News & Analytic Centre

OSLO Reuters Offshore drilling rig contractor Seadrill said on Thursday it had taken an additional 2.9 billion noncash impairment on its assets due to a bleak outlook for the sector, which has reduced demand for its drilling rigs. Seadrill, which in February filed for Chapter 11 bankruptcy protection in the United States for the second […]

Rates as of 0500 GMT Market Recap The volatile Treasury market continues to set the pace for other markets. You can see just how volatile it is from the graph, which shows the recent surge in the MOVE index. The MOVE index is like the betterknown VIX index of stock market volatility but for bonds; […]

SYDNEY, March 4 Reuters The Australian and New Zealand dollars flatlined on Thursday after another spike in global bond yields spooked investors away from riskier assets, though sentiment was aided by data showing a record Australian trade surplus. The Aussie stood at 0.7785, having fallen from 0.7839 overnight when a jump in U.S. Treasury yields […]

TOKYO, March 4 Reuters Japanese shares fell sharply on Thursday as investors sold off index heavyweights including SoftBank Group and Fast Retailing following a plunge in the Nasdaq index overnight. The Nikkei share average lost 1.59 to 29,085.92 by 0149GMT, while the broader Topix declined 1.05 to 1,884.54. The decline in the Nasdaq index has […]