Friday, June 21st, 2019

 

Sterling falls after Johnson moves closer to becoming British PM

LONDON, June 21 — Sterling today slipped to a whisker off recent five-month lows against the euro after Brexiteer Boris Johnson moved closer to becoming British prime minister, worrying investors that his government would make a no-deal Brexit…


BoE boss dismisses claim on ‘standstill’ Brexit trade

LONDON, June 21 — Bank of England Governor Mark Carney today dismissed Boris Johnson’s claims that there would be a “standstill” trade arrangement, in the event of a no-deal Brexit. Johnson, who is leading the race to become Britain’s next…


Brussels blocks Swiss bourses’ access to EU market

BRUSSELS, June 21 — The European Commission will not propose extending the equivalence regime that allows Swiss stock exchanges direct access to EU investors, effectively ending it as of July 1, an EU diplomat told Reuters today. Today is the…


US stocks dip as rally shows fatigue

NEW YORK, June 21 — Wall Street stocks retreated in early trading today as investors took advantage of recent gains in the wake of the Federal Reserve’s more dovish posture to sell shares. Following a dismal performance in May, US stocks have…


German econmin: It’s up to Huawei to show it meets our security requirements

BERLIN, June 21 — Germany expects Huawei to demonstrate it can meet its security requirements for participating in the building of the country’s 5G network, the economy minister Peter Altmaier said after meeting with the company’s chief…


Ex-Barclays CEO cleared of fraud charges

LONDON, June 21 — Fraud charges against a former chief executive of British banking giant Barclays have been dropped, but three co-defendants will face a retrial following an appeal, a court heard today. Ex-CEO John Varley, along with former…


Moody’s lowers Petronas’ ratings after revising its methodology

KUALA LUMPUR, June 21 — Moody’s Investors Service has downgraded Petroliam Nasional Bhd’s (Petronas) domestic issuer and foreign currency senior unsecured ratings to A2 from A1 as well as changed the outlook to “stable” from…


Moody’s lowers Petronas’ ratings after revising its methodology

KUALA LUMPUR, June 21 — Moody’s Investors Service has downgraded Petroliam Nasional Bhd’s (Petronas) domestic issuer and foreign currency senior unsecured ratings to A2 from A1 as well as changed the outlook to “stable” from…


Gold glistens as US-Iran tensions fuel flight to safety

LONDON, June 21 — Gold prices struck near six-year highs today as a weaker dollar and escalating US-Iran tensions fuelled a flight to haven assets, while oil futures built on strong gains. It comes at the end of an eventful week for stock markets,…


Gold glistens as US-Iran tensions fuel flight to safety

LONDON, June 21 — Gold prices struck near six-year highs today as a weaker dollar and escalating US-Iran tensions fuelled a flight to haven assets, while oil futures built on strong gains. It comes at the end of an eventful week for stock markets,…