April 2023 – Page 33 – UAG Trade Asia

Wall Street Bank Earnings Under Pressure after Crisis

April 11, 2023
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NEW YORK, April 10 Reuters Most Wall Street banks are likely to report lower quarterly earnings and face a dour outlook for the rest of the year, with last month39;s regional banking crisis and a slowing economy expected to hurt profitability. Earnings per share for the six biggest U.S. banks are expected to be down […]

April 11, 2023
Business
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SHANGHAI, April 8 Reuters Chinese search engine giant Baidu, has filed lawsuits against relevant app developers and Apple Inc over fake copies of its Ernie bot app available on Apple39;s app store. The company39;s artificial intelligence powered Ernie bot, launched last month, has been touted as China39;s closest answer to the U.S.developed chatbot ChatGPT. Baidu said it had […]

US Dollar Extends Rise as Liquidity Comes Back and Markets Absorb NFP Report

The US Dollar gained on Monday as liquidity came back online and markets fully absorbed Friday’s non-farm payrolls report. Will DXY’s momentum hold ahead?

April 10, 2023
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RBI holds repo rate at 6.50 Analysts had expected one more hike of 25 bps RBI sees war against inflation continuing Bond yields fall sharply; rupee down slightly MUMBAI, April 6 Reuters The Reserve Bank of India RBI surprised markets by holding its key repo rate steady on Thursday after six consecutive hikes, saying it […]

April 10, 2023
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FRANKFURT, April 6 Reuters The European Central Bank will need to raise interest rates again in May if inflation develops along the path seen in the bank39;s March economic projections, ECB chief economist Philip Lane told the Cyprus News Agency. The ECB has raised rates by a combined 350 basis points since July but did […]

April 10, 2023
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TORONTO, April 9 Reuters The Bank of Canada is expected to take in stride surprising recent economic strength and leave interest rates unchanged at its meeting on Wednesday, pinning its hopes on activity cooling as higher borrowing costs sink in, analysts said. Last month, the Bank of Canada became the first major global central bank […]

April 10, 2023
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April 10 Reuters U.S. money market funds drew inflows for a fourth straight week on worries about an economic slowdown after data pointed to slowing production and a cooling labor market. According to Refinitiv Lipper data, U.S. money market funds obtained a net 42.51 billion worth of inflows in the week to April 5. It was, however, the […]

April 10, 2023
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NEW YORK, April 10 Reuters Americans said last month that access to credit was at its toughest level in nearly a decade, as they also braced for higher levels of inflation over the next few years, a report from the New York Fed said Monday. In the March Survey of Consumer Expectations, the bank found […]

April 10, 2023
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April 10 Reuters Global shipments of personal computers slumped by nearly a third in the first quarter of 2023, with Apple Inc dropping the most among the market heavyweights as the industry struggles with a postpandemic slowdown in consumer spending. In separate reports published on Monday, market research firms IDC and Canalys blamed weak demand, excess […]

April 10, 2023
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BEIJINGSHANGHAI, April 10 Reuters Growth in sales of China39;s passenger vehicles was flat in March from a year earlier, industry data showed on Monday, as more price cuts by auto brands and the rollout of incentives by local governments helped to support demand. Car sales in March were 1.61 million units, the China Passenger Car […]

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Wall Street Bank Earnings Under Pressure after Crisis

Baidu Sues Apple, App Developers over Fake Ernie Bot Apps

US Dollar Extends Rise as Liquidity Comes Back and Markets Absorb NFP Report

India Pauses Rate Hikes in Surprise Decision, but Door Open for More

ECB may Need to Hike Rates again in May Lane

Bank of Canada seen on Hold Even as Economy Accelerates

U.S. Money Market Funds see Fourth Weekly Inflow in a Row

NY Fed Survey Finds Americans more Downbeat on Credit Access

Global PC Shipments Slide in First Quarter, IDC says

Chinas Car Sales Stay Flat in March amid Price War

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