-E-commerce firm JD.com Inc (JD) said on Thursday it planned to spin off its property and industrial units and list them on the Hong Kong Stock Exchange, the latest revamp in the Chinese technology sector after a sweeping regulatory crackdown. JD.com (JD) said it would continue to hold a stake of more than 50% in the units, JD Industrials and JD Property, upon completion of the proposed spin-off.
* Canadian dollar strengthens 0.1% against the greenback. * Touches its strongest since Feb. 24 at 1.3531. * Price of U.S. oil increases 1% * 2-year yield touches a two-week high at 3.788% By Fergal Smith.
Switzerland's 250 billion Swiss franc lifeline thrown to Credit Suisse and UBS could cost them more than 10 billion francs in interest if used in full, Reuters calculations based on official data showed.
The euro rose against the U.S. dollar on Thursday as investors switched focus to inflation for more hints on central banks' next rate moves, as concerns over the banking sector receded. Inflation is expected to ease significantly in Germany in March on the back of lower energy prices, preliminary data from six economically key states in the country showed on Thursday.
The pound held steady on Thursday, and was heading for its biggest monthly gain versus the dollar since November, as an apparent abatement in concern among investors over the banking sector drove flows away from the U.S. currency. Sterling has risen by nearly 3% against the dollar in March and is hovering around eight-week highs.
* EM stocks rise amid no new signs of banking stresses. * SARB expected to wrap up tightening with 25 bps hike. * C.banks in Mexico, Colombia seen hiking rates later in the day. By Shreyashi Sanyal.
The U.S. dollar and euro steadied on Thursday as concerns over the banking sector receded, while investors switched focus to inflation for more hints on central banks' next rate moves.
The Russian rouble steadied after touching its lowest mark since March 21 against the dollar on Thursday, having now lost the support of a favourable month-end tax period and as oil prices threatened to dip lower once more. At 0721 GMT, the rouble was unchanged against the dollar at 77.15, earlier hitting 77.31, its weakest mark in over a week.
The U.S. dollar was a tad higher on Thursday as receding concerns over the banking sector bolstered risk sentiment and investors switched their attention to the Federal Reserve's battle against inflation. The dollar index, which measures the currency against six major peers, rose 0.019% to 102.65, after gaining 0.19% overnight.
Stock indexes advanced on Thursday but finished below their session highs while the dollar declined as investors turned their focus to upcoming inflation data and the outlook for interest rate hikes. Longer-dated U.S. Treasury yields fell ahead of personal consumption expenditures data due out Friday.
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