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German bond yields edge lower; focus on ECB, U.S. rates

* Euro zone periphery govt bond yields Link By Stefano Rebaudo MILAN, Oct 20 (Reuters) - German bond yields edged lower after rising in early trade on Wednesday, tracking moves in U.S. borrowing costs amid concerns about a potential monetary tightening by the European Central Bank. Market expectations for future interest rates do not square with th

Prices rise on lower temperature forecasts

LONDON, Oct 20 (Reuters) - British and European wholesale gas prices rose on Wednesday on forecast for colder weather that could raise demand for heating. * The Dutch wholesale gas price for November TRNLTTFMc1 was 3.06 euros higher at 94.51 euros per megawatt hour (MWh) by 0918 GMT. * The Dutch wholesale gas contract for next day delivery TRNLTTFD

Rising global yields weigh on emerging currencies, stocks gain

* South African CPI rises in September to 5% * Polish producer prices rise above expectations * Hungary's forint hits six-month low vs euro By Shashank Nayar Oct 20 (Reuters) - Emerging stocks enjoyed another day of healthy gains on Wednesday but currencies made little headway against a softer dollar as the prospect of rising interest rates in majo

Lawmakers probe timeline of NatWest money laundering investigation

LONDON, Oct 20 (Reuters) - British lawmakers have asked the Financial Conduct Authority why it took five years to prosecute NatWest NWG.L for failing to prevent the laundering of nearly 400 million pounds ($551.28 million), after the lender pled guilty earlier this month. The bank on Oct. 7 admitted three criminal charges of not adequately monitori

Riding the crypto rollercoaster: Bitcoin nears record high

By Tom Wilson LONDON, Oct 20 (Reuters) - Bitcoin is on the cusp of an all-time high, its latest rally fuelled by the launch of the first U.S. bitcoin futures exchange-traded fund that investors think could make the cryptocurrency accessible for swathes of new investors. But the advent of cryptocurrency ETFs in the world's biggest economy hasn't bee

Gold prices climb, but U.S. bond yields cap gains

* Benchmark 10-year Treasury yields hit five-month peak * Upside in gold capped by tapering expectations - analyst By Arundhati Sarkar Oct 20 (Reuters) - Gold prices rose on Wednesday, buoyed by a softer dollar, although gains were capped by elevated Treasury yields and the looming stimulus tapering by the U.S. Federal Reserve. Spot gold XAU= was u

China officials seek to reassure on property debt crisis, some bonds rebound

By Clare Jim and Andrew Galbraith HONG KONG/SHANGHAI, Oct 20 (Reuters) - More Chinese officials on Wednesday sought to reassure investors and homeowners over a debt crisis afflicting the country's property sector, saying risks were controllable and excessive credit tightening by banks was being corrected. Worries that a cash crunch at China Evergra

Energy crisis wake up call for more investment, ADNOC CEO says

LONDON/NEW DELHI, Oct 20 (Reuters) - The current energy crisis is a wake up call for the need to invest more in the sector to avoid another energy supply crunch, Abu Dhabi National Oil Company ADNO.AD (ADNOC) Chief Executive Sultan al-Jaber told an energy conference on Wednesday. Reporting by Dmitry Zhdannikov in London and Nidhi Verma in New Delhi

Ugandan shilling stable as importer dollar demand slows

KAMPALA, Oct 20 (Reuters) - The Ugandan shilling UGX= traded in the same position on Wednesday as the previous day, amid a slowdown in importer dollar demand. At 0910 GMT commercial banks quoted the shilling at 3,610/3,620, the same as Tuesday's close. UGX Spot Rate..... UGX= Ugandan Shilling Money Guide.... UGX/1 Calculated Cross Rates.......... U

Global oil refiners crank up output as margins recover to pre-COVID levels

* Gasoline, diesel margins rebound globally as COVID-19 curbs ease * Global oil products inventories fall to lowest since 2014 - FGE * Maintenance, high natural gas prices to constrain supply in Q4 * Asia crude runs to reach 29.5 mln bpd in Q4, up 1.4% y/y - FGE * Formosa to process 400,000 bpd in Nov, up 5-8% from Oct By Florence Tan, Roslan Khasa

