January 2025 – Page 13 – UAG Trade Asia

South African Rand Eases in Choppy Trading

January 3, 2025
Finance
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JOHANNESBURG, Jan 3 Reuters South Africa39;s rand eased on Friday amid choppy trading after starting the year on a strong note. At 1006 GMT, the rand traded at 18.7775 against the dollar , about 0.3 weaker than its previous close. After a volatile end to 2024, the rand closed about 0.8 higher on Thursday. Investor […]

January 3, 2025
Finance
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MUMBAI, Jan 3 Reuters The Indian rupee ended at a record closing low on Friday, pressured by a decline in the Chinese yuan, and logged a ninth straight week of losses due to the relentless rise in the U.S. dollar. The rupee ended at 85.77 to the dollar, compared to its previous close of 85.7525. […]

January 3, 2025
Finance
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Bullion up about 1.3 this week U.S. central bank projects only two reductions in 2025 Dollar down 0.4 against its rivals UBS keeps silver prices target at 36oz38oz for 2025 Jan 3 Reuters Gold prices touched their highest level in three weeks on Friday supported by a softer dollar and safehaven buying, while markets braced […]

January 3, 2025
Finance
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FTSE 100 flat, FTSE 250 off 0.2 Jan 3 Reuters London39;s FTSE 100 changed little on Friday, after hitting an overtwoweek high hit in the previous session, as heavyweight energy shares limited broader declines. The bluechip FTSE 100 was marginally down, while the midcap FTSE 250 fell 0.2. Both indexes are, however, set for their second straight […]

January 3, 2025
Oil
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Investors eye further US interest rate cuts China growth stimulus policies in focus Traders also look to potential hike in Saudi crude prices SINGAPORE, Jan 3 Reuters Oil prices barely budged on Friday after closing at their highest in more than two months in the prior session, amid hopes that governments around the world may […]

January 3, 2025
Politics
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China39;s central banks says likely to cut interest rates in 2025 Shift from quantitative objectives to cost of credit targeting Last cut main 7day reverse repo rate to 1.5 from 1.7 in Sept China 10and 30year treasury yields both hit record lows BEIJING, Jan 3 Reuters China39;s central bank said it is likely to cut […]

January 3, 2025
Uncategorized
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LONDON, Jan 3 Reuters The number of people visiting British shops last year fell by 2.2, the biggest drop since 2021, industry data showed on Friday, adding to signs of a broader economic slowdown. The British Retail Consortium said footfall in the final quarter of the year when Christmas spending is key for most retailers39; profits […]

January 3, 2025
Uncategorized
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China to increase ultralong treasury bond funding in 2025 Funds to support consumer subsidies and business equipment upgrades Policymakers committed to shoring up economy, step up support BEIJING, Jan 3 Reuters China will sharply increase funding from ultralong treasury bonds in 2025 to spur business investment and consumerboosting initiatives, a state planner official said on […]

January 3, 2025
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JAKARTA, Jan 3 Reuters Indonesian companies will get a 112 month transition period to meet the new B40 biodiesel requirement, Deputy Energy and Mineral Resources Minister Yuliot Tanjung told reporters on Friday. Indonesia had planned to launch the mandatory mix of 40 palm oil fuel in biodiesel on Jan. 1, but industry players said they […]

January 3, 2025
Business
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BEIJING, Jan 3 Reuters U.S. electric vehicle maker Tesla said on Friday its China sales rose 8.8 to a record high of more than 657,000 cars in 2024, a strong performance in a competitive market in a year when its annual global deliveries fell for the first time. Tesla39;s sales in the world39;s largest auto market also increased […]

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South African Rand Eases in Choppy Trading

INR Logs 9th Straight Week of Losses, Analysts Expect more Weakness

Gold Hits 3wk Peak on Softer US Dollar, SafeHaven Inflows

Londons FTSE 100 Flat, Gains in Energy Stocks Cap Declines

Oil Steady near 2mth Highs, Market Eyes Policy Support for Growth

PBOC Likely to Cut Rates in 2025, FT Reports, as Part of Broader Policy Shift

UK Shopper Numbers Fell Last Year by most since Pandemic, BRC

China will Sharply Increase Funding from Treasury Bonds to Spur Growth in 2025

Indonesian Firms Get 112 Months to Implement new B40 Biodiesel Mix

Teslas China Sales Rise to Record High in 2024, Bucking Global Decline

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