Better-than-expected U.S. growth data lifted the dollar on Thursday as the euro fell amid worries about tensions between Ukraine and Russia.» Read More
China's bond market is booming with record issuance and strong demand, but it has been a speculative play dominated by Chinese issuers and investors.
HONG KONG, Aug 6- China's offshore bond market looks to be booming with record issuance and strong demand, but rather than the global market that was hoped for it has been a speculative play on the yuan dominated by Chinese issuers and investors.
JAKARTA, Aug 5- Indonesia's economy unexpectedly failed to gain traction in the second quarter due to weak investment and exports, underscoring problems the new president will need to deal with to get the country's growth rate back up.
The Reserve Bank of Australia on Tuesday left interest rates steady at a record low of 2.5 percent for the 12th month, as expected.
The $6.6 billion bailout of Portugal’s largest bank poses a warning on exposure to “fragile” emerging markets, analysts have cautioned.
Lawsuits over an estimated $900 million exposure to a suspected metal financing fraud in China are hindering a recovery in metal trade.
HONG KONG/ SHANGHAI, Aug 4- As global banks and trading houses fire off lawsuits over their estimated $900 million exposure to a suspected metal financing fraud in China, the tangled legal battle to recoup losses is set to drag on for years and hinder a swift recovery in metal trade.
*Food and medicine exempt from U.S., EU sanctions on Iran. LONDON/ ANKARA, Aug 1- It should have been a routine delivery of vegetable oil to Iran for making margarine; instead the tanker spent months in the Gulf as banks held up payment for the cargo, fearing they would run foul of international sanctions.
The dollar hovered around 10-month highs ahead of U.S. jobs data on Friday.
As markets see rising volatility amid uncertainty over the timing of the Fed's rate hike, strategists advise investors to keep calm and carry on.
SYDNEY/ SINGAPORE, Aug 1- Dollar bulls took a breather on Friday ahead of a closely watched jobs report that has the potential to make or break a rally that saw the greenback post its best monthly performance in over a year. Against the yen, the dollar edged up 0.1 percent to 102.89 yen but stayed below a four-month high of 103.15 yen struck on Wednesday.
July 30- Only days before U.S. authorities reached a landmark $8.97 billion settlement with BNP Paribas over the bank's dealings with countries subject to U.S. sanctions, New York Governor Andrew Cuomo intervened to ensure the state government got a much bigger share of the proceeds, according to three people familiar with the situation.
BEIJING, July 30- Activity in China's vast factory sector likely expanded at the fastest pace in eight months in July, a Reuters poll showed on Wednesday, adding to evidence that the economy is regaining momentum after a burst of government stimulus measures.
The ties between Britain’s banks and its economy have always been close, but they seem to have become even tighter in the post-banking bailout era.
LONDON, July 28- The Bank of England won backing from the International Monetary Fund on Monday for keeping interest rates low, even as the IMF welcomed signs that Britain's surprisingly strong economic recovery is broadening.
Standard Chartered has called a halt to its grand expansion as it seeks to conserve capital amid the worst drop in profits for more than 12 years.
China shares may be seeing a flood of bullish calls after years of underperformance, but some analysts remain solidly pessimistic on the market.
China's debt has soared to two and half times its economy from 147 percent at the end of 2008, Standard Chartered estimates.
*Economists say Germany's fundamentals still solid. BERLIN/ FRANKFURT, July 21- The German economy probably stagnated in the second quarter in the face of political tensions abroad, the Bundesbank said on Monday, but chances are its recovery will not be held up for long by conflicts on the rim of Europe.
*Gulf banks reducing loan fees, easing terms. *Eager to deploy cash supplies amid high oil prices. DUBAI, July 21- Cash-rich Gulf banks are grabbing a growing share of the region's loan market as they cut fees and ease terms, elbowing aside some of the foreign banks which used to dominate lending.