December 2023 – Page 53 – UAG Trade Asia

CLS to Decide Whether to Delay FX Settlement Cutoff in Q1

December 5, 2023
Business
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NEW YORK, Dec 4 Reuters CLS, the largest multicurrency settlement system for FX trades globally, will decide in the first quarter of 2024 if it can delay settlement instructions for currency trades, potentially giving some reprieve to foreign asset managers at risk of failed transactions because of a U.S. stock market rule change. Currency trades […]

December 5, 2023
Business
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Dec 4 Reuters International Business Machines on Monday showed a new quantum computing chip and machine that it hopes will serve as the building blocks of much larger systems a decade from now. Researchers around the world are trying to perfect quantum computing, which relies on quantum mechanics to reach computing speeds far faster than classical […]

December 5, 2023
Business
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Dec 4 Reuters Caterpillar is investing in recycling technology developer Nth Cycle as part of a push to boost the reuse of metals used to make batteries and construction equipment. The investment, announced on Monday, comes as part of a 44 million Series B round of financing in privatelyheld Nth Cycle, which is among a crop […]

December 5, 2023
Business
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Dec 4 Reuters Ladbrokesowner Entain said on Monday it is targeting a core profit of 500 million in 2026 at its U.S. sportsbetting service BetMGM, which it jointly owns with MGM Resorts. The online sports betting sector has rebounded as live sporting events returned after the pandemic. Gambling firms have also been beefing up their offerings […]

December 5, 2023
Business
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BEIJINGSHANGHAI, Dec 4 Reuters Sales of U.S. automaker Tesla39;s Chinamade electric vehicles EVs skidded 17.8 in November from the same month a year earlier, to 82,432 cars, China Passenger Car Association CPCA data showed on Monday. That marked the biggest fall since December 2022 when Tesla39;s sales of Chinamade EVs fell 21 on the year as […]

December 5, 2023
Finance
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JOHANNESBURG, Dec 4 Reuters The South African rand was weaker in early trade on Monday against a stronger dollar ahead of a datafilled week both locally and abroad. At 0705 GMT, the rand traded at 18.6800 against the dollar , about 0.3 weaker than its previous close. The dollar last traded around 0.2 stronger against […]

December 4, 2023
Uncategorized
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LONDON, Dec 4 Reuters Britain proposed on Monday permanent, postBrexit rules for investment funds from the European Union that want to continue marketing themselves to retail investors in the UK, including spelling out limitations to compensation. After Britain left the EU, it gave temporary permission for EUbased investment funds known as UCITS to continue taking […]

December 4, 2023
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LONDON, Dec 4 Reuters Britain needs a new economic strategy to reverse 15 years of falling living standards and worsening inequality, a leading think tank and an academic research centre said on Monday. British productivity growth has been half that of other rich economies, costing workers an average of 10,700 pounds 13,577 a year in […]

December 4, 2023
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BRUSSELS, Dec 4 Reuters Electric vehicle drivers hoping to top up their batteries at one of Repsol39;s 1,600 Spanish charging stations might well be disappointed, with nearly half lying dormant because they have no power connection. Such gaps are evident across the European Union, where last week the European Commission announced plans to upgrade the bloc39;s power grids. […]

December 4, 2023
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BERLIN, Dec 4 Reuters German exports unexpectedly fell in October, edging down 0.2 on the previous month as demand in the European Union slumped, data from the federal statistics office showed on Monday. The result compared with a forecast 1.1 increase in a LSEG poll, following a strong 2.5 fall in September. Exports to EU […]

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CLS to Decide Whether to Delay FX Settlement Cutoff in Q1

IBM Shows new Quantum Computing Chip, Targeting 2033 for Large Systems

Caterpillar Invests in Tech Startup Nth Cycle to Boost Recycling

BetMGM sees 500 mln Profit in 2026, Joint Owner Entain says

Teslas ChinaMade EV Sales Fall 17.8 in Nov

South African Rand Weaker ahead of Busy Local, US Data Week

Britain Sets Out Marketing Rules for EU Investment Funds in the UK

UK Needs new Plan to Reverse Hit to Living Standards, Researchers

EV Charging Growth Plans Slowed by EUs Power Grid Problems

German Exports Unexpectedly Drop in October

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