Morning Bid: Shutdown, oil, auctions and China rankle
The U.S. Capitol Building is seen in Washington, U.S., August 31, 2023. REUTERS/Kevin Wurm/File Photo Acquire Licensing RightsA look at...
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Morning Bid: Bank of Japan also holds policy and stays dovish
Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. REUTERS/Issei Kato...
Global central banks unite in ‘higher for longer’ credo
Federal Reserve Chair Jerome Powell, European Central Bank President Christine Lagarde, and Bank of Japan Governor Kazuo Ueda take a...
Dollar eases after Fed-spurred rise; yen stronger ahead of BOJ
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration,...
Analysis: Europe’s currencies feel fresh pain as central bank support fades
Sterling, Swiss franc hurt after cbank decisionsWeaker growth, rate cut prospects hurt European FXVolatility expected to pick upLONDON, Sept 21(Reuters) - There's no respite for struggling European currencies as a likely pause in central bank interest-rate rises and a weakening economic outlook puts the focus on prospective rate cuts ahead.Sterling slid to a more than six-month low against the dollar on Thursday, even after the Bank of England held rates at a 15-year high and pledged to raise borrowing costs again if it cannot tame inflation.The Swiss franc , one...
Dollar reigns as Europe’s central banks spring some surprises
World stocks on longest losing streak since MarchDollar highest since MarchSwiss franc tumbles on surprise SNB rate holdSterling drops as...
Morning Bid: Fed leaves shoe dangling in policy parade
The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022....
Swiss National Bank to expand liquidity provision to banks – Vice-Chairman
Vice-Chairman of the Swiss National Bank (SNB) Martin Schlegel attends a news conference in Zurich, Switzerland, March 23, 2023. REUTERS/Denis...
EU court says $748 million Belgian tax scheme is illegal state aid
BRUSSELS, Sept 20 (Reuters) - European Union's second-top court on Wednesday backed an EU competition regulator's decision against a 700-million-euro ($748 million) Belgian tax scheme for 55 multinationals, in a major win for EU antitrust chief's crackdown on sweetheart tax deals.The Luxembourg-based General Court had in 2019 annulled Margrethe Vestager's decision after Belgium and about 30 of the companies challenged it.Beneficiaries of the Belgian scheme that dated from 2005 included U.S. manufacturer Magnetrol, oil company BP (BP.L), chemical producer BASF (BASFn.DE), Wabco, Cellio, Atlas Copco (ATCOa.ST) and Belgacom, now Proximus...
European shares ease, with central banks in focus; Lonza drops on CEO exit
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 15, 2023. REUTERS/Staff/File photo Acquire Licensing RightsSocGen shares drop after new strategy flags little growthSwiss drug ingredient maker Lonza's CEO to leave, shares fallNordic Semiconductor at bottom of STOXX on Q3 guidance cutECB's Stournaras urges govts to help tame inflation -reportSTOXX 600 down 0.4%Sept 18 (Reuters) - European shares eased on Monday, after sharp gains last week, as investors braced for a week packed with global central bank meetings, including rate decisions from...