- Russia increased its holdings to 1,857 tons, topping the People's Bank of China's 'reported' 1,843 tons- Russia surpasses China as 6th largest holder of gold reserves - after U.S., Germany, IMF, Italy and France- Turkish central bank added 205 tons "over 13 consecutive months" - Commerzbank- Meanwhile, Russian ally Venezuela is launching a new gold-backed cryptocurrency next weekRussia has...Read More
Feb 23 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- EU citizens who arrive in Britain during the post-Brexit transition period will be allowed to stay permanently under a U-turn planned by Prime Minister Theresa May. - Euro-zone rate setters have accused Washington...Read More
* Dollar slips after rally from 3-year lows fades* Dollar index still on track to gain 0.7 pct on the week* Japan's Jan inflation pace unchanged, yen shows little reaction By Shinichi SaoshiroTOKYO, Feb 23 (Reuters) - The dollar sagged broadly on Friday after its recovery this week faded as U.S. Treasury yields declined from their recent peaks.The dollar index against a basket of six major curren...Read More
* Q4 net profit S$22.8 mln, down 85 pct from year-ago* Sees cash proceeds of S$500 mln from utilities assets sale* Says filed prospectus for India energy business IPO (Adds details)SINGAPORE, Feb 23 (Reuters) - Singapore's Sembcorp Industries said on Friday it expects to raise about $380 million from the sale of some utilities assets and plans to list its Indian energy business, as it reported a p...Read More
Feb 22 (Reuters) - U.S. Treasury Secretary Steven Mnuchin said the policies of President Donald Trump's administration will raise wages without leading to broader inflation, Bloomberg reported on Thursday."You can have wage inflation and not necessarily have inflation concerns in general," Mnuchin told Bloomberg in an interview. ( ) (Reporting by Kanishka Singh in Bangaluru) Disclaimer:...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +2.2 pct, CSI300 +2.2 pct, HSI -1.5 pct* HK->Shanghai Connect daily quota used 8.7 pct, Shanghai->HK daily quota used 32.2 pct* HK->Shenzhen Connect daily quota used 10.8 pct, Shenzhen->HK daily quota used 19.4 pct* CNY official close 6.3565 per dollar* FTSE China A50 +2.2 pct, BNY Mellon ADR China Select Index +0.4 pct SHANGHAI, Feb 23 (Reuters...Read More
* Jan nationwide core CPI up 0.9 pct yr/yr vs f'cast +0.8 pct* Excluding energy, volatile food CPI up 0.4 pct yr/yr* Subdued inflation to keep BOJ from exiting stimulus (Adds analyst quote)By Leika KiharaTOKYO, Feb 23 (Reuters) - Japan's core consumer inflation was steady in January from a year earlier in a sign a strengthening economy has yet to prompt companies to raise prices, a challenge polic...Read More
Feb 23 (Reuters) - For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington -----------------------------------------------------------This Diary is filed daily.** Indicates new events ----------------------------------------------------------- FRIDAY, FEBRUARY 23 SYDNEY - Reser...Read More
Feb 23 (Reuters) -For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- FRIDAY, FEBRUARY 23 STOCKHOLM - Swed...Read More
Feb 23 (Reuters) - For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington DATE COUNTRY AUCTION DETAILS 23-FebItaly Zero-coupon/BTPi auction 26-FebItaly Bills auction 27-FebJapan Auction of 2-year government bonds 27-FebItaly Medium-long term auction 27-FebBelgium Auction of Trea...Read More
SINGAPORE, Feb 23 (Reuters) - Singaporean industrial conglomerate Sembcorp Industries said on Friday it has begun the process for an initial public offering of its Indian energy business and was planning to sell some utilities assets as part of its strategic review.The company said it expected the divestments to provide estimated cash proceeds of up to S$500 million ($379.19 million). This did not...Read More
(Adds detail, context)* Jan nationwide core CPI up 0.9 pct yr/yr vs f'cast +0.8 pct* Excluding energy, volatile food CPI up 0.4 pct yr/yr* Subdued inflation to keep BOJ from exiting stimulus By Leika KiharaTOKYO, Feb 23 (Reuters) - Japan's core consumer inflation was steady in January from a year earlier in a sign a strengthening economy has yet to prompt companies to raise prices, a challenge p...Read More
(Adds details on funds, analyst comment, table)By Trevor HunnicuttNEW YORK, Feb 22 (Reuters) - U.S. fund investors inched back in to the markets during the most recent week, putting $2.5 billion into bonds and $1.1 billion into stocks, Lipper data showed on Thursday.Yet wounded investors were reluctant to wade back in to their home market, with domestic equity funds recording a third straight week...Read More
Gold traders witnessed a return to calmer waters as the wild price swings from yesterday’s release of January’s FOMC meeting minutes have subsided.It seemed as if yesterday’s price action was a battle between the hawks and the doves. The initial dovish sentiment perceived in the minutes released yesterday quickly turned hawkish as traders and analysts adjusted their interpretatio...Read More
Zimbabwe's Minister of Mines, Winston Chitando, held a press conference this week to announce that, following its one-year break, the country has resumed diamond auctions and expects to sell 1.558 million carats of diamonds over the next two months.According to Chitando, the Zimbabwe Consolidated Diamond Company will conduct separate auctions in March and April to sell all the diamonds it has stoc...Read More
* Seasonally adjusted retail sales rise 1.7 pct* Sales grew just 0.2 pct in previous quarter* Groceries and dining out drive growth, car sales also pick up (Recasts; adds market reaction, details, analyst quote)By Charlotte GreenfieldWELLINGTON, Feb 23 (Reuters) - New Zealand retail sales picked up the pace in the fourth quarter, rising 1.7 percent as consumers splashed out on groceries and dining...Read More
BRUSSELS, Feb 23 (Reuters) - The strong euro currency is a "point of attention" for policymakers at the European Central Bank, Belgium's ECB Governing Council member Jan Smets said.The single European currency's value increased by some 15 percent against the dollar in 2017 and has since jumped by another 3 percent, lowering the cost of imports and therefore inflation in the 19 countries...Read More
By Miguel Angel Gutierrez and Sheky EspejoMEXICO CITY, Feb 22 (Reuters) - Latin American currencies gained on Thursday as the U.S. dollar's rally from a three-year low last week ran out of steam, with the Mexican peso strengthening more than 1 percent on strong bets Mexico's central bank could again hike interest rates. Minutes of the latest monetary policy meeting showed Mexico's central bank boa...Read More
(Compares with analyst estiamtes, adds details on Q4 results)Feb 22 (Reuters) - First Solar Inc reported a lower-than-expected loss in the fourth quarter on Thursday as the largest U.S. solar panel maker sold more solar modules to corporate and utility customers.However, the company's 2017 net sales missed its forecast and it lowered the gross margin outlook for 2018, sending the shares down 4.3...Read More
The President and CEO of Canada's Mandalay Resources (TSX:MND), Mark Sander, dubbed 2017 as a challenging year for his company.In a press release outlining Mandalay's unaudited 2017 fourth quarter and full-year financial results, Sander said that the company generated 12 per cent lower revenue last year compared to 2016. Suspension of production at its Cerro Bayo underground silver-gold complex in...Read More