Forex

Top two African economies to drag on sub-Saharan growth this year

18/04 Economic disruption from uneven currency trading in Nigeria and continued electricity shortages in South Africa are set to hold back overall growth across sub-Saharan Africa this year, a Reuters poll of economists found on Thursday.  Full story

Sudan central bank strengthens currency to 45 Sudanese pounds to dollar - agency

21/04 Sudan's central bank on Sunday strengthened the Sudanese pound to 45 pounds to the dollar from 47.5, state news agency SUNA reported.. . .  Full story

Pakistan PM hints at further cabinet changes after "batting order" shuffle

19/04 Pakistani Prime Minister Imran Khan said on Friday that he would not hesitate to make more changes to his cabinet if required a day after a major reshuffle that saw the appointment of a. . .  Full story

-China will keep supporting economy as 'pressure' lingers - politburo

19/04 China will maintain policy support for the economy, which still faces "downward pressure" and difficulties after better-than-expected first quarter growth, a top decision-making body of the Communist Party said on Friday.. . .  Full story

China's politburo meets to discuss economic situation - Xinhua

19/04 A top decision-making body of China's ruling Communist Party met on Friday to discuss the current economic situation, the official Xinhua news agency reported.. . .  Full story

Japan's Taiyo Life to increase foreign bond holdings, eyes euro debt

19/04 Japan's Taiyo Life Insurance plans to increase foreign bond holdings in the current financial year through March 2020, a senior executive told Reuters on Friday.. . .  Full story

Turkey pins hopes on Trump to avoid sanctions over Russia missile deal

19/04 Turkey's hopes of avoiding punishing U.S. sanctions over its purchase of a Russian air defence system appear increasingly pinned on intervention from Donald Trump, but the president has little leeway to counter Ankara's many critics. . .  Full story

Japan says it's ready to respond to market volatility during long holiday

19/04 Vice Finance Minister Masatsugu Asakawa said on Friday that the Japanese authorities stood ready to respond to any excessive market volatility during the upcoming long Japanese holiday.. . .  Full story

S.Korean stocks edge higher on bargain hunting; down 0.8 pct for week

19/04 Round-up of South Korean financial markets:. . .  Full story

Japan officials quash speculation sales tax hike may be delayed

19/04 Japan's top government officials vowed on Friday to stick to a planned sales tax hike in October, barring a big economic shock, putting an end to speculation that it could be delayed again.. . .  Full story

Yuan inches up, but makes little headway for week despite upbeat China data

19/04 China's yuan inched up against the U.S. dollar at midday on Friday, steadying somewhat after the data-driven swings of the previous two sessions. The Chinese currency leapt on Wednesday after. . .  Full story

Thai growth to be on track if next govt formed by June-c.bank chief

19/04 Thailand's economy is expected to grow 3.8 percent this year as forecast if the next government can be formed by June, the central bank governor said on Friday.. . .  Full story

Taiju Life to increase foreign-bond holdings by 350 bln yen in 2019/20

19/04 Taiju Life Insurance plans to increase its holdings of foreign bonds without currency hedges by about 350 billion yen ($3.1 billion) in the financial year to March 2020, Yoshiki Nakamura, head of investment planning. . .  Full story

S.Korea stocks rebound on brisk U.S. data

19/04 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index rebounded on Friday after a loss in previous session, as. . .  Full story

Dollar steadies after upbeat U.S. data amid holiday-thin trade

19/04 The dollar steadied against a basket of currencies on Friday after hitting a 2-1/2-week high overnight as data pointed to a sturdy U.S. economy, while the euro was dented by weak manufacturing activity in. . .  Full story

Asia Rice-India rates dip as demand slows, Bangladesh to review export ban

19/04 Asian rice exporting hubs saw tepid activity this week, with prices for the staple from top exporter India dipping on lower demand, while Bangladesh mulled a review of its ban on exports of the. . .  Full story

Brexit inertia means London's finance workers face summer slump

18/04 The weeks before Easter are usually some of the busiest of the year for bankers, lawyers and consultants in the City of London, as clients rush to get deals done before a run of. . .  Full story

