Posted by support on October 26, 2016

LONDON (Reuters) - Genel Energy (L:GENL), one of the main oil producers in Iraqi Kurdistan, warned on Wednesday its full-year revenue would be at the lower end of its target because of weaker-than-expected production, sending its shares to a seven-month low.
Genel's main oil field, the Taq Taq asset with reserves of more than 170 million barrels, saw total production fall in the third quarter to 58,600 barrels per day (bpd), compared with 68,800 bpd in the first half of the year, as output from existing wells declined.

Posted by support on October 10, 2016

Some drug users seeking to avoid becoming a bloody statistic in Philippines President Rodrigo Duterte's crackdown on narcotics, are going into a rehabilitation program that teaches them how to make coffins.
More than 700,000 drug users and pushers have registered with the authorities in a process termed "surrendering", but there are few programmes or facilities to help most of them.

Posted by support on October 10, 2016

The government of Philippine leader Rodrigo Duterte has been a "huge disappointment and letdown", a former president and one of Duterte's mentors said, bucking popular sentiment and a high poll rating for his first 100 days in office.
In rare criticism of Duterte, 88-year-old former president Fidel Ramos said the government was "losing badly" by prioritising a war on drugs at the expense of issues like poverty, living costs, foreign investment and jobs.

Posted by support on October 08, 2016

LONDON (Reuters) - Sterling lost as much as 10 percent of its value in just a few minutes of trading early on Friday, a "flash crash" that fuelled concerns about the vulnerability of the currency and other British assets to investor worries about Brexit.
The pound recovered from the initial plunge, which took it as low as $1.1491 in Asian hours and was driven, dealers said, by the automated algorithmic computer trades that now dominate the global foreign exchange market.

Posted by support on October 08, 2016

WASHINGTON (Reuters) - World finance leaders issued fresh warnings about economic stability risks on Friday amid worries about a massive U.S. fine for Deutsche Bank (DE:DBKGn) destabilising Germany's largest bank, a sharp fall in the British pound and weak global growth.
Jeroen Dijsselbloem, the chairman of euro zone finance ministers, said that the U.S. Department of Justice's demand that Deutsche Bank pay $14 billion for its role in the sub-prime mortgage crisis is too big and will undermine financial stability.

Posted by support on October 08, 2016

HONG KONG (Reuters) - Sterling recouped some losses after plunging to a three-decade low in Asian trade on Friday amid growing fears of a "hard" exit by Britain from the European Union, while Asian stocks fell as investors took profits from a recent rally.
European markets were expected to open slightly higher with tiny gains forecast for Britain's FTSE, Germany's DAX and France's CAC.
The pound nosedived 9 percent at one point to $1.1491 after crashing through key support levels, triggering a wave of selling. An early trade even lower than that was later cancelled.

Posted by support on September 22, 2016

The kiwi posted early gains on Thursday in Asia after the New Zealand central bank held pat and the yen was a tad weaker with overnight moves by the Fed and Bank of Japan the subjects of speculation.

NZD/USD traded at 0.7343, up 0.03% after the RBNZ decision, while USD/JPY changed hands at 100.35, up 0.04% and AUD/USD traded at 0.7632, up 0.08%.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted down 0.53% to 95.46.

Posted by support on September 22, 2016

TOKYO (Reuters) - Asian shares edged closer to 14-month highs on Friday while the dollar was on the defensive as investors grew more convinced that the Federal Reserve is settling into a phase of very gradual interest rate hikes.
MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) was steady and within sight of its highest levels since July 2015 that it hit in early September.
Japan's Nikkei (N225) dipped 0.2 percent, reflecting the yen's gains during Japan's market holiday on Thursday.

Posted by support on September 22, 2016

SINGAPORE (Reuters) - Users of ride-hailing firm Grab will be able to book driverless cars from Friday as it partners with a start-up testing the technology in Singapore, just days after rival Uber [UBER.UL] debuted its self-driving vehicles in the United States.
The move comes as technology companies and automakers race to build autonomous vehicles and develop new business plans for what is expected to be a long-term makeover of personal transportation.

Posted by Tom on July 22, 2016


The Turkish Lira is retaking some ground lost today, with USD/TRY coming down near 3.0680 after hitting fresh all-time high at 3.0965 on Wednesday.
USD/TRY under pressure as situation remains fragile
TRY continues to suffer the consequences of the recent failed coup attempt, as agency S&P has downgraded the country’s credit rating, emphasizing at the same time the increasing uncertainty surrounding both the political and economic scenarios.

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