Markets

  • Strong German Growth Data Lifts Euro
    Solid_european_economic_outlook_kept_euro_strong_against_dollar
    2017-11-14 22:08:49 UTC

    NEW YORK (Reuters) - The euro was set for its strongest session in more than four months on Tuesday, boosted by strong economic growth in Germany, but world stocks fell for the fourth straight day as oil prices fell and investors worried about U.S. tax reform. U.S. Treasury two-year note yields climbed to a nine-year peak while long...
  • Bitcoin surged to a record high of more than $6,000
    Jpmorgan's_jamie_dimon_says_bitcoin_%e2%80%9cis_a_fraud%e2%80%9d_and_will_blow_up
    2017-10-20 20:12:57 UTC

    NEW YORK (Reuters) - Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a whole slew of crypto-currencies. The original virtual currency has gained over 500 percent...
  • US hiring slowed to an 11-month low in September
    Us_job_openings_continue_to_tighten_amid_a_scarcity_of_qualified_workers
    2017-10-04 16:44:29 UTC

    (Reuters) - U.S. companies scaled back their hiring to an 11-month low in September after two powerful hurricanes disrupted some business activities, while the vast domestic services sector overcame those snags to expand at its fastest pace in 12 years. The latest data helped soothe investors who have been worried about Hurricanes H...
  • US job openings continue to rise amid a scarcity of qualified workers
    Us_job_openings_continue_to_tighten_amid_a_scarcity_of_qualified_workers
    2017-09-12 20:29:53 UTC

    WASHINGTON (Reuters) - U.S. job openings rose to a record high in July, suggesting a slowdown in job growth in August was an aberration and that the labor market was strong before the recent disruptive hurricanes. The monthly Job Openings and Labor Turnover Survey, or JOLTS, released by the Labor Department on Tuesday showed the lab...
  • EU Strong Economic Growth Is On Track
    Eu_strong_economic_growth_is_on_track
    2017-08-16 08:10:41 UTC

    LONDON (Reuters) - Miners and oil stocks helped Europe's major share index make strong gains on Wednesday, as higher metals prices lent a hand and investors awaited euro zone GDP figures expected to confirm the bloc's economic growth was on track. The pan-European STOXX 600 rose 0.5 percent, its third day of gains after a sharp sell...
  • BREXIT: UK could lose up to 40,000 investment banking jobs
    Brexit-_uk_could_lose_up_to_40_000_investment_banking_jobs
    2017-08-01 05:46:07 UTC

    LONDON (Reuters) - Britain's finance industry could lose up to 40,000 investment banking jobs in the next few years unless it strikes a softer deal on its departure from the European Union, according to a new report by consultancy firm Oliver Wyman. Banks are currently planning for a worst-case scenario in which they lose access to ...
  • Brexit EU hub: Morgan Stanley & Citigroup choosing Frankfurt
    Brexit_job_moves-_morgan_stanley_and_citigroup_choose_frankfurt
    2017-07-19 16:48:26 UTC

    FRANKFURT/LONDON (Reuters) - Morgan Stanley has chosen Frankfurt to be the new base for its European Union operations as Britain prepares to leave the bloc, according to a source familiar with the matter, becoming the latest U.S. bank to pick the German city. International banks are planning to set up subsidiaries in the EU to ensur...
  • German exports rose again more strongly than expected
    German_exports_rise_again_more_than_expected
    2017-07-10 06:54:14 UTC

    German exports rose more strongly than expected in May, outpacing a solid increase in imports and widening the trade surplus of Europe's biggest economy, data showed on Monday. Seasonally adjusted exports climbed 1.4 percent - their fifth consecutive monthly increase - while imports were up 1.2 percent, data from the Federal Statist...
  • US auto industry has been bracing for a downturn
    Us_auto_industry_has_been_bracing_for_a_downturn
    2017-07-03 16:51:23 UTC

