Oil trims gains but Middle East risks keep stocks on back foot

TOKYO (Reuters) – Oil shed some of its massive gains on Tuesday as the United States flagged the possible release of crude reserves, but the threat of military action over the attacks on Saudi oil facilities kept prices elevated and stocks under pressure. While equity market losses have not been large, shaky investor confidence continued to support safe-haven assets, with […]

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UPDATE 1-Global daily FX trading at record $6.6 tln as London extends lead

* Trading volumes jump 29% in three years * Spot trading declines; FX swaps hit 49% of volumes * London’s share hits 43%, up from 37% in 2016 * Interactive graphic on FX trading tmsnrt.rs/305PApu * Interactive graphic on FX market share tmsnrt.rs/300r7lM (Adds analyst’s comment) By Tommy Wilkes and Saikat Chatterjee LONDON, Sept 16 (Reuters) – Global daily currency […]

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Oil soars 10% after attack on massive Saudi oil facilities

NEW YORK (Reuters) – Oil futures jumped 10% on Monday after an attack on Saudi Arabian crude oil processing facilities over the weekend sliced the kingdom’s production in half and threatened to hamper shipments from the world’s largest crude exporter. Prices initially surged more than 20% after the open on Sunday evening, with Brent crude posting its biggest intraday gain […]

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Dream Global REIT to be bought by Blackstone funds in $4.7 billion deal

(Reuters) – Dream Global Real Estate Investment Trust (DRG_u.TO) said on Sunday it is to be bought by funds managed by Blackstone Group Inc (BX.N) in a C$6.2 billion ($4.69 billion) deal. Blackstone will pay C$16.79 in cash for each Dream Global unit to acquire all of the office and industrial property manager’s subsidiaries and assets, according to a statement […]

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Global stocks, bond yields lifted by U.S.-China trade hopes

NEW YORK (Reuters) – A gauge of global stocks rose for an eighth straight day and benchmark government bond yields climbed on Friday after signs of progress in U.S.-China trade talks, as well as a solid U.S. retail sales report, allayed recession worries. Stocks on Wall Street were little changed, as weakness in tech companies Apple and Broadcom helped erase […]

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EXPLAINER -How does negative rate policy work?

Sept 11 (Reuters) – U.S. President Donald Trump has suggested that the U.S. Federal Reserve drive interest rates into negative territory. He says his motivation was to refinance the U.S. government’s $22 trillion in outstanding debt and lengthen the amount of time over which it is repaid. Negative rate policy is something Fed officials have downplayed as appropriate in the […]

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