News
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Forex
USD/CHF tumbles below 0.8450 amid risk-off mood, eyes on FOMC Minutes
The USD/CHF pair extends its downside to near 0.8435 during the early European session. The Swiss Franc (CHF) edges higher against the US Dollar (USD) as traders seek refuge from the intensifying market turmoil caused by US President Donald Trump’s sweeping tariffs and fears of a global recession.
Fxstreet
Wed, Apr 9
Economic Indicator
China to convene a high-level meeting in response to US tariffs
Citing people with knowledge of the matter, Reuters reported on Wednesday that senior officials from China’s State Council, several government and regulatory bodies plan to hold a meeting as early as Wednesday in response to US President Donald Trump’s 104% tariffs on Chinese goods.
Fxstreet
Wed, Apr 9
Other
Dutch Rabobank to face court case over failure to stop money laundering
AMSTERDAM, April 9 (Reuters) - Dutch lender Rabobank RABOVR.UL said on Wednesday it had failed to reach a settlement with prosecutors in their investigation into the bank's alleged failure to prevent money laundering.Prosecutors in a separate statement said they would now take the case to court....Reuters
Wed, Apr 9
Commodities
BMS: London underwriters pushing for further P&I and marine liability rate rises
By Mia MacGregor, Chris MunroApril 9 - (The Insurer) - London-based underwriters continue to push for improved pricing in blue and brown water protection and indemnity (P&I) and both primary and excess marine liability, while hull and ports and terminals (P&T) rates are trending down, accord...Reuters
Wed, Apr 9
Other
Frontier dollar bonds resume sharp selloff, Pakistan drops more than 5 cents
LONDON, April 9 (Reuters) - International bonds issued by smaller, riskier emerging economies suffered another sharp selloff on Wednesday, after President Donald Trump's eye-watering 104% tariffs on China took effect, re-igniting turmoil throughout global markets. Pakistan longer-dated bonds tum...Reuters
Wed, Apr 9
Other
German coalition deal expected around midday, sources say
BERLIN April 9 (Reuters) - Germany's conservatives and the centre-left Social Democrats are on track to come to an agreement to form a coalition government around midday on Wednesday, people familiar with the negotiations told Reuters.Conservative election winner Friedrich Merz and his team will...Reuters
Wed, Apr 9
Commodities
Caspian pipeline operating two of three oil loading moorings after suspension lifted
MOSCOW, April 9 (Reuters) - The Caspian Pipeline Consortium (CPC) has resumed operations at two of the three moorings at its Black Sea export terminal after a Russian court lifted a suspension, it said on Wednesday.It added that it will give further information later about a resumption of operations...Reuters
Wed, Apr 9
Other
QUOTES-Reactions to bond market selloff
SINGAPORE, April 9 (Reuters) - U.S. Treasuries extended heavy losses on Wednesday in a sign investors are dumping even their safest assets as a global market rout unleashed by U.S. tariffs took another twist.Warning signals had been flashing for a few days as spreads between Treasury yields and swap...Reuters
Wed, Apr 9
Other
Japan's Seven & i says Q4 profit fell 15%
TOKYO, April 9 (Reuters) - Japan's Seven & i Holdings 3382.T said on Wednesday fourth-quarter profit fell 15%, a result that is likely to hamper its ability to fend off a takeover attempt by Canada's Alimentation Couche-Tard ATD.TO.The operator of 7-Eleven convenience stores booked opera...Reuters
Wed, Apr 9
Other
China's President Xi stresses importance of neighbouring countries in key speech, Xinhua reports
HONG KONG, April 9 (Reuters) - China's President Xi Jinping made a key speech at a government meeting in Beijing held from April 8-9 where he stressed the importance of neighbouring countries and the need to deepen "all-round cooperation", the official Xinhua news agency reported on Wedn...Reuters
Wed, Apr 9
Economic Indicator
BoJ’s Ueda: Will continue to raise rates if economy keeps improving in line with outlook
Ahead of his meeting with the Japanese Financial Services Agency (FSA) and Ministry of Finance (MoF) on Wednesday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the central bank “will continue to raise rates if the economy keeps improving in line with the outlook.”
