Funds Short Yen Bets to Test Japans Intervention Resolve

ORLANDO, Florida, Feb 25 Reuters Hedge funds are wagering one of their biggest bets against the Japanese yen in years, pushing Japanese authorities39; tolerance of the currency39;s slide towards new 34year depths to the limit. Although Tokyo has cranked up the warnings recently that rapid moves in the exchange rate are undesirable, there are reasons to believe there […]
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Most UK Exporters Hit by Red Sea Disruption, Survey Shows

LONDON Reuters Most British exporters and manufacturers have felt an impact from disruption in the Red Sea caused by attacks on shipping by Yemen39;s Iranaligned Houthi rebels, according to a survey. The British Chambers of Commerce said 55 of exporters reported disruption, as did 53 of manufacturers and businesstoconsumer services firms, a category that includes retailers […]
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US Diesel Exports to Europe Dip on Plummeting Refining Output

NEW YORKWASHINGTON, Feb 26 Reuters A slump in U.S. refining activity and disruptions to global trade have tightened diesel supplies in recent weeks, dampening historically high U.S. diesel exports to Europe this month. Difficulties in securing U.S. diesel complicate an existing supply crunch in Europe, which previously relied on Russian fuel exports. U.S. diesel cracks […]
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Japan Takes Taiwans Helping Hand on Long Road to Chip Revival

TOKYO, Feb 23 Reuters Chipmaker TSMC formally opens its first Japanese plant on Saturday, highlighting the Taiwanese firm39;s critical role in Tokyo39;s multibillion dollar efforts to reboot its oncemighty semiconductor manufacturing industry. That Japan turned to TSMC for help on an industry it once dominated reflects the Taiwan chipmaker39;s dominant position in the foundry business and […]
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German, Dutch Central Banks Post Big Losses, Warn of More

FRANKFURTAMSTERDAM, Feb 23 Reuters The German and Dutch central banks on Friday posted multibillion euro losses for 2023 and predicted more financial pain ahead, suggesting that they are unlikely to pay dividends into state coffers for years to come. The European Central Bank and some of its largest national affiliates are generating large losses, depleting provisions […]
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