Singapore launches $717 million fund to help intellectual property firms

SINGAPORE  - Singapore on Wednesday launched a S$1 billion ($717.31 million) fund to invest in companies with strong intellectual property profiles as part of a government push to establish the city-state as a global IP centre.

The Makara Innovation Fund (MIF), a partnership between the Intellectual Property Office of Singapore and local private equity firm Makar

Donald Trump tax plan will sharply slash corporate tax rates

WASHINGTON  - U.S. President Donald Trump is proposing to slash the corporate income tax rate and offer multinational businesses a steep tax break on overseas profits brought into the United States, officials said late on Tuesday.

With financial markets eagerly anticipating a White House tax plan, Trump will also call for a sharp cut in the top rate on pass-throu

Rupee continues gaining spree; rises 21 paise against dollar

The Indian rupee extended rally against the greenback on Tuesday amid persistent selling of dollar by banks and exporters, while sustained fund inflows by foreign portfolio investors also boosted rupee movement.

The home currency was also supported by weak dollar overseas and firmness in equity market. At the Interbank Foreign Exchange Market, the local currency was up by 21 per cent

Asian currencies rise as French vote relief boosts risk sentiment

Most emerging Asian currencies rose against the U.S. dollar on Tuesday as continued relief from the outcome of the first phase of French elections supported appetite for assets such as stocks and developing market foreign exchange.

In Asia, ringgit and rupiah moved higher after they reopened following market holidays. The ringgit was the region's top gainer, hitting a five-month p

Euro volatility collapses as Le Pen fears evaporate

LONDON (Reuters) - Market measures of expected volatility of the euro sank on Monday, pointing to a collapse in bets on a market shock from the second round of French presidential elections in two weeks' time.

One-month volatility euro-dollar implied volatility - an options market measure of expected swings in the currency over the next month - fell to its lowest in almost three w

Rupee surges 13 paise to 64.50 against greenback

The Indian Rupee were trading higher against the greenback on Monday amid fresh selling of dollar by banks and exporters, while sustained fund inflows by foreign portfolio investors also boosted rupee movement.

The home currency was also supported by weak dollar and firmness in equity market. At the Interbank Foreign Exchange Market, the local currency was up by 13 per cent to trade a

French election relief sends European stocks soaring

LONDON - Euro zone stocks headed for their best day in almost two years on Monday and the euro briefly vaulted to five-month peaks, after the market's favoured candidate won the first round of the French election, reducing the risk of another Brexit-like shock.

The victory for pro-EU centrist Emmanuel Macron, who is now expected to beat right-wing rival Marine Le

India`s Forex reserves surge by $889 mn

India's foreign exchange (Forex) reserves rose by $889.4 million as on April 14, 2017, official data showed on Friday.

According to the Reserve Bank of India's weekly statistical supplement, the overall Forex reserves increased to $369.88 billion from $368.99 billion reported for the week ended April 7.

India's Forex reserves comprise of foreign currency assets (

Euro zone economy races into fourth-quarter with bumper growth - PMI

By Jonathan Cable

LONDON - The euro zone economy bounded into the second quarter with strong broad-based growth, according to a survey showing businesses increased activity at the fastest rate for six years as new orders stayed robust.

Signs the bloc is on a sustainable growth path, along with inflationary pressures, will be welcomed by the European Central

Rupee edges higher against greenback

The Indian Rupee were trading higher with marginal gain against the greenback on Friday amid fresh selling of dollar by banks and exporters, while sustained fund inflows by foreign portfolio investors also boosted rupee’s movement.

The home currency was also supported by weak dollar and firmness in equity market. At the Interbank Foreign Exchange Market, the local currency was u

Rupee edges lower against US dollar

The Indian Rupee was trading lower against the greenback on Thursday amid fund outflows by foreign funds and importers due to strong demand for the American currency.

Early today, the home currency opened 07 paise down at 64.70 against dollar, but firm trading across the domestic equity market capped the decline. At the Interbank Foreign Exchange Market, the local currency was trading

Euro, stocks rise ahead of French election; bonds fall

By Rodrigo Campos and and Caroline Valetkevitch

NEW YORK - Stocks on major markets rose along with the euro on Thursday as a market-friendly presidential candidate led in opinion polls ahead of elections in France on Sunday.

Former French finance minister, Emmanuel Macron, maintained a slim lead in polls, but the election is still a four-way battle in the fi

Impact of US Fed`s interest rate rises on China capital flows diminishing - China FX regulator

BEIJING - The impact of United States interest rate increases on China's capital flows has been diminishing, State Administration of Foreign Exchange spokeswoman Wang Chunying said on Thursday.

