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Indian rupee likely to be rangebound, bond traders eye US peers

WEEKAHEAD-Indian rupee likely to be rangebound, bond traders eye US peers By Jaspreet Kalra and Bhakti Tambe MUMBAI, Aug 19 (Reuters) - The Indian rupee is expected to remain rangebound this week as traders watch out for remarks from Federal Reserve policymakers that may offer clues on interest rate cuts this year, while domestic bond yields will track moves in U.S.

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Indian rupee likely to be rangebound, bond traders eye US peers

WEEKAHEAD-Indian rupee likely to be rangebound, bond traders eye US peers By Jaspreet Kalra and Bhakti Tambe MUMBAI, Aug 19 (Reuters) - The Indian rupee is expected to remain rangebound this week as traders watch out for remarks from Federal Reserve policymakers that may offer clues on interest rate cuts this year, while domestic bond yields will track moves in U.S.

Dollar in holding pattern ahead of FOMC minutes, Powell comments

FOREX-Dollar in holding pattern ahead of FOMC minutes, Powell comments By Rae Wee SINGAPORE, Aug 19 (Reuters) - The U.S. dollar was struggling to make headway against its peers on Monday, though it traded in a tight range as investors awaited fresh catalysts this week that could offer clues on the outlook for U.S. interest rates. Minutes of the Federal Reserve's July policy meeting and a speech from Chair Jerome Powell at Jackson Hole are likely to be the main drivers of currency movement this w
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Gold holds near record high on US rate cut optimism

PRECIOUS-Gold holds near record high on US rate cut optimism Aug 19 (Reuters) - Gold prices held steady on Monday near a record high scaled in the previous session, as rising expectations of a U.S. interest rate cut next month lifted bullion's appeal. FUNDAMENTALS * Spot gold XAU= edged 0.2% lower to $2,501.19 per ounce by 0042 GMT. Prices had surged to an all-time high of $2,509.65 on Friday.
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Funds go long yen for first time in four year: McGeever

COLUMN-Funds go long yen for first time in four year: McGeever The opinions expressed here are those of the author, a columnist for Reuters By Jamie McGeever ORLANDO, Florida, Aug 18 (Reuters) - By one measure, the speculative Japanese yen-funded carry trade has been completely unwound. The latest Commodity Futures Trading Commission data show that hedge funds and speculators have flipped their long-standing short yen position and are now net long of the currency for the first time since March,
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Teamsters Says Bargaining Committee Was Served 72 Hours Notice That Canadian National Railway Co. Will Be Locking Out All Running Trades TCRC Members

BRIEF-Teamsters Says Bargaining Committee Was Served 72 Hours Notice That Canadian National Railway Co. Will Be Locking Out All Running Trades TCRC Members Aug 18 (Reuters) - TEAMSTERS - BARGAINING COMMITTEE WAS SERVED 72 HOURS NOTICE THAT CN WILL BE LOCKING OUT ALL RUNNING TRADES TCRC MEMBERS Source text : https://tinyurl.com/2xnqjnho

Ample supply pushes wheat lower despite poor French harvest

GRAINS-Ample supply pushes wheat lower despite poor French harvest CANBERRA, Aug 19 (Reuters) - Chicago wheat futures fell on Monday, with Black Sea harvest maintaining expectations of plentiful global supply despite heavy rains that have cut production in France and Germany. Soybean and corn futures rose after ample supply and selling by U.S. farmers drove prices to their lowest levels since 2020 last week.

Thai c.bank to hold rates until Q2 2025, political turmoil risks early cut

POLL-Thai c.bank to hold rates until Q2 2025, political turmoil risks early cut reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=THCBIR%3DECI poll data By Pranoy Krishna BENGALURU, Aug 19 (Reuters) - The Bank of Thailand (BOT) will keep interest rates unchanged on Wednesday and through Q1 2025 to balance growth with inflation control while assessing the impact of ongoing political instability on the economy, a Reuters poll found.

Australia's Audinate tops ASX 200 on strong annual profit

BUZZ-Australia's Audinate tops ASX 200 on strong annual profit ** Shares of audio-visual hardware developer Audinate Group AD8.AX rise as much as 11.6% to A$10.55, their highest level since Aug. 5 ** AD8 best performer in the ASX200 benchmark index .AXJO , posts best intraday gain since Aug. 8 ** Co logs FY24 profit attributable of A$10.2 mln ($6.8
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Oil prices ease on China demand fears, focus on Mideast talks

Oil prices ease on China demand fears, focus on Mideast talks By Yuka Obayashi TOKYO, Aug 19 (Reuters) - Oil prices eased in early Asian trading on Monday as fears of weaker demand in top oil importer China weighed on market sentiment while investors focus on the progress of ceasefire talks in the Middle East, which could reduce supply risks. Brent crude futures LCOc1 dropped 13 cents, or 0.2%, to $79.55 per barrel by 0032 GMT.
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British Business - Aug. 19

PRESS DIGEST-British Business - Aug. 19 Aug 19 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Barclays BARC.L is facing scrutiny over the 2.9 million pounds ($3.75 million) fixed pay it gives to its boss after becoming the first British bank to overhaul bonuses following the UK’s decision to abandon a cap on payouts.
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CN Rail issues lockout notice to union, Canada-wide freight rail stoppage looms

UPDATE 1-CN Rail issues lockout notice to union, Canada-wide freight rail stoppage looms Adds details of union strike notice, background after paragraph 2, byline By Promit Mukherjee OTTAWA, Aug 18 (Reuters) - Canadian National Railway CNR.TO , one of Canada's two main rail companies, formally notified the Teamsters union in Canada on Sunday that it would start locking out u nion workers early on Thursday.

