- Deposit bail in risk as stocks and bonds of Spanish bank - Banco Popular - crash- Banco Popular stock crashes most on record - down 63% this year to 34 euro cents- Spanish bank tells employees - "Don't panic"- Risk of Spanish banking crisis as Banco Popular credit curve inverts- Banco Popular needs to find at least EUR4 billion more capital - analysts- Deposits over EUR100,000 (euro) vulnerabl...Read More
Developments in Qatar will be closely watched. Energy is the root cause of all Middle East wars. After Qatar, Oman will be left. Oman could also start turning into a Yemen from next year. The so called energy war in the Middle East is a joint effort by the Saudi's and NATO to make new nations including expansion of Israel. Iran is a powerful nation and also has the support of Russia. The Syrian...Read More
Former U.S. President Barack Obama is still optimistic about the Paris climate agreement, despite Trump walking away from it last week, he told a sold-out crowd Tuesday.Speaking to the Board of Trade of Montreal, Obama said: "In Paris, we came together around the most ambitious agreement in history to fight climate change. An agreement, even with the temporary absence of American leadership, will...Read More
June 7 (Reuters) - For other diaries, please see:Top Economic Events Polling unit diary Today in Washington Political and general news DATECOUNTRYAUCTION DETAILS7-JunGermanyAuction of 5-year Federal notes7-JunSweden Auction of Treasury bills7-JunJapan6-month discount bill auction8-JunSweden Auction of inflation-linked government bond8-JunJapan3-month discount bill auction8-JunJapanAuction of 5-yea...Read More
June 6 (Reuters) -For other diaries, please see:Top economic events Government debt auctions Political and general news events Index of all diaries Guide to economic indicators -----------------------------------------------------------This Diary is filed daily.** Indicates new events. -----------------------------------------------------------WEDNESDAY, JUNE 7** BANGKOK - Bank of Thailand release...Read More
June 7 (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----------------------------------------------------------- WEDNESDAY, JUNE 7HAMBURG, Germany - G20 leaders meet for International summit in Hamburg (to Jun...Read More
British election, Comey testimony, Qatar crisis aiding demandPrecious metal has risen this year as dollar extends declineAnalyst Sees 'Caution Trade' Pushing Gold to $1320Gold is taking aim at $1,300 an ounce. The metal has rallied to the highest since November as investors position themselves for the outcome of the U.K. election and potential drama of former FBI Director James Comey's testimony,...Read More
June 7 (Reuters) - Australian telecoms company Vocus Group Ltd said on Wednesday it received an indicative takeover offer from private equity firm KKR & Co LP which valued the company at A$2.2 billion ($1.65 billion).Vocus said KKR made a non-binding indicative offer to buy all its shares for A$3.50 in cash, a 22 percent premium to the stock's closing price the previous day. The Sydney-listed take...Read More
Prepare for some "fireworks" in the metals markets this summer, this according to one NY-based analyst at Bloomberg Intelligence."With 60-day index volatility at 10% -- the lowest since the 10-year bottom in 2014 at 9% -- the stage could be set for the next breakout move in metals," noted Mike McGlone, Bloomberg Intelligence commodity analyst, in a report Tuesday."A ho-hum May is pressuring volati...Read More
BRASILIA, June 6 (Reuters) - Braskem SA , Latin America's largest petrochemical company, said on Tuesday that it had obtained approval from a Brazilian court for its leniency deal in a corruption case involving political kickbacks at Brazil's Petrobras .Braskem said in a securities filing that decision completes approval for its global leniency accord with U.S., Swiss and Brazilian authorities. Br...Read More
June 7 (Reuters) - Australian shares are set to trade up on Wednesday, with commodities set to gain from rising gold and oil prices.Oil prices rebounded on Tuesday, finding technical support after sliding below $47 a barrel, while gold prices surged to a seven-month high, riding a weak dollar and geopolitical uncertainties.The local share price index futures rose 15 points or 0.27 percent to 5682....Read More
A trifecta of geopolitical events on Thursday, along with a weaker U.S. dollar and recent weak U.S. economic data, have all contributed as underlying factors taking gold prices to a new yearly high. Today, gold futures traded to an intraday high of $1298.80, taking out the previous yearly intraday high of $1297, which was achieved on April 17. As of 4:00 Eastern Standard Time, gold futures are cu...Read More
Wall Street sat in wait of market-moving news out later this week, including a potentially game-changing testimony on the Trump-Russia scandal, the U.K. elections, and possible changes to eurozone monetary policy. That led to cautious trading on Tuesday, though stocks ultimately closed lower for their second day in a row. The S&P 500 was down 0.28%, the Dow Jones Industrial Average slid 0....Read More
SAO PAULO, June 6 (Reuters) - Gol Linhas A?(C)reas Inteligentes SA, Brazil's No. 2 airline, plans to reorganize a customer loyalty subsidiary, tapping significant tax savings from a simplified corporate structure, according to a securities filing on Tuesday.According to the filing, the loyalty unit known as Smiles SA said the proposal hinges on shareholder approval and involves it being taken over...Read More
By JanWolfeJune 6 (Reuters) - A federal appeals court hinted on Tuesday it may let Sanofi AG and Regeneron Pharmaceuticals Inc sell a cholesterol drug Amgen Inc has been trying to block on patent infringement grounds, according to lawyers and analysts who attended oral arguments in the case. Paul Clement, a lawyer for Regeneron and Sanofi, urged the U.S. Court of Appeals for the Federal Circuit to...Read More
* TSX up 54.78 points, or 0.36 pct, to 15,464.56* Four of the TSX's 10 main industry groups were up* Materials up 3.4 pct, energy stocks up 1.4 pct By Solarina HoTORONTO, June 6 (Reuters) - Canada's benchmark stock index rose on Tuesday as a surge in oil and gold prices sent energy and mining companies rallying.The Toronto Stock Exchange's S&P/TSX composite index rose 54.78 points, or 0.36 percen...Read More
(Adds finance minister comment, background, details)WELLINGTON, June 7 (Reuters) - The Reserve Bank of New Zealand on Wednesday said it had renewed its policy target agreement with the finance minister for the six-month period after Governor Graeme Wheeler steps down in September. The agreement, unchanged from the last one, signed in 2012, left the central bank's target for consumer price inflati...Read More
WELLINGTON, June 7 (Reuters) - The Reserve Bank of New Zealand on Wednesday said it had renewed its policy target agreement with the finance minister for the six-month period after Governor Graeme Wheeler steps down in September. The agreement, unchanged from the last one, signed in 2012, left the central bank's target for consumer price inflation between 1 and 3 percent on average over the medium...Read More
TORONTO, June 6 (Reuters) - Canada's main stock index ended higher on Tuesday, carried by energy and materials companies that surged on the back of higher oil and gold prices.The Toronto Stock Exchange's S&P/TSX composite index finished up 54.78 points, or 0.36 percent, at 15,464.56.Half of the index's 10 main groups advanced. (Reporting by Solarina Ho; Editing by Dan Grebler) Disclaimer: The vie...Read More
* Dollar sinks below 110 yen for first time in six weeks* Three "risk events" due on Thursday* Graphic: World FX rates in 2017 (Updates prices, market activity and comments to U.S. afternoon trading)By Saqib Iqbal AhmedNEW YORK, June 6 (Reuters) - The dollar weakened to a more than six-week low against the yen on Tuesday, dipping below a key technical level as Treasury debt yields slipped on incre...Read More