Fxstreet
Wed, Apr 9
Cryptocurrencies
Binance Tax Evasion Trial Postponed as Nigerian Court Reviews Service Procedures
A Nigerian court has delayed proceedings in the tax evasion case involving Binance and two of its executives until April 30, allowing more time for the country’s tax authority to respond to a legal challenge raised by the cryptocurrency exchange. The Nigeria Federal Inland Revenue Service (FIRS) had...Bitcoinist
Wed, Apr 9
Other
Flowtech Fluidpower Reports FY Revenue of £107.3 Mln
April 9 (Reuters) - Flowtech Fluidpower PLC FLOL.L:FLOWTECH FLUIDPOWER:TRADING HEADWINDS CONTINUED TO PERSIST INTO Q1'25 WITH EXPECTED MARKET UNCERTAINTY TO CONTINUE GIVEN CURRENT GLOBAL TRADE WARSFLOWTECH FLUIDPOWER PLC: Ø Q1'25 TRADING HAS NEVERTHELESS BEEN IN LINE WITH OUR EXPECTATIONSFLO...Reuters
Wed, Apr 9
Forex
Yuan dips to new lows as US tariffs on China kick in
SINGAPORE/HONG KONG, April 9 (Reuters) - China's yuan dipped to a fresh 19-month low against the U.S. dollar on Wednesday after its offshore counterpart fell to a record low overnight, as investors fretted about an intensifying Sino-U.S. trade war.
Reuters
Wed, Apr 9
Other
RSUM launches Champness-led corporate property specialist L3
By Chris MunroApril 9 - (The Insurer) - Ryan Specialty Underwriting Managers has added another MGU to its roster with the launch of L3 Underwriting Managers, which focuses on worldwide corporate property (re)insurance business.The startup MGU is led by London-based Nicholas Champness as CEO, who joi...Reuters
Wed, Apr 9
Other
EXCLUSIVE-China to hold high-level meeting in response to US tariffs, say sources
Top leaders to hold meeting as soon as WednesdayHigh-level meeting to discuss measures to boost economyTop leaders will also discuss measures to stabilise markets April 9 (Reuters) - China's top leaders plan to convene a meeting as early as Wednesday to discuss measures to boost the econom...Reuters
Wed, Apr 9
Other
Touchstone Exploration Appoints Kenneth R. Mckinnon As Chair Of Touchstone Board
April 9 (Reuters) - Touchstone Exploration Inc TXP.TO:TOUCHSTONE EXPLORATION INC - JOHN D. WRIGHT RETIRES AS CHAIR OF TOUCHSTONE BOARDTOUCHSTONE EXPLORATION INC - KENNETH R. MCKINNON APPOINTED AS CHAIR OF TOUCHSTONE BOARDTOUCHSTONE EXPLORATION INC - TO REDUCE BOARD SIZE TO SIX MEMBERSReuters
Wed, Apr 9
Commodities
CF Industries forms JV with JERA, Mitsui for $4 billion low-carbon ammonia plant
April 8 (Reuters) - CF Industries CF.N said on Tuesday it has formed a joint venture with Japan's largest power generator, JERA, and trading house Mitsui & Co 8031.T to build one of the world's largest low-carbon ammonia facilities for about $4 billion.WHY IS IT IMPORTANTFormer President...Reuters
Wed, Apr 9
Other
UK won't change online safety law as part of US trade negotiations
LONDON, April 9 (Reuters) - Britain won't agree to make any changes to its Online Safety Act as part of trade negotiations with the U.S., Culture Secretary Lisa Nandy said on Wednesday."We've been really clear that we have to regulate the online space to make sure that it is a safe space...Reuters
Wed, Apr 9
