Tuesday, January 22, 2019

Forex

UBS says not yet time to buy sterling

© Reuters. British Pound Sterling banknotes are seen at the Money Service Austria company’s headquarters in Vienna LONDON (Reuters) – Buying sterling is not advisable because of Brexit uncertainty, UBS Wealth Management said on Monday, adding that hedging pound exposure over the next three months is one way to avoid market volatility. While the agreement […]

Economy

South Korean economy gets fiscal spending lift, trade pressure dims outlook

© Reuters. An employee walks on a crane at a container terminal at Incheon port in Incheon By Cynthia Kim and Hayoung Choi SEOUL (Reuters) – South Korea’s economy expanded at the fastest pace in three quarters in the last three months of 2018 as a jump in government spending juiced up construction and investment, […]

British PM to try to break Brexit deadlock with EU concessions

© Reuters. Britain’s Prime Minister Theresa May leaves church, near High Wycombe By Guy Faulconbridge and Andrew MacAskill LONDON (Reuters) – British Prime Minister Theresa May will try to break the Brexit deadlock on Monday by setting out proposals in parliament that are expected to focus on winning more concessions from the European Union. With […]

Small electric cars may be unaffordable for some: VW chairman to newspaper

© Reuters. FILE PHOTO: Poetsch, chairman of the Volkswagen’s supervisory board, speaks during the Volkswagen Group’s annual general meeting in Berlin BERLIN (Reuters) – The move to electric vehicles will make cars significantly more expensive, meaning they may become unaffordable for people on low incomes in the future, the chairman of Volkswagen (DE:) said in […]

Commodities & Futures

Canadian railways ration space as commodity congestion problems worsen

© Reuters. FILE PHOTO: The Canadian Pacific railyard is pictured in Port Coquitlam. By Rod Nickel WINNIPEG, Manitoba (Reuters) – Canada’s two major railways are rationing space on trains traveling to the country’s biggest port and recently prioritized some commodities over others to deal with congestion, the latest indication of their struggle to meet demand […]

Oil falls as slowing China economy dents markets

© Reuters. Pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, Shandong By Amanda Cooper LONDON (Reuters) – Oil prices fell on Monday, in line with weaker stock markets after evidence that economic growth in China, the world’s second largest crude consumer, eased in 2018. Brent crude oil futures () were last down […]