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…
‘Thick Blanket Of Amnesia’: Former Trump Adviser Blasts Senate Dem’s Call To Tap Heating Oil Reserves
‘Thick Blanket Of Amnesia’: Former Trump Adviser Blasts Senate Dem’s Call To Tap Heating Oil Reserves Harold Hutchison on October 26, 2022 Fox Business host and former Trump administration adviser Larry Kudlow…
Exclusive-Vietnam may widen dong trading band again to conserve FX reserves – source
HANOI (Reuters) – Vietnam is preparing to loosen its tight leash on the dong currency, including possibly widening its trading band with the U.S. dollar again, in order to conserve its shrinking…
‘A Win For Taxpayers’: Biden To Pay Nearly Three Times More Than Trump Would Have To Refill Strategic Oil Reserves
‘A Win For Taxpayers’: Biden To Pay Nearly Three Times More Than Trump Would Have To Refill Strategic Oil Reserves Jack McEvoy on October 18, 2022 President Joe Biden will buy…
Biden Admin To Further Drain Strategic Oil Reserves Ahead Of The Midterms: REPORT
Biden Admin To Further Drain Strategic Oil Reserves Ahead Of The Midterms: REPORT Jack McEvoy on October 18, 2022 The Biden administration will announce the sale of 14 million crude oil…
Analysis-Foreign banks amass reserves at the Fed, bracing for funding stress
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Foreign bank units have been accumulating cash reserves at the Federal Reserve, likely reflecting concerns that a dollar funding crunch could be looming as the…
China says it reserves right to use force over Taiwan
BEIJING (Reuters) – China reserves the right to use force over Taiwan as a last resort in compelling circumstances, though peaceful reunification is its first choice, a Communist Party spokesman said on…
Tether says it has completely eliminated commercial paper from reserves
(Reuters) – Tether, the world’s largest stablecoin by market value, says it has has completely eliminated commercial paper from its reserves and has replaced those investments with U.S. Treasury bills. Tether eliminated…
Turkish central bank net reserves rose $3 billion last week -data/bankers
ANKARA (Reuters) – The Turkish Central Bank’s net reserves rose $3 billion last week and total reserves climbed $7 billion, calculations based on preliminary data from five bankers showed on Tuesday. The…
Hong Kong forex reserves at $419.2 billion at end-Sept – HKMA
Oct 7 (Reuters) – Hong Kong’s official foreign currency reserve assets stood at $419.2 billion at end-September, the Hong Kong Monetary Authority said on Friday, down 2.9 percent from $431.8 billion at…
Indonesia’s forex reserves drop to $130.8 billion at end-September
JAKARTA (Reuters) – Indonesia’s foreign exchange reserves fell by $1.4 bln last month to $130.8 bln due to payments of foreign debt and the central bank’s effort to stabilise the rupiah currency,…
China forex reserves fall to $3.029 trln in Sept
SHANGHAI (Reuters) -China’s foreign exchange reserves fell in September, official data showed on Friday, as the dollar climbed against other major currencies. The country’s foreign exchange reserves – the world’s largest –…
S.Korea Sept FX reserves post second-biggest monthly decline on record
SEOUL (Reuters) – South Korea’s foreign exchange reserves shrank by nearly $20 billion in September, the second-biggest monthly drop on record, as authorities stepped up dollar-selling intervention to counter the won’s slump…
Russian business lobby calls for c. bank to accelerate yuan reserves
MOSCOW (Reuters) – Russia’s top business lobby called on Friday for the central bank to build up its reserves of the Chinese yuan in a bid to stabilise the rouble, which is…
U.S. dollar share of global FX reserves rises in Q2; euro share slips -IMF data
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 second quarter, with the Federal Reserve in the midst…
Biden Admin To Continue Draining Oil From Strategic Reserves Through Election Day
Biden Admin To Continue Draining Oil From Strategic Reserves Through Election Day Jack McEvoy on September 19, 2022 The Biden administration announced Monday that it is auctioning 10 million barrels of oil…
Japan govt will spend $24 billion in budget reserves to cope with price hikes
TOKYO (Reuters) – Japan will spend 3.48 trillion yen ($24.31 billion) in budget reserves to cope with ongoing price hikes and respond to COVID-19, the Ministry of Finance said on Tuesday. The…
Moscow’s military reserves may be smaller than initially assumed – German defence minister
By Sabine Siebold and Sarah Marsh BERLIN (Reuters) – Russia has suffered significant troop and equipment losses in Ukraine and the impact of Kyiv’s latest counter-offensive may reveal Moscow’s military reserves to…
Argentina’s depleted FX reserves get timely soybean boost
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank is set to end the week with over $1 billion of foreign currency purchases, boosted by a government drive to stimulate soybean…
‘Playing With Fire’: Biden Admin Considers Draining Oil Reserves Past Election Day
‘Playing With Fire’: Biden Admin Considers Draining Oil Reserves Past Election Day Jack McEvoy on September 8, 2022 The Biden administration is considering releasing more crude oil from the U.S. Strategic Petroleum…
India’s overall forex reserves to shrink further this year – Deutsche Bank
MUMBAI (Reuters) – India’s overall foreign exchange reserves will deplete further this year due to a ballooning current account deficit and interventions by the central bank to support the rupee, Deutsche Bank…
Bhutan bans import of most vehicles as foreign exchange reserves plummet
By Gopal Sharma KATHMANDU (Reuters) – Bhutan will ban the import of all vehicles except utility vehicles, heavy earthmoving machines and agriculture machinery to save dwindling foreign exchange reserves, the government said…
U.S. big company oil reserves up 13% since 2017, deals drive recent growth -study
NEW YORK (Reuters) – U.S. oil reserves held by 50 large companies rose by 13% over the five years ended in December, according to an Ernst & Young report released on Wednesday,…
Venezuela’s gold reserves drop six tonnes in the first half of 2022
CARACAS – The Venezuelan central bank’s gold reserves dropped by six tonnes as of June 2022, according to the bank’s first-half balance sheet published in a local media outlet last week and…
Indonesia FX reserves drop to $132.2 billion in July, central bank remains buoyant
JAKARTA -Indonesia’s foreign exchange reserves fell the most in a month since the start of the pandemic, Bank Indonesia (BI) data showed on Friday, as the central bank pledged to intervene in…
‘Major Problems Down The Road’: Biden Drains Petroleum Reserves Of Crucial Type Of Crude
‘Major Problems Down The Road’: Biden Drains Petroleum Reserves Of Crucial Type Of Crude Jack McEvoy on August 2, 2022 President Joe Biden’s Department of Energy (DOE) is emptying the Strategic Petroleum…
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