October 2023 – Page 41 – UAG Trade Asia

IEA, OPEC Predictions of 2024 Oil Demand Growth Diverge Further

October 13, 2023
Oil
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IEA trims 2024 oil demand forecast to 880,000 bpd OPEC sticks to 2024 forecast of 2.25 million bpd IEA cites signs of demand destruction from higher prices LONDON, Oct 12 Reuters The gap between two leading oil forecasters39; views on 2024 demand growth widened on Thursday, with the International Energy Agency IEA predicting a sharper […]

October 13, 2023
Uncategorized
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Oct 12 Reuters A group of Japanese firms will issue a digital currency by July 2024 for the transaction and settlement of clean energy certificates, cryptocurrency exchange DeCurret said on Thursday. GMO Aozora Net Bank will issue the yenbased digital currency, called DCJPY, which will operate on a network launched by DeCurret. From next July, […]

October 13, 2023
Uncategorized
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Consumer price index increases 0.4 in September Shelter costs account for more than half of rise in CPI Core CPI gains 0.3; rises 4.1 yearonyear Weekly jobless claims unchanged at 209,000 WASHINGTON, Oct 12 Reuters U.S. consumer prices rose in September as rental costs surged, but a steady moderation in underlying inflation pressures supported financial […]

October 13, 2023
Uncategorized
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WASHINGTON, Oct 12 Reuters U.S. retirees and government benefits recipients will get a 3.2 increase next year, the federal government said on Thursday, announcing its smallest annual increase in three years after beneficiaries got a boost this year to keep up with inflation. The muchanticipated announcement of the annual cost of living adjustment COLA to […]

October 13, 2023
Uncategorized
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TAIPEI, Oct 12 Reuters Taiwan was waiting for a decision by the U.S. government on whether Taiwanese chipmakers will be allowed a waiver extension to supply U.S. chip equipment to their factories in China, Economy Minister Wang Meihua said on Thursday. Last October, the Biden administration published a sweeping set of export controls, including a […]

October 13, 2023
Politics
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WARSAW, Oct 12 Reuters Poland and the Czech Republic will extend temporary controls on their borders with Slovakia into November as countries seek to restrict the flow of illegal migrants. The Polish government has decided to extend the controls by 20 days to Nov. 2, the interior ministry said in a statement. Interior Minister Mariusz […]

October 12, 2023
Trading Strategies
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The Euro plunged the most since early October following US CPI data. In response, retail traders become more bullish EUR/USD. Is this a bearish signal for the exchange rate?

October 12, 2023
Business
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NEW YORK, Oct 12 Reuters Wells Fargo will expand access to a financial planning tool to its nearly 70 million customers after initially offering it to wealth clients earlier this year, the bank said on Thursday. The Life Sync tool allows mobile users to set and track financial goals, check their credit scores and connect with […]

October 12, 2023
Business
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MALMÖ, Sweden, Oct 12 Reuters China is still a key growth market for budget furniture retailer IKEA despite the world39;s secondlargest economy showing signs of strain, executives at the biggest IKEA store owner said on Thursday. China was for several years the fifth biggest market by revenue for Ingka Group, which runs most IKEA stores globally, […]

October 12, 2023
Business
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Oct 12 Reuters Atlassian said on Thursday it had agreed to acquire privately held video messaging platform Loom for about 975 million, beefing up its team collaboration tools to tap into resilient demand fueled by the adoption of hybrid work. Integration of Loom39;s technology into Atlassian software such as collaboration tools Jira and Confluence will help […]

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IEA, OPEC Predictions of 2024 Oil Demand Growth Diverge Further

Japan Firms to Issue Digital Currency for Clean Energy Transaction

US Consumer Prices Rise on Surge in Rents

U.S. Retirees to See 3.2 Rise in Annual Benefits in 2024

Taiwan says Awaiting US Announcement on China Chip Waiver Extension

Poland, Czech Republic Extend Border Controls with Slovakia

Euro Plunges After US CPI Data, Leaving EUR/USD at Risk Amid More Bullish Retail Bets

Wells Fargo Rolls Out Financial Planning Tool to almost 70M Customers

IKEA Sticks with China Despite Slowing Economy

Atlassian to Buy Video Messaging Provider Loom for nearly 1B

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