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Reserve Bank of New Zealand holds interest rates at three-year lows
Reserve Bank of New Zealand holds interest rates at three-year lows
Jul 8, 2025
The Reserve Bank of New Zealand (RBNZ) announced its interest rate decision on Wednesday morning at the conclusion of its July 9 meeting, keeping the official cash rate unchanged at 3.25% the lowest level since April 2022 in line with market expectations. The RBNZ stated that it expects to ease monetary policy if medium-term inflationary pressures continue to decline as...
US dollar hits two-week high against yen as trade war reignites
US dollar hits two-week high against yen as trade war reignites
Jul 9, 2025
The U.S. dollar climbed to its highest level against the Japanese yen in more than two weeks on Wednesday, following President Donald Trump's pledge to issue further trade-related announcements after imposing 25% tariffs on Japan and other trading partners. The dollar had already posted gains against major currencies on Tuesday, buoyed by Trumps latest tariff threats, which are set to...
The road towards $4 trillion.. How did Nvidia achieve it for the first time in history?
The road towards $4 trillion.. How did Nvidia achieve it for the first time in history?
Jul 9, 2025
Nvidia has become the first company in the world to reach a market capitalization of $4 trillion, after its shares rose 2.4% on Wednesday to $164 per share, continuing to benefit from the sustained surge in demand for AI-related technology. The U.S. company had first crossed the $1 trillion mark in June 2023, and has maintained rapid growth ever since....
Kiwi skids to two-week trough after expected RBNZ decision
Kiwi skids to two-week trough after expected RBNZ decision
Jul 8, 2025
The New Zealand dollar declined in Asian trading on Wednesday against a basket of major and minor currencies, hitting a two-week low against its U.S. counterpart. The drop followed a widely expected decision by the Reserve Bank of New Zealand to leave interest rates unchanged at their lowest level in three years. The RBNZ stated that it expects to ease...
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Ingram Micro working with banks on $8 billion IPO, Bloomberg News reports
Ingram Micro working with banks on $8 billion IPO, Bloomberg News reports
Mar 14, 2024
March 14 (Reuters) - Electronics distributor Ingram Micro is working with lenders Goldman Sachs ( GS ) and Morgan Stanley ( MS ) on an initial public offering that could launch next month, Bloomberg News reported on Thursday, citing people familiar with the matter. Ingram Micro, backed by private-equity firm Platinum Equity, is seeking an IPO at a valuation of...
Nippon Steel says no layoffs, no plant closures at US Steel till 2026
Nippon Steel says no layoffs, no plant closures at US Steel till 2026
Mar 14, 2024
TOKYO, March 15 (Reuters) - Japan's Nippon Steel ( NISTF ) said on Friday that under its proposed takeover of U.S. Steel there would be no layoffs and no plant closures until September 2026, under certain conditions. Nippon Steel ( NISTF ) said in the statement it is progressing through regulatory review of the deal and determined to see it...
India Morning Newsletter, March 15
India Morning Newsletter, March 15
Mar 14, 2024
To access a PDF version of this newsletter, please click here If you would like to receive this newsletter via email, please register at: https://solutions.refinitiv.com/MNCIndiaSubscriptionpage For an index of our newsletters click on ...
Honda, Nissan to sign MoU on comprehensive EV cooperation, NHK reports
Honda, Nissan to sign MoU on comprehensive EV cooperation, NHK reports
Mar 14, 2024
TOKYO, March 15 (Reuters) - Japanese car makers Honda ( HMC ) and Nissan ( NSANF ) have decided to sign a memorandum of understanding on a comprehensive cooperation in their electric vehicle businesses, public broadcaster NHK reported on Friday. ...
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