By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The dollar ticked higher on Tuesday ahead of a raft of central bank decisions but remained on track for its fourth consecutive monthly loss. The U.S. Federal Reserve will set interest rates on Wednesday, followed by the European Central Bank (ECB) and Bank of England (BoE)…
By Siddhi Nayak and Dharamraj Dhutia MUMBAI (Reuters) – Indian conglomerate Adani Group’s locally listed bonds have resisted the panic selling in the groups’ dollar-denominated debt and domestically listed stocks since last Wednesday following short-seller Hindenburg Research’s scathing report on the group. Hindenburg accused the conglomerate of improper use of offshore tax havens and flagged…
By Rowena Edwards LONDON (Reuters) -Oil prices fell on Tuesday as the prospect of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China. March Brent crude futures fell by $1.01, or 1.19%, to $83.89 per barrel by 0920 GMT. The March contract expires on Tuesday and the more heavily…
BEIJING (Reuters) – China is seriously concerned about a report that the United States has stopped approving licences for U.S. companies to export items to tech giant Huawei, a foreign minsitry spokesperson said on Tuesday. “We are closely following relevant developments,” Mao Ning told a regular news briefing in response to a query on the…
LONDON (Reuters) – Central banks added a whopping 1,136 tonnes of gold worth some $70 billion to their stockpiles in 2022, by far the most of any year since 1967, the World Gold Council (WGC) said on Tuesday. The data underline a shift in attitudes to gold since the 1990s and 2000s, when central banks,…
A look at the day ahead in European and global markets from Anshuman Daga An impressive 6% rally in global stocks this month, the first gain in January after three years, has got investors all excited after a dismal 2022. Fundamentally, prospects for the world economy are not as bad as feared just a few…
(This Jan. 20 story has been refiled to add dropped words in the eighth paragraph) By Siyi Liu and Dominique Patton FOSHAN, China (Reuters) – China’s copper buyers face higher costs for the metal this year, buyers and analysts said, after market disruptions from top importer Maike Group’s financial woes and production glitches at domestic…
(Restores dropped letter in lede) By Dietrich Knauth NEW YORK(Reuters) -Bankrupt crypto exchange FTX sued crypto lender Voyager Digital on Monday, seeking to claw back $445.8 million in loan repayments that FTX made before collapsing into bankruptcy in November 2022. FTX and Voyager both filed for bankruptcy amid a 2022 collapse in cryptocurrency markets, but…
By Stella Qiu SYDNEY (Reuters) – Australian retail sales recorded the biggest drop in more than two years in December, as rising borrowing costs and sky-high inflation finally sank spending, an economic shock that may lessen the need for much more policy tightening. Retail sales fell 3.9% in December from November, after 11 months of…
By Kantaro Komiya TOKYO (Reuters) – Japanese factories cut output slightly in December, capping the worst quarter for manufacturers since the onset of the COVID-19 pandemic, hit by stalling global demand and rising costs. Although retail sales, a barometer of service-sector activity and consumer spending, rose more than expected, the faltering factory activity is ill-timed…