China will closely monitor the Fed's interest rate increases and any shrinking in its balance sheet, said Wang.

(Reporting by Kevin Yao; Editing by Joseph Rad

Analysis - Reflation trades of 2016 deflate with remarkable speed

By Jamie McGeever

LONDON - Stocks, bond yields and the dollar are all falling, yield curves are flattening and sterling is marching higher. The "reflation" trades of 2016 that were supposed to mark a turning point in global markets are fading.

Fast.

The question for investors is whether this is the play book for the rest of the year, or w

China`s cabinet says it will put forward more measures to cut tax

BEIJING - China will put forward more measures to cut tax in an effort to lower cost for the real economy, according to a transcript of a cabinet meeting led by Chinese Premier Li Keqiang.

The government will simplify the value-added tax rate system and cut value-added tax for agricultural products, natural gas to 11 percent from 13 percent, effective from July 1, 201

Euro zone March inflation confirmed at 1.5 percent, core rate revised up

BRUSSELS - Euro zone core inflation was higher than initially forecast, the European Union's statistics office said on Wednesday, while confirming its estimate for the headline figure.

Eurostat confirmed inflation in March in the 19 countries sharing the euro slowed down to 1.5 percent year-on-year from a four-year high of 2.0 percent recorded in February.

But core

Rupee trades 09 paise higher against greenback

The Indian Rupee were trading higher against the greenback on Wednesday amid fresh selling of dollar by banks and exporters, while sustained fund inflows by foreign portfolio investors also boosted rupee’s movement.

The home currency was also supported by weak dollar, while weakness in equity market restricted uptrend. At the Interbank Foreign Exchange Market, the local currency

China relaxes some cross-border capital curbs as yuan steadies - sources

SHANGHAI- China's central bank has relaxed some of its curbs on cross-border capital outflows put in place just months ago to shore up the yuan currency, banking sources said on Wednesday.

The first loosening of the curbs comes as China's leaders and financial markets feel more confident that pressure on the yuan and the country's foreign exchange reserves

Sterling gets market's vote, stocks cold-shouldered

By Wayne Cole

SYDNEY - Sterling stole centre stage in Asia on Wednesday amid speculation Britain's surprise decision to call a snap election could ultimately deliver a more market-friendly outcome in its divorce from the European Union.

Safe-haven bonds also held onto most of their recent gains ahead of presidential elections in France and on escalating

Rupee trades flat against greenback

The Indian Rupee were trading higher with marginal gain against the greenback on Tuesday amid fresh selling of dollar by banks and exporters, while sustained fund inflows by foreign portfolio investors also boosted rupee’s movement. The home currency was also supported by weak dollar coupled with firm trading in Indian equity market.

At the Interbank Foreign Exchange Market, the

Dollar/yen off five-month low but U.S.-Japan trade issues limit rise

By Shinichi Saoshiro

TOKYO - The dollar pulled away from five-month lows versus the yen on Tuesday, with comments from U.S. Treasury Secretary Steven Mnuchin and higher debt yields giving the bruised greenback some breathing space.

Still, the dollar was capped by nervousness about Tuesday's economic dialogue between the United States and Japan. Lingering

China March outbound direct investment slumps 30.1 percent as capital curbs bite

BEIJING - China's non-financial outbound direct investment (ODI) slumped 30.1 percent in March from a year earlier as authorities kept a tight grip on capital outflows to help support the yuan currency and safeguard the country's foreign exchange reserves.

Non-financial ODI totalled $7.11 billion last month, Commerce Ministry data showed on Tuesday.

Turkish economic weakness exposed in post-referendum data

ISTANBUL - Turkish unemployment hit a seven-year peak in early 2017 while the budget deficit rose, data showed on Monday, underlining the economic challenges facing the country a day after its social divisions were laid bare in a referendum.

Turks narrowly voted on Sunday in favour of constitutional changes granting sweeping powers to President Tayyip Erdogan. He has

Asia FX rises as dollar loses lustre; Philippine peso pares gains

By Aparajita Saxena

Asian currencies rose on Monday as falls in the U.S. stock market and Treasury yields kept the U.S. dollar range-bound, and made regional currencies relatively more attractive bets.

Downside to the U.S. dollar and government bond yields came from President Donald Trump's verbal intervention on Thursday, when he told the Wall Street Journal the dollar

Stocks bounce as earnings in focus; dollar steadies on Mnuchin

By Caroline Valetkevitch

NEW YORK - U.S. stocks rose after three straight sessions of losses as investors shifted their focus to earnings and the greenback steadied after Treasury Secretary Steven Mnuchin said dollar strength is good over long periods of time.

Mnuchin, in comments to the Financial Times, also said U.S. President Donald Trump's recent remarks that the dol