By Fergal SmithForeign investors including pension funds, insurance companies and hedge funds are buying Canada's federal bonds in record amounts, easing the cost of funding Prime Minister Mark Carney's expensive nation-building projects but potentially introducing more volatility to Canada's debt…
By Terence GabrielThe Magnificent Seven stocks may be nearing an important turning point after a sharp June selloff. The big question now is whether buyers step in soon, or whether the decline has further to run.Click here for a more detailed chart.The group has fallen much more than the broader ma…
By Michael S. DerbyThe Federal Reserve's rebuild of money market liquidity is pointing to a quiet turn of the quarter, market participants say, as ample central bank cash depresses the volatility that often emerges around such calendar dates.Heading into the quarter-end, market participants do not…
By Richard CowanInside President Donald Trump's six "Freedom Trucks" that will drive across the country to celebrate America's 250th birthday, an AI-generated George Washington greets visitors and proclaims: "Thy rights are a gift from God," beneath a ceiling emblazoned with the words, "In God We T…
By Michael Erman and Deena BeasleyPresident Donald Trump has promised to make U.S. prescription drug prices the cheapest in the world, but a closely watched Medicaid pilot program could expose the limits of the buy-in among mid-sized and smaller pharmaceutical companies.The administration convinced…
By David LawderU.S. President Donald Trump's administration is expected to formally declare on Wednesday that it will not extend the U.S.-Mexico-Canada Agreement on trade, starting a decade-long clock to wind down the 32-year-old North American free trade zone as the three countries haggle over pro…
By Howard SchneiderThe Supreme Court may have reaffirmed the U.S. Federal Reserve's independence, but in a pair of rulings also left the central bank isolated as possibly the last agency able to wield executive power based on expertise free of the threat of its officials being fired by the presiden…
Tokmanni Group Oyj OMXHEX:TOKMAN:
GOLD SLUMP MAY HAVE GONE TOO FAR FOR TRADERSGold TVC:GOLD has lost much of its lustre in recent months, but SentimenTrader argues the selloff may now have gone too far for short-term traders to ignore.The SPDR Gold Trust AMEX:GLD (GLD), the world's largest gold-backed exchange-traded fund, has slum…
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The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday:** British lender Barclays LSE:BARC acquired a 999-year leasehold interest in its global headquarters at London's Canary Wharf in a deal valued at £750 million ($992.78 million).** India's Adani Ports and S…
Indonesia raised 10 trillion rupiah ($559.44 million) from an Islamic bond auction on Tuesday, matching the indicative target, its finance ministry said.Total incoming bids stood at 15.91 trillion rupiah, below the 19.14 trillion rupiah in the previous auction on June 17.($1 = 17,875 rupiah)
INDIA'S MANN FLEET PARTNERS FILES FOR IPO - DRAFT PROSPECTUSMANN FLEET PARTNERS IPO: FRESH ISSUE OF UP TO 6 MILLION SHARESMANN FLEET PARTNERS IPO: EXISTING SHAREHOLDERS SELLING UP
Japan's Economy Minister, Minoru Kiuchi, said on Tuesday he hopes the central bank guides monetary policy in a way that helps the government achieve a stronger economy."Specific monetary policy decisions fall under the jurisdiction of the BOJ," Kiuchi told a news conference.But the BOJ law also has…
Italian EU-harmonised consumer prices (HICP) rose 0.1% in June from the month before, with the annual inflation rate slowing to 3.1% from May's 3.2%, preliminary data showed on Tuesday, amid high energy costs due to turmoil in the Middle East.The reading was slightly below a median forecast in a Re…
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Trading activity in Asia's diesel markets remained thin on Tuesday, although some procurement tenders were outstanding in Southeast Asia, while the swaps backwardation structure firmed on the last trading day of June.July spot sales slowed slightly, with one regional refiner heard to have withdrawn…
India recorded its driest June in more than a decade and the fifth driest since record-keeping began in 1901, with monsoon rainfall 39.8% below the long-term average, weather department data showed on Tuesday.The rainfall deficit, caused by the delayed advance of the annual monsoon, has slowed the…
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