• SNB can take rates even more negative says Jordan - Blick
    Reuters15 hours ago

    SNB can take rates even more negative says Jordan - Blick

    The Swiss National Bank could loosen its already ultra expansive monetary policy if necessary and take interest rates even further into negative territory, Chairman Thomas Jordan said. The SNB currently charges an interest rate of -0.75 percent on cash it holds for commercial banks above a certain level

  • BlackRock's plan for Italy's Carige sees higher cash call - sources
    Reuters2 days ago

    BlackRock's plan for Italy's Carige sees higher cash call - sources

    ROME/MILAN (Reuters) - Troubled Italian bank Carige could need a larger-than-expected cash injection of at least 700 million euros (£607 million) under a rescue plan put forward by U.S. asset manager BlackRock, two sources familiar with the matter said. Temporary administrators appointed by the European

  • Reuters - UK Focus2 days ago

    EXPLAINER-How the EU will vote and why it matters

    BRUSSELS/STRASBOURG, April 18 (Reuters) - A poll for the European Parliament showed that last-minute British participation in next month's elections to the European Union's legislature means eurosceptic groups will gain ground but pro-EU parties will keep a majority. Some 400 million people

  • Reuters - UK Focus2 days ago

    Sterling staggers near $1.30 despite strong UK retail sales

    Sterling fell on Thursday as the dollar's rally gathered momentum, with strong British retail sales data doing little to shake the currency out of a slumber following a six-month extension to Brexit. It later fell versus the U.S. currency after retail sales numbers in the United States beat expectations

  • Reuters - UK Focus2 days ago

    FOREX-Dollar gains over euro after strong U.S. retail sales

    The U.S. dollar gained on Thursday on strong retail sales data, while the euro was dented by weak manufacturing data in the region. U.S. retail sales increased by the most in 1-1/2 years in March as households ...

  • Reuters - UK Focus2 days ago

    FOREX-Euro falls to a one-week low after weak manufacturing surveys

    "Investors are worried about the health of the global economy and the eurozone and the fortunes of the euro are closely tied with that," said Ricardo Evangelista, a senior analyst at ActivTrades in London. The single currency was up as much as 0.1 percent before the data but fell 0.4 percent

  • Euro zone business activity barely grew in April, PMI shows
    Reuters2 days ago

    Euro zone business activity barely grew in April, PMI shows

    Businesses across the euro zone stumbled into the second quarter as demand remained weak despite more modest price rises, surveys showed on Thursday. "The big disappointment is that the German Manufacturing PMI was barely any higher than it was last month and, at 44.5, it points to a continuing

  • Rate cuts are likely to weigh the Australian dollar down: UBS
    CNBC2 days ago

    Rate cuts are likely to weigh the Australian dollar down: UBS

    Dominic Schnider of UBS Wealth Management discusses currencies including the Australian dollar and the U.S. dollar. He says the story for the U.S. dollar will start to weaken as growth slows into 2020.

  • Reuters - UK Focus2 days ago

    Sterling steady before retail sales data

    Sterling steadied on Thursday as traders prepared to see if British retail sales data could shake the currency out of a recent slumber. The move ended a bout of wild swings in the pound and the currency is now at its least volatile in years as investors await a breakthrough in the EU divorce process

  • Reuters - UK Focus2 days ago

    FOREX-Euro up for a second day; PMI eyed

    "The China data has been quite decent and that should help manufacturing PMI data in Europe and a decent reading will push the euro higher," said Manuel Oliveri, a currency strategist at Credit Agricole in London. China's economy grew 6.4 percent in the first quarter, defying expectations

  • Euro buoyant on improved economic views, awaits euro zone PMI
    Reuters2 days ago

    Euro buoyant on improved economic views, awaits euro zone PMI

    The euro was buoyant on Thursday after more evidence of strength in China improved the outlook for the global economy, with the market looking next to European indicators to provide the currency with a further boost. The euro was a shade higher at $1.1298, having eked out a gain of 0.1 percent the previous

  • CNBC3 days ago

    Asia Pacific shares slip; Aussie dollar spikes after jobs data

    Major Asia Pacific markets closed lower on Thursday, with Indonesia's benchmark index bucking the overall trend as stocks jumped on election hopes. Meanwhile, investors looked to signs of progress in U.S.-China trade talks.

