• Pound bobs on Brexit, stocks recover from Huawei scare
    AFP News53 minutes ago

    Pound bobs on Brexit, stocks recover from Huawei scare

    Relief that the United States took a step away from imposing crushing restrictions on Huawei helped stocks recover on Tuesday, while the pound whiplashed on fresh Brexit drama. After hitting a four-month low at $1.2685 the pound shot higher on speculation Prime Minister Theresa May was poised to offer

  • AFP6 hours ago

    French minister warns of far-right threat to euro

    The euro is "under threat as never before" not just because of the risks of a trade war between China and the United States but also the emergence of far-right leaders in Europe who would be happy to see its end, France's finance minister said Tuesday. "Our single currency is above

  • Reuters SG11 hours ago

    EM ASIA FX-Thai baht hit by weak GDP data; yuan up as US eases curbs on Huawei

    * Thai baht hits near 2-week low * Chinese yuan, Philippine peso, Korean won appreciate * Singapore dollar capped as Q1 growth slips (Adds text, updates prices) By Aby Jose Koilparambil May 21 (Reuters) - The Thai baht on Tuesday slipped to its weakest level in nearly two weeks on soft economic

  • Reuters11 hours ago

    EM ASIA FX-Thai baht hit by weak GDP data; yuan up as US eases curbs on Huawei

    * Thai baht hits near 2-week low * Chinese yuan, Philippine peso, Korean won appreciate * Singapore dollar capped as Q1 growth slips (Adds text, updates prices) By Aby Jose Koilparambil May 21 (Reuters) - The Thai baht on Tuesday slipped to its weakest level in nearly two weeks on soft economic

  • The European Union: 60 years of twists and turns
    AFP News3 days ago

    The European Union: 60 years of twists and turns

    From economic union via the euro to a migration crisis and Brexit, here is a look at 60 years of ups and downs in the European Union. - Birth of a European bloc - On May 9, 1950 French foreign minister Robert Schuman unveils proposals for an economic union between France and West Germany. A year later

  • Pound slides on Brexit woes
    AFP News4 days ago

    Pound slides on Brexit woes

    The pound hit multi-month lows versus the dollar and euro Friday on renewed prospects of a no-deal Brexit after Britain's Labour opposition pulled out of key talks with Prime Minister Theresa May. In the US meanwhile, President Donald Trump confirmed reports he will delay by six months a decision

  • Reuters SG4 days ago

    Britain raised FX warchest ahead of first Brexit deadline

    Britain ramped up its foreign currency reserves in the last quarter of 2018 at a faster pace than any other major country, ahead of its original March 29 deadline to leave the European Union, according to data from the International Monetary Fund. A distant second was the Turkish central bank, which

  • Reuters SG4 days ago

    EM ASIA FX-Most Asian units fall as yuan slides, China cools on trade talks

    C.bank to cut RRR (Adds text, updates prices) By Niyati Shetty May 17 (Reuters) - Most emerging Asian currencies weakened on Friday as the yuan fell through a key support level and China appeared to cool on further trade talks with the United States. A Chinese state media social media account said

  • Reuters4 days ago

    EM ASIA FX-Most Asian units fall as yuan slides, China cools on trade talks

    C.bank to cut RRR (Adds text, updates prices) By Niyati Shetty May 17 (Reuters) - Most emerging Asian currencies weakened on Friday as the yuan fell through a key support level and China appeared to cool on further trade talks with the United States. A Chinese state media social media account said

  • Global stocks mostly rise after solid US data, earnings
    AFP News5 days ago

    Global stocks mostly rise after solid US data, earnings

    Global stocks mostly rose on Thursday on more benign statements from the United States about trade and a batch of solid economic data and corporate earnings. Investors took solace in reports from Wednesday that the Trump administration would hold off for six months on imposing tariffs on auto imports

  • Associated Press5 days ago

    EU fines banks over $1 billion over foreign exchange cartel

    European Union regulators have fined five banks a total of more than 1 billion euros ($1.1 billion) for colluding in the trade of large sums of foreign currency. The European Commission said Thursday that investigators found that some bank employees in charge of spot trading in 11 currencies "exchanged

  • iREIT Global reports 2.7% lower 1Q DPU of 1.42 cents on higher expenses, forex changes
    The Edge Singapore6 days ago

    iREIT Global reports 2.7% lower 1Q DPU of 1.42 cents on higher expenses, forex changes

    SINGAPORE (May 16): The manager of iREIT Global has declared a 1Q19 distribution per unit (DPU) 1.42 cents, declining 2.7% from 1.46 cents a year ago due to higher property operating expenses and a weaker SGD/EUR exchange rate. In euro terms, DPU for 1Q fell 1.1% to 0.89 euro cent from 0.90 euro cent

