June 2023 – Page 23 – UAG Trade Asia

Yuan Falters, Dollar Firm ahead of Powell Testimony

June 21, 2023
Finance
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Dollar drifts higher Traders await UK CPI and Powell testimony SINGAPORE, June 21 Reuters The dollar was firmer on Wednesday leading in to Federal Reserve Chair Jerome Powell39;s appearance at Congress where he is expected to strike a hawkish tone, while sterling lingered below recent peaks ahead of key inflation data. British inflation data is […]

June 21, 2023
Finance
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LONDON, June 21 Reuters The pound seesawed on Wednesday, initially jumping after data showed UK inflation accelerated more than expected in May, then reversing gains, as concerns flared over the Bank of England39;s ability to protect the economy from stagnating. Sterling was up 0.1 on the day against the dollar at 1.281, having traded as […]

June 21, 2023
Finance
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FTSE 100 down 0.5, FTSE 250 off 0.7 June 21 Reuters UK shares fell on Wednesday as data signalling stubborn price pressures deepened concerns that the Bank of England may need to do more, with investors also awaiting fresh clues on the Federal Reserve39;s policy tightening plans from Chair Jerome Powell. Pressured by a firm […]

June 21, 2023
Finance
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BENGALURU, June 21 Reuters India39;s benchmark Sensex stock index hit a record high on Wednesday while the Nifty 50 inched towards its alltime high, amid persistent foreign inflows into Indian equities backed by the country39;s strong macroeconomic print. The SP BSE Sensex hit its alltime high at 63,588.31, before giving up some gains to stand at […]

June 21, 2023
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DUBLIN, June 21 Reuters Ireland39;s central bank hiked its 2023 core inflation forecast to 4.9 from 3.5 three months ago and expects the measure that is seen as a better gauge of the underlying price trend to slow gradually once it peaks later this year. While Irish inflation, as measured by the Harmonised Index of […]

June 21, 2023
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China to exempt NEV purchase tax in 20242025 Purchase tax exemption amount will be halved in 20262027 Auto shares rally after the announcement BEIJINGSHANGHAI, June 21 Reuters China unveiled on Wednesday a 520 billion yuan 72.3 billion package to boost sales of electric vehicles EVs and other green cars over the next four years to […]

June 21, 2023
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Reuters Groundbreaking on U.S. singlefamily homebuilding projects surged in May by the most in more than three decades and permits for future construction also climbed, suggesting the housing market may be turning a corner after getting clobbered by Federal Reserve interest rate hikes. Still, even with the Fed skipping a rate hike this month for […]

June 21, 2023
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Pilot scheme to begin with British lender HSBC Mastercard offers to partner with every bank in the world Total cards in circulation more than 25 bln analysts LONDON, June 21 Reuters Payments company Mastercard on Wednesday launched a global project to recycle credit and debit cards as part of a plan to save the billions of […]

June 21, 2023
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LONDON, June 21 Reuters Pay awards by British employers remained the highest in more than 30 years in the three months to May, keeping pressure on the Bank of England which looks set to raise interest rates again on Thursday in a bid to tame high inflation. Human resources data firm XpertHR said the median […]

June 21, 2023
Business
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Grab adapting to fastchanging environment CEO Cuts part of reorganisation to stay competitive Seeks to offer more affordable services Layoffs follow similar moves by Indonesia GoTo SINGAPORE, June 20 Reuters Singaporebased Grab Holdings, Southeast Asia39;s leading ridehailing and food delivery app, is cutting 1,000 jobs or 11 of its workforce, its CEO said on Tuesday, […]

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Yuan Falters, Dollar Firm ahead of Powell Testimony

Sterling Seesaws as Inflation Data Keeps Heat on BoE

London Stocks Open Lower as Data Deepens Rate Hike Concerns

Indias Sensex Hits AllTime High, Nifty 50 Eyes Record

Irish Central Bank Hikes Core Inflation Forecasts

China Unveils 72B Tax Break for Green Cars to Spur Demand

New US Home Construction Surges by most in 3 Decades in May

Mastercard Launches Global Plan to Recycle Credit Cards

UK Pay Settlements Hold at Record 6 XpertHR

Singapores Grab Cuts 1,000 Jobs to Stay Competitive

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