Author: FX
© Reuters. U.S. President Joe Biden attends Partnership for Global Infrastructure and Investment event on the day of the G20 summit in New Delhi, India, September 9, 2023. REUTERS/Evelyn Hockstein/Pool By Nandita Bose and Francesco Guarascio NEW DELHI/HANOI (Reuters) – U.S. President Joe Biden visits Vietnam’s capital city Sunday, where the two countries are expected to declare themselves strategic partners, as the United States seeks to push supply chains from China and both countries to try to counter Beijing’s military and diplomatic influence in Asia. Biden will arrive at the Presidential Palace Sunday afternoon for a formal welcome from Communist…
Global semiconductor industry sales for July fell 11.8% year-over -year to $43.2 billion, according to data from The Semiconductor Industry Association (SIA). Sales rose 2.3%, compared to the June 2023 total of $42.2 billion, SIA said. “The global semiconductor market has experienced modest but steady month-to-month growth this year, with sales increasing for the fourth consecutive month in July,” said John Neuffer, SIA president and CEO. However, Neuffer added that year-to-year decrease in July “was the smallest gap of the year to date, providing reason for optimism over the remainder of 2023 and beyond.” According to SIA, region-wise Y/Y sales:…
MSOS, AGQ and NRGU among weekly ETF movers Source link
5./15 WEST/iStock Unreleased via Getty Images Uber Technologies (NYSE:UBER) is working on adding a handyman service to its app as it looks to expand beyond driving and deliveries. The potential new service, which is codenamed “Chore,” was found inside Uber’s iPhone app within hidden code strings, according to a Bloomberg report on Friday. The app will allow a “tasker” to be hired for a minimum of one hour. The code was discovered by developer Steve Moser and shared with Bloomberg. The new potential Uber (UBER) service would likely compete directly with Angi Inc. (ANGI) and TaskRabbit, as well as Craigslist…
Our strategists leaned long on the Greenback this week as sentiment could refocus on potential hawkish Fed behavior if U.S. data came in strong. How did they do with a calendar filled with top tier events? Check it out! EUR/USD 30-min Forex Chart by TV After last Friday’s net positive U.S. updates on employment and business, we leaned bullish on the Greenback, and with the market seemingly putting more weight into Euro area recession fears over ECB rate hikes, we decided to check out EUR/USD for potential setups. On Monday, EUR/USD was slowly bouncing after Friday’s big drop, and given…
Rmcarvalho REITs fell during the week ended Sep. 8 but managed to outperform wider markets. FTSE Nareit All Equity REITs declined by 1.20% from last week, while the Dow Jones Equity All REIT Total Return Index was down by 1.13%. Comparatively, S&P 500 decreased by 1.29% on a weekly basis. Meanwhile, the broader Real Estate Select Sector SPDR ETF fell by 1.03% and the FTSE NAREIT Mortgage REITs by 1.41%. Notably, U.S. REITs continued to show a decrease in share repurchase activity in Q2, according to a report by S&P Global Market Intelligence. The sector repurchased shares worth $553.9M during…
By Ahmed Eljechtimi and Abdulhak Balhaki AMIZMIZ, Morocco (Reuters) -Rescuers dug through rubble for survivors in collapsed houses in remote mountain villages of Morocco on Saturday, in the wake of the country’s deadliest earthquake for more than six decades, which killed more than 1,000 people. The quake which struck in Morocco’s High Atlas (NYSE:) mountains late on Friday night damaged historic buildings in Marrakech – the nearest city to the epicentre – while the most of the fatalities were reported in mountainous areas to the south. The Interior Ministry said 1,037 people had been killed and another 672 injured by…
Verteran political player, Nancy Pelosi, 83, is lacing up her political sneakers for another run in Congress.A surprise? Not really. She’s been at it since 1987!Pelosi’s reelection bid: Quick stock market takeawayWhy stock market junkies should care:? Political stability often means $$$ for the market.? Pelosi = Pro-Democrat. A stronger Democrat grip could mean predictable policy moves.Heads up, investors!Good vibes ?: Think infrastructure, green energy, tech investments. If Pelosi pushes, these sectors might dance!Trade winds ?️: Better international relations under Pelosi might just give multinational stocks a wind in their sails.But…Small bumps on the road ?: If there’s a corporate…
Warning: SGSOY is at high risk of cutting its dividend Source link
© Reuters. Turkey’s President Tayyip Erdogan presents medium-term economic programme forecasts in Ankara, Turkey, September 6, 2023. Murat Cetinmuhurdar/PPO/Handout via REUTERS/file photo By Shivangi Acharya and Sarita Chaganti Singh NEW DELHI (Reuters) – Turkish President Tayyip Erdogan held talks with Japanese Prime Minister Fumio Kishida at the G20 leaders’ summit in New Delhi on reviving the Black Sea (NYSE:) grain deal, two sources with knowledge of the matter said on Saturday. Russia quit the deal in July – a year after it was brokered by the United Nations and Turkey – complaining that its own food and fertiliser exports faced…