Market Pulse - Currencies
Bitcoin falls below $8,000 as investors lose interest
Bitcoin fell briefly below $8,000 on Monday as investors lose interest in cryptocurrencies after enduring a selloff in mainstream technology shares in a sign that risk aversion might be having ripple effects.
Heinz pledges to make all packaging recyclable by 2025
Kraft Heinz pledged on Tuesday to make all its packaging recyclable, reusable or compostable by 2025, stepping up its commitment to reducing its carbon emissions.
US Treasury's Mnuchin, China's Liu talking to each other on trade
The US and China are attempting to restart talks in a bid to avoid a full-blown trade war between the two economic blocks.
BoJ raises ceiling for JBG yields but cuts medium-term inflation forecasts
Rate-setters in Japan did indicate they would tolerate slightly higher levels of long-term interest rates, as expected, even as they lowered their medium-term forecasts for inflation in Asia's second-largest economy.
Official China factory PMI misses forecasts in July
A key survey of manufacturing sector conditions in China weakened unexpectedly in July, reaching its lowest level in over a year, but mainly reflecting domestic headwinds, economists said.
Right-wing think tank offered US donors 'access to ministers'
Right-wing think tank the Institute of Economic Affairs has been accused of offering donors access to ministers and civil servants in order to raise cash.
FX round-up: Pound dips as Foreign Secretary warns EU against miscalculations
Sterling was again on the back foot on Monday, against both the US dollar and the single currency, albeit marginally so.
China 'won't devalue currency' despite trade war fears
China has insisted it will not devalue the yuan, as the country’s escalating trade war with the US continued to take its toll on currencies.
Trump warns Iran to "never, ever threaten the US" or suffer consequences
US president Donald Trump warned Iran late on Sunday night via twitter not to threaten the US ever again or it would suffer severe consequences.
UK won't blink on Brexit, Jeremy Hunt warns EU
Newly-appointed Foreign Secretary Jeremy Hunt has said the European Union risks forcing the UK out without a deal – and warned that the country will not "blink" in negotiations.
Impact of US tariffs to stay Fed's hand in Q4, UBS predicts
Economists at UBS no longer see the US central bank hiking interest rates in the fourth quarter 2018, anticipating instead that the drag on growth from tariffs will stay the Federal Reserves hand.
Yen jumps, JGBs slump on reports BoJ mulling policy changes at 31 July meeting
Japanese capital markets are in focus at the start of the week, following reports that rate-setters in Tokyo were mulling ways to reduce the potential side-effects from its so-called policy of 'yield curve control' and of making it more sustainable.
Trump 'not thrilled' about Fed rate hikes, threatens China again
President Donald Trump took the unusual step of explicitly criticised the Federal Reserve for raising interest rates and the potential impact on the US economy, as well threatening to hit China with a new wave of tariffs.
Pound drops to 10-month low after disappointing week of data
Sterling was sent slipping and sliding to below $1. 30 for the first time in 10 months after a series of disappointing economic data points this week lowered expectations for UK interest rates.
May narrowly avoids rebellion on customs union in crucial vote
Prime Minister Theresa May narrowly avoided a rebellion within her own ranks on Tuesday night over the EU customs union with the help of four Labour pro-Brexit MPs and a threat to call an election.
UK could become leading global hub for crypto economy, report says
The UK has all the required resources and an industrial and governmental will to become a global hub for crypto economy and blockchain technologies by 2022, according to new research.
China vows revenge as Trump launches 'unacceptable' new tariffs
Global stock markets have been sent crashing as Washington prepares to launch a new $200bn worth of tariffs on Chinese goods, including fruit and vegetables, handbags, refrigerators and clothing.
Next global financial crisis will throw-up opportunities, Mark Mobius says
Emerging market investing legend Mark Mobius is raising new funds in anticipation of buying opportunities on the horizon.
FX round-up: Economists divided on August MPC hike, political uncertainty in focus
Sterling edged higher on Tuesday, even after the European Union's chief negotiator, Michel Barnier, said Brussels would continue to insist that the single market for goods was inseparable from that for services.
Chinese inflation edges higher in June, but only temporarily
Price pressures in Asia's largest economy picked-up last month, but that was unlikely to last, analysts said.