Is This the Moment of Reckoning for Gold?
The apparent progress in US debt ceiling talks and hawkish US Federal Reserve commentary has taken off some of the heat off gold’s rally. Is it finally beginning to turn lower?
Google to Delete Inactive Accounts Starting December
May 16 Reuters Alphabet Inc39;s Google on Tuesday said it would delete accounts that had remained unused for two years starting December, in a bid to prevent security threats including hacks. The company said that if a Google account had not been used or signed into for at least two years, it might delete the account and content […]
Pilots Seek Indian Government Help to Quit Go First
Reuters Pilots at India39;s Go First face delays getting paid due to the airline39;s bankruptcy process and want the government to allow them to take up new jobs without serving long notice periods, a group representing the pilots said in a letter seen by Reuters. In the letter dated May 15, the Federation of Indian […]
Canadas Inflation Unexpectedly Rises in April, Upping RateHike Pressure
OTTAWA, May 16 Reuters Canada39;s annual inflation rate rose in April for the first time in 10 months, data showed on Tuesday, adding pressure on the central bank to raise interest rates again after having paused its tightening campaign since January. Annual inflation unexpectedly rose to 4.4 in April, Statistics Canada said. Analysts polled by […]
Australian Dollar Sinks with Dow Jones After US Retail Sales, Where to for AUD/USD?
The sentiment-linked Australian Dollar fell alongside the Dow Jones on Tuesday as solid US retail sales cooled Fed rate cut bets. IGCS shows more traders are boosting AUD/USD upside bets.
German green bonds achieve elusive greenium – only just
Sustainable bond issuance continues its upward trend in 2023, as Corporate and Government new bond issuance increased by 16.9% compared to the same period last year.
German April Wholesale Prices Post First yy Drop since Dec 2020
BERLIN, May 15 Reuters Germany39;s wholesale price index fell slightly in April compared to the same month last year, the first yearonyear drop since December 2020, according to data released on Monday. Wholesale prices fell by 0.5 on the year and 0.4 on the previous month, compared to March readings of 2.0 and 0.2, the […]
HK-Mainland travel boosts life insurers
Strong tourists arrivals in Hong Kong during Golden Week and a consensus-beating 1Q GDP should give a significant boost to an already-strong recovery in the growth of life insurers’ new annual premium equivalent (APE).
Crude Oil Boosted by US SPR Buying and Defies Soft China Data. Higher WTI?
The crude oil price maintained the gains on a sliding US Dollar overnight after several Fed speakers expressed their differing views. If China continues to struggle, will WTI hold up?
Oil Rises as Tightening Supplies Compete with Economic Concerns
Wildfires in Canada shut in at least 300,000 boepd output Alberta fires expected to worsen, could knock off more output US to refill SPR after last mandated sale in June SINGAPORE, May 15 Reuters Oil prices rose a dollar a barrel on Monday on the prospect of tightening supplies in Canada and elsewhere, although recession […]