  • Dollar weakens vs euro after China growth data tops views
    Reuters3 days ago

    Dollar weakens vs euro after China growth data tops views

    The greenback weakened against the euro on Wednesday as better-than-expected economic growth data in China bolstered risk appetite and a day ahead of the release of closely watched economic data for the euro zone. China's economy grew at a steady 6.4 percent pace in the first quarter, defying expectations

  • Business Wire3 days ago

    FRN Variable Rate Fix

    LONDON--(BUSINESSWIRE)-- Re: MORE BOLIGKREDITT AS EUR 30,000,000.00 MATURING: 22-Oct-2020 ISIN: XS0984191873 PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 23-Apr-2019 TO 22-Oct-2019 HAS BEEN ...

  • Reuters - UK Focus3 days ago

    FOREX-Dollar weakens as Chinese data boosts risk appetite

    The greenback weakened on Wednesday as better-than-expected economic data in China bolstered risk appetite and boosted the Australian dollar. China's economy grew at a steady 6.4 percent pace in the first ...

  • Reuters - UK Focus3 days ago

    FOREX-Aussie jumps after China data restores some currency volatility

    The Australian dollar rose to a two-month high on Wednesday after Chinese economic growth beat forecasts and indicated to some investors that the worst is over for the global economy. The Aussie's jump encouraged some traders who have been searching for direction recently after a lull in currency

  • Emerging-market forex revenues eclipse 'G10' for first time
    Reuters3 days ago

    Emerging-market forex revenues eclipse 'G10' for first time

    Investment banks are now earning more from trading emerging-market currencies than from the major G10 markets, as wild swings in the likes of the Turkish lira contrast with relative calm in the dollar, euro and yen. Disappointing earnings at the trading divisions of investment banks like Goldman Sachs

  • Reuters - UK Focus3 days ago

    Emerging-market forex revenues eclipse 'G10' for first time

    Investment banks are now earning more from trading emerging-market currencies than from the major G10 markets, as wild swings in the likes of the Turkish lira contrast with relative calm in the dollar, euro and yen. Disappointing earnings at the trading divisions of investment banks like Goldman Sachs

  • EU goods trade surplus with U.S. grows, deficit with China widens
    Reuters3 days ago

    EU goods trade surplus with U.S. grows, deficit with China widens

    The European Union's trade surplus in goods with the United States increased in the first two months of 2019 while its deficit with China widened, figures that could increase global economic tensions. The European Union's surplus with the United States grew to 21.6 billion euros in Jan-Feb 2019

  • Chinese data is 'very encouraging,' says strategist
    CNBC3 days ago

    Chinese data is 'very encouraging,' says strategist

    Sean Callow of Westpac Bank discusses China's economic data and its potential impact on the Australian dollar. He also says it is difficult to be too bullish on the Aussie dollar when rate cuts are on the horizon.

  • Reuters - UK Focus3 days ago

    FOREX-Aussie jumps after China data restores some volatility to FX markets

    The Australian dollar rose to a two-month high on Wednesday after Chinese economic growth beat forecasts and indicated to some investors that the worst is over for the global economy. The Aussie's jump encouraged some traders who have been searching for direction recently after a lull in currency

  • There are 'limits' to US dollar strength, says strategist
    CNBC3 days ago

    There are 'limits' to US dollar strength, says strategist

    Mikio Kumada of LGT Capital Partners says there may be a buying opportunity for the Japanese yen. He also says he is "optimistic" about the Chinese growth situation.

  • HSBC's Bloom Sees Australian Dollar Weakness
    Bloomberg UK3 days ago

    HSBC's Bloom Sees Australian Dollar Weakness

    Apr.17 -- David Bloom, global head of foreign-exchange research at HSBC Holdings Plc, talks about the Australian and New Zealand dollars. He speaks on "Bloomberg Daybreak: Europe."

  • Dollar gains as report of dovish European Central Bank members dents euro
    Reuters4 days ago

    Dollar gains as report of dovish European Central Bank members dents euro

    The euro fell against the dollar on Tuesday after reports that some European Central Bank policymakers think the bank’s economic projections are too optimistic. Several ECB policymakers said the bank's economic projections are too rosy as weak growth in China and trade tensions linger, four sources

  • Euro area budget no 'bazooka' but will expand bloc's policy toolkit: Centeno
    Reuters4 days ago

    Euro area budget no 'bazooka' but will expand bloc's policy toolkit: Centeno

    A future euro area budget will complement monetary policy, adding a new instrument to the bloc's toolkit, the chairman of euro zone finance ministers Mario Centeno said on Tuesday, according to the text of a prepared speech. European policymakers have so far given few details about the size of such

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