Jan 31 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.HeadlinesMay warns China to play by global rules White House abandons planned pick for South Korea ambassador Uber's global rivals gather as Ola launches in Australia Overview- British Prime Minister Theresa May was starting a crucial trade visi...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC -1.0 pct, CSI300 -1.1 pct, HSI -1.1 pct* Shanghai->HK daily quota used 20.6 pct* HK->Shenzhen Connect daily quota used 5.4 pct, Shenzhen->HK daily quota used 12.3 pct* CNY official close 6.325 per dollar* FTSE China A50 -1.5 pct, BNY Mellon ADR China Select Index -2.2 pct SHANGHAI, Jan 31 (Reuters) - Following is a list of recent corporate and poli...Read More
SEOUL (Reuters) - South Korea will begin a joint training program at the Masikryong ski resort in North Korea on Wednesday as had been initially planned, the South’s Ministry of Unification said, with 45 South Korean athletes set to depart for a two-day trip.The South Korean athletes will fly in a chartered plane at 0100 GMT on Wednesday to Kalma Airport, the ministry said in a mobile text.R...Read More
* Debt campaign hits major source of funding for small banks* Many banks will be forced to change business model* Funding pressures could spark consolidation in sector By Andrew Galbraith and Samuel ShenSHANGHAI, Jan 31 (Reuters) - Three years ago, China's Bank of Jilin transformed its business strategy and began to gorge on debt. With a presence in just two provinces in northeast China, its favo...Read More
(Adds analyst comment, detail)* Dec factory output -0.5 pct m/m s/adj (Reuters poll +0.1 pct)* Dec factory output -6.0 pct y/y (Reuters poll -1.4 pct) By Cynthia Kim and Dahee KimSEOUL, Jan 31 (Reuters) - South Korea's industrial production unexpectedly fell in December, failing to recover after barely expanding in November as car output contracted sharply, national statistics agency data showed...Read More
Jan 30 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 31-JanSwedenAuction of Treasury bills31-JanGermany Auction of 5-year Federal notes31-JanNorwayAuction Treasuries 1-FebJapan 3-month discount bill auction 1-FebJapan Auction of 10-year government bonds 1-FebSpain Bond auction 1-FebSwede...Read More
Jan 31 (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, JANUARY 31 SANTIAGO - Central Bank of Chil...Read More
Jan 31 (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, JANUARY 31 MADRID - Spanish Economy Minister Luis de Guindos to speak at a book pr...Read More
By Costas PitasLONDON, Jan 31 (Reuters) - British car production fell last year for the first time since 2009 and investment slumped by a third as uncertainty over Brexit cut domestic demand and companies' new spending plans, an industry body said on Wednesday. Production was down 3 percent at 1.67 million vehicles, mainly due to a 10 percent reduction in domestic demand, which was also impacted...Read More
TOKYO, Jan 31 (Reuters) - Japan's industrial output rose 2.7 percent in December from the previous month, up for a third straight month, government data showed on Wednesday, in a sign of brisk factory activity.The result compared with economists' median estimate of a 1.6 percent increase in a Reuters poll, and followed a 0.5 percent rise in November.Manufacturers surveyed by the Ministry of Econom...Read More
The gold price chart is going to break higher, says famed investor and “Bond King” Jeffrey Gundlach, who believes that commodities are one of the best buys in 2018.“The gold chart looks a lot like the commodity chart, like it’s pacing out, about to break higher. And with the dollar getting weaker, I think you stay with that systematic positioning. I’ve been recommendi...Read More
The gold price chart is going to break higher, says famed investor and “Bond King” Jeffrey Gundlach, who believes that commodities are one of the best buys in 2018.“The gold chart looks a lot like the commodity chart, like it’s pacing out, about to break higher. And with the dollar getting weaker, I think you stay with that systematic positioning. I’ve been recommendi...Read More
(Adds background, details on previous bids and share movement)Jan 31 (Reuters) - AWE Ltd said on Wednesday it has given suitor Mineral Resources three days to match a A$594 million ($480 million) takeover offer from Mitsui & Co , or it will nominate the Japanese bid as a superior offer.The Australian gas producer said in a statement it notified Mineral Resources late Tuesday, giving it a dead...Read More
U.S. citizens await the yearly presidential speech, the State of the Union, as U.S. equities, the U.S. dollar, and the precious metals are trading lower on the day.As of 3:45 PM Eastern standard time, the Dow Jones Industrial Average is trading off roughly 300 points on the day. This is 100 points from the intraday low, but with 15 minutes left in trading, it is widely anticipated that U.S. equiti...Read More
U.S. citizens await the yearly presidential speech, the State of the Union, as U.S. equities, the U.S. dollar, and the precious metals are trading lower on the day.As of 3:45 PM Eastern standard time, the Dow Jones Industrial Average is trading off roughly 300 points on the day. This is 100 points from the intraday low, but with 15 minutes left in trading, it is widely anticipated that U.S. equiti...Read More
U.S. regulators are scrutinizing one of the world's largest cryptocurrency exchanges as questions mount over a digital token linked to its backers. This follows reports of the company severing its relationship with its auditor.Read full newsRead More
The top five resource companies to make the list were Amerigo Resources, Novo Resources, Excelsior Mining, Critical Elements and Corvus Gold.Read full newsRead More
SEOUL, Jan 31 (Reuters) - South Korea's December industrial output unexpectedly fell 0.5 percent from a month ago, data showed on Wednesday, failing to recover after barely expanding in November.The median forecast of analysts surveyed by Reuters was for output to gain 0.1 percent from November. Factory output dropped 6 percent from a year earliercompared with survey's forecast for a 1.4 percent d...Read More
Looking at the daily chart of USD/CHF we can summarize the recent days in one word: boredom. But behind the current consolidation there may be something more than we think at first glance. Read today's alert and you'll find out what we mean.EUR/USD On the daily chart, we see that although currency bears tried to push EUR/USD under the lower border of the blue consolidation, they failed yesterday a...Read More
(Updates prices, adds GDP news from Brazil, Mexico and Peru)By Bruno FederowskiSAO PAULO, Jan 30 (Reuters) - Latin American currencies mostly weakened on Tuesday ahead of a Federal Reserve policy meeting this week that could bolster expectations of higher U.S. interest rates going forward.The Fed will publish its policy statement on Wednesday following a two-day meeting. Some economists expect it...Read More