Australian Dollar Outlook: AUD Crunched with US Dollar Back on Top
The Australian Dollar collapsed to end last week with the US Dollar finding favour with increasing bets that the Fed will be cutting the target rate later this year.
Exploring opportunities and challenges in the Korean ETP market
Bloomberg recently convened a thought-provoking forum to explore the opportunities and challenges presented by the Korean Exchange Traded Products (ETPs) market.
Oil Stabilises as Supply Deficit Counters Demand Fears
TOKYO, May 12 Reuters Oil prices stabilised on Friday and were set to end the week flat as the market balanced supply fears against renewed economic concerns in the United States and China. Brent crude futures was down 5 cents, or 0.07, at 74.93 a barrel by 1145 GMT. West Texas Intermediate WTI U.S. crude […]
Here’s why euro-dollar bulls are tired, and what to do about it
Last week’s Fed and ECB policy messages didn’t get the euro-dollar beyond $1.10, but the cyclical narrative remains supportive and this is a time to be patient, and maybe diversify, not give up.
Honda sees FullYear Profit Rising 19 after Missing Forecasts in Q4
TOKYO, May 11 Reuters Japan39;s Honda Motor Co on Thursday forecast a 19.1 rise in operating profit for this business year, after it missed analysts39; estimates in the fourth quarter. Japan39;s secondbiggest automaker forecast fullyear operating profit rising to 1.0 trillion yen 7.40 billion compared with a 985.62 billion yen average profit expected by 21 analysts. […]
Apple to Open 1st Online Shop in Vietnam in Push to Emerging Market
May 12 Reuters Apple said on Friday it would open its first online store in Vietnam next week, as the iPhone vendor doubles down on emerging markets to drive growth amid slowing sales in China. The opening on May 18 comes just weeks after the Cupertino, Californiabased company opened its first Apple stores in India Mumbai and […]
G7 Finance Chiefs Debate Reducing Supply Chain Reliance on China
Washington pushing for targeted controls on investment to China Germany, Japan lukewarm on idea given impact on their economies Germany voices hope for 39;grownup39; decision on U.S. debt woes G7 debated bank system risk, investment curbs Japan official NIIGATA, Japan, May 12 Reuters Finance leaders of the Group of Seven G7 advanced economies discussed the […]
UK Economy Makes Slow Start to 2023 as Inflation Headwinds Persist
UK GDP grows 0.1 in Q1 2023, matching forecasts Economy unexpectedly shrank by 0.3 in March Strikes and weak retail weigh on economy GDP remains 0.5 below Q4 2019 level LONDON, May 12 Reuters Britain39;s economy grew sluggishly in early 2023, better than the shallow recession once expected, but an unexpectedly sharp drop in output […]
Share of ECars Imported from China into Germany more than Triples
BERLIN, May 12 Reuters The market share of electric cars shipped to Germany from China more than tripled in the first quarter, the German statistics office said on Friday, a worrying sign for German carmakers struggling to keep up with their fastmoving Chinese peers. From January to March, 28.2 of passenger cars with electric motors […]
Dollar Heads for Biggest Weekly Gain since February
SINGAPORE, May 12 Reuters The U.S. dollar was little changed on Friday but was heading for its biggest weekly gain since February. The euro was down marginally against the dollar at 1.091, after falling to its lowest since April 11 the previous day at 1.09. Analysts said that the dollar may have benefited from its […]