Asia shares, gold underpinned by rate cut hopes

GLOBAL MARKETS-Asia shares, gold underpinned by rate cut hopes Asian stock markets: https://tmsnrt.rs/2zpUAr4 Nikkei dips after big rally, Wall St futures up Eyes on Fed minutes, Powell speech to support rate cuts Gold above $2,500 on softer dollar, lower yields By Wayne Cole SYDNEY, Aug 19 (Reuters) - Asian stocks were taking a breather on Monday after global equities enjoyed their best week in nine months on expectations the U.S.
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NZ's a2 Milk hits near 4-month low on weak forecast, China market woes

BUZZ-NZ's a2 Milk hits near 4-month low on weak forecast, China market woes ** Shares of a2 Milk ATM.NZ fall as much as 21.4% to NZ$6.080, their lowest level since April 22 ** Infant formula maker flags challenging conditions in infant milk formula (IMF) market in China that could lead to a decline in market value ** Co forecasts weaker-than-expected annual revenue growth of mid single-digit increase in fiscal 2025 ** Co posts net profit attributable NZ$167.6 mln ($101.45 mln) for FY24 higher th

Australia's BlueScope Steel falls after bleak earnings outlook

BUZZ-Australia's BlueScope Steel falls after bleak earnings outlook ** Shares of BlueScope Steel Ltd BSL.AX fall as much as 6.8% to A$19.120, their lowest level since early November 2023 ** BSL among the top three losers in the ASX 200 benchmark index .AXJO ** BSL marks its worst intraday drop since Feb. 20, 2023 ** FY24 underlying profit A$861 mln
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Week Ahead-Powell & Jackson Hole speakers take centre-stage

RPT-BUZZ-Week Ahead-Powell & Jackson Hole speakers take centre-stage Repeats with no changes Aug 19 (Reuters) - Speeches by global central bank officials at the Federal Reserve's Jackson Hole Economic Policy Symposium, flash PMIs for major economies and the monthly fixing of China's loan prime rate will determine trends in financial markets this week.
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BlueScope Steel flags weaker start to fiscal 2025 on bleak prices; shares fall 5%

UPDATE 1-BlueScope Steel flags weaker start to fiscal 2025 on bleak prices; shares fall 5% Rewrites throughout; adds share moves in paragraphs 1,9 Aug 19 (Reuters) - Australian steel maker BlueScope Steel Ltd BSL.AX warned of an earnings slump in fiscal 2025 on Monday, after reporting its lowest underlying profit in four years hurt by weak steel prices and soft construction activity, sending its shares down 5%.

Japan's Nikkei snaps five straight sessions of gains

Japan's Nikkei snaps five straight sessions of gains TOKYO, Aug 19 (Reuters) - Japan's Nikkei share average fell on Monday, as investors tried to book profits after the index's five sessions of gains. As of 0009 GMT, the Nikkei index .N225 was down 0.6% at 37,828.03. The broader Topix .TOP was down 0.6% at 2,662.65. The Nikkei rose 8.7% last week, marking its biggest weekly rise since April 2020, amid easing concerns about U.S.
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China says Philippine vessel 'deliberately collided' with Chinese vessel in the South China Sea

UPDATE 1-China says Philippine vessel 'deliberately collided' with Chinese vessel in the South China Sea Recasts, adds details and background BEIJING, Aug 19 (Reuters) - China's Coast Guard said a Philippine vessel that had ignored its repeated warnings "deliberately collided" with a Chinese vessel in an "unprofessional and dangerous" manner, according to statements on Monday.

Japan June machinery orders rise 2.1% m/m, more than expected

UPDATE 1-Japan June machinery orders rise 2.1% m/m, more than expected Adds details of data throughout TOKYO, Aug 19 (Reuters) - Japan's core machinery orders rose m ore than expected in June compared to month ago, government data showed on Monday, even though they unexpectedly fell on a year-on-year basis. Core orders, a highly volatile data series regarded as a leading indicator of capital spending in the six to nine months ahead, rose in June by 2 .1% from the previous month, Cabinet Office d

Japan June machinery orders rise 2.1% m/m, more than expected

UPDATE 1-Japan June machinery orders rise 2.1% m/m, more than expected Adds details of data throughout TOKYO, Aug 19 (Reuters) - Japan's core machinery orders rose m ore than expected in June compared to month ago, government data showed on Monday, even though they unexpectedly fell on a year-on-year basis. Core orders, a highly volatile data series regarded as a leading indicator of capital spending in the six to nine months ahead, rose in June by 2 .1% from the previous month, Cabinet Office d



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