SINGAPOREHANOI, May 4 Reuters KPMG has been appointed by Singapores High Court as the interim judicial manager for companies caught up in an alleged bogus nickel trading scheme, the accounting firm said on Tuesday. The alleged fraud, one of Singapores biggest, centres around a former managing director of trading companies Envy Global Trading and inactive […]

LONDON, May 4 Reuters Sterling dipped against the dollar on Tuesday with potential volatility expected by analysts ahead of Thursdays Bank of England meeting and the Scottish parliamentary elections. The BoE is expected by some analysts to announce tapering, or a reduction in the pace of its bond purchases at its meeting. On the BoE, […]

SYDNEY, May 4 Reuters Australias Port of Newcastle has signed a A515 million 398 million loan with National Australia Bank NAB that links interest payments to nonmandatory social and environmental targets, the companies said. The worlds largest coal port will pay less if certain targets are met, including reducing its direct and indirect greenhouse gas […]

The dollar added 0.1 by the European open, having almost completely recovered from the decline the day before. The recent pull into the dollar is well matched by the slippage in stock markets. Since the start of last week, the SP500 has slowed markedly and turned to decline by the weeks end. A corresponding decline […]

LONDON, May 4 Reuters Emerging market stocks struggled to make headway on Tuesday as Taiwan and India wrestled with rising COVID19 infections, with the latter seeing cases surge past 20 million. Taiwans main stock index, one of the strongest performers in Asia so far this year, was 1.7 down in a second consecutive day of […]

LISBON, May 4 Reuters Portugals statebacked Resolution Fund wants to negotiate a large loan from a group of banks to shore up the capital of lender Novo Banco, which was carved out of the collapsed Banco Espirito Santo BES. Such a cash injection is politically contentious, however, partly because lossmaking Novo Banco is 75owned by […]

The rally by the U.S. Dollar Index (DXY) will likely accelerate as major resistance has been breached.

HONG KONG Reuters Chinese online insurance technology firm Waterdrop Inc aims to raise up to 360 million in an initial public offering on the New York Stock Exchange, company filings show. Waterdrop, which is backed by Tencent, will sell 30 million American Depository shares for between 10 and 12 each, it said in the filings […]

LONDON, May 3 Reuters The dollar retreated after its recent bounce on Monday as investors made a cautious start to a week crammed with central bank meetings and bigticket U.S. economic data, waiting for clues on the global inflation outlook and policymakers responses. Trade was thinned by holidays in Japan, China and Britain, which kept […]

BENGALURU, May 3 Reuters Indian shares fell on Monday as conglomerate Reliance Industries slid after missing quarterly profit estimates, and as investors weighed growing calls to curb economic activity to check a relentless surge in COVID19 infections. The NSE Nifty 50 index declined 0.53 to 14,553.4 by 0508 GMT, while the benchmark SP BSE Sensex […]