July 2023 – Page 64 – UAG Trade Asia

Foxconn Q2 Sales Slip 14, Q3 Outlook Brighter

July 5, 2023
Business
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TAIPEI, July 5 Reuters Taiwan39;s Foxconn, a major iPhone assembler for Apple Inc, said on Wednesday that second quarter revenue dropped 13.8 yearonyear but the outlook for the third quarter was brighter ahead of peak shopping season at the end of the year. Foxconn, formally called Hon Hai Precision Industry Co Ltd and the world39;s […]

July 5, 2023
Uncategorized
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MANCHESTER, England, July 5 Reuters Sick of customs delays and extra bureaucracy since Britain left the European Union, Farrat, a small manufacturer on the edge of Manchester, is ramping up investment to compensate in Germany. The maker of antivibration parts for buildings and machinery is growing fast, almost doubling its headcount in the English city […]

July 5, 2023
Uncategorized
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SHANGHAI, July 5 Reuters Chinese listed firms are embracing hedging at a record pace, according to consultancy data, as market volatility rises and China grows its derivative market. During the AprilJune period, more than 120 Chinalisted companies in nonfinancial sectors unveiled plans for the first time to hedge risk using tools such as options and […]

July 5, 2023
Uncategorized
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SHANGHAI, July 5 Reuters Chinese banking shares listed in Hong Kong tumbled on Wednesday after Goldman Sachs downgraded top lenders including Agricultural Bank of China AgBank in a report that raised questions over the sector39;s financial health. The Hang Seng Mainland Banks Index dropped more than 3, on track for its worst day in eight months. […]

July 5, 2023
Oil
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TOKYOSINGAPORE, July 5 Reuters Oil benchmark Brent fell on Wednesday, reversing some of the gains made after Saudi Arabia and Russia announced they would extend and deepen output cuts into August, as concerns over a global economic slowdown weighed on market sentiment. Brent was down 46 cents, or 0.6, at 75.79 a barrel by 0704 […]

July 5, 2023
Finance
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SEOUL, July 5 Reuters Shares in KPop management agencies fell on Wednesday, after South Korea39;s antitrust watchdog began investigations into any potential infractions of subcontracting rules when outsourcing production of albums and merchandise, Yonhap reported. The Korea Fair Trade Commission KFTC sent investigators to the offices of HYBE, SM Entertainment and YG Entertainment on Tuesday, Yonhap news […]

Crude Oil Range Bound Ahead of OPEC+ Gathering and FOMC Minutes

Crude oil prices appear somewhat in flux as traders look to today’s OPEC+ gathering that could see some market-moving headlines. The Fed’s FOMC meeting minutes may also provide some volatility.

Asia Day Ahead: Focus on FOMC Minutes as US Markets Reopen After Holiday

With the US markets back online from the Independence Day holiday, market focus will be on the FOMC minutes ahead.

July 4, 2023
Forecast
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The Canadian dollar’s rise against the US dollar above key resistance points to further gains on improving risk appetite amid resilient global growth, signs of a turnaround in commodity prices, and hopes of more stimulus from China.

July 4, 2023
Finance
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LONDON, July 4 Reuters Sterling steadied on Tuesday as traders waited for service sector data due on Wednesday and pondered whether any positive impact from expected higher interest rates on the British currency has run its course. In trading thinned by a bank holiday in the U.S., sterling edged 0.08 higher against the dollar at […]

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Foxconn Q2 Sales Slip 14, Q3 Outlook Brighter

Battling Brexit, some British Firms Turn to Invest in Europe

Chinese Companies Rush for Hedging as Market Volatilities Spike

China Bank Shares Slump in Hong Kong on Goldman Downgrades

Brent Drops as Economic Headwinds Outweigh Supply Cuts

Shares in KPop Agencies Fall on Report of Antitrust Probe

Crude Oil Range Bound Ahead of OPEC+ Gathering and FOMC Minutes

Asia Day Ahead: Focus on FOMC Minutes as US Markets Reopen After Holiday

Q3 Top Trade: Canadian Dollar Could Rise Further Against the US Dollar in the Third Quarter

Pound Steadies, Traders await Business Data Later this Week

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