Lebanon to allow deposits of $3,000 or less withdrawn in pounds at market rate – cbank circular

The circular did not define the market rate. The Lebanese pound has slumped on a parallel market in recent months by nearly 50% versus an official pegged rate of 1507.5 pounds to the dollar. (Reporting by Ellen Francis and Laila Bassam; Editing by Alison Williams)

Lebanon central bank FX unit to work with banknotes at “market rate” – governor

BEIRUT, April 3 (Reuters) – The Lebanese central bank’s new foreign currency unit will deal with banknotes at the “market rate” and choose which money exchangers it works with, Central Bank Governor Riad Salameh said told Reuters on Friday.

EMERGING MARKETS-Brazil’s real at record low; Latam stocks down for the week

* Latam stocks down for sixth week out of past seven * FX hammered by constant dollar demand * Brazil’s service sector activity hits record low in March (Adds milestones, updates prices) By Ambar Warrick and Susan Mathew April 3 (Reuters) – Brazil’s real slipped to a record low on Friday while most other Latin […]

EMERGING MARKETS-Latam stocks, currencies up on day but mark record quarterly losses

* MSCI Latam stocks plummet 45% over qtr * Mexico’s peso clocks worst quarter since 2008 * Chilean stocks mark record qtrly loss (Adds details on Chile, updates prices) By Ambar Warrick and Susan Mathew March 31 (Reuters) – Most Latin American assets edged up on Tuesday, tracking their broader emerging market peers on unexpectedly […]

EMERGING MARKETS-Latam FX weakens as dollar unfazed by jobs data; stocks edge up

* Fitch downgrades Colombia’s credit rating * BofA expects Mexican economy to shrink 8% in 2020 * Dollar unfazed by unemployment data * Oil price spike helps Brazil’s Petrobras (Adds analyst comment, updates prices) By Ambar Warrick and Susan Mathew April 2 (Reuters) – Latin American stocks made small gains on Thursday in a volatile […]

Stocks climb on oil price surge despite grim U.S. jobs data

Investors sought the safety of the U.S. dollar and government bonds. Stocks and oil futures were among the few risk assets that advanced, with oil benchmarks surging 20% after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war.

UPDATE 1-Russian c.bank extends funding for SMEs to pay salaries amid coronavirus

MOSCOW, March 27 (Reuters) – The Russian central bank said on Friday it would channel up to 150 billion roubles ($1.9 billion) to small- and medium-sized companies to ensure flawless payments of salaries, as part of the state measures amid the coronavirus outbreak.

Russian cenbank drops mortgage plan to limit coronavirus hit on banks – sources

From July 1, it had planned to require Russia’s roughly 400 banks to apply the same rule on mortgages: capital buffers were to rise significantly if a borrower was able to cover no more than a fifth of the property’s value from his or her own funds.

Moody’s expects Russian coronavirus response to pressure bank ratings

Moody’s said the move to tax interest on deposits, which Putin said would help allocate extra funds to fight the impact of the coronavirus outbreak, will affect 55.3% of the nominal amount of retail deposits, citing Russia’s state Deposit Insurance Agency data.

Equities drop as evidence mounts of deep global recession

Traders headed for the safety of government bonds, the dollar [USD/] and gold [GOL/] following sharp slowdowns in manufacturing activity in Japan and Germany, one day after data showed U.S. consumer confidence fell to three-year lows. New orders for U.S.-made goods fell to an 11-year low and private payrolls fell for the first time since […]