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Russia’s Foreign Direct Investment Hits $7bn In Q1, Putin Says

Russia’s Foreign Direct Investment Hits $7bn In Q1, Putin Says

Russia’s President Vladimir Putin said on Friday that foreign direct investment in the Country totalled $7 billion in the first quarter of this year, the highest level for that period in the past three years. “We have a situation shaping up today where investment growth is exceeding growth in gross domestic product,” Putin told the St […]

Dollar To Rise 10% Above Yen, Euro, Says Goldman Fund Manager

Dollar To Rise 10% Above Yen, Euro, Says Goldman Fund Manager

The dollar has been a barometer of faith in President Donald Trump’s ability to bolster the U.S. economy The dollar is set to strengthen about 10 percent against the yen and euro as the Federal Reserve raises interest rates at least two more times this year, according to Goldman Sachs Asset Management. Treasury 10-year yields […]

Brian Moynihan: Bank Of America Ceo Talks Down Second-quarter Expectations

Brian Moynihan: Bank Of America Ceo Talks Down Second-quarter Expectations

Bank of America Corp (BAC.N) second-quarter earnings will be hurt by a drop in trading revenue, lower-than-expected interest rates and the sale or shuttering of certain assets, the bank’s Chief Executive Brian Moynihan said on Wednesday. Speaking at an industry conference, Moynihan said trading revenues are on track to be some 10 percent to 12 […]

Option Market Bets Against Britain’s Pound Hit 2-1/2 Month High

Option Market Bets Against Britain’s Pound Hit 2-1/2 Month High

May 31 Option market bets on weakness in Britain’s pound Sterling reached their highest in more than two months on Wednesday after an overnight shock to the exchange rate from a poll showing the ruling Conservatives falling short of a majority in next week’s election. The 1-month sterling-dollar risk reversal – a measure of the […]

Africa’s Insurance Premium Depressed By Currency Depreciation In Nigeria, Egypt

Indications show that currency devaluation in Nigeria and Egypt is taking huge toll on Africa’s insurance premium income as measured in US Dollar terms. This was made known in the second edition of Africa Insurance Barometer market survey released by the African Insurance Organisation, AIO, at the just concluded 44th Conference and General Assembly in […]

Dollar Firms Against Sterling, Euro Amid Political Uncertainties

The dollar firmed against a basket of currencies on Tuesday as the euro and sterling were pressured by political uncertainties in the UK and eurozone, even as it surrendered ground against the perceived safe-haven yen. The dollar index, which tracks the greenback against a basket of six rival currencies, rose 0.2 percent to 97.659 .DXY, […]

Sterling Inches Higher, Investors Keep Bets On PM May Victory

Sterling Inches Higher, Investors Keep Bets On PM May Victory

The pound has risen nearly 4 percent since May called a snap election for June Sterling rose against the dollar on Tuesday, with investors shrugging off opinion polls showing British Prime Minister Theresa May’s lead over the Labour opposition narrowing less than two weeks before a general election. The pound has risen nearly 4 percent […]

Dollar, Yen Push Higher As European Political Nerves Weigh

Dollar, Yen Push Higher As European Political Nerves Weigh

The dollar index, under pressure over the past fortnight from concerns over the Trump administration’s difficulties, gained around 0.1 percent in morning trade in Europe Political worries over Greece, Italy and Britain had European currencies on the retreat against the dollar on Tuesday, with a bleaker mood on stock markets also pushing the yen higher. […]

Dollar Firms As GDP Revised Upwards

Dollar Firms As GDP Revised Upwards

The dollar on Friday edged higher after a measure of U.S. economic growth was revised higher for the first quarter of the year. The WSJ Dollar Index, which measures the U.S. currency against 16 others, rose 0.1% to 88.86. Gross domestic product, a broad measure of the goods and services produced in the U.S. economy, […]

With Tweak To Yuan Fix, China Exerts More Control Over Its Currency

With Tweak To Yuan Fix, China Exerts More Control Over Its Currency

China’s central bank said it was tweaking the mechanism for setting the yuan’s daily fix to smooth out fluctuations against the dollar, an acknowledgment that the country is hitching the yuan’s value closer to the U.S. currency. The People’s Bank of China said it was adding a “countercyclical” component to its model to prevent big swings. […]

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