    The U.S. auto industry has been bracing for a downturn after hitting a record 17.55 million new vehicles sold in 2016. A glut of nearly new used vehicles poses competition for new vehicle sales and automakers have relied increasingly on high consumer discounts and loosened lending terms. Major automakers on Monday posted better-than...
  • Shortlisted bidders in race to buy $10b valued Global Logistic Properties Ltd
    Shortlisted_bidders_in_race_to_buy__10b_valued_global_logistic_properties
    2017-07-03 05:50:18 UTC

    SINGAPORE — Global Logistic Properties Ltd said on Monday it had received "firm proposals" from shortlisted bidders, days after sources told Reuters that suitors had narrowed to a management-backed Chinese consortium and a group led by Warburg Pincus. The $10 billion-valued firm is Asia's biggest warehouse operator, with clients inc...
  • Trump is far away from overhauling bank regulation
    Trump_is_far_away_from_for_overhauling_bank_regulation
    2017-06-14 05:54:55 UTC

    WASHINGTON — Wall Street banks on Tuesday cheered U.S. far-right nationalist President Donald Trump's plans to loosen the leash put on them in the wake of the 2008 financial crisis but they do not expect significant change any time soon. The Trump administration has said the bulk of its plan for overhauling bank regulation can b...
  • Growing skills mismatch in U.S. decreases hiring chance
    Growing_skills_mismatch_in_the_united_states
    2017-06-06 19:42:20 UTC

    WASHINGTON — U.S. job openings surged to a record high in April and employers appeared to have trouble finding suitable workers, pointing to a tightening labor market that could encourage the Federal Reserve to raise interest rates next month. The Labor Department's monthly Job Openings and Labor Turnover Survey, or JOLTS, published...
  • Oil jumps as Qatar ditched, London attacks hurt sterling
    Oil-pump-jacks
    2017-06-05 06:38:13 UTC

    SINGAPORE — Oil jumped after Saudi Arabia, Egypt, the United Arab Emirates and Bahrain cut ties with Qatar on Monday while sterling slipped after the weekend attacks in London that killed at least seven people and wounded 48, just days before Britain's general national election. The coordinated move by the Middle Eastern countries, ...
  • TPP agreed to move the trade deal forward without U.S.
    Tpp_agreed_to_move_the_trade_deal_forward_without_u.s.
    2017-05-21 04:56:58 UTC

    Countries in the Trans-Pacific Partnership (TPP) agreed on Sunday to explore ways to move the trade deal forward after U.S. President Donald Trump's pulled out in his switch to an "America First" policy. The so-called TPP-11 countries held their highest level talks on the deal since the U.S. pullout on the sidelines of a meeting of ...
  • Mexico to import record amount of corn from Brazil instead US
    Mexico_to_import_record_amount_of_corn_from_brazil_instead_us
    2017-05-19 07:08:25 UTC

    MEXICO CITY — Mexico expects to import a record amount of yellow corn from Brazil this year after its livestock producers secured lower prices in deals with suppliers on a recent visit to South America as NAFTA talks loom, a Mexican official said Thursday. Alejandro Vazquez, a government official who was part of a Mexican delegation...
  • German Economy Booms Despite U.S. Protectionism Anarchy
    German_economy_booms_despite_u.s._protectionism_anarchy
    2017-04-28 15:54:29 UTC

    By Michael Nienaber | HAMBURG, GERMANY — When port manager Axel Mattern looks out onto the Elbe River from his office in Hamburg's historic warehouse district, he can literally count the rising number of container ships leaving Germany's biggest harbor. There is an export boom underway, the ships tell him. China, in particular, is "...
  • WTO: Trump lost his first trade battle against Mexico
    Trump_lost_his_first_trade_battle_against_mexico
    2017-04-26 00:12:26 UTC

