Monthly Forex Seasonality – May 2022: Typically a Good Month for USD
The fifth month of the year usually sees gains for the US Dollar.
Bottom-up look at metaverse landscape
The use of tokens and nonfungible tokens (NFTs) could help unlock new business models.
Gold Technical Forecast: Gold Price Plunge Targets Final Support
Gold prices are poised for a fourth weekly plunge with XAU/USD now targeting the last major uptrend support zone. The levels that matter on the weekly technical chart.
Hydrogen – Just another hype or next big thing?
Hydrogen production is primed for significant growth in the coming decade and beyond, we believe, after several false starts.
Oil Tumbles on Global Economic Worries, Strong Dollar
EU members struggle to reach deal on Russian oil ban U.S. crude, products inventories likely fell last week poll May 10 Reuters Oil prices tumbling more than 1 on Tuesday, extending the previous day39;s steep declines as coronavirus lockdowns in top oil importer China, a strong dollar and growing recession risks fed worries about the […]
Bank of Japan Policymakers Unwavering on Easy Policy Stance
Several members flagged rising wages, prices at March meeting One member said Japan could see inflation spiral higher Some warned of risks to fragile recovery from Ukraine minutes BOJ keeps ultralow rates at March meeting TOKYO, May 9 Reuters Bank of Japan BOJ policymakers remained unwavering in their resolve to keep massive monetary stimulus, even […]
BlackRock Cuts back on China Exposure on Macro Concerns
LONDON Reuters BlackRock trimmed its exposure to Chinese stocks and government bonds, and Asian fixed income more widely, to neutral from a slight overweight, citing a worsening macroeconomic outlook as well as geopolitics. Chinas ties to Russia also have created a new geopolitical concern that requires more compensation for holding Chinese assets, we think, Jean Boivin, […]
Bayers Farming Business Drives Q1 Earnings Beat
FRANKFURT, May 10 Reuters Agriculture and pharmaceuticals company Bayer reported quarterly adjusted earnings rose a betterthanexpected 27.5 on strong gains at its seeds and pesticides business. First quarter earnings before interest, taxes, depreciation and amortisation EBITDA, adjusted for oneoff items, came in at 5.25 billion euros 5.55 billion, well above the average analyst estimate of 4.65 […]
Japans Opn Raises 120 Million, Becomes Rare Unicorn
TOKYO, May 9 Reuters Digital payments processor Opn, formerly known as Synqa, said it had raised 120 million in a Series C funding round, becoming a rare unicorn, or startup worth more than 1 billion, in Japan. The startup raised funds from the venture capital arm of the governmentbacked Japan Investment Corporation, Mitsubishi UFJ Financial […]
Renault sees Double Digit Margin for its Mobilize Brand in 2027
PARIS, May 10 Reuters French carmaker Renault said it was targeting a doubledigit margin for its new Mobilize brand, which proposes new solutions around mobility and data, and that 39;Mobilize39; would aim to represent 20 of Renault39;s overall group turnover by 2030. The company is counting on this new business to help turn around its finances. […]