Search results for "currencies"



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EXCLUSIVE-EU to fine JPMorgan, UBS, Credit Suisse over Sfr LIBOR rigging -source

BRUSSELS, Oct 21- European Union antitrust regulators are set to fine JPMorgan, UBS and Credit Suisse collectively over $115 million for rigging Swiss franc LIBOR benchmark interest rates, a person familiar with the matter told Reuters. Royal Bank of Scotland alerted the European Commission to the wrongdoing and so would not be penalized for its own role in the...
Source: Reuters | By: Foo Yun Chee
Cheap gas prices could fall further

Sameer Samana, Wells Fargo Advisors, and Kathy Lien, BK Asset Management, discuss what's driving oil prices lower as global demand continues to grow amid a stronger U.S. dollar.
Source: CNBC.com
FOREX-Euro sinks on hint ECB will buy corporate bonds

LONDON, Oct 21- The euro fell more than half a cent against the dollar on Tuesday after Reuters reported the European Central Bank was looking at buying corporate bonds as soon as December in its efforts to revive the euro zone economy. "It increases the potential scale of the purchases the ECB will be able to make if they extend out into the corporate bond market,"...
Source: Reuters | By: Patrick Graham
Gold hits one-month high on flat dollar

Gold rose to a one-month high on Tuesday as the dollar edged down slightly and on worries over a slowdown in the global economy.
Source: Reuters
Hot emerging market plays

UBS's Geoff Dennis, provides his top emerging market picks despite lower oil prices and lower dollar.
Source: CNBC.com
PRECIOUS-Gold hits one-month high on flat dollar, slowing China growth

*China economic growth slows in Q3. LONDON, Oct 21- Gold rose to a one-month high on Tuesday as the dollar edged down slightly and on worries over a slowdown in the global economy after China's growth eased in the third quarter to its weakest since the 2008/ 09 financial crisis. Spot gold hit its highest since Sept. 10 at $1,253.70 an ounce in earlier trade and was up 0.4...
Source: Reuters | By: Clara Denina
UPDATE 1-Nippon Life eyes more foreign bonds if domestic yields are too low

TOKYO, Oct 21- Japan's Nippon Life Insurance will "have no choice" but to invest more in foreign bonds if yields on domestic ones remain too low, a company official said on Tuesday. Nippon Life, Japan's largest private insurer with total assets of about 58 trillion yen, said at the start of the 2014/ 15 financial year in April that it wanted to increase yen bond holdings,...
Source: Reuters | By: Shinichi Saoshiro and Hiroyasu Hoshi
GLOBAL MARKETS-Brighter China data fails to lift stocks, dollar sags

*China growth slows, but economy grew slightly more than expected. LONDON, Oct 21- A two-day rebound in global shares slowed and the dollar edged lower on Tuesday, as slightly above forecast Chinese growth data failed to erase concerns that the world's second-biggest economy is losing momentum. The Australian dollar, often seen as a liquid proxy of Chinese growth...
Source: Reuters | By: Marc Jones
DAX one of worst performers but 'attractive': Pro

Nick Nelson, head of global equity strategy at UBS, and Bob Parker, senior advisor at Credit Suisse, say that German stocks are an attractive buy despite the XETRA DAX being one of the worst performers this year.
Source: CNBC.com
UPDATE 1-Strong British pound hits ASOS annual profit

LONDON, Oct 21- British online fashion retailer ASOS posted a 14 percent fall in annual profit, partly due to the strength of sterling hitting sales growth overseas. During the year ASOS also had to cope with the need for major investment in its warehousing, a fire at its Barnsley, northern England, warehouse in June and the launch of its new business in China.
Source: Reuters