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Reuters Business News- Lloyds agrees to sell Crest Nicholson stake to VardeLONDON (Reuters) - Lloyds Banking Group has agreed to sell its stake in housebuilder Crest Nicholson to U.S. investment company Varde, continuing to shed non-core assets and refocus on its core lending activities. […]
- Asia stocks rise, yen steady but outlook unclearHONG KONG (Reuters) - Asian stocks edged up and the yen held below a 15-year high on Thursday, after a small rally on Wall Street driven by successful European bond auctions gave investors an excuse to lighten up on their bets. […]
- U.S. slips in WEF's competitiveness rankingsBEIJING (Reuters) - Switzerland remains the world's most competitive economy, while the United States has fallen from second to fourth after losing the top spot last year, according to the World Economic Forum's annual rankings issued on Thursday. […]
- Goldman Sachs fined $30.9 million in UK: reportLONDON (Reuters) - Goldman Sachs has been fined 20 million pounds ($30.9 million) by the UK's financial regulator for failing to disclose it was under fraud investigation by its U.S. counterpart, the BBC reported on Wednesday. […]
- Economists cut U.S. growth forecast againWASHINGTON (Reuters) - Projected U.S. economic growth for the rest of this year and next was revised down for a third month in a row by a panel of about 50 economists. […]
- Australia regulator blocks NAB's $12 billion AXA unit bidSYDNEY (Reuters) - Australia's competition regulator blocked National Australia Bank's $12 billion bid for AXA Asia Pacific for a second time, dashing NAB's efforts to cement its dominance in the world's fourth-largest wealth management market. […]
- China prepares further property tighteningBEIJING (Reuters) - Some Chinese cities are preparing fresh property tightening steps as housing transactions and prices show signs of a rebound, reinforcing market expectations that Beijing will not ease its grip on the sector any time soon. […]
- Lloyds agrees to sell Crest Nicholson stake to Varde
- Forex Market News
- Crude Oil Awaits Inventory Data, Gold’s First Test of Records UnsuccessfulCrude oil is little changed in overnight trade as the commodity awaits a much-anticipated report on U.S. petroleum inventories on Thursday. A larger-than-normal build will may lead to more underperformance by oil, while a bullish surprise may lead to a breakout. […]
- Australian Dollar and Japanese Yen Rise as Data SupportsEstablished trends are maintained in the Asia session, ahead of the Bank of England rate decision. The Aussie-Dollar has attempted to breakout on strong economic data, but tomorrow’s risk trends will need to reinforce the move. […]
- Dollar Victim to the Restraint of Risk Trends as Dow Bounce Offsets Response to Negative DataNo matter how hard the dollar tries, its fundamental path is currently bound to underlying investor sentiment. This isn’t a unique relationship by any means. In fact, cross market correlation is near its highest level in over a year – a product of structural developments that include increased globalization and access to capital markets. […]
- Crude Postures for a Breakout but Gold Needs Momentum for Record HighsOnce again, we are left to qualify the sincerity of investor sentiment. Wednesday’s session brought a clear advance in the appetite for risk; but considering the lack of a distinct trend for equities, crude and even progress on gold, it seems traders are still waiting. […]
- EUR/CAD Under Pressure Following BoC Rate Hike, Ivey PMI Report; Traders Shift Their Focus to the Canadian Employment Report[…]
- GBP/USD: Trading the Bank of England Interest Rate DecisionThe Bank of England is widely expected to maintain its current policy in September, and the British Pound could face increased volatility following the rate decision as investors weigh the prospects for future policy. […]
- Crude Oil Awaits Inventory Data, Gold’s First Test of Records Unsuccessful