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Aussie skids to 2-1/5 month low as inflation cools
Aussie skids to 2-1/5 month low as inflation cools
Oct 30, 2024
The Australian dollar tumbled in Asian trade on Wednesday to 2-⅕ month lows against the US dollar, sharpening the decline for the fourth straight session after inflation in Australia cooled to three-year lows, reducing the pressure on the Reserve Bank of Australia. The new data boosted the odds of an interest rate cut by the RBA in December, as investors...
Yen skids to three-month trough as Japanese governing coalition loses majority
Yen skids to three-month trough as Japanese governing coalition loses majority
Oct 28, 2024
The Japanese yen skidded in Asian trade on Monday to three-month lows against the US dollar, after the election loss by the current Japanese parliamentary governing coalition, which could impede future interest rate hikes by the Bank of Japan. The yen is also pressured by a surge in US 10-year treasury yields, amid speculation about a cautious stance by the...
Euro rebounds ahead of major eurozone data
Euro rebounds ahead of major eurozone data
Oct 27, 2024
The euro rose in European trade on Thursday against a basket of major rivals after a wave of losses across three sessions, with the euro eventually settling above 3-⅕ month lows against the US dollar. It comes ahead of major data on the eurozone sectors later today, which would shed important light on the health of the European economy in...
Euro hits one-week high ahead of German inflation data
Euro hits one-week high ahead of German inflation data
Oct 30, 2024
Euro rose in European trade on Wednesday on track for the third profit in a row against the US dollar, hitting a week high after data showed Spanish inflation rose past estimates in October, renewing the pressure on the European Central Bank. The odds of a 0.25% ECB interest rate cut in December dipped, with investors now waiting for official...
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OpenAI, Meta in talks with Reliance for AI partnerships, The Information reports
OpenAI, Meta in talks with Reliance for AI partnerships, The Information reports
Mar 22, 2025
March 22 (Reuters) - OpenAI and Meta Platforms ( META ) have held separate discussions with India's Reliance Industries over potential partnerships to expand their artificial intelligence offerings in the country, The Information reported on Saturday, citing two people who spoke to executives at both companies. ...
US Senator Steve Daines meets Chinese Premier Li Qiang in Beijing
US Senator Steve Daines meets Chinese Premier Li Qiang in Beijing
Mar 23, 2025
BEIJING, March 23 (Reuters) - U.S. Republican Senator Steve Daines met Chinese Premier Li Qiang in Beijing on Sunday, following an annual business summit in the Chinese capital attended by top foreign CEOs. Daines was accompanied by Qualcomm ( QCOM ) CEO Cristiano Amon, Pfizer ( PFE ) CEO Albert Bourla, FedEx ( FDX ) CEO Raj Subramaniam, Cargill CEO...
India says quashing Volkswagen's $1.4 billion tax bill would be 'catastrophic'
India says quashing Volkswagen's $1.4 billion tax bill would be 'catastrophic'
Mar 22, 2025
* Volkswagen and India fighting over tax demand in court * Case is matter of life and death for automaker, company says * India arguing VW did not give correct information over years * India wants VW to respond to tax notice, not litigate in court By Arpan Chaturvedi and Aditya Kalra NEW DELHI, March 23 (Reuters) - India's government...
Anti-Musk protesters gather outside Tesla dealership in Washington
Anti-Musk protesters gather outside Tesla dealership in Washington
Mar 22, 2025
WASHINGTON, March 22 (Reuters) - Roughly 100 people waved signs and danced in protest outside a Tesla dealership in Washington on Saturday, angry at the electric vehicle maker's billionaire CEO Elon Musk, who has led efforts to sharply cut the federal workforce. Cars driving past the demonstration honked at the protesters whose signs featured photos of Musk, the world's richest...
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