February 2024 – Page 50 – UAG Trade Asia

Pound Rises as Higher House Prices Underpin Hawkish BoE View

February 8, 2024
Finance
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LONDON, Feb 7 Reuters Sterling rose on Wednesday after data showing rising house prices in Britain supported bets that the Bank of England BoE was not likely to cut interest rates any time soon. British house prices rose 2.5 in the year to January, the strongest annual growth rate for a year, according to data […]

February 8, 2024
Finance
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LONDONFRANKFURT, Feb 7 Reuters German defence contractor Renk and Greece39;s Athens International Airport AIA soared in their market debuts on Wednesday, in a boost for Europe39;s bruised IPO market. Shares in Renk, a producer of tank gearboxes, closed at 19.65 euros Wednesday afternoon, 31 higher than the price paid by investors in a private placement ahead of […]

February 7, 2024
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BERLIN, Feb 7 Reuters The United States is set to overtake China as Germany39;s most important trade partner by 2025 at the latest if current trends continue, according to the head of foreign trade at the German Chamber of Industry and Commerce DIHK. German exports and imports to China together totalled around 253 billion euros […]

February 7, 2024
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World stocks gain Dollar eases, oil prices rise More Fed speakers, major earnings on the docket NEW YORKLONDON, Feb 7 Reuters Global equities rose to a more than twoyear high and the SP 500 touched a record peak on Wednesday, as strong earnings offset jitters related to U.S. regional banks and China markets. Bonds were […]

February 7, 2024
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LONDON, Feb 6 Reuters British construction firms turned their most optimistic in two years as the prospect of interest rate cuts raised hopes of a turnaround in the sector, a survey showed on Tuesday. The SP GlobalCIPS UK Purchasing Managers39; Index39;s headline measure of the construction industry improved to 48.8 in January from 46.8 in […]

February 7, 2024
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Feb 7 Reuters The European Central Bank must be patient with cutting interest rates as inflation could flare up again and recent data confirm fears that the 39;last mile39; of getting price growth down will be the hardest, ECB board member Isabel Schnabel told the Financial Times. The ECB has been holding interest rates at […]

February 7, 2024
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FRANKFURTCOPENHAGEN, Feb 7 Reuters The world39;s three biggest wind power groups on Wednesday gave a sober view of the year ahead, citing ongoing challenges in the maturing sector that continues to suffer from project delays, equipment issues and inflation. Siemens Energy, the world39;s largest maker of offshore wind turbines, expects a 2024 loss before special […]

February 7, 2024
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Feb 7 Reuters German industrial production fell more than expected in December, the federal statistics office said on Wednesday, marking the seventh monthly decline in a row and highlighting weakness in the backbone of Europe39;s largest economy. Industrial production fell in December by 1.6 compared with the previous month. Analysts polled by Reuters had predicted […]

February 7, 2024
Business
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Reuters Rating agency Moody39;s downgraded New York Community Bancorp39;s all longterm and some shortterm issuer ratings to junk on Tuesday and warned of further downgrades. The agency also downgraded all longterm and some shortterm ratings and assessments of its lead bank, Flagstar Bank. Moody39;s downgraded NYCB39;s ratings from Baa3 to Ba2, which is considered a junk […]

February 7, 2024
Business
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DETROIT, Feb 6 Reuters Ford Motor shares jumped on Tuesday after the automaker said it will return more cash to shareholders, starting with an extra 18 centspershare dividend in the first quarter, joining General Motors in giving investors more of the cash spinning from North American combustion trucks. Ford forecast 10 billion to 12 billion in pretax […]

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Pound Rises as Higher House Prices Underpin Hawkish BoE View

Renk, Athens Airport Debuts Boost Europes IPO Market

US Set to Overtake China, Germanys Top Trade Partner DIHK

Global Stocks Hit TwoYear Highs, as Dollar Eases

UK Builders most Optimistic in 2Y on Rate Cut Hopes PMI

ECB must be Patient with Rate Cuts, Schnabel Tells FT

Wind Power Giants Give Bleak View of 2024 as Challenges Persist

German Industrial Output Falls more than Expected in Dec

Moodys Cuts NYCB Ratings to Junk, Warns of more Downgrades

Ford Slows EVs, sends a Truckload of Cash to Investors

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