Dollar sinks vs yen, hovers near 2-1/2-year low to sterling on dovish Fed shift
By Kevin Buckland TOKYO (Reuters) -The dollar sank to a three-week trough against the yen on Monday as Federal Reserve Chair Jerome Powell’s emphatic dovish shift contrasted sharply with Bank…
Gold prices steady above $2,500 amid rate cut cheer
Investing.com– Gold prices fell slightly in Asian trade on Monday, but remained in sight of record highs last week as the prospect of lower U.S. interest rates battered the dollar…
Greek-flagged ship on fire since Aug 23 after Houthi attack, EU naval mission says
By Ahmed Elimam (Reuters) -The Greek-flagged ship Sounion has been on fire since Aug. 23 after an attack by Yemen’s Houthis with no obvious signs of an oil spill, EU…
US industry seeks easing of steep Biden-Harris China tariff hikes
By David Lawder WASHINGTON (Reuters) – The Biden-Harris administration this week is expected to announce final implementation plans for steep tariff increases on certain Chinese imports, and if U.S. industry…
EU naval mission: Greek-flagged ship Sounion on fire since August 23 after Houthi attack
(Reuters) – The Greek-flagged ship Sounion has been on fire since August 23 after an attack by Yemen’s Houthis, EU Red Sea naval mission Aspides said in a post on…
Asia FX firms, yen strong as rate cut bets put dollar at 13-mth low
Investing.com– Most Asian currencies firmed on Monday with the Japanese yen rising sharply amid increasing bets that the Federal Reserve will cut interest rates in September, which put the dollar…
Oil prices rise with no Gaza ceasefire in sight
Investing.com– Oil prices rose in Asian trade on Monday, extending a rebound from the prior session as media reports showed no progress towards an Israel-Hamas ceasefire while hostilities in the…
Oil climbs on Mideast escalation fears, US rate cut expectations
By Florence Tan SINGAPORE (Reuters) – Oil prices extended gains on Monday on fears a major spillover in fighting from the Gaza conflict into the Middle East could disrupt regional…
After battle with yuan bears, China is now keen to avoid sharp currency gains
SHANGHAI (Reuters) -Having spent all year trying to put a floor under the tumbling yuan, China’s central bank is suddenly faced with the opposite problem and is turning to subtle…
Telegram CEO Pavel Durov ‘Arrested’ in France
Pavel Durov, the billionaire founder and CEO of the encrypted messaging platform Telegram, was “arrested” on Saturday evening by the French authorities at Le Bourget airport, which is located outside…
