ABUJA, Feb 19 (Reuters) - Nigeria's central bank said on Monday it had injected $210 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages.The bank said in a statement it had released $100 million earmarked for the wholesale market, $55 million for small businesses and individuals, and $55 million for certain dollar expenses such as...Read More
BRASILIA, Feb 19 (Reuters) - Brazil's political affairs minister Carlos Marun said on Monday that passage through Congress of a bill to overhaul the country's costly social security system has effectively been halted and would not be put to a vote.Marun spoke to reporters after the head of the Senate, Eunicio Oliveira, said the federal government's military intervention in Rio de Janeiro would, by...Read More
(Kitco News)- The gold sector could see asupply crunch on the horizon as investment capital flows into other metals,according to a report from EY.The report from the researchfirm shows that value of merger and acquisitions in the mining sector increased15% in 2017; however, the number of transactions declined by 6% last years.“Last year we saw fewer dealsbut at better values. In 2018, we exp...Read More
(Adds detail on Brexit)By David MillikenLONDON, Feb 19 (Reuters) - Bitcoin has failed as a currency measured by standard benchmarks, and is neither a store of value nor a useful way to buy things, Bank of England Governor Mark Carney said on Monday."It has pretty much failed thus far on ... the traditional aspects of money. It is not a store of value because it is all over the map. Nobody us...Read More
LONDON, Feb 19 (Reuters) - Bitcoin has failed as a currency measured by the traditional benchmarks, and is neither a store of value nor a useful way to buy things, Bank of England Governor Mark Carney said on Monday."It has pretty much failed thus far on ... the traditional aspects of money. It is not a store of value because it is all over the map. Nobody uses it as a medium of exchange,&quo...Read More
Feb 20 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,941.60 37.60 NZX 50**8,115.25 -10.060DJIA**25,219.3819.01 NIKKEI**22,149.21428.96Nasdaq**7,239.465-16.965 FTSE**7,247.66 -47.04S&P 500** 2,732.22 1.02Hang Seng** 31,115.43599.83SPI 200 Fut 5,864.00 -39.00STI** 3,487.88 44.37SSEC**3,199.48 14.52 KOSPI** 2,442.82 20.99------------------------------------------------...Read More
LONDON, Feb 19 (Reuters) - Successful leaders need to show humility and empathy among other virtues to win the trust of citizens who see globalisation as creating inequality and low wages, Bank of England Governor Mark Carney said on Monday."While you should always marshal your facts, you must engage people's intuitions and win their trust in order to convince them. Do this through empathy,&q...Read More
The US dollar is set to descend into the month of May, before we see any kind of major support fundamentally.Inflationary factors that seem to be surfacing are putting pressure on the Fed to raise interest rates as a consequence.The CPI is a lot stronger than anticipated, and we are seeing more inflationary talk hit the markets, all of which is extremely bullish for gold. October 10, 2017 Report C...Read More
• Subdued USD price-action fails to provide fresh impetus. • Rising equities further denting safe-haven demand. Having faded an early Asian session spike to an intraday high level of $1351.40, gold entered a consolidation phase and is currently placed at the lower end of its daily trading range. The US Dollar wavered between tepid gains/mi...Read More
* De Guindos chosen after Irish rival withdrew* Move increases chances for Germany's Weidmann to replace Draghi* Spain has had no representative at ECB since 2012 (adds De Guindos quotes)By Jan Strupczewski and Francesco GuarascioBRUSSELS, Feb 19 (Reuters) - Euro zone finance ministers on Monday chose Spanish Economy Minister Luis de Guindos to succeed European Central Bank Vice President Vitor Co...Read More
BOGOTA, Feb 19 (Reuters) - Colombian electricity company Celsia said on Monday it raised 1.47 trillion pesos ($515.2 million) during a share issue, funds it will use to increase its stake in another local company and to reduce debt levels.Celsia issued 330 million shares at 4,480 pesos each after receiving demands for more than 2 trillion pesos.About half of the money will be used to buy an additi...Read More
* Graphic: World FX rates in 2018 * Graphic: Trade-weighted sterling since Brexit vote (Updates prices)By Jemima KellyLONDON, Feb 19 (Reuters) - Sterling edged lower against the dollar and euro on Monday, holding off 10-day highs hit last week, as traders awaited key wages data due later this week for clues to the pace of monetary tightening from the Bank of England. Markets have moved to price in...Read More
(Kitco News)- Although the silver market has struggled to find momentumsince the start of 2018, one investment firm is not giving up on the whitemetal.In a recent report, Maxwell Gold, director of investmentstrategy and research at ETF Securities, said that he still expects silver tooutperform gold this years, as investors adjust to growing industrial demanddue to renewed global economic growth.Th...Read More
BRASILIA, Feb 19 (Reuters) - Eunicio Oliveira, the head of Brazil's Senate, said on Monday that the federal government's military intervention in Rio de Janeiro would, by the rules of the country's constitution, block any vote on pension reform or any other measure requiring a constitutional amendment. President Michel Temer last week ordered Brazil's army to take command of all security forces in...Read More
By Bruno FederowskiSAO PAULO, Feb 19 (Reuters) - Brazilian stocks rose on Monday on thin trading volumes following a heavy batch of corporate updates.The benchmark Bovespa stock index rose 0.3 percent, supported by shares of state-controlled oil company Petr??leo Brasileiro SA on the heels of rising crude prices.Shares in electronics and appliance retailer Via Varejo SA rose 1.1 percent following...Read More
BRUSSELS, Feb 19 (Reuters) - Spanish Economy Minister Luis de Guindos said he would defend the independence of the European Central Bank after being chosen as its new Vice President from June by euro zone ministers."I have been a minister, but to be a minister is something that does not limit the defence that I make on the independence of the European Central Bank. I will defend the independe...Read More
RIGA, Feb 19 (Reuters) - Latvia's anti-corruption agency released central bank Governor Ilmars Rimsevics from custody on Monday after accusing him of soliciting a bribe.Video footage from Latvian news portal Delfi showed Rimsevics rejecting the allegations as he was released. "I disagree with it categorically," Rimsevics told reporters. (Reporting by Gederts Gelzis; Editing by Catherine...Read More
While the United Nations' International Seabed Authority (ISA) in charge of issuing mineral exploration licences has granted 26 so far, Papua New Guinea remains the only country to have granted an operating permit for ocean floor mining.Canada's Nautilus is on track to start operations at its Solwara gold, copper and silver project in the Bismarck sea off PNG in early 2019, making it the first und...Read More
Bleeding U.S. dollar.Two sides of a reserve currency's international appeal.Europe's triumphant comeback. The U.S. dollar has been bleeding recently, despite all the Fed's tightening efforts and the passage of Trump's tax cuts. An accelerating economy, rising interest rates and pro-growth reforms should logically drive the value of the American currency. But they didn't. Given the strong negative...Read More
By Elizabeth Piper and Paul SandleLONDON, Feb 19 (Reuters) - British universities must offer students value for money, Prime Minister Theresa May said on Monday, launching a review that could reduce fees and restore grants in a bid to entice younger voters who helped punish her party at an election last year.In a speech designed to show her programme for Britain is more than just its departure fro...Read More