Bundesbank's Weidmann quits with one last inflation warning

By Balazs Koranyi and Francesco Canepa FRANKFURT, Oct 20 (Reuters) - Bundesbank President Jens Weidmann, a relentless critic of the European Central Bank's ultra-easy monetary policy, will step down from his post on Dec. 31, more than five years before his term was due to end, the German central bank said on Wednesday. Weidmann, among the most cons

European stocks steady as Nestle shines in mixed bag of earnings

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * STOXX 600 reverses early losses * Kering slides as Gucci sales lose sparkle * Nestle boosts food & beverage stocks By Anisha Sircar Oct 20 (Reuters) - European shares were flat on Wednesday as strong results from Nestle boosted food compan

Louis Dreyfus: S&P has upgraded LDC's rating to Bbb/A-2

Oct 20 (Reuters) - Louis Dreyfus Co BV AKIRAU.UL : * S&P HAS UPGRADED LDC'S RATING TO BBB/A-2 Source text for Eikon: ID: Further company coverage: (Paris Newsroom)

Thailand to extend cap on diesel prices to help consumers

BANGKOK, Oct 20 (Reuters) - Thailand will extend its diesel price cap of 30 baht ($0.8987) per litre beyond this month, its deputy prime minister said on Wednesday, as global oil prices put a strain on consumers and an economy struggling from the pandemic. The support will be financed by the country's oil fund and a loan, Deputy Prime Minister Supa

China to curb excessive financing through debt issuance, regulator says

SHANGHAI, Oct 20 (Reuters) - China will curb excessive financing through debt issuance to build high leverages, the Chairman of China's securities regulator, Yi Huiman, said on Wednesday. Yi's remarks were made at the Financial Street Forum in Beijing. He added that China will properly handle default risks in bond market. Reporting by Winni Zhou an

Energy, services boost euro zone inflation as expected in Sept

BRUSSELS, Oct 20 (Reuters) - More expensive energy and services boosted euro zone inflation as expected in September, data showed on Wednesday, with core inflation also higher. The European Union's statistics office Eurostat said consumer prices in the 19 countries using the euro rose 0.5% month-on-month in September for a 3.4% year-on-year rise, a

China to protect legal rights of Evergrande creditors head

HONG KONG, Oct 20 (Reuters) - China will fully respect and protect the legal rights of Evergrande Group's 3333.HK creditors and asset owners in line with repayment priorities laid out by the law, the country's central bank head, Yi Gang, said. Yi made the remarks on Sunday at an online meeting of the Group of 30 International Banking Seminar, and t

Sterling stuck below 1-month high after inflation reading

* Graphic: World FX rates in 2020 Link * Graphic: Trade-weighted sterling since Brexit vote Link LONDON, Oct 20 (Reuters) - Sterling laboured below a one-month high on Wednesday as traders said a dip in September inflation was unlikely to stop the Bank of England from raising interest rates soon. Consumer prices rose 3.1% in annual terms in Septemb

Lawmakers probe timeline of NatWest money laundering investigation

LONDON, Oct 20 (Reuters) - British lawmakers have asked the Financial Conduct Authority why it took five years to prosecute NatWest NWG.L for failing to prevent the laundering of nearly 400 million pounds ($551.28 million), after the lender pled guilty earlier this month. The bank on Oct. 7 admitted three criminal charges of not adequately monitori

Taiwan Sept export orders beat forecast, warns on China curbs

* August export orders +25.7% y/y vs +17% seen in Reuters poll * Ministry sees Oct orders rising between 22.1% and 25% y/y * Ministry warns of uncertainty from China energy curbs TAIPEI, Oct 20 (Reuters) - Taiwan's export orders set a record in September, growing faster than expected on demand for new smartphones and chips and ahead of the year-end

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