July 2023 – Page 48 – UAG Trade Asia

27 of Jobs at High Risk from AI Revolution, says OECD

July 12, 2023
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PARIS, July 11 Reuters More than a quarter of jobs in the OECD rely on skills that could be easily automated in the coming artificial intelligence revolution, and workers fear they could lose their jobs to AI, the OECD said on Tuesday. The Organisation for Economic Cooperation and Development OECD is a 38member bloc, spanning […]

July 12, 2023
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LONDON, July 12 Reuters Britain39;s eight largest lenders have enough capital to ride out economic stress deeper than the 2008 financial crisis, the Bank of England BoE said on Wednesday, as the sector faces sharply rising interest rates pummelling consumers and businesses. The test checked if banks were holding enough capital to cope with theoretical shocks under […]

July 12, 2023
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LONDON, July 12 Reuters Britain39;s economy is so far proving resilient to a surge in interest rates over the past year and a half, but it will take time for the full impact to feed through, the Bank of England said on Wednesday. The Bank last month raised rates to 5 that had stood at […]

July 12, 2023
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BEIJING, July 12 Reuters China39;s export slump is expected to have accelerated in June, as sluggish overseas economies struggling with inflation and rising interest rates buy up fewer goods from Chinese factories. Outbound shipments from the world39;s secondlargest economy were projected to have fallen 9.5 yearonyear, following a drop of 7.5 in May, according to […]

July 12, 2023
Politics
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RBNZ sees rates on hold for 39;foreseeable future39; RBNZ says house prices now at 39;more sustainable levels39; RBNZ sees inflation back within 13 target by H2 2024 WELLINGTON, July 12 Reuters New Zealand39;s central bank held the cash rate steady at 5.5 on Wednesday, hitting pause as expected and flagging rates would be on hold […]

GBP/USD IG Client Sentiment: Our data shows traders are now at their least net-long GBP/USD since May 08 when GBP/USD traded near 1.26.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias.

July 12, 2023
Finance
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From the US to Europe and Hong Kong, commercial real estate has become the focus for investors trying to predict the next crisis after a decade of cheap borrowing came to an abrupt end.

US Dollar Slips While Japanese Yen Rallies Ahead of US CPI. New Lows for USD?

The US Dollar descent continued going into today’s much anticipated US CPI data point. The Japanese Yen has moved into the box seat with speculation of the BoJ shifting gears.

July 12, 2023
Business
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PARIS, July 11 Reuters Rival bidders seeking to take over struggling French retailer Casino will present on Tuesday their respective plans to rescue the group, two sources close to the matter said. Czech billionaire Daniel Kretinsky is vying against a consortium led by telecoms entrepreneur Xavier Niel, investment banker Matthieu Pigasse and businessman MoezAlexandre Zouari to […]

July 12, 2023
Business
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July 11 Reuters Daimler Truck set new financial targets for 2030 ahead of its Capital Markets Day on Tuesday, aiming for at least 12 adjusted returns for its industrial business under favourable conditions and 4060 revenue growth from 20252030. The truck and bus maker expects to generate over 3 billion euros 3.30 billion in revenue and […]

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27 of Jobs at High Risk from AI Revolution, says OECD

Stress test shows top 8 UK banks have enough capital, says BoE

Bank of England says UK Economy is Coping with Higher Rates

Chinas Export Slide to Steepen in June, Imports seen Down Reuters Poll

RBNZ Hits Pause at 5.5, Economists see Easing in 2024

GBP/USD IG Client Sentiment: Our data shows traders are now at their least net-long GBP/USD since May 08 when GBP/USD traded near 1.26.

Why a crisis is looming in commercial real estate

US Dollar Slips While Japanese Yen Rallies Ahead of US CPI. New Lows for USD?

Rival Billionaires to Detail Rescue Plans for Casino

Daimler Truck Targets above 12 Adjusted Returns by 2030

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