News
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Intact underwriting income up 6% even as Q1 cat losses rise 2.5 points
By Chris MunroMay 8 - (The Insurer) - Intact Financial Corporation ended the first quarter of 2025 with underwriting income ticking up 6% to C$485 million ($348 million) as its combined ratio deteriorated 10 basis points to 91.3%.The combined ratio remained relatively flat even though catastrophe lo...Reuters
Thu, May 8
Citi may record devaluations on ruble-denominated assets
May 8 (Reuters) - Citigroup C.N said on Thursday it may record devaluation on its Russian ruble-denominated assets in earnings. Citigroup, which had previously announced it was ending all institutional banking services in Russia, had Russia-related exposures of $2.0 billion and total clients' ex...Reuters
Thu, May 8
FOREX-Dollar rises against safe-haven currencies buoyed by US-UK trade deal
Trump announces US-UK trade dealDollar hits four-week high against Japanese yenMarkets eyeing U.S.-China trade talksDollar index reaches highest since April 10By Chibuike Oguh NEW YORK, May 8 (Reuters) - The U.S. dollar gained against the safe-haven yen and Swiss franc on Thursday with market ner...Reuters
Thu, May 8
UBS in talks to sell hedge fund O'Connor to Cantor Fitzgerald, Bloomberg News reports
May 8 (Reuters) - Swiss lender UBS UBSG.S is in talks to sell its hedge fund unit, O'Connor, to U.S. brokerage Cantor Fitzgerald, Bloomberg News reported on Thursday, citing people familiar with the matter.Talks of the deal, which the report said could involve a revenue sharing agreement, come a...Reuters
Thu, May 8
CANADA FX DEBT-Canadian dollar hits three-week low on broad-based USD strength
Canadian dollar weakens 0.7% against the greenbackTouches its weakest since April 16 at 1.3933BoC says prolonged trade war could hurt banksBond yields rise across the curveBy Fergal Smith TORONTO, May 8 (Reuters) - The Canadian dollar fell to a three-week low against its U.S. counterpart on Thurs...Reuters
Thu, May 8
Bitcoin retakes $100,000 on global trade deal optimism
By Gertrude Chavez-Dreyfuss and Tommy Reggiori Wilkes NEW YORK/LONDON, May 8 (Reuters) - Bitcoin topped $100,000 on Thursday for the first time since early February, bolstered by a wide-ranging deal between the United States and the United Kingdom in a sign that perhaps U.S. President Donald Trum...Reuters
Thu, May 8
EUR/GBP Price Analysis: Euro weakens near 0.8500 as short-term signals turn negative
The EUR/GBP pair drifted lower on Thursday, trading near the 0.8500 zone after the European session and settling within the middle of the day’s range. The decline reflects growing bearish sentiment in the short term, with technical signals tilting to the downside.
Fxstreet
Thu, May 8
Pound, UK stocks take some heart from US/UK trade deal
UK big cap stocks slip after US-UK trade dealUS, UK agree on trade terms for autos, metals, pharma among others10% tariff on UK exports to the US remainsSterling lifted earlier by surprise BoE vote on rates By Amanda Cooper and Samuel Indyk LONDON, May 8 (Reuters) - The pound edged up on Thursday...Reuters
Thu, May 8
FOREX-Dollar buoyed by US-UK trade deal
Trump announces US-UK trade dealBoE cuts interest ratesMarkets eyeing U.S.-China trade talksDollar clings to gains from Fed rate decisionBy Chibuike Oguh NEW YORK, May 8 (Reuters) - The U.S. dollar gained against the safe-haven yen and Swiss franc on Thursday with market nerves calmed by news of ...Reuters
Thu, May 8
EXCLUSIVE-Ukraine considers shift from dollar to euro amid geopolitical realignments
Hryvnia, launched in 1996, has used dollar as reference currency EU membership talks shaping Ukraine's currency considerationsUkraine expects $55 billion in external financing for 2025By Karin Strohecker and Olena Harmash LONDON, May 7 (Reuters) - Ukraine is starting to consider a shift away ...Reuters
Thu, May 8
FOREX-Dollar, sterling buoyed by US-UK trade deal
Trump announces US-UK trade dealBoE cuts interest ratesMarkets eyeing U.S.-China trade talksDollar clings to gains from Fed rate decisionBy Chibuike Oguh NEW YORK, May 8 (Reuters) - The U.S. dollar gained against the safe-haven yen and Swiss franc on Thursday with market nerves calmed by news of ...Reuters
Thu, May 8
Global central banks diverge as tariff risks hamper US Fed
BoE cuts rates; Norway and Sweden hold rates steady US Fed caught between high inflation and weakening growthTrade uncertainty creates challenging central bank outlookBy Naomi Rovnick LONDON, May 8 (Reuters) - Big central banks are diverging as White House tariffs threaten to raise U.S. inflation...Reuters
Thu, May 8
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Thursday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.4% lower at C$1.3888 to the greenback, or 72 U.S. cents, after trading in a range of 1.3814 to 1.3898.Canadian government 10-year bond yields CA10YT=RR ro...Reuters
Thu, May 8