  • Reuters SG6 days ago

    UPDATE 1--Offshore yuan daily turnover surged to record last week - EBS

    "Turnover remains strong as trade tensions remain high," said Jeff Ward, global head of NDFs and Forwards and head of FX Asia for EBS. U.S. President Donald Trump threatened higher tariffs on billions of dollars of Chinese imports last week, and Beijing responded with planned tariff hikes

  • Reuters6 days ago

    UPDATE 1--Offshore yuan daily turnover surged to record last week - EBS

    "Turnover remains strong as trade tensions remain high," said Jeff Ward, global head of NDFs and Forwards and head of FX Asia for EBS. U.S. President Donald Trump threatened higher tariffs on billions of dollars of Chinese imports last week, and Beijing responded with planned tariff hikes

  • Reuters SG7 days ago

    EM ASIA FX-Most Asian currencies firm as comments on US-China spat ease worries

    Most emerging Asian currencies firmed on Tuesday as conciliatory comments from the United States and China reduced investor anxiety over the escalating tariff war between the world's two biggest economies. Market sentiment was buoyed after U.S. President Donald Trump said he feels trade talks between

  • Reuters7 days ago

    EM ASIA FX-Most Asian currencies firm as comments on US-China spat ease worries

    Most emerging Asian currencies firmed on Tuesday as conciliatory comments from the United States and China reduced investor anxiety over the escalating tariff war between the world's two biggest economies. Market sentiment was buoyed after U.S. President Donald Trump said he feels trade talks between

  • Reuters SG8 days ago

    EM ASIA FX-Asian currencies ease on Sino-U.S. trade talk stalemate

    * Chinese yuan falls to more than 4-mth low * S. Korean won eases to lowest since Jan 2017 * Indian rupee slips, March industrial output falls 0.1% y/y (Adds text, updates prices) By Niyati Shetty May 13 (Reuters) - Emerging Asian currencies weakened on Monday as risk sentiment dampened over an

  • Reuters8 days ago

    EM ASIA FX-Asian currencies ease on Sino-U.S. trade talk stalemate

    * Chinese yuan falls to more than 4-mth low * S. Korean won eases to lowest since Jan 2017 * Indian rupee slips, March industrial output falls 0.1% y/y (Adds text, updates prices) By Niyati Shetty May 13 (Reuters) - Emerging Asian currencies weakened on Monday as risk sentiment dampened over an

  • Reuters SG9 days ago

    UPDATE 1-China, Singapore renew bilateral currency swap agreement

    China and Singapore have renewed a bilateral currency swap agreement worth 300 billion yuan ($43.98 billion) for three years, the central banks of the two countries said on Monday. Under the arrangement, the People's Bank of China and the Monetary Authority of Singapore (MAS) can access foreign

  • Far from Brussels, Latvians are European at heart
    AFP News10 days ago

    Far from Brussels, Latvians are European at heart

    A Latvian border guard helicopter hovers over a vast forest split by a long, narrow strip of sandy land where a fence topped with barbed wire marks the EU's border with Russia. Fifteen years after Latvia joined both NATO and the European Union, the Baltic state's remote Latgale region -- closer

  • The Week in Numbers: Trade War Escalates
    Motley Fool10 days ago

    The Week in Numbers: Trade War Escalates

    Trade war, macroeconomic data, company news and more headlines this week.

  • Reuters11 days ago

    BRIEF-Shenzhen Exchange Filing Shows Block Trade Of Hikvision Digital's Shares Involving 178.8 Mln Yuan

    May 10 (Reuters) - Hangzhou Hikvision Digital Technology Co Ltd: * SHENZHEN STOCK EXCHANGE FILING SHOWS BLOCK TRADE OF HANGZHOU HIKVISION DIGITAL TECHNOLOGY'S 6.0 MILLION SHARES INVOLVING 178.8 MILLION ...

  • German exports rise unexpectedly in March, surplus widens
    Associated Press11 days ago

    German exports rise unexpectedly in March, surplus widens

    German exports rose unexpectedly in March, outpacing import growth and widening the trade surplus for Europe's largest economy. The Federal Statistical Office reported Friday that exports rose 1.5% in ...

  • Global stock markets fall as trade tensions fester
    AFP News12 days ago

    Global stock markets fall as trade tensions fester

    World stock markets fell again on Thursday as Washington and Beijing worked to avert the collapse of negotiations to end their trade war. After months in which Washington and Beijing appeared to be moving closer to an agreement, that rosy scenario looked almost out of reach as American officials announced

  • Reuters12 days ago

    BRIEF-Shenzhen Stock Exchange Filing Shows Block Trade Of STO Express' Shares Involving 249.9 Mln Yuan On May 9

    May 9 (Reuters) - STO Express Co Ltd: * SHENZHEN STOCK EXCHANGE FILING SHOWS BLOCK TRADE OF STO EXPRESS' 12.9 MILLION SHARES INVOLVING 249.9 MILLION YUAN ($36.63 million)ON MAY 9 Source text in Chinese: ...