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Factbox: FX swaps step from market obscurity to global stage

Foreign exchange swap volumes have risen in the past three years to account for nearly half of the entire FX market, Bank for International Settlements (BIS) data shows......»»

Category: topSource: REUTERS35 min. ago Related News

Factbox: Dollar domination - why global markets depend on the U.S. currency

From the dominant reserve currency for central banks to the main conduit for global trade and borrowing, U.S. dollars are the lifeblood for banks and markets around the world......»»

Category: topSource: REUTERS35 min. ago Related News

In swaps we trust? Disappearing dollars drive currency trading dependence

As dollars dry up, global finance is growing increasingly dependent on opaque currency trading to keep cash flowing......»»

Category: topSource: REUTERS35 min. ago Related News

China says holding "in-depth" talks with U.S. on interim trade deal

China and the United States are holding "in-depth" discussions on a first phase trade agreement, and cancelling tariffs is an important condition to reaching a deal, the Chinese commerce ministry said on Thursday......»»

Category: topSource: REUTERS35 min. ago Related News

Boeing drops automation system used to build 777 jets

Boeing Co has abandoned a key automation system used to make fuselage sections for its 777 jetliners amid reports of reliability issues, and will instead partially switch back to mechanics, the planemaker said on Thursday......»»

Category: topSource: REUTERS35 min. ago Related News

Stocks dip as China slowdown deepens, German economy weak

World stocks nudged down on Thursday as Chinese economic data slowed in October and Germany only narrowly avoided a recession in the third quarter, adding to worries about the global growth fallout from the U.S.-China trade war......»»

Category: topSource: REUTERS35 min. ago Related News

Daimler seeks 1 billion euros in savings at Mercedes-Benz by cutting jobs

Tougher emissions rules will hit Daimler's profits in 2020 and 2021, prompting the German carmaker to seek more than 1 billion euros ($1.1 billion) in savings from cutting staff costs at its Mercedes-Benz business by the end of 2022, it said on Thursday......»»

Category: topSource: REUTERS35 min. ago Related News

Oil gains on U.S. crude stocks fall, OPEC comments on slower U.S. shale growth

Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from an OPEC official about lower-than-expected U.S. shale production growth in 2020 also provided some support......»»

Category: topSource: REUTERS35 min. ago Related News

Alibaba to pioneer paperless listing in break with Hong Kong norm

Alibaba's planned $13.4 billion share sale will be Hong Kong's first paperless stock market listing, a source with knowledge of the matter said, breaking with a long-held tradition of investors placing stock orders in bank branches......»»

Category: topSource: REUTERS35 min. ago Related News

SoftBank"s Yahoo Japan in merger talks with Line, shares jump

SoftBank's Yahoo Japan is in talks to merge with messaging app operator Line Corp to create a $27 billion tech giant and help the Japanese conglomerate expand e-commerce and payments services......»»

Category: topSource: REUTERS35 min. ago Related News

Singapore fines UBS $8 million over deceptive bond trades

Singapore said on Thursday it had levied an S$11.2 million ($8 million) fine on Swiss bank UBS after investigations showed its advisors deceived clients over prices for bonds and structured products......»»

Category: topSource: REUTERS35 min. ago Related News

Calm, considered, Henry to steer BHP through choppy times

Calm and considered, incoming BHP Group Ltd chief executive Mike Henry is seen as a safe pair of hands to steer the world's largest mining company through what he says are uncertain times......»»

Category: topSource: REUTERS3 hr. 19 min. ago Related News

China holding in-depth talks with U.S. on phase one of trade deal

China and the United States are holding in-depth discussions on the first phase of a trade pact, and cancelling tariffs is an important condition to reach a deal, the Asian giant's commerce ministry said on Thursday......»»

Category: topSource: REUTERS3 hr. 19 min. ago Related News

German automation talent powers Musk"s battery move to Europe

To unclog bottlenecks last year at his Tesla Inc plant in California, Elon Musk flew in six planeloads of new robots and equipment from Germany to speed up battery production for its Model 3......»»

Category: topSource: REUTERS4 hr. 19 min. ago Related News

Icahn takes stake in HP, pushes for merger with Xerox: WSJ

Activist.....»»

Category: topSource: REUTERS4 hr. 19 min. ago Related News

One of China"s richest men named in Hikvision securities probe

China's securities regulator is investigating one of the country's richest men for alleged violation of disclosure rules as a director of U.S.-blacklisted surveillance camera giant Hikvision , the company said......»»

Category: topSource: REUTERS6 hr. 4 min. ago Related News

Asian stocks retreat as China"s growth slowdown deepens

Asian stocks fell on Thursday after soft Chinese economic data showed the trade war between Beijing and Washington hitting growth in the world's second-largest economy......»»

Category: topSource: REUTERS6 hr. 49 min. ago Related News

Southwest pilots union says Boeing may be trying to hasten 737 MAX return

The head of the Southwest Airlines Co pilot union Wednesday sharply criticized Boeing Co and questioned whether the manufacturer was trying to speed up the timeline for the 737 MAX's return to service......»»

Category: topSource: REUTERS6 hr. 49 min. ago Related News

Icahn pushes for Xerox-HP merger: WSJ

Activist investor Carl Icahn is pushing for the proposed merger of Xerox Corp and HP Inc , arguing that a union of the printer makers could make big profits for investors, the Wall Street Journal reported on Wednesday......»»

Category: topSource: REUTERS6 hr. 49 min. ago Related News

Factbox: New BHP CEO Henry to drive efficiencies, focus on social license

Global miner BHP Group Ltd on Thursday appointed 16-year company veteran Mike Henry as its new chief executive from Jan. 1 next year, replacing Andrew Mackenzie......»»

Category: topSource: REUTERS6 hr. 49 min. ago Related News