Dollar hovers near one-week low as Evergrande questions persist

TOKYO (Reuters) – The dollar hovered above a one-week low versus major peers on Friday, taking a breather after its biggest drop in almost a month overnight, as questions lingered about the fate of embattled property giant China Evergrande Group.FILE PHOTO: U.S. dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose… Continue reading Dollar hovers near one-week low as Evergrande questions persist

GRAINS-Wheat lingers near 2-week high on global supply worries

CANBERRA, Sept 24 (Reuters) – U.S. wheat futures edged higher on Friday to linger near a two-week high as concerns about global supplies stemming from adverse weather pushed the grain towards its second straight weekly gain. FUNDAMENTALS * The most active wheat futures on the Chicago Board Of Trade were up 0.1% at $7.18-3/4 a… Continue reading GRAINS-Wheat lingers near 2-week high on global supply worries

GLOBAL MARKETS-World shares at one-month low, default fears stalk China Evergrande

* World FX rates: tmsnrt.rs/2egbfVh * HK stocks at 11-month low as fears rise of Evergrande default * Canada and German elections add to uncertainty * Fed tapering details awaited in c.bank meeting later in the week Sept 20 (Reuters) – World shares skidded and the dollar firmed on Monday ahead of a week packed… Continue reading GLOBAL MARKETS-World shares at one-month low, default fears stalk China Evergrande

FOREX-Evergrande worries drag risk FX lower, dollar catches safety bid

* Yuan skids from 3-mth highs to 3-wk lows on Evergrande worries * Dollar index at 4-week high on safety bid * Risk/commodity FX hit LONDON, Sept 20 (Reuters) – The offshore Chinese yuan skidded to three-week lows on Monday, dragging lower other risk and commodity currencies, while the safe haven dollar rose as worries… Continue reading FOREX-Evergrande worries drag risk FX lower, dollar catches safety bid

Dollar hits three-week high, boosted by recent upbeat data, Fed taper view

NEW YORK/LONDON (Reuters) -The dollar climbed to three-week peaks on Friday, still benefiting from better-than-expected U.S. retail sales data released on Thursday that backed expectations for a reduction of asset purchases by the Federal Reserve before the end of the year.FILE PHOTO: U.S. One dollar banknotes are seen in front of displayed stock graph in… Continue reading Dollar hits three-week high, boosted by recent upbeat data, Fed taper view

Wall Street subdued as China data adds to growth doubts

NEW YORK (Reuters) – Global shares were off slightly on Wednesday as cooling inflation eased some fears of an early reduction in monetary stimulus, while a slowing economic recovery and uncertainty over higher taxes kept gains in check.FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York… Continue reading Wall Street subdued as China data adds to growth doubts

Dollar trades near one-week lows after soft U.S. inflation

LONDON (Reuters) – The dollar traded near a one-week low against peers on Wednesday after softer-than-expected U.S. inflation figures tempered immediate expectations about Federal Reserve tapering while disappointing Chinese data weighed on the yuan and Aussie.FILE PHOTO: U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8,… Continue reading Dollar trades near one-week lows after soft U.S. inflation

Asia shares mixed, dollar steady ahead of U.S. inflation

HONG KONG (Reuters) – Asia’s share markets were mixed and the dollar held steady on Tuesday, with investors awaiting U.S inflation data for more clues on when the Federal Reserve will taper stimulus.FILE PHOTO: A man watches an electric board showing Nikkei index outside a brokerage at a business district in Tokyo, Japan, June 21,… Continue reading Asia shares mixed, dollar steady ahead of U.S. inflation

Oil climbs to one-week high on U.S. supply concerns

FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson SINGAPORE (Reuters) – Oil prices climbed on Monday to a one-week high in a second straight session of gains as concerns… Continue reading Oil climbs to one-week high on U.S. supply concerns

Take Five: Take it away, Christine

(Reuters) – 1/EYES LIKE A HAWKFILE PHOTO: European Central Bank President Christine Lagarde adjusts her protective face mask as she arrives at a meeting of Eurogroup Finance Ministers at the European Council building in Luxembourg, Luxembourg June 17, 2021. Francisco Seco/Pool via REUTERS/File PhotoThe European Central Bank meeting ends on Thursday, and a deluge of… Continue reading Take Five: Take it away, Christine

RPT-COLUMN-As stocks soar, profit upgrades ignore GDP cuts :Mike Dolan

(Repeats story with no change to text. The author is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own) LONDON, Sept 3 (Reuters) – The stock market juggernaut appears unstoppable at first glance, but there’s a gnawing concern about continuous profit upgrades just as economists scramble to scale back… Continue reading RPT-COLUMN-As stocks soar, profit upgrades ignore GDP cuts :Mike Dolan

Buyers of long-term LNG ask sellers for extra cargoes – sources

SINGAPORE (Reuters) – Liquefied natural gas (LNG) buyers with long-term contracts are asking their suppliers for extra volumes of the super-chilled fuel pegged to oil prices which are currently much lower than spot prices, several trade and industry sources told Reuters.FILE PHOTO: A South Korean-owned LNG tanker vessel is seen at Sembawabg shipyard in Singapore… Continue reading Buyers of long-term LNG ask sellers for extra cargoes – sources

