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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
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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
Other
Orion180 launches FLEX home insurance in 14 Florida coastal counties
By Mia MacGregorApril 9 - (The Insurer) - Orion180 has rolled out its FLEX home insurance product across 14 coastal counties in Florida.FLEX offers customisable coverage, allowing homeowners to tailor policies and deductibles based on their risk tolerance and budget, the Melbourne, Florida-based com...Reuters
Wed, Apr 9
Stocks
U.S. Stock Rebound Fizzles as VIX Soars; Navarro Warns Tariff War to Escalate Further!
TradingKey - On the eve of the implementation of the U.S. reciprocal tariffs, hopes for successful trade negotiations briefly lifted investor sentiment, propelling the S&P 500 up 4% in early trading. However, the Trump administration’s firm commitment to its tariff strategy soon underscored the...
TradingKey
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.Rabobank said prosecutors will now take the case to court.Reuters
Wed, Apr 9
Stocks
LIVE MARKETS-Morning Bid: Markets cower as 104% tariffs on China begin
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com. MORNING BID: MARKETS COWER AS 104% TARIFFS ON CHINA BEGIN As the next leg of the rapidly escalating trade war comes into view, in...Reuters
Wed, Apr 9
Stocks
Uniqlo operator Fast Retailing seen posting 14% jump in Q2 profit as tariffs loom
Fast Retailing's Q2 profit expected to rise 14% to 125.9 billion yenUS tariffs pose challenges, but impact seen less severe than on other industriesDomestic sales boosted by tourism and weak yenShares down 19% in 2025 after soaring nearly 50% last yearBy Rocky Swift TOKYO, April 9 (Reuters) -...Reuters
Wed, Apr 9
Stocks
South African Markets - Factors to watch on April 9
JOHANNESBURG, April 9 (Reuters) - The following equity and currency market moves may affect South African markets on Wednesday. SOUTH AFRICAN MARKETSSouth Africa's rand strengthened on Tuesday as the country's two biggest political parties said they were not walking away from the coalitio...Reuters
Wed, Apr 9
Other
Head of France's Medef business lobby worried about recession risk from U.S. tariffs
PARIS, April 9 (Reuters) - The head of France's Medef business lobby group warned on Wednesday that U.S. tariffs, that are deepening a global trade war, could hit economic growth and lead to a recession."Of course I am worried," Patrick Martin told RTL radio when asked about the impact o...Reuters
Wed, Apr 9
Cryptocurrencies
Bitcoin Open Interest Crashes 17% as Whales Scoop Up Supply—Reversal Ahead?
Bitcoin is continuing to face downward pressure in the market, with the cryptocurrency falling below $80,000 on Sunday for the first time since last year. Despite a 4.1% recovery in the past 24 hours bringing it back to $79,825, Bitcoin remains down 26% from its all-time high of over $109,000 record...NewsBTC
Wed, Apr 9
Commodities
US sanctions hit Serbian oil firm NIS' operations despite waivers
NIS has had to switch to spot market purchases, sources sayOMV, Eko no longer buy transport fuel from NIS due to sanctionsNIS says ready to meet obligations, refinery operating normallyBy Robert Harvey and Aleksandar Vasovic LONDON/BELGRADE, April 9 (Reuters) - Serbian oil firm NIS is struggling ...Reuters
Wed, Apr 9
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QUOTES-Reaction 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
Stocks
JPM eyes copper, gold equities for opportunities in weak market
** J.P.Morgan says that metals and mining names were top performing sector exiting the last three recessions and it continues to forecast a "V-shape" recovery in 2025** While it's too soon to call a trough, JPM says it sees this period of weakness as an opportunity to accumulate exposure...Reuters
Wed, Apr 9
Stocks
Samsung SDI cuts share sale price, as shaky global markets hit Asian deals
Samsung SDI cuts share-sale price by 14%'Reciprocal' tariffs came into effect on WednesdayAsian equities, Treasuries down sharply in Asian hoursShare sales, bond deals hit across Asia SEOUL, April 9 (Reuters) - South Korean battery maker Samsung SDI 006400.KS, is cutting by 14% the price ...Reuters
Wed, Apr 9
Other
QUOTES-Reaction 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. Here are some comments from analysts and investors:MUKESH DAVE, CHIEF INVESTMENT OFFICER, ...Reuters
Wed, Apr 9
Stocks
Taiwan hopes for quick agreement with US on tariffs, stocks swoon again
Taiwan hit by 32% tariffs by President TrumpTaiwan says won't retaliate, seeks talks with USTaiwan stock market hits near 15 month low TAIPEI, April 9 (Reuters) - Taiwan hopes that it can come to a quick agreement with the United States to resolve tariffs and has already approached Washington...Reuters
Wed, Apr 9
