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Yen heads for weekly loss as intervention momentum from Japanese authorities fade
Yen heads for weekly loss as intervention momentum from Japanese authorities fade
May 9, 2024
Yen fell in Asian trade on Friday against a basket of major rivals, resuming losses against the dollar after a short hiatus and heading for a weekly loss as intervention momentum from Japanese authorities faded. The losses came even as Japanese authorities issued a new series of warnings about the weakness of the local currency and irregular movements. However, markets...
Sterling moves in a positive zone after hot growth data
Sterling moves in a positive zone after hot growth data
May 10, 2024
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the second straight day against the dollar away from recent two-week lows and after hot UK growth data. The data hurt the odds of early UK interest rate cuts in June, as investors now await important inflation and wages data this month. The Price...
FTSE 100 Makes yet Another Record High while DAX and S&P 500 Rally is Slowing Down
FTSE 100 Makes yet Another Record High while DAX and S&P 500 Rally is Slowing Down
May 8, 2024
FTSE 100, DAX 40, SP 500 Analysis and Charts ​​​FTSE 100 hits yet another record high ​The FTSE 100 has so far seen four straight days of gains with each making a new record high ahead of this morning’s, the fifth day in a row around the 8,350 mark. Further up beckons the 8,500 region. ​The tentative April-to-May uptrend line...
Aussie Dollar Reaction: RBA's Firm Stance Collides with Troubling Inflation Expectations
Aussie Dollar Reaction: RBA's Firm Stance Collides with Troubling Inflation Expectations
May 8, 2024
Australian Dollar (AUD/USD) Analysis RBA keeps rates unchanged, surprising marketsInflation proves stubborn, with elevated levels expected until 2025AUD/USD pulls back - AUD more broadly, may find support from interest rate differentials (longer-term)Potential stabilization and benefits for the Aussie dollar amid global risk appetiteGet your hands on the Aussie dollar Q2 outlook today for exclusive insights into key market catalysts that...
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Siemens Energy sells most of Indian wind unit to TPG-led investor group
Siemens Energy sells most of Indian wind unit to TPG-led investor group
Mar 26, 2025
FRANKFURT, March 26 (Reuters) - Siemens Energy will sell 90% of its wind turbine business in India and Sri Lanka to an investor group led by the climate investment arm of buyout group TPG, it said on Wednesday, in a push to focus on what it sees as core markets. No financial details were disclosed. Shares in Siemens Energy rose...
Morgan Stanley raises Chinese stock targets again on earnings optimism
Morgan Stanley raises Chinese stock targets again on earnings optimism
Mar 25, 2025
SHANGHAI, March 26 (Reuters) - Wall Street firm Morgan Stanley ( MS ) raised on Wednesday its index targets for Chinese shares for the second time this year, citing improved earnings growth forecasts and a more optimistic outlook for the economy and currency. The bank upgraded its year-end index targets for Hong Kong's benchmark Hang Seng Index, Hang Seng China...
Morgan Stanley raises China stock index targets for second time this year on earnings optimism
Morgan Stanley raises China stock index targets for second time this year on earnings optimism
Mar 25, 2025
SHANGHAI, March 26 (Reuters) - Wall Street firm Morgan Stanley ( MS ) raised their index targets for Chinese shares for a second time this year, citing higher earnings growth forecasts and a better outlook for the economy and currency. The bank revised up its year-end index targets for Hong Kong's benchmark Hang Seng Index, Hang Seng China Enterprises index,...
S&P Settles Slightly Higher As Investors Assess Economic Data; Investor Fear Increases, Fear & Greed Index Remains In 'Fear' Zone
S&P Settles Slightly Higher As Investors Assess Economic Data; Investor Fear Increases, Fear & Greed Index Remains In 'Fear' Zone
Mar 26, 2025
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Fear” zone on Tuesday. U.S. stocks settled slightly higher on Tuesday, extending gains from the previous session with investors awaiting more clarity on tariff developments and digested a downbeat consumer confidence report. On the economic data front, the Conference...
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Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Ecopetrol's Reficar wins court judgment in long-running dispute with McDermott
Ecopetrol's Reficar wins court judgment in long-running dispute with McDermott
Mar 21, 2024
BOGOTA, March 21 (Reuters) - Colombia's Ecopetrol said on Thursday its Reficar oil refinery was awarded 19.9% of the common capital in U.S. infrastructure firm McDermott in preferential shares by a judge in Amsterdam. The Reficar refinery is located in the Colombian city of Cartagena, and has been the subject of a prolonged international dispute dating back to the facility's...
UN adopts first global artificial intelligence resolution
UN adopts first global artificial intelligence resolution
Mar 21, 2024
(Reuters) -The United Nations General Assembly on Thursday unanimously adopted the first global resolution on artificial intelligence that encourages countries to safeguard human rights, protect personal data, and monitor AI for risks. The nonbinding resolution, proposed by the United States and co-sponsored by China and over 120 other nations, also advocates the strengthening of privacy policies. Today, all 193 members...
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