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Dollar doldrums to drive yen and euro gains as Fed hawks doubted

Dollar doldrums to drive yen and euro gains as Fed hawks doubted

The euro and yen are set to keep on surprising this year on prospects the Federal Reserve will slow monetary tightening while central banks in Europe and Japan move towards reducing stimulus, Asia-based foreign-exchange strategists say.

Ford’s China move casts new cloud on Mexican car making

Ford’s China move casts new cloud on Mexican car making

A second U-turn this year by Ford Motor Co in Mexico has raised the spectre of Chinese competition for local car making, adding to pressure on the industry after repeated threats by US President Donald Trump to saddle it with punitive tariffs.

Traders test Opec ‘whatever it takes’ resolve to defend price

Traders test Opec ‘whatever it takes’ resolve to defend price

When Opec member Saudi Arabia pledged in May to do “whatever it takes” to defend world oil prices, it didn’t expect the market to be testing its resolve just one month later.

Iran oil output beats 3.8mn bpd, eyes 4mn: Minister

Iran oil output beats 3.8mn bpd, eyes 4mn: Minister

A general view of an oil facility in the Khark Island. Iran’s crude oil production has surpassed 3.8mn bpd, Oil Minister Bijan Zanganeh was quoted as saying yesterday, adding that Tehran expects output to reach 4mn bpd by March 2018. “Oil production has exceeded 3.8mn barrels.

Is that grain really organic? US rules get tightened amid fraud

Is that grain really organic? US rules get tightened amid fraud

Certifiers combat threat with new restrictions on shipments; organic corn, soybean imports have surged in recent years

Organic food

Organic food

Premium prices and uncertain benefits

Glencore comes back with a bigger offer for Rio coal mines

Glencore comes back with a bigger offer for Rio coal mines

Glencore sweetened its offer for Rio Tinto Group’s Australian coal mines, trumping a rival Chinese bid, in the latest sign that it won’t take no for an answer.

Credit card company looks to fix holes in Japan consumption data

Credit card company looks to fix holes in Japan consumption data

Private consumption is 56% of Japan’s GDP, so understanding where people are spending and what they’re buying is essential to have a clear picture of what’s going on in the world’s third-biggest economy. That’s true not just for the government, but also for businesses and people.

Ireland raises $3.4bn from ‘milestone’  Allied Irish Banks sale

Ireland raises $3.4bn from ‘milestone’ Allied Irish Banks sale

Ireland raised €3bn ($3.4bn) by selling a quarter of Allied Irish Banks (AIB) on Friday in a remarkable turnaround for a company at the forefront of reckless lending during the “Celtic Tiger” boom.

Italy to shield senior creditors in liquidating Veneto banks

Italy to shield senior creditors in liquidating Veneto banks

Italy will take the next step to wind down two failed banks in the northern Veneto region when the government meets to adopt a plan that may smooth the sale of the stricken lenders’ assets to another firm.

Gazprom smells opportunity as UK’s top gas store shuts

Gazprom smells opportunity as UK’s top gas store shuts

Gazprom PJSC is in talks to ramp up natural gas sales in the UK as coal plants are shuttered and the nation’s biggest storage site is closed for good.

Freed of currency peg, Kazakhstan disavows stealth rouble tie

Freed of currency peg, Kazakhstan disavows stealth rouble tie

Almost two years after Kazakhstan relinquished control of the exchange rate, its central bank governor says the tenge’s movement closer to lockstep with the rouble reflects the ties between the neighbours, not a new peg enforced from above.

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