- Gold is the "ultimate and only real money" - Former Reagan White House Budget Director David Stockman - Trump tax cuts will lead to a 'fiscal calamity of biblical proportions'- China downgrades U.S. over political 'deficiencies'- Expect a 'huge reset in the bond market' and a 'massive drop in household wealth'- 'People will flee the stock and bond markets in favour of gold and silver- Time...Read More
The current decline in the US dollar is just a part of the long term US dollar decline story. Germany has decided to include the Chinese Yuan in its basket of foreign exchange reserves. Other nations will follow soon. Migrants have made Eurozone's economic fundamentals very strong. Migrants will ensure that the Eurozone continues its strong economic growth over the next few years. Nations will b...Read More
By Wayne ColeSYDNEY, Jan 18 (Reuters) - Australian employment jumped past expectations in December to match the longest run of monthly gains on record, yet unemployment still edged up as more people looked for work, putting a drag on wages and inflation.Thursday's figures from the Australian Bureau of Statistics showed 34,700 net new jobs were added in December, handily beating forecasts for a 9,0...Read More
SEOUL, Jan 18 (Reuters) - South Korea's central bank held its key interest rate steady on Thursday, as expected, as it monitors the effects of its November hike.The following is a chronology of the Bank of Korea's main policy rate changes since it began setting the policy rate target in May 1999:- - - -Nov. 30, 2017Up 25 bp to 1.50 percentJune 9, 2016 Down 25 bp to 1.25 percentJune 11, 2015Down 25...Read More
SEOUL, Jan 18 (Reuters) - South Korea's central bank held its key interest rate steady on Thursday, as expected, as it monitors the effects of its November hike.A Bank of Korea media official did not elaborate on the monetary policy committee's decision to keep the base rate at 1.50 percent. Governor Lee Ju-yeol is due to hold a news conference from 0220 GMT.All 17 analysts in a Reuters poll had f...Read More
* Australia's benchmark index snaps 2 straight sessions of losses* Financial stocks outperform other sectors on Wall Street rally* NZ on track for third straight session of gains Jan 18 (Reuters) - Australian shares inched higher on Thursday, led by financials, encouraged Wall Street's surge to a record close and by Bank of America's confidence that the new U.S. tax system would eventually benefi...Read More
(Adds comment from Apple CEO)By Stephen NellisJan 17 (Reuters) - Apple Inc will open a new campus as part of a five-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump.The company has been under increasing pres...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.2 pct, CSI300 -0.2 pct, HSI +0.3 pct* Shanghai->HK daily quota used 25.5 pct* Shenzhen->HK daily quota used 12.2 pct* CNY official close 6.4335 per dollar* FTSE China A50 -0.1 pct, BNY Mellon ADR China Select Index +1.2 pct SHANGHAI, Jan 18 (Reuters) - Following is a list of recent corporate and policy announcements, as well as other news that migh...Read More
Jan 18 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS18-Jan Japan 3-month discount bill auction18-Jan Japan Auction of 30-year government bonds18-Jan SwedenAuction of inflation-linked government bonds18-Jan Spain Bond auction18-Jan United KingdomAuction 0 3/4 % Treasury Gilt 202318-Jan Fr...Read More
LONDON, Jan 18 (Reuters) - A key gauge of British house prices unexpectedly picked up last month from its lowest level in more than four years, helped by a less negative tone in London and neighbouring areas.The Royal Institution of Chartered Surveyors (RICS) said on Thursday that its monthly house price index rose to +8 in December from zero in November, which had been its lowest reading since Ma...Read More
Jan 18 (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 -----------------------------------------------------------THURSDAY, JANUARY 18 FRANKFURT - IMF Managing Director Christine Lagarde, ECB board member Benoi...Read More
(Updates prices, adds Mexico markets)SAO PAULO, Jan 17 (Reuters) - Brazil's benchmark Bovespa equities index registered strong gains on Wednesday, breaching the 81,000-point mark for the first time amid strong inflows of foreign capital and industry-related news that lifted some major stocks.In the first nine sessions of 2018, the Bovespa registered 3.584 billion reais ($1.11 billion) in inflows,...Read More
By John McCrankNEW YORK, Jan 17 (Reuters) - The Securities and Exchange Commission on Wednesday approved a proposal from No. 2 U.S. stock exchange operator Cboe Global Markets Inc to compete for end-of-day orders for stocks listed on the New York Stock Exchange and Nasdaq Inc .The approval breaks what has effectively been a duopoly on the stock market close, one of the busiest and most lucrative t...Read More
(Adds Trump response, comments from cities)By Stephen NellisJan 17 (Reuters) - Apple Inc will open a new campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump.The company has been under incr...Read More
* Japan's U.S. bond holdings lowest since June 2013* Falling stakes in U.S. bonds coincide with weak dollar* Notion of dollar's top reserve status seen in question (Recasts lead paragraph, adds background, analyst comments)By Richard LeongNEW YORK, Jan 17 (Reuters) - China and Japan, the two biggest foreign U.S. creditors, reduced their holdings of U.S. government debt in November when the dollar...Read More
* Banker charged over 2011 forex deal* Pleas not guilty, lawyer says he is innocent* Second former forex head to be charged in U.S. (Adds plea and bail from hearing, comment from Bogucki's lawyer)By Lawrence White and Brendan PiersonLONDON/NEW YORK, Jan 17 (Reuters) - The U.S. Department of Justice (DoJ) on Tuesday charged a Barclays foreign exchange trader based in New York over his alleged role...Read More
Gold trading began on a positive note today with prices fractionally higher to trade up $2 to $3 on the day. This trend would continue for the better part of the trading session. Toward the end of the trading session, the dollar index began to strengthen and move out of negative territory. After trading for four consecutive days of higher highs, traders have bid the precious yellow metal lower to...Read More
WASHINGTON, Jan 17 (Reuters) - The U.S. Federal Reserve Board said on Wednesday it had fined Taiwan's Mega International Commercial Bank Co. $29 million for anti-money laundering violations and required the company to improve its anti-money laundering oversight and controls.The Fed said its most recent 2016 inspection of the Taiwanese bank revealed "significant deficiencies" at its U.S....Read More
Canada's Torex Gold Resources (TSX: TXG) announced this week that a team of unionized employees and management has been gradually restarting priority areas of its El Lim??n-Guajes mine, located in the state of Guerrero and one of the richest open-pit gold deposits in Mexico.In an official statement, the Toronto-based miner said that more employees will be called back as additional sections of the...Read More
(Adds detail about Viacom, talks)By Jessica ToonkelJan 17 (Reuters) - Shari Redstone, a controlling shareholder of CBS Corp , has discussed adding new directors to the CBS board as she renews her push to merge the company with Viacom Inc , The Wall Street Journal reported on Wednesday.Shari Redstone and Sumner Redstone, her ailing 94-year-old father, together control both CBS and Viacom Inc throu...Read More