Stocks mixed as strong U.S. retail sales offset weak European manufacturing data

18/04 A gauge of global stocks fell on Thursday after underwhelming manufacturing surveys from Asia and Europe, though it pared losses as Wall Street edged higher on strong U.S. retail sales data and earnings from. . .  Full story

C$ weak as retail sales rise is overshadowed by U.S. data

18/04 The Canadian dollar slipped against its U.S. counterpart on Thursday, as data showing a rise in Canadian retail sales was overshadowed by strong U.S. retail sales numbers that pointed to a relatively stronger U.S.. . .  Full story

Pakistan PM Khan appoints new finance ministry chief in major reshuffle

18/04 Pakistani Prime Minister Imran Khan made a sweeping cabinet reshuffle on Thursday after only seven months in power and appointed Abdul Hafeez Shaikh as de facto finance minister to steer the country through worsening economic. . .  Full story

Gold steady as stronger dollar offsets weak Europe data

18/04 Gold held steady near a four-month low on Thursday as gains in dollar driven by data showing robust U.S. retail sales offset support for the metal from weak manufacturing data out of Europe, which. . .  Full story

Dollar gains over euro as data shows strong U.S. economy

18/04 The U.S. dollar gained to its strongest level against the euro in over a week on Thursday as data pointed to a sturdy U.S. economy, while the euro was dented by weak manufacturing. . .  Full story

Pakistan PM Khan appoints new finance minister in major re-shuffle

18/04 Pakistani Prime Minister Imran Khan made a sweeping cabinet re-shuffle on Thursday and named Abdul Hafeez Sheikh as the new finance minister to replace Asad Umar, who stepped down earlier in the day.. . .  Full story

Sudanese pound strengthens on black market after Bashir's ouster -traders

18/04 The Sudanese pound strengthened sharply on the black market on Thursday, two traders and a businessman said, as imports dwindled amid the political chaos that led to the overthrow last week of president Omar al-Bashir.. . .  Full story

STATEMENT

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UK condemns U.S. application of Cuba sanctions to foreign companies

18/04 Britain said it was concerned by new attempts by the United States to require foreign companies to abide by U.S. sanctions on Cuba that have been rejected by Britain and other European countries.. . .  Full story

Tepid growth sends investors scurrying back to German Bunds

18/04 Euro zone government bond yields were on track for their biggest one-day decline in three weeks after a business survey painted a bleak picture for German manufacturing, fuelling worries about the euro zone economy.. . .  Full story

Pakistan reserves decrease $1,028 mln to $9,243.7 mln week ending April 12

18/04 Pakistan's foreign exchange reserves decrease $1,028 million to $9,243.7 million in the week ending April 12, compared to $10,271.9 million in the previous week, central bank said on Thursday. RESERVES. . .  Full story

Sterling staggers near $1.30 despite strong UK retail sales

18/04 Sterling fell on Thursday as the dollar's rally gathered momentum, with strong British retail sales data doing little to shake the currency out of a slumber following a six-month extension to Brexit.. . .  Full story

Sri Lanka rupee rises; stocks edge higher ahead of long weekend

18/04 The Sri Lankan rupee closed 0.34 percent firmer on Thursday helped by banks' dollar sales, while stocks ended marginally higher for the fourth straight session in thin trade ahead of a long weekend. ** Many. . .  Full story

India rate panel concerned on growth, some flag inflation risks

18/04 India's interest rate setting panel expressed concerns over a slowing economy, according to minutes of its latest monetary policy meeting released on Thursday, even as a few said they feared a bounce-back in inflation.. . .  Full story

Nigeria unlikely to change forex policy, information minister says

18/04 Nigeria's current policy of multiple exchange rates for its currency, the naira, is working well, and the central bank is unlikely to change it anytime soon, the government's information minister said.. . .  Full story

Take Five: Spring growth? World markets themes for the week ahead

18/04 Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/CENTRAL PLANNING The 100 years since the Fed's creation in 1913. . .  Full story

