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Search resuls for: "languishes"


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☆ Dollar languishes as bank crisis fears ebb on Credit Suisse rescue
  + stars: | 2023-03-21 | by ( Rae Wee | ) www.reuters.com   time to read: +3 min
SINGAPORE, March 21 (Reuters) - The dollar regained some ground on Tuesday but was pinned near a five-week low as traders tiptoed back into riskier assets after UBS' state-backed takeover of Credit Suisse allayed some fears of a widespread, systemic banking crisis. "There has been pretty modest demand for U.S. dollars at the Fed swap lines, so that is a positive sign in and of itself," said Carol Kong, a currency strategist at Commonwealth Bank of Australia (CBA). The dollar slipped 0.12% to 131.15 against the Japanese yen , while the U.S. dollar index , which measures the greenback against a basket of currencies, fell 0.04% to 103.30. Lower U.S. rate expectations also added to downward pressure on the dollar ahead of the Fed's two-day policy meeting commencing later on Tuesday. The Reserve Bank of New Zealand said on Tuesday it saw no immediate need to request the reinstatement of a U.S. dollar swap line that expired in 2021.
☆ China Stumbles in Pursuit of Xi Jinping’s Soccer Goals
  + stars: | 2023-03-02 | by ( Chun Han Wong | ) www.wsj.com   time to read: 1 min
HONG KONG—For years, Chinese leader Xi Jinping has pushed to transform his nation into a soccer powerhouse. That quest has become an own-goal, exposing the limits of his top-down control. China remains a perennial underachiever in the game some eight years into Mr. Xi’s soccer overhaul. Its men’s national team still languishes in the middle tier of international rankings, below the likes of Iceland, Iraq and Panama. Some top professional teams have slashed players’ wages or collapsed after they and their corporate owners lost revenues amid pandemic disruptions and a property-market slump.
☆ Wood Group has grounds to face down Apollo
  + stars: | 2023-02-23 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Feb 23 (Reuters Breakingviews) - John Wood Group (WG.L) has a seriously pushy bidder. While the latest 230 pence a share one represents a 50% premium to Wood Group’s closing price on Wednesday, the target has reasonable grounds to say no. Wood Group’s latest offer implies only around seven times on the same metric. Admittedly Wood Group shares are hovering around 200 pence, far below Apollo’s offer. Still, if he’s right and Wood Group trades on the same multiple at its peers, it would be worth nearly 3.8 billion pounds.
☆ Dollar languishes as Fed rate hike fears recede; China reopening boosts optimism
  + stars: | 2023-01-10 | by ( Rae Wee | ) www.reuters.com   time to read: +3 min
The dollar's decline pushed the euro to a seven-month peak of $1.07605 in the previous session. Sterling slipped 0.03% to $1.2177, after similarly hitting a three-week top of $1.2209 on Monday and ending the session 0.73% higher. Against a basket of currencies, the U.S. dollar index edged 0.04% higher to 103.21, after tumbling 0.7% and touching a seven-month low of 102.93 in the previous session. The offshore yuan last bought 6.7757 per dollar, and was edging towards the previous session's near five-month top of 6.7665 per dollar. "Hedge funds managers have turned slightly bearish USD following the full reopening in China," said Tareck Horchani, head of head of prime brokerage dealing at Maybank Securities.
☆ Control of Congress - and Biden's power - on the ballot in U.S. midterms
  + stars: | 2022-11-08 | by ( Joseph Ax | ) www.reuters.com   time to read: +8 min
Thirty-five Senate seats and all 435 House of Representatives seats are on the ballot. A Republican-controlled House would be able to block bills addressing Democratic priorities such as abortion rights and climate change. A Republican Senate, meanwhile, would hold sway over Biden's judicial nominations, including any Supreme Court vacancy. However, some Democrats in tough races have deliberately distanced themselves from the White House as Biden's popularity languishes. "Democracy is literally on the ballot," Biden said on Sunday at a rally in Yonkers, New York.
☆ U.S. natgas languishes near 7-month low after big storage build
  + stars: | 2022-10-20 | by ( ) www.reuters.com   time to read: +3 min
Oct 20 (Reuters) - U.S. natural gas futures fell to their lowest since March on Thursday, after a federal report showed a larger-than-expected storage build last week and as the market is expected to see increases in output. Front-month gas futures fell 1.9% to settle at $5.358 per million British thermal units, after sliding to $5.253 per mmBtu earlier in the session. It was also the fifth week in a row that stockpiles increased by over 100 bcf. With milder weather coming, Refinitiv projected average U.S. gas demand, including exports, would fall from 100.6 bcf per day this week to 95.5 bcf per day next week. Even though natural gas production growth will likely outpace domestic natural gas demand growth in winter 2022-2023, the continued growth in net exports and reduced natural gas storage inventories are expected to place additional upward pressure on natural gas prices this winter, the Federal Energy Regulatory Commission (FERC) said on Thursday.
☆ Sterling languishes near 37-year low vs dollar
  + stars: | 2022-09-19 | by ( ) www.reuters.com   time to read: +2 min
Pound and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/IllustrationLONDON, Sept 19 (Reuters) - Sterling was weaker against a robust dollar on Monday, hovering near last week's 37-year low, with sentiment towards the British currency remaining weak given a darkening economic outlook. The Federal Reserve is also meeting this week and expectations for an even bigger hike of at least 75 bps has bolstered the dollar. The pound was last trading at $1.1381 , down about 0.5% on the day and within sight of the 37-year low hit on Friday at $1.1351. Register now for FREE unlimited access to Reuters.com RegisterReporting by Dhara Ranasinghe Editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.
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