Gold Weekly Forecast: XAU/USD Bull Trend Refuses to Quit
Gold trades higher, seemingly impervious to the dollar’s strength and elevated US yields. Buoyed by safe haven appeal and central bank buying, XAU/USD uptrend persists
Euro Weekly Forecast: Geopolitics and Heavyweight US Data Will Run EUR/USD Next Week
The European Central Bank has made it clear that interest rates are coming down, with the June meeting very much a live event, but the Middle East crisis and a slew of high US data will control EUR/USD next week.
China Moves to Boost Foreign Investment in Domestic Tech Companies
BEIJING, April 19 Reuters China published measures on Friday aimed at promoting overseas investment in its technology sector, in a latest bid to attract foreign investors amid signs some are considering shifting away from the world39;s secondlargest economy. China will support overseas institutions to issue yuan bonds in the country, and also encourage tech companies, […]
IMF Urges Italy, France to Spend Less, Germany to Loosen Purse Strings
IMF takes aim at Italy39;s Superbonus incentive Global lender says France should end energy subsidy Sees fiscal space in Germany WASHINGTON, April 19 Reuters Italy and France should cut spending faster than they currently plan to keep debt under control while Germany should loosen its own purse strings to revive growth, the International Monetary Fund […]
European Soft Landing is in Reach but not Assured, IMF says
April 19 Reuters A soft landing of easing inflation with moderate economic cost is within reach for European economies but is far from assured, with the recovery so far showing itself to be tentative in most economies across the region, the International Monetary Fund said on Friday in a report detailing Europe39;s outlook. On the […]
Feds RateCut FootDragging Grates on Global Peers at IMF Meetings
WASHINGTON, April 19 Reuters Finance chiefs from economies large and small are scrambling to keep pace with the Federal Reserve39;s rapid resetting of ratecut expectations as U.S. inflation data roils markets from London to Brazil. All insist they are setting policy independently of the Fed and basing it on local conditions. But those conditions are […]
Chinese Carmaker Chery says Spanish Plant to be among Main Export Facilities Worldwide
BARCELONA, April 19 Reuters Chinese carmaker Chery said on Friday a newlyacquired Barcelona plant will be one of its main exporting facilities worldwide, aiming to produce 150,000 vehicles a year by 2029 in a joint venture with Spanish firm EV Motors. Production will begin at the end of the summer at a plant that Japanese […]
Italys BPER Picks Former UniCredit Exec Papa as new CEO
MILAN, Reuters BPER Banca said its newly elected board would meet later on Friday to appoint a new chief executive, as former UniCredit manager Gianni Franco Papa prepares to take the reins at Italy39;s fourthlargest bank. Papa, 68, was a former general manager at UniCredit and had already been sitting on BPER39;s outgoing board. Papa has been […]
LOreal Shares Shine after Sales Beat Expectations
Growth in North America eases concerns about US slowdown Massmarket beauty products did better than luxury Shares had lost 6 this year up to Thursday39;s close PARIS, April 19 Reuters Shares in L39;Oreal rose 5 on Friday after the French cosmetics giant beat expectations with a strong rise in first quarter sales, allaying concerns about a […]
Fifth Third Bancorps Quarterly Profit Falls on Lower Interest Income
April 19 Reuters Fifth Third Bancorp posted a 10 drop in firstquarter profit on Friday as higher deposit costs weighed on the lender39;s interest income. Regional banks have steadily increased the interest rates they offer on deposit accounts to retain customers looking for greater returns by parking their money in higheryielding alternatives. Cincinnati, Ohiobased Fifth Third39;s […]