Business

Dollar slips from two-week high, focus on BOJ and Fed meetings

Dollar slips from two-week high, focus on BOJ and Fed meetings

Published 19/09/2016

United States one dollar bills are seen on a light table at the Bureau of Engraving and Printing in Washington November 14, 2014. REUTERS/Gary Cameron/File Photo

The dollar edged lower on Monday, paring some of the gains made in the wake of strong U.S. inflation data that bolstered bets the Federal Reserve will raise interest rates this year.

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Australia forces sale of 16 foreign-owned properties since May

Australia forces sale of 16 foreign-owned properties since May

Published 19/09/2016

Australian Treasurer Scott Morrison speaks to journalists at a press conference before delivering the 2016 Federal Government's budget at Parliament House in Canberra, Australia, May 3, 2016. AAP/Mick Tsikas/via REUTERS

Australia has forced the sale of 16 properties bought without government permission by foreigners, Treasurer Scott Morrison said on Monday, after ramping up enforcement of overseas investment rules that have until recently been rarely applied.

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UK to lose passporting rights unless in EEA: ECB`s Weidmann

UK to lose passporting rights unless in EEA: ECB`s Weidmann

Published 19/09/2016

President of the Deutsche Bundesbank Jens Weidmann speaks during a meeting in Rome, Italy April 26, 2016. REUTERS/Tony Gentile/File Photo

Financial institutions based in Britain will lose so-called passporting rights allowing them to operate across the European Union unless post-Brexit Britain is at least part of the European Economic Area, ECB policymaker Jens Weidmann has said.

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Asia stocks rally on steady Fed bet, oil bounces

Asia stocks rally on steady Fed bet, oil bounces

Published 19/09/2016

A man walks past at an electronic board showing the Japanese yen's exchange rate against British pound (R) and Euro outside a brokerage in Tokyo, Japan, July 6, 2016. REUTERS/Issei Kato

Asian shares advanced on Monday as markets wagered the U.S. Federal Reserve would skip a chance to raise rates this week, while oil bounced on talk of an OPEC deal on output and reports of fighting around Libyan oil ports.

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China big city home prices surge in August, extra controls seen needed

China big city home prices surge in August, extra controls seen needed

Published 19/09/2016

A labourer selects wooden planks as he works at a residential construction site in Hefei, Anhui province, China February 18, 2012. REUTERS/Stringer/File Photo

China's boomtown of Shenzhen unexpectedly lost its top-performer spot in August's home price race, but alongside other big cities still drove rapid property price growth.

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Banks in China`s Henan pledge more support for local economy

Published 19/09/2016

Banks in the central Chinese province of Henan have pledged to extend more than 450 billion yuan ($67.47 billion) in new loans to "key sectors" this year to aid their restructuring efforts, the local regulator said in a notice published on Sunday.

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s2.reutersmedia.net/resources/r/?m=02&d=20160913&t=2&i=1153374553&w=&fh=545px&fw=&ll=&pl=&sq=&r=LYNXNPEC8C0TGs2.reutersmedia.net/resources/r/?m=02&d=20160913&t=2&i=1153374553&w=&fh=545px&fw=&ll=&pl=&sq=&r=LYNXNPEC8C0TGTime Inc names Rich Battista as CEO

s2.reutersmedia.net/resources/r/?m=02&d=20160913&t=2&i=1153374553&w=&fh=545px&fw=&ll=&pl=&sq=&r=LYNXNPEC8C0TGs2.reutersmedia.net/resources/r/?m=02&d=20160913&t=2&i=1153374553&w=&fh=545px&fw=&ll=&pl=&sq=&r=LYNXNPEC8C0TGTime Inc names Rich Battista as CEO

Published 13/09/2016

Time Inc. CEO Joe Ripp (2nd L) claps after ringing the bell to open trading at the New York Stock Exchange in New York June 9, 2014. REUTERS/Carlo Allegri

Time Inc, publisher of Sports Illustrated, People and Time magazines, appointed Rich Battista as its chief executive, succeeding Joe Ripp.

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Chinese policymakers square off as economic challenges grow

Chinese policymakers square off as economic challenges grow

Published 12/09/2016

A staff member is seen at Alibaba Group's new data centre in Zhangbei, Hebei province, China September 11, 2016. China Daily/via REUTERS

Strong comments from China's top state planner that the economy needed more support was most likely aimed at persuading the central bank to take bolder policy action.

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China to crack down on illegal trading of bank card information

Published 12/09/2016

China's central bank said on Monday it will crack down on illegal trading of bank card information.

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Bank of England deputy governor Shafik to step down in Feb 2017

Bank of England deputy governor Shafik to step down in Feb 2017

Published 12/09/2016

Bank of England Deputy Governor Minouche Shafik speaks during the bank's quarterly inflation report news conference at the Bank of England in London August 13, 2014. REUTERS/Suzanne Plunkett

Bank of England deputy governor Minouche Shafik will step down at the end of February 2017 to take on a new role as director of the London School of Economics, the central bank said on Monday.

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