ZURICH (Reuters) - The European Central Bank is concerned that the United States is exerting “political influence” on exchange rates and will make this a theme at upcoming G20 meetings, ECB policymaker Ewald Nowotny said in an interview on Sunday.“We in the ECB are certainly concerned about attempts by the United States to politically influence the exchange rate,” Nowotny t...Read More
RIYADH, Feb 11 (Reuters) - Yemen's President Abd Rabbuh Mansur Hadi appointed former finance minister Mohammed Zammam as head of the central bank, the state-run Saba news agency reported on Sunday.Yemen has been divided by nearly three years of civil war between the internationally recognised government, backed by Riyadh, based in the south, and the Iran-aligned Houthi movement which controls the...Read More
DUBAI (Reuters) - Sharp swings in global financial markets in the past few days are not worrying since economic growth is strong but reforms are still needed to avert future crises, the managing director of the International Monetary Fund said on Sunday.Christine Lagarde, speaking at a conference on global business and social trends in Dubai, said economies were also supported by plenty of financi...Read More
LONDON (Reuters) - The Bank of England is likely to need to raise interest rates again to tackle inflation but will not do so aggressively, the central bank’s chief economist said in a newspaper article published on Sunday.Andy Haldane, on a visit to northeast England, referred to the BoE’s statement after its policy meeting on Thursday that interest rates were likely to need to rise s...Read More
Feb 12 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,838.00 -52.70NZX 50**8,092.37 -84.770DJIA24,190.9 330.44NIKKEI**21,382.62-508.24Nasdaq6,874.49197.33 FTSE**7,092.43 -78.26S&P 500 2,619.55 38.55 Hang Seng** 29,507.42-943.85SPI 200 Fut 5,724.00 -28.00STI** 3,377.24 -38.66SSEC**3,129.85080-132.19960KOSPI** 2,363.77 -43.85--------------------------------------------...Read More
Feb 11 (Reuters) - Thousands of websites, including ones run by U.S. and UK government agencies, were infected for several hours on Sunday with code that causes web browsers to secretly mine digital currencies, technology news site The Register reported.More than 4,200 sites were infected with a malicious version of a widely used tool known as Browsealoud from British software maker Texthelp, whic...Read More
DUBAI, Feb 11 (Reuters) - The regulator of Abu Dhabi's international financial centre said it could create rules for exchanges handling virtual currencies, in a sign that authorities in the United Arab Emirates may allow trade in cryptocurrencies such as bitcoin to develop.The Financial Services Regulatory Authority (FSRA) is considering whether to establish a framework for virtual currency exchan...Read More
NEW YORK, Feb 11 (Reuters) - Stock investors on Monday will be seeking to divine if the deepest weekly slide since January 2016 will continue or if the market will turn the corner after one of the most volatile five days in years. Equal parts science, art and luck may be needed to pick a bottom in the S&P 500. While it ended last week on an up note, the index was caught in its first correction...Read More
(Updates with Friday prices)By Chuck MikolajczakNEW YORK, Feb 9 (Reuters) - The inflation bogeyman has reared its ugly head and sent U.S. stock investors racing for the hills in recent days.Next week, coming off one of the most volatile stretches in years, two important readings on U.S. inflation could help determine whether the stock market begins to settle or if another bout of volatility is in...Read More
CAIRO, Feb 11 (Reuters) - INTEREST RATESLatestLast change PreviousCentral18.75 06/07/1716.75 bank o/n depositCentral19.75 06/07/1717.75bank o/n lendingCentral19.25 06/07/1717.25bank discount rate MONTHLY DATA _____________ Month Pvs Yr agoUrban 17.128.1consumerJanuary 21.9prices(year-on-year,pct change) CoreinflatioJanuary 14.3519.86 30.86n (year-on-year,pct change) Foreign January 38.20937.020...Read More
HONG KONG, Feb 11 (Reuters) - Chinese state-owned nuclear company CGN Power Co Ltd said Sunday it plans to raise up to $794 million in a domestic listing on the Shenzhen stock exchange.The firm said in a Hong Kong stock exchange filing it plans to offer no more than 5,049,861,100 new shares at 1 yuan ($0.16) per piece for the listing and will use the proceeds for the construction of nuclear power...Read More
(Adds comments on potential crisis areas, context)DUBAI, Feb 11 (Reuters) - Sharp swings in global financial markets in the past few days are not worrying since economic growth is strong but reforms are still needed to avert future crises, the managing director of the International Monetary Fund said on Sunday.Christine Lagarde, speaking at a conference on global business and social trends in Dub...Read More
(Adds economist's first name in par 2)LONDON, Feb 11 (Reuters) - The Bank of England is likely to need to raise interest rates again to tackle inflation but will not do so aggressively, the central bank's chief economist said in a newspaper article published on Sunday.Andy Haldane, on a visit to northeast England, referred to the BoE's statement after its policy meeting on Thursday that interest...Read More
DUBAI, Feb 11 (Reuters) - Sharp fluctuations in global equity markets and other markets in the past few days are not worrying, as global economic growth is strong and available financing is ample, International Monetary Fund managing director Christine Lagarde said on Sunday.But Lagarde, speaking at a Dubai conference on global business and social trends, also said regulators and governments neede...Read More
DUBAI, Feb 11 (Reuters) - Petrochemical shares pulled down Saudi Arabia's stock index in early trade on Sunday but most Gulf markets moved little in response to the latest volatility in global bourses and oil prices at the end of last week.The Saudi index sank 0.9 percent in the first 90 minutes as all 14 petrochemical shares fell, after Brent crude , which two weeks ago was trading around $70 a b...Read More
Broadway Gold Mining Ltd. announced that Phase III surface drilling program at the Company's 100%-owned Madison copper-gold project in the legendary Butte-Anaconda mining region of Montana, USA.Read full newsRead More
LONDON, Feb 11 (Reuters) - The Bank of England is likely to need to raise interest rates to tackle inflation but will not do so in a hasty manner, the central bank's chief economist said in a newspaper article published on Sunday.Haldane, on a visit to northeast England, referred to the BoE's statement after its policy meeting on Thursday that interest rates were likely to need to rise somewhat fa...Read More
(Refiles to clarify date of publication of Japanese media, paragraphs 1 and 5)TOKYO, Feb 11 (Reuters) - Japan's government is considering promoting Bank of Japan's Executive Director Masayoshi Amamiya to one of the bank's two deputy governors, Jiji news agency reported, citing unidentified sources.The government has decided to nominate Haruhiko Kuroda for a rare second term as governor of the cen...Read More
Multiple suspects tried their hand at using a Russian supercomputer to mine cryptocurrency - and it didn't go well.Read full newsRead More
ROUYN NORANDA, QC, Feb. 9, 2018 /CNW/ - Granada Gold Mine Inc. (TSX-V: GGM) (OTCPK: GBBFF) (Frankfurt: B6D) (the 'Company' or 'Granada') announces that it i...Read full newsRead More