By John Biju (Reuters) – Short positions on most Asian currencies eased, as rising expectations of at least two rate cuts by the U.S. Federal Reserve this year and an easing dollar boosted risk[...]
Read more
July 11, 2024
Japanese stocks log biggest weekly foreign inflow in nearly six months
(Reuters) – Foreign investors made hefty investments in Japanese stocks in the week ended July 5, driven by a market rally and optimism over the outlook for solid corporate earnings in the secon[...]
Read more
UK housing market stays muted but optimism builds, RICS survey shows
LONDON (Reuters) – Britain’s housing market remained soft in June but surveyors were more positive about the outlook following this month’s parliamentary elections and with interest[...]
Read more
BHP to suspend Western Australia nickel operations
MELBOURNE (Reuters) -Australia’s BHP Group will temporarily suspend its Nickel West operations and West Musgrave project from October, the miner said on Thursday, as it reels from a plunge in me[...]
Read more
Tesla hikes Model 3 prices in Europe due to tariffs on China-made EVs
BERLIN (Reuters) -Tesla has raised prices of its Model 3 cars in European countries including Germany, the Netherlands and Spain by about 1,500 euros ($1,622) after the EU imposed tariffs on EVs made[...]
Read more
German inflation confirmed at 2.5% in June
BERLIN (Reuters) – German inflation eased in June to 2.5%, the federal statistics office said on Thursday, confirming preliminary data. German consumer prices, harmonised to compare with other E[...]
Read more
AI frenzy takes Taiwan’s TSMC to record peak, puts it in trillion dollar club
SINGAPORE (Reuters) – Taiwan’s TSMC scaled a record high on Thursday after posting strong second-quarter revenue on booming demand for AI applications, cementing its position as Asia[...]
Read more
Archegos founder Bill Hwang convicted at fraud trial over fund’s collapse
By Jody Godoy NEW YORK (Reuters) -Archegos Capital Management founder Sung Kook “Bill” Hwang was convicted of fraud and other charges by a jury in Manhattan federal court on Wednesday at a[...]
Read more
Global reserve managers upbeat on growth but worry about politics
LONDON (Reuters) – An escalation in geopolitical conflicts is the biggest risk to the global economy, according to central bank reserve managers, who are generally positive about the world[...]
Read more