May 2024 – Page 39 – UAG Trade Asia

Conflict, High Borrowing Costs Clip Growth in EBRD Regions

May 15, 2024
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LONDON, May 15 Reuters Two wars and high borrowing costs have trimmed expected growth in countries covered by the European Bank for Reconstruction and Development EBRD, the bank said in a semiannual report released on Wednesday. The EBRD, which covers economic trends across emerging Europe, central Asia, the Middle East and Africa, still expects economic […]

May 15, 2024
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BENGALURU, May 14 Reuters India39;s Siemens Ltd said on Tuesday it will demerge its energy business into a separate listed entity to focus on core businesses that meet the demands of shareholders at its German parent, Siemens AG. Siemens Ltd in December 2023 had said that it was exploring a spinoff of its energy business at the behest […]

May 15, 2024
Business
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BENGALURU, May 14 Reuters Colgate Palmolive India reported a 20 rise in fourthquarter profit on Tuesday, helped by price hikes and higher demand for its personal care products, mainly toothpastes. Net profit rose to 3.80 billion rupees 45.5 million for the JanuaryMarch period, from 3.16 billion rupees a year earlier. Consumer product makers like Colgate Palmolive […]

May 15, 2024
Business
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SAO PAULO, May 14 Reuters Brazilian airline Gol reported on Tuesday a firstquarter recurring net loss of 130.2 million reais 25.39 million, swinging into the red after a 136.4 millionreal net profit a year ago, mainly hit by financial expenses. Gol filed for Chapter 11 bankruptcy protection in the United States in January as it struggles with a […]

May 14, 2024
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BERLIN, May 14 Reuters German investor morale improved more than expected in May, reaching its highest level since February 2022, when Russia invaded Ukraine, the ZEW economic research institute said on Tuesday. The economic sentiment index rose to 47.1 points from 42.9 in April. Analysts polled by Reuters had expected a May reading of 46.0. […]

May 14, 2024
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May 14 Reuters Traders on Tuesday pared bets the Federal Reserve will deliver a first interestrate cut in September after a government report showed wholesale prices rose more than expected in April. The 0.5 increase in last month39;s producer price index from a month earlier provided little comfort that progress on inflation had resumed after […]

May 14, 2024
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AMSTERDAM, May 14 Reuters Euro zone price pressures continue to ease, giving European Central Bank policymakers increased confidence inflation will ease back to target next year, Dutch central bank chief Klaas Knot said on Tuesday. The ECB has all but promised to start cutting interest rates from record highs next month but the path further […]

May 14, 2024
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TOKYO, May 14 Reuters The International Monetary Fund IMF said Japan39;s commitment to allow the yen to move flexibly will help the central bank focus on achieving price stability, warning against growing calls by some analysts to use monetary policy to slow the currency39;s decline. The IMF39;s executive board also said further hikes in the […]

May 14, 2024
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Businesstobusiness wholesale prices up 0.9 in April yryr Yenbased import goods prices jump 6.4 in April yryr Weak yen, fading subsidies to keep wholesale prices in uptrend Many analysts expect BOJ to hike rate again by October survey TOKYO, May 14 Reuters Japan39;s wholesale inflation held steady at 0.9 in April as the yen39;s declines […]

May 14, 2024
Finance
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Previous Trading Days Events 13.05.2024 Winners vs Losers Silver is on the top of the winners list with 0.98 gains. It leads this month as well with 7.92 gains. JPY pairs JPY as quote are following since JPY weakens further and quite significantly raising the chances of another intervention. News Reports Monitor Previous Trading Day […]

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Conflict, High Borrowing Costs Clip Growth in EBRD Regions

Siemens India Arm to List Energy Business into Separate Entity

ColgatePalmolives India Unit Posts Q4 Profit Rise on Price Hikes, Healthy Demand

Brazil Airline Gol Swings to net Loss in First Quarter

German Investor Morale Hits TwoYear High in May

Traders Pare Bets on Sept Start to Fed Rate Cuts

Easing Euro Zone Inflation Creates Room for Rate Cuts, ECBs Knot

IMF Endorses Japans Commitment to Flexible Yen

Japans Firm Wholesale Inflation Keeps Alive nearTerm Rate Hike Risks

New Zealands One and TwoYear ahead Inflation Expectations Decreased, JPY Still Weakening, Crude Oil Corrects to Upside, Gold Retreats, U.S. Stocks Stable

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