June 2023 – Page 29 – UAG Trade Asia

Scores Die in Northern India as Heat Wave Scorches Region

June 19, 2023
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LUCKNOW, India, June 19 Reuters At least 54 people died in a district in the northern Indian state of Uttar Pradesh over the last few days, the Times of India newspaper reported on Monday, as authorities probed if the loss of lives was due to the heat wave in the region. Another 45 people died […]

June 19, 2023
Business
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Siemens to invest in new factories around the world Company also stepping up RD spending CEO says investment reflects strong order book Siemens wants to increase resilience of business SINGAPOREZURICH, June 15 Reuters Siemens will spend 2 billion euros 2.2 billion on a new global investment plan, the German engineering group said on Thursday, to make […]

June 19, 2023
Business
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Reuters SVB Financial Group said on Sunday it has entered into an agreement to sell its investment banking division, SVB Securities, to a group led by Jeff Leerink and backed by funds managed by The Baupost Group. The bidder group led by Leerink, who is chief executive of SVB Securities, will acquire the investment banking business […]

June 19, 2023
Oil
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SINGAPORE, June 19 Reuters Global oil prices fell more than 1 on Monday, backing off last week39;s gains, as questions over China39;s economy outweighed OPEC output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States. Brent crude was down 78 cents, or 1, to trade […]

June 19, 2023
Finance
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PREVIOUS TRADING DAY EVENTS 15 June 2023 Announcements New Zealand enters a technical recession. New Zealands Gross domestic product GDP fell 0.1 in the first quarter, according to government data published on Thursday. It experienced two consecutive quarters of contraction. The reported figure was in line with market expectations and gave traction to the central […]

June 19, 2023
Finance
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BENGALURU, June 19 Reuters The Indian rupee inched lower on Monday, tracking the decline on Asian peers, while traders eyed clues on the Federal Reserve rate hike path this year from its chief39;s congressional testimony this week. The rupee was trading at 81.99 per dollar by 1024 a.m. IST after closing at 81.93 in the […]

June 19, 2023
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LONDON, June 19 Reuters Britain39;s main manufacturing trade body Make UK revised up its outlook for this year on Monday thanks to strong demand for aircraft and electronics, but said it still expects production to fall over the year as a whole. Make UK said it expected factory output to fall 0.3 this year compared […]

June 19, 2023
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SEOUL, June 19 Reuters South Korea39;s central bank said on Monday that upward risks to core inflation were a little high amid strong consumption and employment trends, raising the prospect of higher inflation lasting longer than expected. While there is high uncertainty regarding global energy prices, domestic and global economic growth and public price hikes […]

Australian Dollar Softens After Bull Run. Will AUD/USD Test Support Levels?

The Australian Dollar rolled over to start this week after a blitz higher on the back of a weaker US Dollar. If momentum remains intact, will AUD/USD make new highs?

Asia Day Ahead: Wall Street Rally Pauses Ahead of Series of Fedspeak

With the conclusion of the recent Federal Open Market Committee (FOMC) meeting, a series of hawkish Fedspeak is lined up on the horizon.

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Scores Die in Northern India as Heat Wave Scorches Region

Siemens to Spend 2.2 bln to Ramp Up Global Production

SVB Agrees to Sell its Investment Banking Division

Oil Slides more than 1 on China Growth Uncertainties

ECBs MRR As Expected, New Zealand In Technical Recession, USD Loses Strength, Stocks Jump, Metals Higher.

Rupee Dips Tracking Asia FX, Eyes Fed Chief Testimony this Week

UK Manufacturers Lift 2023 Outlook, Boosted by Aircraft and Electronics

Bank of Korea Flags Upward Risks to Core Inflation

Australian Dollar Softens After Bull Run. Will AUD/USD Test Support Levels?

Asia Day Ahead: Wall Street Rally Pauses Ahead of Series of Fedspeak

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