    GENEVA — Mexico can impose annual trade sanctions worth $163.23 million against the United States after winning a dispute over trade in tuna fish, a World Trade Organization arbitrator ruled on Tuesday. Mexico's economy ministry said it planned immediate action to initiate the trade sanctions. However, the ruling could be overtur...
  • Trudeau vows to stand up for Canadian interests against Trump
    Justin_trudeau_rejected_trump's_rhetoric_over_canadian_dairy_industry
    2017-04-25 17:13:52 UTC

    OTTAWA — Prime Minister Justin Trudeau vowed to stand up for Canadian interests on Tuesday after the U.S. imposed new tariffs on softwood lumber and trade tensions between the two countries escalated, sending the Canadian dollar to a 14-month low. While the currency fell, shares in Canadian lumber companies rose as the level of the ...
  • China's factory output rose 7.6 percent, asset investment grew 9.2 percent
    China's_factory_output_rose_7.6_percent__asset_investment_grew_9.2_percent
    2017-04-17 03:27:13 UTC

    China's factory output rose 7.6 percent in March from a year earlier, while fixed-asset investment grew 9.2 percent in the first quarter, both beating expectations. Analysts polled by Reuters had predicted factory output would grow by 6.3 percent in March, the same pace as in as January and February combined. Factory output in Ma...
  • Global Stocks Slide, Treasuries and Yen Up
    Global_stocks_slide__treasuries_and_yen_up
    2017-04-11 05:04:09 UTC

    Asian stocks fell in choppy trade on Tuesday as the political tinderbox in the Middle East and the Korean Peninsula added to uncertainty over the looming French vote, pushing edgy investors into safer assets such as the yen and Treasuries. Oil continued its steady climb on supply concerns in the wake of U.S. missile strikes on a Syr...
  • Brexit: Eyes on trading operations of UK investment banks
    Eyes_on_trading_operations_of_uk_investment_banks_after_brexit
    2017-04-11 05:28:27 UTC

    By Huw Jones, Rachel Armstrong and Jesús Aguado | LONDON/MADRID - A gap in EU financial rules is allowing member countries to compete to host the trading operations of London-based investment banks after Brexit by offering looser regulatory standards. The European Central Bank is the euro zone's banking supervisor but, under EU ...
  • Australian Mortgage-Financed Housing Bubble Continues To Grow
    Australian_mortgage-financed_housing_bubble_continues_to_grow
    2017-04-02 01:43:49 UTC

    By Swati Pandey and Wayne Cole | SYDNEY — In their struggle to cool red-hot property prices in Australia's big cities, authorities are ratcheting up measures that could dent the whole market but avoiding more targeted steps that have had some success in New Zealand and China. Australian regulators first focused on reining in i...
  • Euronet Worldwide launched a $1 billion bid for rival MoneyGram
    Euronet_worldwide_launched_a__1_billion_bid_for_rival_moneygram
    2017-03-14 22:19:19 UTC

    By Sruthi Shankar and Anna Irrera | U.S. electronic payments company Euronet Worldwide Inc (EEFT.O) launched a $1 billion bid for rival MoneyGram International Inc (MGI.O) on Tuesday, arguing that its all-American deal would face less regulatory scrutiny than a lower bid by Ant Financial Services Group, the financial services affi...
  • Euro marks strongest gain against dollar in one month
    Euro_jumps_to_three-_week_high_against_the_dollar
    2017-03-13 01:51:24 UTC

    The euro edged up near a one-month high against the dollar in Asian trading on Monday, after some European Central Bank policymakers raised the possibility of hiking interest rates before bond purchases end. The euro was up 0.1 percent at $1.0691 EUR=, after rising as high as $1.0699 on Friday, its highest level since Feb. 9. Som...
  • Countdown: Brits facing an uncertain future without the EU
    Brits_are_facing_an_uncertain_future_without_the_eu
    2017-03-12 22:43:33 UTC

    By William James | LONDON — Britain is drawing up contingency plans for the unlikely event it has to walk away from divorce talks with the European Union without a deal, Brexit minister David Davis said on Sunday. Prime Minister Theresa May is set to begin exit talks by the end of the month, kicking off Britain's most complex se...