Indonesian markets cheer as Jokowi on track for re-election

18/04 Indonesian financial markets surged after opening on Thursday, buoyed by news that incumbent leader Joko Widodo was on course to get a second five-year term, though gains were pared in the afternoon as some investors. . .  Full story

Currencies, bond yields fall on weak euro zone PMIs

18/04 Central European currencies eased and government bond yields dropped on Thursday after weak manufacturing figures from the euro zone hit the euro and boosted euro zone government bonds. Flash April. . .  Full story

Asia Coffee-Low prices in Vietnam, elections in Indonesia slow trade

18/04 Coffee trading has been slow this week in Vietnam due to weak prices, while elections in Indonesia saw traders keep to the sidelines.. . .  Full story

Emerging shares, FX fall; Indonesia buoyed by election optimism

18/04 Emerging market shares slipped in lacklustre trade on Thursday ahead of a long Easter holiday as they tracked a dip on Wall Street overnight, while developing currencies also lost ground against a stronger dollar.. . .  Full story

South Africa's rand weaker as risk demand fades before Easter

18/04 South Africa's currency traded weaker early on Thursday, shifting back above the 14.00 mark with investors closing positions and taking profits in anticipation of low volume ahead of the Easter holidays.. . .  Full story

Sterling steady before retail sales data

18/04 Sterling steadied on Thursday as traders prepared to see if British retail sales data could shake the currency out of a recent slumber.. . .  Full story

EM ASIA FX-No Asia emerging market forex report on April 19

18/04 There will be no Asia emerging markets currencies report on Friday, April 19, as most regional foreign exchange markets will be closed for Good Friday.. . .  Full story

S.Korean stocks plunge nearly 1.5 pct amid intensifying trade frictions

18/04 Round-up of South Korean financial markets: ** South Korean shares slumped 1.4 percent on Thursday as foreign investors and local institutions trimmed their equity exposure amid intensifying trade frictions. The won and the benchmark bond yield. . .  Full story

China Q1 FDI up 6.5 percent y/y in yuan terms

18/04 Foreign direct investment (FDI) into China rose 6.5 percent in January-March to 242.28 billion yuan ($36.19 billion) compared with a year earlier, the Ministry of Commerce said on Thursday.. . .  Full story

Big corporates back crypto "plumbing" despite currency caution

18/04 Major finance and tech firms are pouring money into startups building technology to develop the crypto market, even though they're steering clear of the volatile currencies themselves.. . .  Full story

China to lure more foreign investment in bonds, stocks

18/04 China aims to attract more foreign investment in its bonds and stocks as the country further opens up its capital markets, the foreign exchange regulator said on Thursday.. . .  Full story

S.Korea's c.bank trims growth outlook as rate cut bets rise

18/04 South Korea's central bank cut its 2019 growth forecast further to a seven-year low while keeping its policy rate unchanged on Thursday, bolstering chances it may soon cut rates amid sagging exports and muted inflation.. . .  Full story

Yuan eases off 1-mth high, focus back on trade after upbeat GDP

18/04 China's yuan eased off a one-month high against the U.S. dollar on Thursday, as some companies took advantage of a much stronger midpoint to load up on the greenback. After strong. . .  Full story

S.Korea stocks weaken on renewed U.S.-China trade tension

18/04 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index dropped on Thursday as renewed trade tension between the United. . .  Full story

China's c.bank sets yuan mid-point at strongest in a month

18/04 China's central bank on Thursday lifted its official yuan midpoint to 6.6911 per dollar, the strongest in a month, to reflect solid gains in spot yuan in the previous session.. . .  Full story

Latam currencies rise, Brazil stocks slide as pension vote delayed

17/04 Brazilian stocks fell on Wednesday as a crucial vote related to pension reform was postponed to next week, while currencies in Latin America were mostly higher as the dollar softened.. . .  Full story

