Archive for the February 17, 2019
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Nigeria's naira is seen trading stable if upcoming elections pass off peacefully, while hard currency inflows from offshore investors are seen supporting Kenyan and Ugandan shillings. NIGERIA - The Nigerian naira could be broadly stable
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The Canadian dollar rallied against the greenback on Friday as domestic data eased fears about a weak housing market and after a bet by Warren Buffett on one of Canada's major energy companies that could
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Bullish positions on most Asian currencies strengthened over the past few weeks, a Reuters poll showed, reflecting newfound optimism that the United States and China would settle their long-drawn trade spat. Long bets on the
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The US dollar dropped on Friday after San Francisco Federal Reserve Bank President Mary Daly suggested the central bank may hold off on raising interest rates in 2019, bolstering risk appetite in the currency market.
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Philippines President Rodrigo Duterte has signed a law that boosts the central bank's ability to rein in inflation and increases its capital at a time of volatility in financial markets, the bank said. The new
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Mexico will inject $3.9 billion into ailing state oil company Pemex, officials said on Friday, promising to strengthen its finances and prevent a further credit downgrade, although investors saw the plan as only a short-term
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Thousands of "yellow vest" protesters marched across France Saturday, three months since the movement began and in a week that has seen growing international concern at police treatment of the protesters. Demonstrating for the 14th
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Turkey's central bank on Saturday lowered the level of lira reserves that banks must hold against deposits, while also raising the limit of gold that lenders can hold. In an issue of the Official Gazette,
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India's first semi-high speed train broke down Saturday after colliding with a cow on the tracks, a day after Prime Minister Narendra Modi inaugurated the new passenger service. The Vande Bharat Express, touted as India's
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International Monetary Fund Managing Director Christine Lagarde on Saturday urged Ukraine to forge ahead with deeper structural reforms needed to achieve stronger economic growth. Lagarde made the comments in a statement issued after meeting with
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