January 2023 – Page 14 – UAG Trade Asia

Energy Support, Debt Interest Help to Swell UK Borrowing

January 24, 2023
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UK records highest December budget deficit Data offers little room for UK39;s Hunt to manoeuvre Debt interest bill hits new high for December LONDON, Jan 24 Reuters Britain39;s government borrowed more last month than in any December since monthly records began 30 years ago, reflecting the huge cost of energy support and soaring debt interest […]

January 24, 2023
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LONDON, Jan 24 Reuters Euro zone business activity made a surprise return to modest growth in January, adding to signs the downturn in the bloc may not be as deep as feared and that the currency union may escape recession, a survey showed. SP Global39;s flash Composite Purchasing Managers39; Index PMI, seen as a good […]

January 24, 2023
Finance
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FTX’s controversial FTT token surged by more than 40% after John J. Ray III said that he’s exploring the possibility of restarting the crypto exchange.

Japanese Yen Steadies on PMI Data and Markets Assess Risks. Where to for USD/JPY?

The Japanese Yen saw gains against the US Dollar after comforting PMI numbers in thin trade due to Lunar New Year. The USD/JPY trend is being questioned. Will it turn?

January 23, 2023
Business
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Jan 23 Reuters Dignity Plc said on Monday it would be acquired by a consortium comprising investment firms SPWOne V Ltd, Castelnau Group and Phoenix Asset Management Partners, valuing the funeral services provider at 281 million pounds 349 million. The 550 pencepershare cash offer represents a premium of 29.3 to the Jan. 3 closing price of 425.5 […]

January 23, 2023
Business
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HAMBURG, Jan 23 Reuters Volkswagen39;s energy and charging division is keeping all options open for the longterm structure of the business, including a possible listing, the division39;s chief Elke Temme said in an interview with Reuters. The division, like all the carmaker39;s unlisted brands and its battery business PowerCo, is going through the motions of preparing […]

January 23, 2023
Finance
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Singapore residential rents could rise at a slower rate of 10-15% this year with more than double 2022’s new homes set to be completed and vacancy rates increase.

January 23, 2023
Finance
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Four sweeping SEC proposals to reduce tick sizes and access fees would aid exchanges and hurt retail brokers if passed intact.

January 23, 2023
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NEW DELHIMUMBAI, Jan 23 Reuters India is expected to slash the import duty on gold to undercut smugglers who have been offering hefty discounts as illicit imports boom after COVID19, denting the market share of banks and refiners, government and industry officials told Reuters. A cut in the import duty by the world39;s secondbiggest consumer […]

January 23, 2023
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LONDON, Jan 23 Reuters Britain is falling behind its peers in the race to spur economic growth and Prime Minister Rishi Sunak must act now to boost investment, fix a lack of workers and avoid chaos over postBrexit rules, the head of an employers group said on Monday. Confederation of British Industry DirectorGeneral Tony Danker […]

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Energy Support, Debt Interest Help to Swell UK Borrowing

Euro Zone Business Activity Back to Growth in January PMI

FTX token jumps after new CEO says exchange could restart

Japanese Yen Steadies on PMI Data and Markets Assess Risks. Where to for USD/JPY?

UK Funeral Service Provider Dignity Agrees to 349 mln Takeover Deal

VW Keeping IPO Option Open for Charging, Energy Business

Singapore 2023 rental growth could moderate as new homes double

SEC proposals to overhaul market structure

India Expected to Cut Gold Import Duty to Sideline Smugglers

UK Employers Urge Sunak to Act Urgently on Growth Reforms

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