Posted by editor on March 29, 2017

 It was almost a major faux pas in sports-mad Australia - Chinese Premier Li Keqiang arrived at an Australian Rules football match in Sydney wearing the blue, black and white scarf of interstate rival Port Adelaide Power.

But Li quickly donned a red and white scarf of the hometown Sydney Swans to match that of his host, Australian Prime Minister Malcolm Turnbull.

Posted by editor on March 28, 2017

Europe's top court on Tuesday upheld European Union sanctions on Russia over the Ukraine conflict, including on its largest oil group Rosneft (MM:ROSN), in a ruling that asserts the court's jurisdiction over the bloc's foreign policy.

The EU slapped sanctions on Russia after it annexed Crimea from Ukraine in 2014 and stepped them up as Moscow went on to support a separatist rebellion in Ukraine's industrial east.

Posted by editor on March 27, 2017

South Korea's Hyundai Motor (KS:005380) on Monday said it had suspended production at one of its Chinese factories for a week, fuelling concern that a diplomatic standoff may be hurting sales in the automaker's top market.

Posted by editor on March 23, 2017

The Australian dollar slipped lower against its U.S. counterpart on Thursday, although sentiment on the greenback remained vulnerable. Meanwhile, the New Zealand dollar edged up after the Reserve Bank of New Zealand left interest rates unchanged.

AUD/USD slipped 0.25% to 0.7657.

The Australian dollar’s losses were expected to remain limited as the greenback remained under heavy pressure ahead of a key vote on U.S. President Donald Trump’s healthcare bill later in the day.

Posted by editor on March 22, 2017

The People's Bank of China set the yuan mid-point at 6.8889 against the dollar on Wednesday, compared with the previous close of 6.8928.

The China Foreign Exchange Trade System sets the weighted average of prices given by market makers. The highest and lowest offers are excluded from the calculation. The central bank allows the dollar/yuan rate to move no more than 2% above or below the central parity rate.

Market watchers see a yuan level of 7 against the dollar as a key touchstone for sentiment in the near term.

Posted by editor on March 21, 2017

China's cabinet said on Tuesday it had appointed Guo Shuqing, the head of the country's banking regulator, to the central bank's monetary policy committee, in a routine reshuffle.

Guo, who was named as chairman of the China Banking Regulatory Commission (CBRC) this month, will replace his predecessor Shang Fulin as a member of the monetary policy committee.

The State Council also appointed Ding Xuedong, deputy secretary-general of the cabinet, to the committee, replacing his predecessor Xiao Jie, who is now finance minister.

Posted by editor on March 20, 2017

The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending March 14 on Friday.


Speculative positioning in the CME and ICE currency, commodity, energy and index futures:


Posted by editor on March 17, 2017

The European Central Bank will decide at a later time whether to raise interest rates before or after ending its bond purchase program, ECB policymaker Ewald Nowotny told a newspaper on Thursday.

The Austrian central bank governor said the ECB could hike its remuneration of bank deposits, currently below zero, before the main rates at which it lends to banks.

Posted by editor on March 16, 2017

 The U.S. economy is expanding at its weakest pace in two years, losing momentum following solid growth in the fourth quarter of 2016, according to the Atlanta Federal Reserve's latest forecast released on Wednesday.

U.S. gross domestic product was on track to grow at a 0.8 percent annualized pace in the first quarter following the latest jobs, consumer price and retail sales data, down from the 1.2 percent rate calculated on March 8, the Atlanta Fed's GDP Now forecast model showed.

Posted by editor on March 15, 2017

OPEC said on Tuesday oil inventories have risen despite a global deal to cut supply and raised its forecast of production in 2017 from outside the group, suggesting complications in an effort to clear a glut and support prices.

In a monthly report, OPEC also said its biggest producer Saudi Arabia increased output in February by 263,000 barrels per day to 10 million bpd, after in January making a larger cut than required by the OPEC accord to ensure strong initial compliance.


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