Sunday, August 18, 2019
Home Blog Page 3
SHANGHAI/SINGAPORE (Reuters) - China’s state banks have been active in the onshore yuan forwards market this week, using swaps to tighten dollar supply and support the Chinese currency, four sources with knowledge of the matter told Reuters. The spot value of the yuan has fallen sharply this week against the dollar as tensions between China and the United...
WASHINGTON (Reuters) - President Donald Trump on Monday proposed tighter monitoring of the internet, mental health reform and wider use of the death penalty in response to two mass shootings over the weekend that left 32 people dead in Texas and Ohio. Trump, a Republican, whom Democrats have accused of stoking racial divisions, said Americans must “condemn racism,...
SHANGHAI/HONG KONG (Reuters) - China’s tumbling yuan found a floor on Tuesday morning after a firmer than expected central bank fixing and a planned bond sale in the offshore market suggested authorities wanted to contain the currency’s recent slide to new lows. The yuan’s 2.3% decline over three days and breach of its 2008 low of 7-per-dollar roiled...
NEW DELHI/SRINAGAR (Reuters) - India on Monday revoked the special status of Kashmir, the Himalayan region that has long been a flashpoint in ties with neighbouring Pakistan, moving to grasp its only Muslim-majority region more tightly. In the most far-reaching political move in one of the world’s most militarised regions in nearly seven decades, India said it would...
SYDNEY (Reuters) - Asian shares suffered their steepest daily drop in nine months on Monday, as Sino-U.S. trade friction sent the yuan slumping to a more than decade trough and stampeded investors into safe harbors including the yen, bonds and gold. Markets have been badly spooked since U.S. President Donald...
NEW DELHI (Reuters) - India’s Hindu nationalist-led government introduced a measure in parliament on Monday to revoke the special constitutional status of Jammu and Kashmir, the most far-reaching move on the disputed Himalayan region in nearly seven decades. Home Minister Amit Shah urged members of parliament to discuss the legislation that seeks...
KUALA LUMPUR (Reuters) - Malaysian state energy firm Petroliam Nasional Bhd (Petronas) said on Monday that it was not interested in acquiring a stake in India’s Bina oil refinery. “While India remains a key market for Petronas, we have no intention of acquiring any stake in the said refinery,” the company said in...
TOKYO (Reuters) - Oil prices rose more than $1 on Friday, rebounding from their biggest falls in years after U.S. President Donald Trump imposed more tariffs on Chinese imports, intensifying the trade war between the world’s two biggest economies and crude consumers. Brent crude futures slumped more than 7% on Thursday, their steepest drop in more than three...
BOGOTA (Reuters) - Colombia is looking into dozens of signs with threatening messages about Venezuelan migrants that were posted in the northeastern city of Bucaramanga and which bear the name of a crime gang, authorities said. More than 1.4 million Venezuelans have migrated to Colombia in recent years, fleeing shortages of food and medicine and political upheaval.
WASHINGTON (Reuters) - U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply raising the stakes in a bruising trade war with China and jolting global financial markets. The announcement on Thursday extends Trump’s trade tariffs to nearly all China’s imports into the United States and marks an abrupt...

MOST POPULAR

HOT NEWS