Canada calling? Hong Kong residents shift billions abroad after clampdown

2/2 © Reuters. FILE PHOTO: New Hong Kong Supermarket in Richmond 2/2 By Sarah Wu and Nichola Saminather TORONTO (Reuters) – As China imposed a sweeping national security law in Hong Kong last year after massive protests, residents of the city moved tens of billions of dollars across the globe to Canada, where thousands are […]

Continue Reading

Pound Trickles Lower as Traders Shift Attention to Bank of England

© Reuters By Yasin Ebrahim Investing.com – The pound eased against the dollar on Wednesday, as focus shifted to the Bank of England’s meeting, with traders eagerly awaiting clues about negative interest rates. fell 0.16% to $ 1.3643. The Bank of England is expected to keep rates at 0.10% and its pace of monthly bond […]

Continue Reading

China says will keep policy support for economic recovery, no abrupt shift

© Reuters. FILE PHOTO: Men stand on a balcony overlooking the central business district in Beijing BEIJING (Reuters) – China will maintain policy support for its economic recovery, avoiding a sudden shift in policy, to help keep economic growth within a reasonable range in 2021, the Xinhua news agency said on Friday, after a meeting […]

Continue Reading

Special Report-How oil majors shift billions in profits to island tax havens

5/5 © Reuters. FILE PHOTO: A Shell oil and gas sign is pictured near Nowshera 2/5 By Tom Bergin and Ron Bousso (Reuters) – Bermuda and the Bahamas aren’t exactly big players in the oil-and-gas world. They don’t produce any of the fuels at all. Yet the islands are deep wells of profit for European […]

Continue Reading

Canadian dollar forecasts shift higher as Ottawa pads economic support: Reuters poll

© Reuters. FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto By Fergal Smith TORONTO (Reuters) – The outlook for the Canadian dollar has improved on expectations the currency will benefit from domestic economic stimulus and the rollout of a COVID-19 vaccine, a Reuters […]

Continue Reading

Pound slips as Brexit deal “deadline” continues to shift ahead of transition period end

GBP/USD eases to a session low of 1.3240 after a tiny whipsaw from highs close to the 1.3300 level For bank trade ideas, check out eFX Plus The 60 pips drop isn’t really much of a game-changer from a technical perspective but it does help out sellers a little with EUR/GBP also managing to stave […]

Continue Reading

Despite shift, energy giants fall short of U.N. climate goals: study

2/2 © Reuters. FILE PHOTO: A view of Equinor’s oil platform in Johan Sverdrup oilfield in the North Sea, Norway 2/2 By Ron Bousso LONDON (Reuters) – Europe’s top oil companies are not yet aligned with U.N.-backed targets to combat climate change despite their plans to slash carbon emissions and pivot to renewable energy, a […]

Continue Reading

What Does The Fed’s Inflation Shift Mean?

For those traders awaiting Fed chairman Jerome Powell’s speech at the Jackson Hole symposium this week, there was certainly little disappointment. The Fed chair announced major shift in the Fed’s inflation strategy or, what he called, a “robust updating” of its policy. Powell announced that the bank has formally agreed to a new strategy of […]

Continue Reading

Asian stocks may be choppy despite U.S. Fed inflation shift, COVID outlook

By Katanga Johnson WASHINGTON (Reuters) – Asian equities are likely to have a bumpy ride on Friday after U.S. stocks scaled new peaks for a third straight day and bond yields surged on the Federal Reserve’s average-inflation strategy, as well as a promising development in curbing the coronavirus pandemic. Markets swirled after Fed Chairman Jerome […]

Continue Reading