September 2024 – Page 4 – UAG Trade Asia

Campari CEO Leaves after only Five Months, Sector Struggles

September 19, 2024
Business
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Campari CEO quits just months after taking role Predecessor to chair leadership transition committee Shares fall further after weakness in recent months MILAN, Sept 18 Reuters Campari CEO Matteo Fantacchiotti abruptly quit on Wednesday after only five months in charge of the Italian spirits group, with the company citing personal reasons for his departure. Shares in […]

September 18, 2024
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Singlefamily housing starts jump 15.8 in August Permits for future singlefamily building rise 2.8 WASHINGTON, Sept 18 Reuters U.S. singlefamily homebuilding rebounded sharply in August, but a moderate increase in building permits suggested that the momentum was unlikely to be sustained against the backdrop of rising supply of new homes on the market. The jump […]

September 18, 2024
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SYDNEY, Sept 18 Reuters Australia39;s central bank has decided to prioritise work on a wholesale central bank digital currency CBDC as its economic benefits are judged to outweigh those of a retail version, a top policymaker said on Wednesday. In a conference speech, Reserve Bank of Australia RBA Assistant Governor Brad Jones announced the launch […]

September 18, 2024
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LONDON, Sept 18 Reuters British house prices rose by an annual 2.2 in July, the fifth monthly rise in a row but the pace of increase cooled and was below a revised 2.7 increase in the 12 months to June, the Office for National Statistics said on Wednesday. The ONS said house prices in London […]

September 18, 2024
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WASHINGTON, Sept 18 Reuters The Biden administration plans to convene a global safety summit on artificial intelligence, it said on Wednesday, as Congress continues to struggle with regulating the technology. Commerce Secretary Gina Raimondo and Secretary of State Anthony Blinken will host on Nov. 2021 the first meeting of the International Network of AI Safety […]

September 18, 2024
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NEW DELHI, Sept 18 Reuters Staterun Coal India is scouting for critical minerals in Argentina and is in talks with officials in Chile for lithium, India39;s federal mines secretary V. L. Kantha Rao said on Wednesday. India has been exploring ways to secure supplies of lithium, a critical raw material used to make electric vehicle batteries. […]

September 18, 2024
Politics
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Bank Indonesia cuts policy rate by 25 bps to 6.00 BI decision comes hours before anticipated Fed rate cut Rate cut to support growth, governor says JAKARTA, Sept 18 Reuters Indonesia39;s central bank delivered its first rate cut in more than three years on Wednesday, just hours ahead of the widely expected start of the […]

September 18, 2024
Finance
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London, Sept 18 Reuters The dollar surrendered some of its overnight gains against the yen on Wednesday, as investors tweaked their positions ahead of a policy meeting expected to initiate a U.S. easing cycle. The Federal Reserve is expected to make its first interest rate cut in more than four years at 1800 GMT, with markets pricing […]

September 18, 2024
Finance
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BENGALURU, Sept 18 Reuters India has overtaken China for the first time ever in a key MSCI equities index, bolstered by steady economic growth and strong flows. India39;s weight in the MSCI investible large, mid and smallcap index has risen to 2.35, greater than China39;s weight of 2.24, Morgan Stanley said in a note on […]

September 18, 2024
Finance
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FTSE 100 down 0.2 UK August CPI at 2.2 Reckitt Benckiser up after report of homecare asset sale discussions Sept 18 Reuters British stock indexes retreated on Wednesday, following a broadly in line inflation report and as investors awaited a highly anticipated yet uncertain Federal Reserve policy decision later in the day. At 0707 GMT, […]

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Campari CEO Leaves after only Five Months, Sector Struggles

US SingleFamily Homebuilding Rebounds, Rising Supply could Limit Momentum

Australias RBA to Prioritise Wholesale CBDC Work over Retail

UK House Prices Rise for Fifth Month in July, ONS Says

US to Convene Global AI Safety Summit in November

Coal India Eyeing Argentina, Chile for Critical Minerals, Official

Indonesias Cenbank Front Runs Fed with Surprise Rate Cut

Dollar Cedes Ground to Yen ahead of Fed Decision

India Tops China for 1st Time Ever in Key MSCI Equities Index

London Stocks Pull Back on Inflation Data, All Focus on Fed

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