C$ retreats from 4-week high as market distrusts inflation uptick

17/04 The Canadian dollar was little changed against its U.S. counterpart on Wednesday, pulling back from an earlier four-week high as investors doubted that a pick-up in domestic underlying inflation would be sustained.. . .  Full story

Dollar weakens vs euro after China growth data tops views

17/04 The greenback weakened against the euro on Wednesday as better-than-expected economic growth data in China bolstered risk appetite and a day ahead of the release of closely watched economic data for the euro. . .  Full story

Argentina freezes prices on staples from rice to milk in inflation 'battle'

17/04 Argentina will freeze prices on dozens of staple products, including rice, sugar and milk, in a bid to rein in rampant inflation and support hard-hit consumers ahead of national elections at the end of. . .  Full story

Gold eases as China data boosts risk sentiment

17/04 Gold eased on Wednesday, holding near the 2019 lows touched in the previous session, as economic growth data from China assuaged concerns about global growth and drove investors into riskier assets.. . .  Full story

South African rand lifted by Chinese growth; stocks flat

17/04 South Africa's rand firmed on Wednesday as an unexpected rise in economic growth in major trading partner China boosted demand for emerging market currencies worldwide.. . .  Full story

Price pressures fail to shake sterling out of slumber

17/04 Sterling struggled to make much headway on Wednesday after data showed British prices rose slightly slower than expected in March, easing the pressure on the Bank of England to tighten monetary policy.. . .  Full story

New U.S. venture capital fund launched with focus on blockchain; $50 mln funding

17/04 Proof of Capital, a U.S. venture capital fund, was launched on Wednesday with funding of $50 million, its founders said in a statement. The fund will invest in blockchain projects.. . .  Full story

China requires new private corporate bond issues to come with CDS -sources

17/04 China's securities regulator has asked brokerages to insure new bonds from private companies with credit default swaps (CDS), a move aimed at helping firms struggling to raise funds to come to the market, several sources. . .  Full story

Sri Lanka rupee edges higher; stocks rise for third session

17/04 The Sri Lankan rupee closed a tad firmer on Wednesday helped by banks' dollar sales, while stocks ended marginally higher for the third straight day in thin trade. ** Many investors were on holiday in. . .  Full story

Malaysia FTSE bond cut could mean $8 bln outflows Morgan Stanley warns

17/04 Malaysia could see outflows of almost $8 billion if its bonds are downgraded after a review by global index provider FTSE Russell, Morgan Stanley said in a research note.. . .  Full story

Pakistan's PM Khan to visit China next week, sign new pacts

17/04 Pakistani Prime Minister Imran Khan will visit China next week to meet its leaders and deliver a keynote speech at the vast Belt and Road Forum in Beijing, the South Asian nation's foreign ministry. . .  Full story

Forint outperforms in cautious region ahead of euro zone PMIs

17/04 The forint set a new 3-week high against the euro on Wednesday, outperforming Central European peers as it benefited from increased appetite for emerging market currencies and stocks. MSCI's indexes for. . .  Full story

Yuan jumps to 7-wk high on upbeat China data, liquidity tightness

17/04 China's yuan firmed to a 7-week high on Wednesday as a raft of stronger-than-expected data suggested the slowing economy may be starting to stabilise.. . .  Full story

Emerging shares, currencies cheered by China data but gains limited

17/04 Emerging market shares and currencies firmed on Monday after China's economic growth for the first quarter rose unexpectedly, but gains were limited as doubts remain if it may still be too early to call. . .  Full story

S.Korean stocks snap 13-session winning streak

17/04 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index closed lower on Wednesday to snap a 13-session winning streak as investors shrugged off upbeat data from China. The Korean won saw modest gains,. . .  Full story

China GDP lifts yuan; ringgit eases on outflow concerns

17/04 The yuan firmed on surprisingly solid Chinese economic growth data on Wednesday, which raised hopes of stabilisation in the world's second-largest economy, while Malaysia's ringgit weakened on rising capital outflow worries.. . .  Full story

