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| Turkey's booming inflation and sinking currency boost gold demand Turkey's demand for gold jumped by 34 per cent in the first quarter from a year earlier as consumers flocked to the precious metal to protect themselves against double-digit inflation and a slumping currency. A total of $965m worth of gold was bought in the first three months of the year driven by the ...
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| Positions on Asian Currencies Pull Back on Resurgent Dollar: Reuters Poll The Asian currency positioning poll is focused on what analysts and fund managers believe are the current market positions in nine Asian emerging market currencies: the Chinese yuan, South Korean won, Singapore dollar, Indonesian rupiah, Taiwan dollar, Indian rupee, Philippine peso, Malaysian ...
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| Japanese and Chinese central banks to start full talks on new currency swap pact The Bank of Japan and the People's Bank of China will start full-fledged talks to conclude a new currency swap agreement, sources say. The Japanese and Chinese central banks are expected to look mainly at a ¥3 trillion plan to swap yen for yuan and vice versa, the sources said on Wednesday.
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| Currency headwinds sap Bayer in Q1 Sales fell at all the group's divisions—prescription drugs, over-the-counter medicines, crop science and animal health—although Bayer said that adjusting for currency effects sales of pharmaceuticals and veterinary products had in fact increased. Meanwhile operating profits were burdened by one-off ...
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| Positions on Asian currencies pull back on resurgent dollar By Ambar Warrick. May 3 (Reuters) - Investors trimmed their positions on most emerging Asian currencies in the last two weeks, a Reuters poll showed, following recent strength in the dollar on signs of resilience in the U.S. economy and a rise in Treasury yields. U.S. debt yields surged over the past two ...
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| Solvay Q1 results hit by currency impact, fixed costs BRUSSELS, May 3 (Reuters) - Belgian chemicals group Solvay on Thursday posted a first-quarter core profit below expectations, as higher volumes were offset by the impact of a weaker U.S. dollar and slightly higher fixed costs. Core profit (EBITDA) fell 2.6 percent in the first quarter to 533 million euros ...
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