June 9 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling unit diary Today in Washington Political and general news -----------------------------------------------------------This Diary is filed daily. Indicates new events----------------------------------------------------------- FRIDAY, JUNE 9 ** OTTAWA - Canadian Finance Minister Bill Morneau holds talks with U.S. Treasury Se...Read More
British Prime Minister Theresa May faces a "huge post-mortem" about her general election campaign and questions about the direction of the Conservative Party, former finance minister George Osborne said on Friday.Osborne, a cabinet colleague of May's until she ousted him as finance minister, said May would remain as prime minister if she can win a majority - something an exit poll on Thursday show...Read More
* British exit polls point to hung parliament in blow for May* Pound down 1.4 pct after dropping as much as 2 pct vs dollar* Movements in dollar, euro and yen limited, Comey taken in stride By Shinichi SaoshiroTOKYO, June 9 (Reuters) - The pound fell sharply in early trade on Friday after a British election exit poll showed Prime Minister Theresa May's Conservative Party falling short of a majori...Read More
By Kate Holton and David Milliken | LONDONPrime Minister Theresa May's Conservative Party will fail to win a parliamentary majority in Britain's election, according to an exit poll on Thursday, a shock result that would plunge domestic politics into turmoil and could delay Brexit talks.The exit poll predicted the Conservatives would win 314 seats in the 650-member parliament and the opposition Lab...Read More
James Comey kept memos of his meetings with President Donald Trump because he was worried he would lie about their interactions, he told the Senate Intelligence Committee on Thursday. The former FBI director said he felt the need to document his time with Trump because they were alone, because of the subject matter, and "because of the nature of the person" in sworn testimony. "I was honestly c...Read More
LIMA, June 8 (Reuters) - Peru's central bank held its benchmark interest rate at 4 percent on Thursday, a surprise decision as the market had been expecting a cut.A Reuters poll had seen the bank cutting the rate 25 basis points to 3.75 percent. Last month, the bank cut the benchmark rate 25 basis points, the first time the rate had moved in 14 months. (Reporting by Ursula Scollo; Writing by Gram...Read More
* Graphic: World FX rates in 2017 * Euro falls after ECB keeps rates on hold* Nasdaq closes at record high, Dow hits record intraday high* Sterling slides as poll predicts May failed to win majority* Top European share index briefly touches 3-week low* Oil prices touch 1-month lows (Adds moves in U.S. stock and Treasury futures)By Noel RandewichJune 8 (Reuters) - U.S. and European stocks were litt...Read More
The market has no clue that it has severely undervalued the price of gold. While Central bank intervention has worked hard at capping the gold price, the "Great Gold Supply Disconnect" will most certainly remedy that situation. This gold supply disconnect took place after the gold price peaked in 2011.That being said, the world is speeding recklessly towards an epic market catastrophe. No, t...Read More
June 9 (Reuters) - Australian shares are set to open flat on Friday as a slew of geopolitical uncertainties are seen keeping market sentiment skittish.An exit poll on Thursday said Prime Minister Theresa May's Conservative Party would fail to win a parliamentary majority in Britain's election, while Australian police were seen carrying out "counter-terrorism" raids in Melbourne early on Friday.The...Read More
(Recasts with rise in Mexican peso; adds details on Mexico, Brazil currency gains)June 8 (Reuters) - Mexico's peso on Thursday hit its strongest level since the election of Donald Trump as U.S. president, while Brazil's currency firmed on bets a trial will not oust President Michel Temer.The peso gained after data showed a jump in inflation to an eight-year high, backing expectations of more centr...Read More
(Adds detail on U.S.-based commodities precious metals funds, emerging market equity and fixed-income funds; table)By Sam Forgione and Jennifer AblanNEW YORK, June 8 (Reuters) - Investors in U.S.-based funds poured $1.4 billion into mutual funds and exchange-traded funds that invest in U.S. Treasuries in the week ended June 7, marking the biggest inflows since late January, data from Thomson Reute...Read More
By Estelle Shirbon and Michael Holden | LONDONPrime Minister Theresa May's Conservative Party will fail to win a parliamentary majority in Britain's election, according to an exit poll on Thursday, a result that would plunge domestic politics into turmoil and could delay Brexit talks.The exit poll predicted May's party would not win a majority of the 650 seats in parliament to take office alone, m...Read More
Two key events occurred today which have had an adverse impact on gold prices, being cited as underlying factors for today's dramatic selloff. Beginning in Europe, the European Central Bank (ECB) held a monetary policy meeting which resulted in unchanged interest rates. This put selling pressure on the Euro dollar and was, therefore, favorable for the U.S. dollar.As reported by Pound Sterling, "Th...Read More
SAO PAULO, June 8 (Reuters) - State-controlled Petr??leo Brasileiro SA has removed the engineering unit of Brazilian conglomerate Andrade Guti?(C)rrez SA from a list of banned contractors, after the latter signed a leniency accord with prosecutors over a corruption scandal.In a Thursday securities filing, Petrobras said terms of an accord with Andrade Guti?(C)rrez include unspecified monitoring an...Read More
Sterling sank more than 2 cents against the U.S. dollar after an exit poll on Thursday unexpectedly showed Prime Minister Theresa May falling short of an overall parliamentary majority in Britain's election.By 2107 GMT, the pound traded down 1.5 percent on the day at $1.2766, having fallen as low as $1.2705 GBP= in the minutes after the projection was released by UK broadcasters. The pound also fe...Read More
OXFORD, England, June 8 (Reuters) - The Bank of Japan has far to go to reach its 2 percent inflation target, but its ultra-loose monetary policy has helped stabilise public inflation expectations, BOJ Governor Haruhiko Kuroda said on Thursday.Japanese core consumer prices rose just 0.3 percent in April from a year earlier, as companies remain wary of raising prices for fear of scaring away price-s...Read More
(Adds analyst comment, details, updates prices to close)* TSX ends up 50.95 points, or 0.33 percent, at 15,423.09* Six of the TSX's 10 main groups slip; financials gain 1 pct By Alastair SharpTORONTO, June 8 (Reuters) - Canada's main stock index gained on Thursday, helped by rises for some of the country's biggest banking stocks and a sharp jump in Valeant Pharmaceuticals but weighed down by los...Read More
Prime Minister Theresa May will win 314 seats in Britain's election, short of a majority in the 650-seat parliament, according to an exit poll released shortly after voting ended.(Reporting by Kate Holton, David Milliken and Andy Bruce, editing by Guy Faulconbridge and William James) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals...Read More
The House of Representatives on Thursday voted largely along party lines to replace the 2010 Dodd-Frank Wall Street reform law, a move that is expected to die in the Senate but open the door to revamping or eliminating regulations that came out of the 2007-09 financial crisis.The bill, called the CHOICE act, was approved by a vote of 233-to-186. Authored by House Financial Services Committee Chair...Read More
NEW YORK, June 8 (Reuters) - Investors in U.S.-based funds poured $1.4 billion into mutual funds and exchange-traded funds that invest in U.S. Treasuries in the week ended June 7, marking the biggest inflows since late January, data from Thomson Reuters' Lipper service showed on Thursday. Funds that invest mainly in foreign debt securities also attracted $1.4 billion in new cash, marking their big...Read More