Yuan strengthens on surprisingly firm China Q1 growth data

17/04 China's yuan strengthened against the U.S. dollar on Wednesday as market sentiment improved on better-than-expected first quarter Chinese economic growth data In January-March, the economy grew 6.4 percent from a year earlier,. . .  Full story

Australia dlr flies to 2-mth highs on China data, NZ$ slips on cold inflation

17/04 The Australian dollar jumped past a crucial chart hurdle on Wednesday to a two-month high after data from top trading partner China defied expectations for a slowdown, while the New Zealand dollar tumbled to. . .  Full story

S.Korea stocks subdued; won gains on solid China data

17/04 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index flitted between negative and positive territory on Wednesday, as investors locked. . .  Full story

New Zealand's slow Q1 inflation raises chance of rate cut, kiwi dlr tumbles

17/04 New Zealand's inflation slowed more than expected in the first quarter, undershooting central bank forecasts and sending the local currency skidding to a three-month low as markets raised the chances of a rate cut in. . .  Full story

BOJ ready to deploy monetary policy tools to fight crisis - deputy governor

17/04 The Bank of Japan is ready to deploy monetary policy tools if a financial crisis threatens to destabilise the country's banking system, its deputy governor Masayoshi Amamiya said on Wednesday.. . .  Full story

BOJ will scrutinise risks including financial imbalances - deputy gov Amamiya

17/04 Bank of Japan Deputy Governor Masayoshi Amamiya said on Wednesday the central bank will scrutinise potential risks to the economy, including signs of financial imbalances, in guiding monetary policy.. . .  Full story

Argentine presidential hopeful Massa says would revamp IMF deal

17/04 Argentine presidential hopeful Sergio Massa would renegotiate the country's unpopular financing deal with the International Monetary Fund if he wins office later this year, the former congressman told reporters on Tuesday.. . .  Full story

A tricky read? NZ central bank chief wrong-foots markets

17/04 Just a year into the job and Adrian Orr has managed to ruffle financial markets and economists, not exactly what the New Zealand central bank chief had in mind when he set out to. . .  Full story

Argentina unveils new measures to shield peso as inflation quickens

16/04 Argentina's inflation rate accelerated for the third straight month in March, the government statistics agency said on Tuesday, prompting the central bank to unveil fresh measures to temper raging inflation and protect the embattled peso. . .  Full story

Latam stocks rise tracking global equities; FX weakens

16/04 Latin American stocks rose on Tuesday in line with world stocks as positive data from China and Germany boosted investor sentiment, while currencies in the region slid against a firm dollar.. . .  Full story

Stocks approach new highs but healthcare stymies Wall Street

16/04 Stocks around the globe rose on Tuesday to six-month highs as positive economic data in China and Germany boosted investor sentiment, though concerns about the impact of U.S. policy on the healthcare sector paused. . .  Full story

C$ climbs off 11-day low as oil prices rise

16/04 The Canadian dollar edged higher against its U.S. counterpart on Tuesday, rebounding from an earlier 11-day low as higher oil prices offset weaker-than-expected domestic manufacturing data.. . .  Full story

Eurogroup head Centeno urges Germany to spend, Italy to be cautious

16/04 Germany should use its fiscal leeway to help foster an economic recovery, particularly in the manufacturing sector, Mario Centeno, head of the Eurogroup of euro zone finance ministers, said on Tuesday.. . .  Full story

Dollar gains as report of dovish ECB members dents euro

16/04 The euro fell against the dollar on Tuesday after reports that some European Central Bank policymakers think the bank’s economic projections are too optimistic. Several ECB policymakers said the bank's economic projections. . .  Full story

Gold falls 1 pct to 2019 low as equities, dollar gain

16/04 Gold dropped 1 percent on Tuesday to its lowest level of 2019, as a string of robust economic data boosted demand for riskier assets like equities while bullion was further weighed down by gains. . .  Full story

Sterling slips on Brexit talks concerns; volatility drops

16/04 Sterling slipped on Tuesday after a newspaper report that Brexit talks between Prime Minister Theresa May's government and the opposition Labour Party were stalling, but moves were broadly contained in a market lacking fresh triggers.. . .  Full story

