DBS (Adds text, updates prices) By Devika Syamnath July 11 (Reuters) - Emerging Asian currencies strengthened against a weaker dollar on Thursday after

  • Reuters SG12 days ago

    EM ASIA FX-Dovish Powell boosts Asian currencies, Korean won leads

    * Sees EM Asia front and centre of Fed inspired optimism - OCBC * Korean won gains most in region * Regional monetary policy could follow Fed lead - DBS (Adds text, updates prices) By Devika Syamnath July 11 (Reuters) - Emerging Asian currencies strengthened against a weaker dollar on Thursday after

  • Nasdaq ends at record, dollar falls as US Fed signals possible rate cut
    AFP News13 days ago

    Nasdaq ends at record, dollar falls as US Fed signals possible rate cut

    Wall Street stocks cheered dovish testimony from Federal Reserve Chair Jerome Powell on Wednesday, lifting the Nasdaq to a fresh record while the prospect of looser monetary policy pressured the dollar. In the first of two days of congressional testimony, Powell said many central bankers believed the

  • EU trims economic growth forecasts amid trade tensions
    Associated Press13 days ago

    EU trims economic growth forecasts amid trade tensions

    The European Union said Wednesday it has trimmed its forecasts for economic growth next year as global trade tensions weigh on the bloc's export-focused manufacturers. The EU executive commission reduced its forecast for next year for both the 19-country eurozone and the 27 countries that are due

  • Stock markets ease on disappointment at US rate outlook
    AFP News15 days ago

    Stock markets ease on disappointment at US rate outlook

    World stock markets were mostly lower Monday on investor disappointment over the fading prospects of substantial cuts in US interest rates following better-than-expected jobs data last week, traders said. Taking their cue from an earlier sell-off in Asia, European stock markets weakened as steep reductions

  • Latvia's new president vows to tackle 'illness' of inequality
    AFP News15 days ago

    Latvia's new president vows to tackle 'illness' of inequality

    Latvia's new President Egils Levits vowed to tackle income inequality in the Baltic eurozone state as the Soviet-era dissident and former judge at the European Court of Justice was sworn into office on Monday. "We all know that Latvia is among the most unequal countries in the European Union

  • Reuters SG15 days ago

    Sovereign investors shun Europe for Asia, emerging markets

    Nearly three times as many sovereign investors plan to raise exposure to emerging markets rather than Europe this year as the continent's attraction wanes due to slowing economic growth and rising political risk, a study by asset manager Invesco showed. Europe is falling out of favour with sovereign