October 2024 – Page 63 – UAG Trade Asia

Swiss Inflation Falls to 3Y Low, Paving Way for more Rate Cuts

October 3, 2024
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ZURICH, Oct 3 Reuters Swiss inflation has fallen to its lowest level in more than three years, government data showed on Thursday, prompting analysts to say more interest rate cuts by the Swiss National Bank were virtually certain. Swiss consumer prices rose by 0.8 in September compared with the same month a year earlier, data […]

October 3, 2024
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LONDON, Oct 3 Reuters British companies39; expectations for wage growth in the year ahead remained unchanged at 4.1 in the three months to September, a Bank of England survey showed on Thursday. The BoE Decision Maker Panel also showed that uncertainty among businesses in the three months to September was slightly lower than in the […]

October 3, 2024
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HONG KONG, Oct 3 Reuters Hong Kong39;s August retail sales fell 10.1 from a year earlier, government data showed, reflecting a relatively strong Hong Kong dollar, the changing consumption patterns of residents and their increased travel abroad during holidays. Sales fell to HK29.2 billion 3.8 billion in a sixth consecutive month of decline after a […]

October 3, 2024
Finance
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Bing Li, Head of Asia Pacific at Bloomberg, says there are multiple factors why countries are actively courting wealthy families to set up family offices in their jurisdictions. He also expects these countries’ competitiveness to intensify.

October 3, 2024
Business
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LONDON, Oct 3 Reuters Global bank messaging network SWIFT will trial live transactions of tokenised assets and digital currencies next year, it said on Thursday, the latest step in the currently slowmoving integration of such assets into the wider financial system. Banks and asset managers have been exploring tokenising traditional assets like bonds for several […]

October 3, 2024
Business
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Oct 2 Reuters Crypto asset manager Bitwise has filed an initial registration statement with the U.S. SEC for an exchangetraded product for XRP tokens, as it seeks to introduce more crypto products after a landmark regulatory decision to approve spot bitcoin ETF earlier this year. Bitwise earlier this year was among the firms which got […]

October 3, 2024
Business
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NEW YORK, Reuters The U.S. Securities and Exchange Commission said on Wednesday it is appealing a court ruling that restricted its ability to regulate cryptocurrency markets. Wall Street39;s main securities regulator will ask the 2nd U.S. Circuit Court of Appeals in Manhattan to review a July 2023 decision that the XRP token sold by Ripple Labs on public […]

October 3, 2024
Business
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MILAN, Oct 3 Reuters Italy39;s Eni said on Thursday it would have a stake of around 38.7 in Ithaca Energy after completing the sale of nearly all of its upstream assets in the UK to the Londonlisted company. Eni and Ithaca agreed the deal in April when they said the transaction was worth around 754 million pounds 992.41 million […]

October 3, 2024
Finance
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TORONTO, Oct 3 Reuters The Canadian dollar is forecast to extend its recovery against its U.S. counterpart in the coming year as lower borrowing costs bolster economic growth in Canada and increase investor appetite for risk, a Reuters poll found. Canada39;s loonie has rallied by 3.3 since hitting a near twoyear low of 1.3946 per […]

October 3, 2024
Finance
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Fed39;s rate cuts and global central banks39; actions impact dollar39;s performance Economic data and U.S. presidential election add uncertainty to dollar39;s outlook Investors eye currencies like yen, krone, and real for potential gains Yen has rallied from 2024 lows as central bank policies diverge Stillstrong U.S. economy could limit how much the Fed cuts rates […]

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Swiss Inflation Falls to 3Y Low, Paving Way for more Rate Cuts

UK Firms Wage Growth Expectations Steady, BoE Survey Shows

Hong Kong sees Challenges for Retail Sector, Aug Sales Fall 10

Competition increases for family offices across Asia

SWIFT to Trial Live Digital Currency Transactions next Year

Crypto Asset Manager Bitwise Files for XRP ETP with Securities Regulator

SEC Appeals Decision that Restricted its Crypto Oversight

Eni to Hold 38.7 in Ithaca Energy Following Completion of UK Asset Sale

CAD Expected to Strengthen in 2025, Rate Cuts Boost Economy

Dollar Bears Eye Shifts in Global Yields, Growth to Play Weakening US Currency

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