November 2023 – Page 24 – UAG Trade Asia

UAW says 64 of Workers Vote to Ratify Detroit Three Contracts

November 21, 2023
Business
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Nov 20 Reuters The United Auto Workers UAW union said Monday that 64 of workers at the Detroit Three automakers voted to ratify new contracts. The votes lock in the UAW39;s tentative agreements with the automakers through April 2028, which include a 25 increase in base wages and will cumulatively raise the top wage by […]

November 21, 2023
Business
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Nov 20 Reuters McDonald39;s said on Monday it would acquire investment firm Carlyle39;s 28 stake in a partnership that manages its business in mainland China, Hong Kong and Macau, as the burger chain looks to simplify its structure in the region. The deal will help McDonald39;s raise its holdings to 48, while a consortium led by statebacked […]

November 21, 2023
Business
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Nov 20 Reuters Wells Fargo employees at two of the bank39;s branches filed for union elections on Monday, laying the groundwork for potential unionization in an industry that has largely been immune to such labor campaigns. In a petition to the National Labor Relations Board NLRB, bankers and tellers at Wells Fargo branches in Albuquerque, New […]

November 21, 2023
Business
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OSLO, Nov 17 Reuters Shares of Swedish automaker Volvo Cars fell as much as 14 to a record low on Friday after its majority shareholder, China39;s Geely, sold a small part of its stake at a deep discount to the previous day39;s closing price. Geely on Thursday launched a placing of 100 million Volvo Cars shares, […]

November 21, 2023
Uncategorized
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TOKYO, Nov 20 Reuters Japan39;s big employers are set to follow this year39;s bumper pay hikes with another round in 2024, which are expected to help lift household spending and give the central bank the conditions it needs to finally roll back massive monetary stimulus. Early indications from businesses, unions and economists suggest the labour […]

November 20, 2023
Finance
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JOHANNESBURG, Nov 20 Reuters South Africa39;s rand weakened on Monday, with investors looking ahead to inflation data and the central bank39;s interest rate decision due later in the week. At 1518 GMT, the rand traded at 18.3900 against the dollar , about 0.3 weaker than its previous close. Local focus will be on inflation figures […]

November 20, 2023
Finance
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MUMBAI, Nov 20 Reuters The Indian rupee was little changed on Monday as sustained dollar demand from importers kept the local unit sticky even as the dollar index slumped to its lowest level in over 2 months. The rupee was at 83.2675 against the U.S. dollar as of 1040 a.m. IST. It closed at 83.27 […]

November 20, 2023
Finance
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Nov 20 Reuters Major stock markets in the Gulf fell in early trade on Monday as the markets have already priced in global monetary policy easing for next year. Markets have all but priced out the risk of a further hike in U.S. policy interest rates in December or next year, and imply a 30 […]

November 20, 2023
Politics
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SHANGHAISINGAPORE, Nov 20 Reuters China left benchmark lending rates unchanged at a monthly fixing on Monday, matching expectations, as a weaker yuan continued to limit further monetary easing and policymakers waited to see the effects of previous stimulus on credit demand. Recent data shows the recovery in the world39;s secondlargest economy remains patchy with industrial output and […]

November 20, 2023
Finance
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The unfolding of our broadly weaker dollar outlook in a risk-on market context, if confirmed, would help pound believers in 2024.

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UAW says 64 of Workers Vote to Ratify Detroit Three Contracts

McDonalds to Acquire Carlyles Stake in China Unit

Wells Fargo Employees at Two Branches Mount Unionization Campaign

Volvo Cars Shares Drop to Record Low as Geely Trims Stake

Japans BacktoBack Wage Bonanza Would Open Door for BOJ Exit

S.African Rand Weakens as CPI Data, Rate Decision Awaited

Rupee Flat Even as Dollar Slumps to over 2Month Low

Major Gulf Markets Ease, Saudi to Snap 4Day Winning Streak

China Keeps Lending Benchmark Rates Unchanged, as Expected

Contemplating a brighter sterling outlook

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