Marketmind: China markets exhale after bank reserves cut
A look at the day ahead in European and global markets from Tom Westbrook Chinese markets caught a foothold overnight, with a cut in bank reserve requirements and vague promises of more…
‘Out Of Bullets’: Biden Admin Fears The Return Of $5 Per Gallon After They Drained Strategic Oil Reserves
‘Out Of Bullets’: Biden Admin Fears The Return Of $5 Per Gallon After They Drained Strategic Oil Reserves Nick Pope on October 25, 2023 Some officials within the Biden administration reportedly fear…
Intesa to add 2 billion to reserves from bank tax
MILAN (Reuters) – Italy’s biggest bank, Intesa Sanpaolo, on Wednesday said it would increase non-distributable reserves by 2.07 billion euros ($2.19 billion) instead of paying a one-off windfall tax, making use of…
Asian FX reserves slip as central banks grapple with strong dollar
By Jaspreet Kalra and Ankur Banerjee SINGAPORE/MUMBAI (Reuters) – Asia’s central banks have spent this year defending their currencies against a strong U.S. dollar, paring foreign exchange reserves to multi-month lows in…
China forex reserves fall to $3.115 trln in September
SHANGHAI (Reuters) – China’s foreign exchange reserves fell more than expected in September, official data showed on Saturday, as the U.S. dollar rose against other major currencies. China’s reserves – the world’s…
S.Korea FX reserves fall for second month in Sept on market intervention
SEOUL (Reuters) – South Korea’s foreign exchange reserves fell for a second month in September and by the biggest amount in four months, central bank data showed on Friday, as authorities intervened…
Turkish central bank’s net reserves seen rising more than $6 billion as policy U-turn continues – bankers
By Nevzat Devranoglu ANKARA (Reuters) – The Turkish central bank’s net international reserves rose by more than $6 billion last week to about $24 billion, four bankers said on Tuesday, resuming an…
China forex reserves rise to $3.204 trln in July
BEIJING (Reuters) – China’s foreign exchange reserves rose more than expected in July, official data showed on Monday, as the dollar fell against other major currencies. The country’s foreign exchange reserves –…
DAVID BLACKMON: Biden Raided Our Gas Reserves To Help Win An Election. Will He Do It Again?
DAVID BLACKMON: Biden Raided Our Gas Reserves To Help Win An Election. Will He Do It Again? David Blackmon on August 6, 2023 Gasoline prices at the pump are high and will…
Venezuela’s gold reserves fall nearly 12% in six months
CARACAS (Reuters) – Venezuela’s gold reserves fell by eight metric tons in the year’s first half, central bank data showed on Friday, continuing a years-long reduction in the reserves amid a prolonged…
Stablecoin Tether’s reserves hit record $86.5 billion in Q2
By Elizabeth Howcroft LONDON (Reuters) – The world’s largest stablecoin, Tether, said on Monday its assets rose 5.7% to $86.5 billion in the second quarter of 2023, while it made more than…
ECB debated raising banks’ mandatory reserves in inflation fight – sources
FRANKFURT (Reuters) – European Central Bank policymakers debated raising banks’ mandatory reserves to 2% from 1% of their deposits at their meeting on Thursday as part of their fight against high inflation,…
US banks’ reserves steady, assuaging liquidity drainage fears
By Davide Barbuscia NEW YORK (Reuters) – A feared liquidity drainage in the U.S. banking system as the Treasury refills its coffers has not materialised yet, on the contrary reserves increased recently,…
Factbox-U.S. banks increase reserves for commercial real estate exposure
By Matt Tracy (Reuters) – The U.S. commercial property market has faced severe challenges since the pandemic due to lingering office vacancies, diminished retail activity and higher interest rates. That stress has…
Biden Mobilizes U.S. Military Reserves as War in Ukraine Intensifies
Last week, President Joe Biden issued an executive order, granting approval for the mobilization of select reserve forces with up to 3,000 personnel to support Operation Atlantic Resolve. Army Lt. Gen. Douglas…
It Could Take ‘Decades’ To Refill America’s Oil Reserves Drained By Biden, Experts Say
It Could Take ‘Decades’ To Refill America’s Oil Reserves Drained By Biden, Experts Say Nick Pope on July 17, 2023 It may take decades to refill the U.S. strategic petroleum reserve (SPR)…
Did Biden’s Calling Up Of Reserves Just Expose Critical Weaknesses In The US Military?
Did Biden’s Calling Up Of Reserves Just Expose Critical Weaknesses In The US Military? Micaela Burrow on July 14, 2023 President Joe Biden’s order authorizing reserve troops to “augment” American defense commitments…
‘Not Good’: Conservatives Rip Biden’s Call Up Of Reserves
‘Not Good’: Conservatives Rip Biden’s Call Up Of Reserves Harold Hutchison on July 13, 2023 Conservatives and Republicans ripped President Joe Biden after he announced a call up of reserves for operations…
US dollar share of global reserves edges up in Q1, euro’s share dips – IMF
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the first quarter of the year, in the midst of…
Global central banks post losses on reserves in 2022; no quick recovery seen -survey
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Global central banks experienced losses managing their reserves last year amid bond-heavy allocations that took a major hit in 2022 following aggressive monetary policy tightening…
Pakistan central bank’s forex reserves fall $102 million to $4.09 billion in week ended May 26
KARACHI, Pakistan (Reuters) – Pakistan’s central bank foreign reserves decreased by $102 million to $4.09 billion due to external debt payments during the week ended May 26, the central bank said in…
IMF Managing Director says she does not expect a rapid shift in US dollar reserves
DOHA (Reuters) – The International Monetary Fund’s managing director said on Wednesday she does not expect there to be a rapid shift in reserves of the US dollar. Asked about de-dollarisation of…
Turkey’s net FX reserves hit 21-year low of $2.3 billion before vote
ANKARA (Reuters) – The Turkish central bank’s net international reserves dropped some $4.45 billion to a 21-year low of $2.33 billion in the week to May 12, as forex demand surged ahead…
China forex reserves rise to $3.205 trln in April
BEIJING (Reuters) – China’s foreign exchange reserves rose more than expected in April, official data showed on Sunday, as the dollar fell against other major currencies. The country’s foreign exchange reserves –…
Vietnam central bank bought $4.9 billion in first 4 months to boost reserves – minister
HANOI (Reuters) – Vietnam’s central bank bought $4.9 billion from credit institutions in the first four months of this year to shore up its foreign exchange reserves, the investment minister said on…
Bolivian senate approves ‘gold law’ aimed at bolstering foreign reserves
LA PAZ (Reuters) – Bolivia’s senate early on Friday morning gave final approval to a so-called “gold law” aimed at strengthening the country’s foreign currency reserves. The legislation, which was supported by…
Breaking News
