August 2024 – Page 34 – UAG Trade Asia

Oil Prices Edge Down on Surprise Rise in US Crude Stockpiles

August 15, 2024
Oil
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HOUSTON, Aug 14 Reuters Oil prices slipped on Wednesday after U.S. crude inventories rose unexpectedly and as worries eased slightly that a wider Middle East conflict could threaten production in one of the world39;s major regions for crude production. Brent crude futures were down 31 cents, or 0.4, to 80.38 a barrel by 100 p.m. […]

August 15, 2024
Finance
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Previous Trading Days Events 13.08.2024 Australia Wage Growth Wage Price Index up 4.1 YoY in Q2 2024, unchanged from Q1; public sector wages up to 3.9, private sector growth slows to 4.1. UK Claimant Count Unemployment claims rose by 135K to 1.801M in July 2024, surpassing the forecast of 14.5K; previous month revised to a […]

August 14, 2024
Business
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Carlsberg shares drop on bleak China outlook Shares at lowest level since March 2022 CEO cites tough market, 5 decline in China Despite weak Q2 sales, Carlsberg raises FY profit growth outlook COPENHAGEN, Aug 14 Reuters Carlsberg gave a gloomy outlook for the Chinese market where beer drinkers are increasingly opting out of the most expensive […]

August 14, 2024
Business
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BENGALURU, Aug 14 Reuters Indian budget carrier SpiceJet reported a drop in firstquarter profit on Wednesday, as it flew fewer passengers amid legal and financial troubles. The company reported a standalone profit of 1.50 billion rupees 17.9 million for the quarter ended June 30, down 26.7 from last year. This excludes the business of its subsidiaries, […]

August 14, 2024
Business
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Q2 net profit T35.05 bln vs T33 bln previous year Foxconn says development on track for Nvidia GB200 chip Forecasts AI servers to be next trilliondollar revenue product TAIPEI, Aug 14 Reuters Apple supplier Foxconn on Wednesday surpassed expectations with a 6 rise in quarterly net profit, driven by a boom in demand for AI servers, and […]

August 14, 2024
Uncategorized
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July trade deficit at 23.5 bln vs 20.98 bln in June July goods exports at 33.98 bln vs 35.20 bln in June July goods imports 57.48 bln vs 56.18 bln in June NEW DELHI, Aug 14 Reuters India39;s trade deficit widened in July, hurt by weak exports, government data showed on Wednesday, amid renewed […]

August 14, 2024
Uncategorized
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UK CPI rises to 2.2 in July from June39;s 2.0 Services inflation slows sharply to 5.2 from 5.7 Price pressures lower than BoE forecast this month Cost of hotels, air fares and roadside services fall Markets see 44 chance of a September rate cut LONDON, Aug 14 Reuters British consumer price inflation increased for the […]

August 14, 2024
Uncategorized
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BERLIN, Aug 14 Reuters Development of Germany39;s foreign trade business is likely to remain subdued for the foreseeable future, the economy ministry said in its monthly report, published on Wednesday. The latest data on exports of goods and services are once again disappointing and the early indicators for German foreign business are also largely subdued, […]

August 14, 2024
Finance
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Inside the Buy-Side David Rosenberg Founder and President of Rosenberg Research & Associates Inc. David is a financial economist who founded Rosenberg Research & Associates Inc., an economic consulting firm, in January 2020. Prior to Rosenberg Research, David was Chief Economist & Strategist at Gluskin Sheff + Associates Inc. from 2009 to 2019 and was…

August 14, 2024
Finance
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South Koreans resume yearslong trend of buying US stocks Recent markets rout unlikely to deter Korean buying of US stocks Koreans hold Tesla the most, followed by Nvidia and Apple Retail selloff in the domestic market biggest on record SEOUL, Aug 14 Reuters South Korea39;s momandpop investors are defying last week39;s global financial markets rout […]

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Oil Prices Edge Down on Surprise Rise in US Crude Stockpiles

RBNZ Slashes Rates by 25bps to 5.25; Focus Shifts to Key UK and US Data

Carlsberg Shares Hit 29mth Low on Gloomy Chinese Beer Outlook

Indian Carrier SpiceJets Q1 Profit Drops on Fewer Flights

Apple Supplier Foxconns Profit Beats Forecasts as it Rides AI Boom

Indias July Merchandise Trade Deficit Widens amid Global Headwinds

UK Inflation Picks Up Less than Expected, Boosting Rate Cut Bets

German Ministry Warns of Subdued Foreign Trade in Coming Months

Inside the Buy-Side: David Rosenberg

Shunning Home Markets, S.Korean Retailers PileUp on US Stocks

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