December 2022 – Page 22 – UAG Trade Asia

BoE Readies another Rate Hike even as Recession Hits

December 15, 2022
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MANCHESTER, England, Dec 15 Reuters A ninth interest rate hike in a row by the Bank of England looks to be a foregone conclusion on Thursday and investors will be looking for clues on how many more will be needed with the economy sliding into recession but inflation still above 10. The Monetary Policy Committee […]

December 15, 2022
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Dec 15 Reuters The Russian rouble pared losses after tumbling to its weakest against the U.S. dollar in more than five months on Thursday on fresh pressure from the West39;s price cap on Russia39;s oil exports. The rouble fell to 64.95 against the U.S. dollar in morning trade in Moscow for its lowest reading since […]

December 15, 2022
Oil
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China oil demand set for 2022 contraction Price cap set to reduce Russian output by 1.4 mln bpd Russian oil revenue in Nov fell on lower prices, discounting LONDON, Dec 14 Reuters Global oil demand growth will slow next year but will still be at a robust 1.7 as China recovers from COVIDrelated economic doldrums, […]

December 15, 2022
Finance
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LONDON, Dec 14Reuters Sterling held steady against the euro on Wednesday, after data showed UK inflation eased from a 41year high in the runup to the Bank of England39;s next rate decision due later this week. Against the dollar, the pound edged up 0.24 to 1.2395, as traders prepared for the Federal Reserve39;s upcoming decision […]

December 15, 2022
Business
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SHANGHAI, Dec 14 Reuters Chinese dealers that sell Chinamade Jeep cars are asking Stellantis for millions of dollars in compensation after the automaker stopped producing the brand in China, according to a letter signed by the dealers seen by Reuters. Stellantis is overhauling its strategy in China after agreeing to file for bankruptcy of its Jeep joint venture […]

December 15, 2022
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Nov palm oil imports jump 29 mm to 1.14 mln T Soyoil imports in Nov fall 31 mm to 229,373 T Nov sunflower oil imports rise 8 mm to 157,709 T MUMBAI, Dec 14 Reuters Palm oil imports to India, the world39;s biggest buyer, rose in November by 29 from the previous month as steep […]

December 15, 2022
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Big manufacturers39; business mood at 7 vs f39;cast 6 Big nonmanufacturers39; sentiment at 19 vs f39;cast 17 Mixed data highlights challenges in driving up wages TOKYO, Dec 14 Reuters Japanese manufacturers39; mood soured in the final quarter of 2022 to its lowest in nearly two years, a central bank survey showed, as cost pressures and […]

Japanese Yen Eyes Support After Fed Failed Convincing Markets About Rate Outlook

The Japanese Yen faces key support after the Federal Reserve raised interest rates and struggled to convince markets about its policy outlook. AUD/USD awaits Australian employment figures.

December 14, 2022
Oil
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Brent, WTI dip after 3 gain in previous session U.S. crude stocks rise by 7.8 mln barrels after fall expected Market looks ahead to Wednesday U.S. Fed meeting analysts LONDON, Dec 14 Reuters Oil prices were broadly stable on Wednesday as bearish signals from data indicating a surprise build in U.S. crude inventories met forecasts […]

December 14, 2022
Politics
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WASHINGTON, Dec 14 Reuters When President Joe Biden speaks to African leaders in Washington on Wednesday, expect to hear about support for democracy, economic development and new financial commitments for a region that in recent years has taken a backseat to other U.S. priorities. But there will be another, likely unspoken message The United States […]

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BoE Readies another Rate Hike even as Recession Hits

Russian Rouble Recovers from FiveMonth Low against Dollar

Oil Demand Growth Set to Slow but Stay Robust in 2023 IEA

Pound Steadies on UK Inflation Eases; Fed Decision in Focus

Chinese Dealers Seek Compensation over Stellantis Jeep Failure

Palm Oil Imports to Top Buyer India Surge on Discount to Rivals

Japan Manufacturers Mood Sour as Cost Pressures Bite

Japanese Yen Eyes Support After Fed Failed Convincing Markets About Rate Outlook

Oil Stable between Rising Stocks, Forecasts of 2023 Demand Uptick

China an Unspoken Focus as Biden Woos African Leaders

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