DETROIT, Jan 14 (Reuters) - Volkswagen plans to spend more than $3.3 billion on development and production of new models in North America from 2018 to 2020 as the German group reboots operations in the world's second-largest auto market.Some $1.2 billion of the planned investments are destined for the United States where Volkswagen in 2018 will launch a redesigned version of its top-selling Jetta...Read More
* Hopes of further ECB tapering bolster euro* Dollar skids to lowest since September against yen By Lisa TwaroniteTOKYO, Jan 15 (Reuters) - The dollar wallowed at three-year lows against a basket of currencies on Monday, while the euro took a breather after soaring on hopes that European Central Bank policymakers were gearing up to further trim their monetary stimulus.The dollar index, which trac...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.1 pct, CSI300 +0.5 pct, HSI +0.9 pct* HK->Shanghai Connect daily quota used 12.2 pct, Shanghai->HK daily quota used 18.0 pct* HK->Shenzhen Connect daily quota used 5.3 pct, Shenzhen->HK daily quota used 11.1 pct* CNY official close 6.4665 per dollar* FTSE China A50 +1.0 pct, BNY Mellon ADR China Select Index +0.3 pct SHANGHAI, Jan 15 (Reuters...Read More
TOKYO, Jan 15 (Reuters) - The dollar slipped to its lowest levels since mid-September against the yen on Monday, following comments from Japan's central bank governor on Japan's economic recovery.While Bank of Japan Governor Haruhiko Kuroda on Monday reiterated the central bank's resolve to maintain its massive stimulus programme until 2 percent inflation is achieved stably, he also said that the...Read More
TOKYO, Jan 15 (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Monday reiterated the central bank's resolve to maintain its massive stimulus programme until 2 percent inflation is achieved stably."Japan's financial system remains stable and monetary conditions are very accommodative," Kuroda said in a speech at a quarterly meeting of the bank's regional branch managers."The BOJ...Read More
* IPO would rival NTT's 2.2 bln yen 1987 listing* SoftBank would use proceeds for overseas investment - Nikkei* Simultaneous TSE, overseas listings eyed - Nikkei* SoftBank says listing an option but no decision made*(Recasts, adds company comment)By Yoshiyasu ShidaTOKYO, Jan 15 (Reuters) - SoftBank Group Corp plans to list its mobile-phone business and raise some $18 billion, the Nikkei newspaper...Read More
Jan 15 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS15-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 discount bill auction17-Jan Germany Auction of 3...Read More
By David MillikenLONDON, Jan 15 (Reuters) - The prices that London home-sellers are seeking for their properties fell by the most since the financial crisis this month, at a time when prices in most of the rest of Britain are rising, industry figures showed on Monday.London's once red-hot housing market has slowed for the past year due to a double hit from higher purchase taxes on expensive homes...Read More
Jan 15 (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 ----------------------------------------------------------- MONDAY, JANUARY 15LONDON - Bank of England Economist Silvana Tenreyro speaks on "The Fall i...Read More
TOKYO, Jan 15 (Reuters) - SoftBank Group Corp said on Monday that a listing of its core mobile-phone subsidiary Softbank Corp was an option as part of its capital strategy but that no such decision had been made.The Nikkei newspaper reported earlier that SoftBank was planning to list the the unit in Tokyo and overseas as early as this spring, a move that could raise some 2 trillion yen ($18 billio...Read More
(Repeats for morning readership, no change to text)* Bond-buying reduction not a signal of policy shift* Market reaction catches BOJ officials off guard* BOJ ready to trim bond buying again if yield curve flattens* Market rupture comes ahead of BOJ leadership change By Leika KiharaTOKYO, Jan 12 (Reuters) - When Japan's central bank made a small cut to its regular bond purchases this week, what s...Read More
* IPO would rival NTT's 2.2 bln yen 1987 listing* SoftBank would use proceeds for overseas investment - Nikkei* Simultaneous TSE, overseas listings eyed - Nikkei (Adds comment, background)By Yoshiyasu ShidaTOKYO, Jan 15 (Reuters) - SoftBank Group Corp plans to list its core mobile-phone unit in Tokyo and overseas as early as this spring, raising some 2 trillion yen ($18 billion) in one of Japan's...Read More
* NZ food prices fall 0.8 pct in Dec* Adds downside risk to Q4 CPI -analyst (Recasts, adds market reaction, analyst comment)WELLINGTON, Jan 15 (Reuters) - New Zealand's food prices dropped for the fourth month in a row in December, pointing to a weaker outlook for consumer price inflation that weighed on the local dollar.Food prices fell 0.8 percent on the month, led by a drop in the cost of groce...Read More
Gold enjoyed a nice lift late last week as the yellow metal cruised to $1,337.40 at the close of trading Friday in New York.Spot gold gained $21.40 between Wednesday and Friday, clearly benefiting from the fallout of a dramatic selloff of US government debt. February gold futures rose 0.29% to $1,338.80.According to Bloomberg, Chinese government officials have recommended slowing or halting purcha...Read More
TOKYO, Jan 15 (Reuters) - SoftBank Group Corp plans to list its core mobile-phone unit in Tokyo and overseas as early as this spring, raising some 2 trillion yen ($18 billion) in one of Japan's biggest initial public offerings, the Nikkei newspaper said on Monday.The parent will sell some 30 percent of SoftBank Corp, aiming to debut the shares on the Tokyo Stock Exchange and elsewhere, possibly Lo...Read More
Jan 15 (Reuters) - Australian shares are expected to open higher on Monday, led by financials, taking their cue from Wall Street, which hit record highs on earnings optimism.Wall Street continued its rally on Friday with record closing highs as the fourth-quarter earnings season kicked off with solid results from banks, and robust retail sales drove investor optimism about economic growth. The loc...Read More
Jan 15 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,070.10 2.5 NZX 50**8,242.35 -8.09DJIA25,803.19228.46NIKKEI**23,653.82-56.61Nasdaq7,261.06249.29 FTSE**7,778.64 15.70S&P 500 2,786.24 18.68 Hang Seng** 31,412.54292.15SPI 200 Fut 6049.0 31.0STI** 3,520.56 7.88SSEC**3,429.32 3.97KOSPI** 2,496.42 8.51-------------------------------------------------------------------...Read More
MONTREAL/SHANGHAI (Reuters) - China's Bitmain Technologies is eyeing bitcoin mining sites in Quebec, a company spokesman told Reuters, as expectations of a potential Chinese crackdown on cryptocurrency mining make the energy-rich Canadian province an attractive alternative.China has grown into one of the world's biggest sources of cryptocurrency mining but there are signs Beijing is increasing scr...Read More
DETROIT, Jan 14 (Reuters) - Volkswagen's core autos division increased vehicle sales to a new record last year, as rising demand for VW brand models in the Americas and the key Chinese market offset a decline in western Europe.Although the emissions test-cheating scandal of September 2015 has cost the German group billions of euros in fines and penalties, it does not seem to have caused major dama...Read More
Jan 15 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,070.10 2.50NZX 50**8,242.35 -8.09DJIA25,803.19228.46NIKKEI**23,653.82-56.61Nasdaq7,261.06249.29 FTSE**7,778.64 15.70S&P 500 2,786.24 18.68 Hang Seng** 31,412.54292.15SPI 200 Fut 6049.0 31.0STI** 3,520.56 7.88SSEC**3,429.32 3.97KOSPI** 2,496.42 8.51-------------------------------------------------------------------...Read More