News
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Some global property catastrophe reinsurance rates to fall 5% to 15% on Jan 1, broker says
Global property catastrophe reinsurance rates will fall 5% to 15% on Jan. 1 for books of businesses which have not suffered losses, reinsurance broker Guy Carpenter said on Monday, as the market becomes more competitive after years of rate rises.Reuters
Mon, Dec 30
Japan's 10-year bond yield slips from over 13-year high
TOKYO, Dec 30 (Reuters) - Japan's 10-year government bond (JGB) yield inched down on Monday after hitting a more than 13-year high in the previous session. The 10-year bond yield was last at 1.09%, down one basis point (bp), after rising to as high as 1.105% earlier in the session. The yield hit 1.1
Reuters
Mon, Dec 30
UPDATE 4-South Korea orders air safety probe after worst crash in country kills 179
Acting president orders emergency safety inspection for South Korea's entire airline operationsPilots reported bird strike before fatal airport approachJeju Air crash kills 179, two survivors pulled from wreckageInvestigation considers bird strikes, weather; NTSB, Boeing involvedAdds analyst commentReuters
Mon, Dec 30
FOREX-Dollar reigns with support of higher yields
Updates prices at London open SINGAPORE, Dec 30 (Reuters) - The Japanese yen traded around five-month lows on Monday against a dollar underpinned by rising U.S. yields as thin year-end liquidity kept most currencies in tight ranges.The yen was changing hands at 157.82 JPY= with only the risk of JReuters
Mon, Dec 30
India's BPCL buys Middle East grades to replace Russian shortfall
BPCL turns to Middle East due to Russian supply shortfallBPCL diversifies oil sources, including first-time Argentinian crude purchaseBPCL plans $19.94 billion investment by 2028/29, half through debtBy Nidhi Verma and Manoj Kumar NEW DELHI, Dec 30 (Reuters) - State-run Indian refiner Bharat Petr
Reuters
Mon, Dec 30
Japanese Yen receives support from odds of BoJ raising rates following Tokyo CPI
The USD/JPY pair remains subdued as the Japanese Yen (JPY) strengthens on the likelihood of the Bank of Japan (BoJ) raising interest rates in January following the release of Tokyo Consumer Price Index (CPI) inflation data last week.Fxstreet
Mon, Dec 30
El Salvador Bitcoin Buying Spree Continues, BTC Holdings Now At 6,000
Since making Bitcoin a legal tender in 2021, the El Salvador government, led by President Nayib Bukele, has pursued a consistent strategy of accumulating Bitcoin. This Bitcoin accumulation strategy, which has largely paid off, has continued up until now.
Silver Price Forecast: XAG/USD bounces back to near $29.50 due to increased risk aversion
Silver price (XAG/USD) recovers its recent losses from the previous session, trading around $29.50 per troy ounce during the Asian hours on Monday. However, trading volume is lighter than usual ahead of the New Year holiday.Fxstreet
Mon, Dec 30
Bitcoin Price on the Brink: Could a Deeper Drop Be Ahead?
Bitcoin price failed to surpass $95,500 and declined again. BTC is back below $94,500 and might revisit the $91,200 support zone. Bitcoin started a fresh decline from the $96,500 zone. The price is trading below $95,500 and the 100 hourly Simple moving average. There is a connecting bearish trend liNewsBTC
Mon, Dec 30
Oil inches lower in thin trade, investors eye China, US data
By Florence Tan SINGAPORE, Dec 30 (Reuters) - Oil prices slipped lower on Monday in thin holiday trade ahead of the year-end as traders awaited more economic data from China and the U.S. later this week to assess growth in the world's two largest oil consumers.Brent crude futures LCOc1 fell 6 cenReuters
Mon, Dec 30
METALS-Metals trade mixed, firmer dollar weighs on market
By Violet Li and Mei Mei Chu SHANGHAI, Dec 30 (Reuters) - Base metals traded mixed on Monday, with a stronger U.S. dollar making its more expensive for other currency holders to buy greenback-priced commodities.Rising U.S. Treasury yields have been a boost for the dollar, with the key 10-year notReuters
Mon, Dec 30
