Author: FX
© Reuters. FILE PHOTO-A laborer works in a container area at a port in Tokyo, Japan July 19, 2017. Picture taken July 19, 2017. REUTERS/Toru Hanai/File Photo By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s exports fell in July for the first time in nearly 2-1/2 years, dragged down by faltering demand for light oil and chip-making equipment, underlining concerns about a global recession as key markets like China weakened. Ministry of Finance (MOF) data out Thursday showed Japanese exports fell 0.3% in July year-on-year, compared with a 0.8% decrease expected by economists in a Reuters poll. It followed a 1.5% rise…
mixmotive/iStock Editorial via Getty Images Paramount Global (NASDAQ:PARA) ended a plan to sell majority stake in BET Media Group, owner of VH1 and BET cable networks. The company told bidders on Wednesday that it ended its sale process as it didn’t believe the sale would do much to delever its balance sheet, according to a WSJ report on Wednesday, which cited people familiar with the matter. Paramount (PARA) received bids ranging from around $2 billion to $3 billion for the unit. The latest update comes after the WSJ reported in March that Paramount was exploring the sale of a stake…
The Bank is accepting a falling yuan, but not at the pace the market is pricing. Another huge discrepancy between the modelled expectation and the PBOC decision. I’m not sure about the yuan as a candidate for reserve currency status if its so subject to the whims of an organ of the Chinese Communist Party. People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading…
Share: USD/CAD grinds at the highest level in 11 weeks as bulls take a breather after three-day uptrend. Overbought RSI (14) line, 1.5-month-long rising trend line prod buyers but 200-DMA puts a floor under Loonie prices. Horizontal resistance area from late February, 10-month-old falling resistance line add to upside filters. USD/CAD seesaws around the highest level since early June, marked the previous day, as bulls jostle with the key upside hurdle amid overbought RSI conditions. Even so, the Loonie pair defends the early-week breakout of the 200-DMA while flirting with the 1.3530-35 amid Thursday’s Asian session, after a…
Ipsen wins FDA approval of rare bone disease drug palovarotene Source link
© Reuters. FILE PHOTO: A man is reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. REUTERS/Issei Kato By Harry Robertson and Pete Schroeder LONDON/WASHINGTON (Reuters) -Wall Street turned lower on Wednesday as Federal Reserve meeting minutes showed central bank officials divided over further rate hikes, while oil continued its downward trend on concern over China’s economy. U.S. stocks reversed earlier gains to stand solidly lower in afternoon trading. The was down 0.18%, the was 0.35% lower and the dipped 0.71%. The U.S. decline came on the heels of lower stock prices in…
The Federal Reserve meeting minutes of 4 the July 2023 meeting:Uncertainty of U.S. economic outlook remains elevated; future Federal Reserve policy decisions to be driven by the totality of data from the July 25-26 meeting.Most participants said inflation risks could require further interest rate hikes.A number of participants warned of risks of accidentally tightening policy too much.A couple of participants favored holding interest rates steady at the July meeting.A number of participants saw economic risks becoming more balanced.Most participants saw continued ‘significant’ upside inflation risks.Participants said inflation was ‘unacceptably high,’ and more evidence is needed to be confident that price…
Share: Dow Jones declines on Wednesday amid a more pessimistic market outlook. Intel ends plans to buy China’s Tower Semiconductor. Dow component The Home Depot spiked on consensus earnings beat on Tuesday. Cisco reports earnings after Wednesday close, Walmart reports earnings results on Thursday. July US Retail Sales on Tuesday showed strong gains compared to June. The Dow Jones Industrial Average (DJIA) edges lower on Wednesday amid a mildly pessimistic market mood as traders prepared themselves for the release of the last Federal Reserve meeting minutes. The decline came despite major retailer Target (TGT) announcing a 27% consensus beat on the bottom line.…
GBP/USD Price, Chart, and AnalysisGBP/USD rose and stayed up after the latest official UK consumer price numbersHeadline CPI is decelerating but remains hugely above targetThe prospect of higher rates next month remains Recommended by David Cottle How to Trade GBP/USD The British Pound rose against the United States Dollar on Wednesday as the latest official inflation report did nothing to allay suspicions that the Bank of England will be raising interest rates yet again, probably as soon as next month.While July’s headline 6.8% annualized Consumer Price Index rise was much lower than June’s 7.9%, it was exactly as markets had…
BAE said to be in talks to buy Ball’s $4B aerospace unit Source link