India’s currency outperforms, enters JPMorgan bond index
This year, the rupee has been Asia’s best currency, with Bloomberg Economics expecting additional gains ahead.
Global Lithium Sector Eyes Argentinas Salt Flats on Tech Test Run
SALAR CENTENARIO, Argentina, July 10 Reuters In a dusty plain in northern Argentina39;s mountains, black tubes stretching two stories high fill a massive tank with salty brine sucked from deep below ground. The brine contains lithium, a silvery white metal essential for making electric vehicle batteries and in high demand as the world shifts to […]
China and Brazil to Try Out Beef Traceability Plan
BEIJING, July 10 Reuters China, the world39;s largest beef importer and Brazil, the biggest supplier, will set up a pilot scheme as part of efforts to make beef production more sustainable, state media said on Wednesday. Beef is regarded as one of the most emissionsintensive forms of food, especially in Brazil where food production has […]
Japans Wholesale Inflation Picks Up as Weak Yen Raises Import Costs
June wholesale prices up 2.9 yryr, matching forecast Wholesale price index renews record high for 7th month Yenbased import prices in June rise 9.5 yryr Data among factors BOJ will scrutinise at July 3031 meeting TOKYO, July 10 Reuters Japan39;s wholesale inflation accelerated in June as the yen39;s declines pushed up the cost of raw […]
Two Hong Kong IPO Debutants Sink 15, Mood Remains Negative
SYDNEY, July 10 Reuters Two Chinese companies sunk by 15 in their Hong Kong initial public offerings IPO debuts on Wednesday, while a small Chinese petroleum refiner soared nearly 30 as sentiment towards new share sales in the city remains volatile. Chenqi Technology opened down 14.3 and Shanghai Voicecomm sunk 15.4 in early trade on Wednesday. Ruichang […]
China June Consumer Inflation Misses Forecasts amid Anaemic Demand
June CPI 0.2 yy versus 0.4 yy Reuters poll forecast June PPI 0.8 yy versus 1.4 yy in May Economists expect more policy easing in coming months BEIJING, July 10 Reuters China39;s consumer prices grew for a fifth month in June but missed expectations, while producer price deflation persisted, with domestic demand mired on a […]
S.African Rand Edges Lower after Comments by Feds Powell
JOHANNESBURG, July 9 Reuters The South African rand edged lower on Tuesday after Federal Reserve Chair Jerome Powell did not give a clear indication on whether the U.S. central bank would cut interest rates soon. At 1512 GMT, the rand traded at 18.1350 against the dollar , down 0.1 from its previous close. Investors were […]
Sterling Steady at 1mth Highs as Powell Remarks Dent Dollar
LONDON, July 10 Reuters The pound held near onemonth highs on Wednesday, supported by the belief among investors that U.S. interest rates are set to fall sooner than many had predicted, which dented the dollar. Two Bank of England policymakers speak later in the day, which may offer the pound more nearterm direction. BoE chief […]
Dollar Firms on Powell Caution; Kiwi Droops on Dovish RBNZ
TOKYO, July 10 Reuters The dollar was on the front foot on Wednesday, but hovered near a threeweek low, as the cautious tone from Federal Reserve Chair Jerome Powell kept risk sentiment in check, while the New Zealand dollar weakened at the prospect of a rate cut there. In the first day of his testimony to Congress overnight, Powell […]
London Stocks Climb as Investors Take in Corporate Updates; Powells Comments in Focus
FTSE 100 up 0.3, FTSE 250 up 0.2 Precious metal miners lead broader gains Barratt Developments falls after forecasting fall in homebuild targets US Fed Chair Powell39;s comments on tap July 10 Reuters London stocks rebounded on Wednesday amid broadbased gains after a slew of corporate updates, while investors awaited Federal Reserve Chair Jerome Powell39;s […]