GLOBAL MARKETS-Shares shrug off growth worries

* Euro STOXX 600 up 0.9%,just off record highs * Travel & leisure, insurance stocks among gainers * Investors shrug off weak Asia data * Dollar near three-week lows LONDON, Sept 1 (Reuters) – World stocks climbed on Wednesday, with investors looking beyond economic data that pointed towards slowing growth to focus on a likely… Continue reading GLOBAL MARKETS-Shares shrug off growth worries

GLOBAL MARKETS-Asian shares rise, dollar near three-week low

HONG KONG, Sept 1 (Reuters) – Asian shares recovered from earlier losses on Wednesday even as data in several markets suggested global economic growth is slowing, while the dollar inched up from three-week lows. MSCI’s broadest index of Asia-Pacific shares outside Japan turned positive, up 0.32% to its highest since early August, having posted gains… Continue reading GLOBAL MARKETS-Asian shares rise, dollar near three-week low

Stocks set new records as August ends in buoyant mood

LONDON (Reuters) – Stock markets set new record highs on Tuesday as investors ended August in a buoyant mood, confident of an ongoing economic recovery and that the Federal Reserve’s eventual paring back of its stimulus would not knock asset prices anytime soon.FILE PHOTO: The German share price index (DAX) board is seen at the… Continue reading Stocks set new records as August ends in buoyant mood

REFILE-GLOBAL MARKETS-Asia shares ease as weak China data weighs

(Refiles to correct analyst surname in para 11) * Graphic: Global asset performance tmsnrt.rs/2yaDPgn * Graphic: World FX rates tmsnrt.rs/2egbfVh HONG KONG, Aug 31 (Reuters) – Asia stock markets opened lower on Tuesday despite fresh all-time highs on Wall Street, as worries about China’s slowing economic growth and regulatory changes weighed on investor sentiment. MSCI’s… Continue reading REFILE-GLOBAL MARKETS-Asia shares ease as weak China data weighs

US Global Investors bought crypto exposure through Grayscale funds

Texas-based investment manager U.S. Global Investors, which reported $4.6 billion in assets under management as of Q1 2021, has bought exposure to Bitcoin. According to Aug. 30 filings from the U.S. Securities and Exchange Commission, U.S. Global Investors added more than $566,389 worth of shares of Grayscale Bitcoin (BTC) Trust, or GBTC, to three of… Continue reading US Global Investors bought crypto exposure through Grayscale funds

Exit game: Central banks' shift from crisis policies gathers momentum

(Makes clear in paragraph 11 the Hungarian central bank has raised rates three times this summer, not twice)FILE PHOTO: European Central Bank Chief Economist Philip Lane speaks during a Reuters Newsmaker event in New York, U.S., September 27, 2019. REUTERS/Gary He(Reuters) -While the financial world waits for the Federal Reserve to start reversing its ultra-loose… Continue reading Exit game: Central banks' shift from crisis policies gathers momentum

Dollar holds firm as Fed hawks urge early taper ahead of Powell's speech

TOKYO (Reuters) – The dollar held firm on Friday after the U.S. Federal Reserve’s hawkish wing called for tapering bond purchases as investors looked to a highly-anticipated speech by Fed Chair Jerome Powell later in the day.FILE PHOTO: A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/IllustrationThe dollar index… Continue reading Dollar holds firm as Fed hawks urge early taper ahead of Powell's speech

Shares tap the brakes, bonds sense caution

LONDON (Reuters) – World shares tapped the brakes on Thursday as China troubles struck again, while Europe’s bond markets steadied after confident-sounding ECB policymakers had caused their sharpest selloff in six months.FILE PHOTO: Investors look at computer screens showing stock information at a brokerage house in Shanghai, China, April 21, 2016. REUTERS/Aly Song//File PhotoThe Federal… Continue reading Shares tap the brakes, bonds sense caution

Dollar soft as traders look to Jackson Hole for taper clues

TOKYO (Reuters) – The dollar held near a one-week low on Thursday with investors eyeing the Fed’s Jackson Hole symposium for clues on the timing of a tapering of monetary stimulus.FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao/File PhotoThe dollar index, which measures the… Continue reading Dollar soft as traders look to Jackson Hole for taper clues

Oil prices rebound from 7-day losing streak as investors snap up bargains

TOKYO (Reuters) – Oil prices reversed out of a seven-day losing stretch on Monday as investors punted on crude at bargain levels, though lingering fears over how a surge in globalCOVID-19 cases might affect fuel demand combined with a firmer U.S. dollar to limit gains.FILE PHOTO: A petrol station attendant prepares to refuel a car… Continue reading Oil prices rebound from 7-day losing streak as investors snap up bargains

Asian shares fall, dollar gains after Fed minutes

HONG KONG (Reuters) – Asian shares fell on Thursday while the dollar reached multi-month highs against peers, after minutes from the U.S. central bank’s last meeting showed the increasing prospect of reduced monetary stimulus this year.Slideshow ( 2 images )MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.63%, heading back towards 2021 lows set… Continue reading Asian shares fall, dollar gains after Fed minutes

Inching closer to global agreement on taxing the sustainable digital economy

In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain. Since 2013, the Organization for Economic Cooperation and Development, or OECD, has been discussing the base erosion… Continue reading Inching closer to global agreement on taxing the sustainable digital economy