* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. The dollar held near a seven-week high against the Japanese yen on Wednesday before the outcome of a Federal Reserve meeting where officials are widely expected to cut interest rates by a quarter of a percentage point.
Fujairah Oil Industry Zone on Wednesday
published, via industry information service S&P Global Platts, the following
weekly inventory data for oil products for the week ended Sept. 16.
Colliers International Group Inc (CIGI) : * COLLIERS INTERNATIONAL CREATES TOP TIER PLAYER IN INDIA. * COLLIERS INTERNATIONAL GROUP (CIGI) - AGREED TO ACQUIRE CONTROLLING INTEREST IN LEADING PROJECT MANAGEMENT FIRM SYNERGY PROPERTY DEVELOPMENT SERVICES. * TERMS OF TRANSACTION WERE NOT DISCLOSED.
Japan's Nikkei share average slipped on Wednesday as investors took profits after a 10-day rally ahead of key central bank meetings in the United States and Japan, but continued to hover not far from its four-month high touched a day earlier.
Sumitomo Mitsui Trust Bank Ltd will consider charging account holders a fee if the Bank of Japan decides to deepen negative interest rates, the head of the bank told the Sankei newspaper. Under its ultra-loose monetary policy, the BOJ guides short- term rates towards -0.1%, eroding profit margins at financial institutions.
Malawi's economy is likely to expand by 4.5% this year, the International Monetary Fund said late on Tuesday, boosted by improved agricultural production and the rebuilding of infrastructure damaged by Cyclone Idai. The growth projection is down slightly from the fund's March forecast of a 5% expansion to gross domestic product.
Oil prices cooled on Wednesday as Saudi Arabia said full oil production would be restored by month's end while caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges.
* Oil steps back as Saudi says has restored supply. * Geopolitical tensions still support oil. * Investors expect Fed to cut rates by 25 basis points on Wed. * U.S. repo squeeze makes Fed QE more likely - Gundlach. * European shares seen little changed. * Asian stock markets: https://tmsnrt.rs/2zpUAr4. By Hideyuki Sano.
The European Central Bank's decision to introduce a tiered interest rate may be inadvertently tightening rather than easing market conditions, dampening some of the impact from its move to cut interest rates and resume bond purchases.
* U.S. FOMC announces interest rate cut decision at 1800 GMT. * Markets await BoJ meeting on Thursday. * Gold to remain neutral between $1,488-$1,523.61/oz - technicals. By Karthika Suresh Namboothiri. Gold was steady on Wednesday as investors awaited news on the U.S. central bank's stance on monetary policy, while some easing of the oil market's woes dented demand for safe-haven bullion.
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