(Recasts with Mexican peso, updates prices)MEXICO CITY, Jan 11 (Reuters) - The Mexican peso strengthened slightly on Thursday, even as U.S. Treasury Secretary Steven Mnuchin acknowledged that the United States may pull out of the North American Free Trade Agreement (NAFTA).The peso weakened significantly on Wednesday after a Reuters report said Canada increasingly believes that President Donald Tr...Read More
David LjunggrenLONDON, Ontario (Reuters) - Canada is talking tough with the United States, stressing its determination to push back against what it says are unfair trade practices ahead of crucial talks to revamp the tri-nation North American Free Trade Agreement.U.S., Canadian and Mexican officials meet this month for the sixth and penultimate round of talks to update NAFTA, which President Donal...Read More
Jonathan SpicerNEW YORK (Reuters) - One of the Federal Reserve’s most influential members on Thursday offered a point-by-point critique of U.S. President Donald Trump’s sweeping tax cuts, warning they put the country on an unsustainable fiscal path that will imperil the economy’s stability down the road.New York Fed President William Dudley, a key architect of the U.S. central ba...Read More
The Treasury Department on Thursday released the withholding tables for the new tax law. The tables lay out how much tax to withhold or not withhold from paychecks. With these new guidelines, companies can start adjusting employee paychecks. Treasury Secretary Steven Mnuchin said he expects about 90 percent of workers to see their paychecks increase. Christine Wang | Ylan Mui Published 6 Hours Ag...Read More
Jan 12 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS12-Jan Japan Auction of 40-year government bonds15-Jan Netherlands DTC auction15-Jan NorwayAuction of Treasury bills16-Jan Japan Auction of 5-year government bonds16-Jan Spain Auction of 6- and 12-month Treasury bills17-Jan Japan 1-year...Read More
Jan 12 (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, JANUARY 12STOCKHOLM - Swedish Central Bank Deputy Governor Cecilia Skingsley will discus...Read More
SAN FRANCISCO, Jan 11 (Reuters) - S&P Dow Jones Indices and MSCI said on Thursday they would rename their Telecommunication Services Sector and add Comcast Corp , Netflix , Facebook and Alphabet to the newly broadened category. In an overhaul of the Global Industry Classification Standard, an industry taxonomy widely used by investors, the Telecommunication Services Sector will be expanded and...Read More
Briefly: Intraday trade: Our Wednesday's intraday trading outlook was bearish. It proved partly accurate, because the S&P 500 lost 0.1% following slightly lower opening of the trading session (-0.2%). The broad stock market fluctuates after its record-setting rally. There have been no confirmed negative signals so far. However, we can see some clear short-term overbought conditions along with...Read More
(Adds stock moves, recasts top of story with contest)Jan 11 (Reuters) - Advanced Micro Devices Inc said on Thursday its microprocessors are susceptible to both variants of the Spectre security flaw, days after saying its risk for one of them was "near zero".In a subsequent statement Thursday, AMD said there was "no change" to its position on the susceptibility of its chips to...Read More
The U.S. adding roughly the output of Turkmenistan in one year won't help prices.Read full newsRead More
Brent crude oil hit a more than three-year high on Thursday, breaking through $70 a barrel level for the first time since December 2014.Read full newsRead More
Saudi Arabia is taking managerial control of Saudi Binladin Group and discussing a possible transfer of some of the giant construction group's assets to the state while its chairman and other family members are in detention, sources told Reuters.Read full newsRead More
The home of Wall Street announced on Wednesday that it will be divesting its massive pension fund from fossil fuels. That hits fossil fuel giants where it hurtsRead full newsRead More
Gold is trading moderately higher today, with the most active futures contract currently trading up $3.70 (+0.28%) at $1323 per ounce. Today’s gains have taken gold to its highest value so far in 2018. On Friday of last week, gold prices reached the former 2018 apex when it closed at $1322 per ounce. Although gold prices surged to an intraday high of $1327 on Thursday of last week, on a clos...Read More
Gold is trading moderately higher today, with the most active futures contract currently trading up $3.70 (+0.28%) at $1323 per ounce. Today’s gains have taken gold to its highest value so far in 2018. On Friday of last week, gold prices reached the former 2018 apex when it closed at $1322 per ounce. Although gold prices surged to an intraday high of $1327 on Thursday of last week, on a clos...Read More
LIMA, Jan 11 (Reuters) - Peru's central bank lowered the benchmark interest rate to 3 percent as widely expected on Thursday, citing weak economic growth and slowing inflation.Eight out of nine analysts polled by Reuters had forecast the 25-basis-point reduction to the key rate, with one forecasting a hold at 3.25 percent. (Reporting By Mitra Taj; Editing by Chris Reese) Disclaimer: The views exp...Read More
(Repeats. No change to text.)By John Ruwitch and Marius ZahariaSHANGHAI/HONG KONG, Jan 11 (Reuters) - China's adjustment to the way it sets the reference rate for its tightly managed currency, suspending a tool for fine-tuning the exchange rate, is a fresh warning to would-be speculators that gives the yuan scope to retreat after a year of heady gains.The decision by the central bank to reduce th...Read More
(Adds analyst quotes, table)By Jennifer AblanNEW YORK, Jan 11 (Reuters) - Investors' appetite for risk was on display this week as U.S.-based equity mutual funds attracted $1.45 billion of net inflows, their third straight week of inflows, and U.S.-based equity exchange-traded funds attracted $10.6 billion, according to Lipper data on Thursday. Moving in sympathy with equities, U.S.-based high-yie...Read More
(Kitco News) - As gold prices trade close to four-month highs, analysts from the Bank of China International said that commodities like gold have room to go even higher in 2018.By the fourth quarter of this year, gold could be looking at an average of $1,400 per ounce and copper at $7,500 a ton, analysts, led by Xiao Fu, the commercial bank’s head of commodity market strategy, said in a note...Read More
(Kitco News) - As gold prices trade close to four-month highs, analysts from the Bank of China International said that commodities like gold have room to go even higher in 2018.By the fourth quarter of this year, gold could be looking at an average of $1,400 per ounce and copper at $7,500 a ton, analysts, led by Xiao Fu, the commercial bank’s head of commodity market strategy, said in a note...Read More