By Sameer Manekar (Reuters) – Analysts have turned bullish on most major Asian currencies for the first time in more than a year, bolstered by rising bets of interest rate cuts by the Federal Re[...]
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August 8, 2024
Exclusive-Western insurers provide cover for Russian oil despite price cap concerns
By Jonathan Saul and Gleb Stolyarov LONDON (Reuters) – A group of Western insurers have provided cover for tankers carrying Russian crude, keeping its oil flowing after many in the trade sector[...]
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Analysis-Slumping US tech stocks tempt some buyers to brave rocky market
By Lewis Krauskopf NEW YORK (Reuters) – Investors are tiptoeing back into shares of U.S. tech stocks following a sharp tumble, even as some still-elevated valuations threaten to punish dip buyer[...]
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Traders lose billions on big volatility short after stocks rout
By Nell Mackenzie LONDON (Reuters) -A wager that stock markets would stay calm has cost retail traders, hedge funds and pension funds billions after a selloff in global stocks, highlighting the risks[...]
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MG Motor to build manufacturing plant, R&D center in Mexico
MEXICO CITY (Reuters) – MG Motor plans to build a manufacturing plant and a research and development center in Mexico, the carmaker said on Wednesday, adding that it would bring the additional b[...]
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Morning Bid: No let up in volatility
A look at the day ahead in European and global markets from Kevin Buckland Investors would be well advised to put those neck braces back on, with the start to Thursday’s trading showing that mar[...]
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Thailand approves incentives for auto parts joint ventures
BANGKOK (Reuters) – Thailand has approved incentives for joint ventures (JV) between Thai and foreign companies to manufacture automotive parts for vehicles using all types of propulsion systems[...]
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Japan’s Shiseido becomes latest luxury brand hit by China slump, shares plunge
TOKYO (Reuters) – Japanese cosmetics powerhouse Shiseido fell by its daily limit in Tokyo trading on Thursday following midyear earnings that were hit by restructuring costs and slumping demand[...]
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DBS picks insider Tan Su Shan as first female CEO to lead Southeast Asia’s biggest bank
By Roushni Nair and Yantoultra Ngui (Reuters) -DBS Group said on Wednesday Tan Su Shan, its head of institutional banking, will succeed Piyush Gupta as CEO when he retires in March, making her the fir[...]
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