Hungarian bond yields retreat on ECB growth worries

16/04 Hungarian government bond yields retreated from multi-week highs on Tuesday as worries over economic slowdown in the European Union's main economies nudged Central European yields lower. The region's yields typically. . .  Full story

Moscow Exchange names new CEO to oversee growth plans

16/04 The Moscow Exchange's board has proposed Yury Denisov as the new Chief Executive Officer to oversee the exchange's latest growth plans, replacing Alexander Afanasiev who will step down next month, the stock exchange group said. . .  Full story

Sri Lanka rupee edges down; stocks end tad firmer

16/04 The Sri Lankan rupee closed tad weaker on Tuesday, while stocks ended tad firmer in thin trade after a long weekend. ** The currency ended at 174.60/75 to the dollar, lower than Friday's close of. . .  Full story

Crypto compliance startup Chainalysis raises funding from MUFG, Sozo Ventures

16/04 New York-based cryptocurrency compliance startup Chainalysis has raised $6 million in funding from Japanese financial group Mitsubishi UFJ Financial Group Inc and venture capital firm Sozo Ventures, the company said on Tuesday.. . .  Full story

Japan to require crypto exchanges to bolster internal oversight -source

16/04 Japan's financial regulator will require cryptocurrency exchanges to strengthen internal oversight of the so-called "cold wallets" used to store digital money, a source with direct knowledge of the matter told Reuters on Tuesday.. . .  Full story

South Africa's rand inches higher as bulls reappear

16/04 South Africa's rand edged higher on Tuesday, recovering from a slide the session before as traders bet on a favourable environment for emerging markets.. . .  Full story

Stocks gain as China economic data power rally

16/04 Emerging-market shares rose on Tuesday as encouraging data from China eased fears that the world's second-largest economy was weakening.. . .  Full story

S.Korean stocks gain for 13th consecutive session; foreigners buy

16/04 Round-up of South Korean financial markets:. . .  Full story

Asian currencies subdued ahead of China GDP data, trade deal worries

16/04 Emerging Asian currencies weakened on Tuesday, as uncertainty crept back over U.S.-China trade negotiations following comments from U.S. President Donald Trump, while investors also awaited China's first quarter gross domestic product data.. . .  Full story

Yuan inches down as dollar firms on global caution

16/04 The yuan dropped slightly on Tuesday as reduced appetites for risk in global markets saw the U.S. dollar edge up, but losses were small as investors showed caution before China unveils its first quarter. . .  Full story

NZ cenbank chief says easing bias remains for now, cites economic risks

16/04 New Zealand's central bank governor Adrian Orr said on Tuesday an easing bias on interest rates will remain in place for now and that softer global economic conditions had contributed to the bank's. . .  Full story

Australia, NZ dlrs slip as policymakers talk of easing

16/04 The Australian and New Zealand dollars retreated on Tuesday as policymakers in both countries reminded markets of the risk of rate cuts, nudging bond yields lower.. . .  Full story

South Korea's c.bank to stand pat on rates; may cut growth outlook

16/04 South Korea's central bank will likely keep its base rate unchanged on Thursday, even amid easing price pressures and slowing economic growth, a Reuters poll of economists showed.. . .  Full story

Australia c.bank says easing would be "appropriate" if jobless rate rose, inflation stayed low

16/04 Australia's central bank believes a cut in interest rates would be "appropriate" should inflation stay low and unemployment trend higher, though there was still no strong case for a move in the near term.. . .  Full story

S.Korea stocks set to snap 12-day winning streak; won lower

16/04 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index is set to snap its 12-session winning streak on Tuesday. . .  Full story

Foreigners buy most U.S. Treasuries since August -data

15/04 Foreigners purchased the most U.S. Treasury securities in six months in February, suggesting some overseas appetite for low-risk government debt due to worries about a slowing U.S. economy, the U.S. Treasury Department released on Monday. . .  Full story