February 2024 – Page 30 – UAG Trade Asia

Nintendo Shares Slide on Reports of Delayed Switch Successor Release

February 19, 2024
Business
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TOKYO, Feb 19 Reuters Nintendo shares fell 6 on Monday after reports by games media and Bloomberg that its nextgeneration console will be delayed until early 2025 from later this year. While Nintendo has not commented on plans for a successor device beyond saying that it is always working on new hardware and software, the Kyotobased […]

February 19, 2024
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SHANGHAI, Feb 19 Reuters Shoppers visiting China39;s island province of Hainan spent a record 2.49 billion yuan 346.2 million on dutyfree goods over the eightday Lunar New Year holiday, data from Haikou Customs showed. That represents a yearonyear rise of 60, with the number of shoppers from Feb. 1017 reaching more than 297,000, each spending […]

February 19, 2024
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BEIJING, Feb 18 Reuters Tourism revenues in China during the Lunar New Year holidays that ended on Saturday surged by 47.3 yearonyear and surpassed 2019 levels, thanks to a domestic travel boom amid a longerthanusual break, official data showed on Sunday. The data may offer temporary relief to policymakers as the world39;s secondlargest economy has […]

February 19, 2024
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Dec core order 2.7 mm vs f39;cast 2.5 Core orders 0.7 yryr vs f39;cast 1.4 Govt keeps view machinery orders are 39;stalling39; JanMarch core machinery orders seen 4.6 qtrqtr TOKYO, Feb 19 Reuters Japan39;s core machinery orders in December rose slightly more than expected but remained down yearonyear, government data showed on Monday, although further […]

February 19, 2024
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Q4 GDP 1.7 yy vs 2.5 in Reuters poll Q4 GDP 0.6 qq sa vs 0.1 in poll 2023 growth was 1.9 vs 2.4 in poll 2024 GDP growth outlook cut to 2.2 to 3.2 from 2.7 to 3.7 Economic risks heighten chance of a rate cut analysts BANGKOK, Feb 19 Reuters Thailand39;s economy unexpectedly […]

February 17, 2024
Forecast
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Hotter-than-expected PPI figures on Friday added to stubborn CPI data on Tuesday, setting up the dollar for a positive week. Weekly and daily charts conflict for gold and silver

February 17, 2024
Business
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Feb 16 Reuters Coinbase Global shares jumped closer to a twoyear high on Friday after the crypto exchange posted its first quarterly profit since 2021, benefiting from a trading volume surge in the runup to the approval of spot bitcoin exchange traded funds ETFs. The stock rallied 14 to 189.28 and added more than 5 billion […]

February 17, 2024
Business
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Feb 15 Reuters Nike will cut about 2 of its total workforce, or more than 1,600 jobs, the sportswear giant said late on Thursday to lower expenses as demand for its shoes and sneakers comes under pressure. Higher rental and interest rates have led customers to cut back spending on highpriced goods, resulting in sportswear companies […]

February 17, 2024
Forecast
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The ECB is looking increasingly likely to the be the first major central bank to start cutting interest rates, and this will affect the value of the single currency

February 17, 2024
Oil
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LONDON, Feb 16 Reuters Oil steadied on Friday as slowing demand forecast by the International Energy Agency IEA offset support from geopolitical tensions and optimism that the U.S. Federal Reserve might cut interest rates sooner rather than later this year. On Thursday, the IEA said global oil demand growth was losing momentum and trimmed its […]

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Nintendo Shares Slide on Reports of Delayed Switch Successor Release

Spring Festival Spending on Chinas DutyFree Island Hits Record

Chinas Travel Spending During Lunar New Year Holidays Beats preCOVID Levels

Japan Dec Core Machinery Orders Rise, Recovery seen Limited

Thai Economy Shrinks, Adds to Rate Cut Case amid CB and PM feud

Gold, Silver Forecast: Metals Challenged by Stronger USD, Delayed Rate Cuts

Coinbase Shares near 2Y High as ETF Euphoria Boosts Trading Volume

Nike to Cut about 2 Jobs to Lower Costs as Demand Weakens

Euro Weekly Outlook: EUR/USD, EUR/GBP, EUR/JPY – Analysis and Forecasts

Oil Steadies, Weaker IEA Demand Ooutlook Offsets Rate Cut Hopes

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