May 2022 – Page 52 – UAG Trade Asia

Hong Kong Q1 GDP Shrinks more than Expected on COVID Curbs

Hong Kong Q1 GDP 4 yy vs Q4 GDP of revised 4.7 yy Q1 GDP sadj 2.9 qq HONG KONG, May 3 Reuters Hong Kong39;s economy contracted in the first quarter of this year as the city imposed its most stringent restrictions to curb an outbreak of COVID19 that has battered business, led to an […]

May 3, 2022
Finance
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BENGALURU, May 2 Reuters Indian shares kicked off May on a tepid note, weighed down by losses in automobile and IT stocks, as investors cautiously awaited an expected rate hike by the U.S. Federal Reserve this week. At the close of trade on Monday, the NSE Nifty 50 index was down 0.2 at 17,069.10, while the […]

May 3, 2022
Finance
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U.S. 10year Treasury yields hold at 3 Gold hits 1,849.90oz, lowest level since Feb. 16 May 3 Reuters Gold prices fell on Tuesday to their lowest level since midFebruary as investors braced for more aggressive rate hikes from the U.S. central bank that have boosted the dollar and Treasury yields and lifted the opportunity cost […]

May 3, 2022
Finance
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NEW YORK, May 3 Reuters The U.S. dollar fell against a basket of currencies on Tuesday, as investors evaluated how much of the Federal Reserve39;s expected move to hike rates this week and beyond was already priced in. The dollar index hit a 20year high last week on expectations the U.S. central bank will be […]

May 3, 2022
Finance
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NEW YORK, May 2 Reuters The dollar held just below a 20year high against a basket of currencies on Monday before an expected Federal Reserve rate hike this week, with traders focused on the potential for the U.S. central bank to adopt an even more hawkish tone than many expect. The Fed has taken an […]

May 3, 2022
Finance
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HONG KONG, May 3 Reuters Alibaba shares fell as much as 9 on Tuesday after a state media report that Chinese authorities had taken action against an individual surnamed Ma, but recouped losses after the report was revised to make clear it was not the company39;s founder. State broadcaster CCTV first reported that authorities in […]

May 3, 2022
Finance
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SINGAPOREHONG KONG, May 3 Reuters Shares in HSBC Holdings gained on Tuesday after its largest shareholder, Chinese insurance giant Ping An, urged a breakup of the Londonheadquartered bank in a bid to improve returns. Sources familiar with the situation said on Friday that Ping An had called on HSBC to look at options including spinning […]

May 3, 2022
Finance
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Gold and silver have come under increased pressure in the last two weeks. Silver has ten sessions of backtoback decline, from 25 to 22.5, and is back near the lower end of its trading range since July 2020. In the middle of last month, the pressure on gold intensified after a failed attempt to climb […]

May 3, 2022
Politics
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RBA raises cash rate 25 bps to 0.35 vs market forecast 0.25 Says further hikes will be needed to curb inflation Market narrows odds on rise to 0.75 in June RBA says pace not predetermined, could eventually get to 2.5 SYDNEY, May 3 Reuters Australia39;s central bank on Tuesday raised its cash rate by a […]

May 3, 2022
Business
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BERLIN, May 2 Reuters Volkswagen39;s premium brands Audi and Porsche will join Formula One after convincing the German automaking group that the move will bring in more money than it will cost, VW Chief Executive Herbert Diess said on Monday. Discussions by the board of directors about the two brands39; plans had created some divisions, said […]

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Hong Kong Q1 GDP Shrinks more than Expected on COVID Curbs

Indian Shares End Lower, U.S. Fed Meeting in Focus

Gold Falls to 212Month Trough, Fed Rate Hike in Focus

USD Dips before Fed Announcement, AUD Gains after Rate Hike

Dollar Approaches 20Year Highs, Fed Meeting in Focus

Alibaba Stock Falls, then Recovers, after State Media Report

HSBC Shares Rise as Markets Warm Up to BreakUp Proposal by Top Shareholder

Gold and Silver at the Lower Limits

Australias C.Bank Hikes Interest Rates, Flags more to Come

Audi, Porsche to join Formula One, VW CEO says

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