Markets
By Hari Kishan BENGALURU (Reuters) – The U.S. dollar’s recent slide appears to be short-lived as some speculators have already reduced bets for aggressive Federal Reserve interest rate cuts this year, according to a Reuters poll of strategists who still say it will be weaker in a year. Market expectations…
The world of cryptocurrencies is ever-evolving, with new projects and tokens constantly emerging, each vying for a chance to become the next big success story. While established cryptocurrencies like Bitcoin and Ethereum continue to dominate the market, newer tokens have been making waves, promising innovative solutions and substantial gains for…
U.S. companies have enjoyed a record borrowing blitz in January as financial markets rally in anticipation of a Federal Reserve pivot to rate cuts, except for a notable batch of “forgotten” issuers, according to BofA Global. A record $174.1 billion of investment-grade corporate-bond supply has been issued already this month,…
© Reuters. FILE PHOTO: A scientist looks at scans of brains at the Memory Centre at the Department of Readaptation and Geriatrics of the University Hospital (HUG) in Geneva, Switzerland, June 6, 2023. REUTERS/Denis Balibouse/File Photo By Julie Steenhuysen and Andrew Silver CHICAGO/SHANGHAI (Reuters) – Japan’s Eisai aims to roll…
MEXICO CITY (Reuters) – Mexico President Andres Manuel Lopez Obrador presented constitutional reforms in a speech on Monday, which is celebrated as Constitution Day nationwide. “The reforms that I propose seek to establish constitutional rights and strengthen ideals and principles related to humanism, justice, honesty, austerity and democracy,” he said…
By Devayani Sathyan BENGALURU (Reuters) – Most emerging-market currencies are set to regain their recent strength later this year after some near-term paralysis as expectations of interest-rate cuts by the U.S. Federal Reserve keep the dollar in check, a Reuters poll found. These currencies have popped higher in the past…
During the Asian trading session, Bitcoin’s latest price prediction takes into account a modest retreat to $42,585, marking a slight downturn of over 1%. This movement coincides with significant developments in the sector: President Nayib Bukele’s electoral success in El Salvador, a nation pioneering Bitcoin as legal tender, and the…
A violent blockade of the Red Sea is starting to have wider economic implications that could show up in inflation and other economic data. It’s already impacting different parts of the global economy in varying ways—elevating returns for some companies, while depressing them for others. Oil and container shipping companies…
© Reuters. FILE PHOTO: The logo of Mercedes-Benz is seen outside a Mercedes-Benz car dealer in Brussels, Belgium June 1, 2023. REUTERS/Yves Herman/File Photo BEIJING (Reuters) – China’s market regulator approved a joint venture set up by Mercedes-Benz (OTC:) (China) Investment Limited and BMW (ETR:) Brilliance Automotive Ltd, the State…
Investing.com– Most Asian currencies moved in a flat-to-low range on Friday, while the dollar hovered near three-week highs as markets awaited key U.S. labor data for more cues on the Federal Reserve’s plans for interest rate cuts. Regional currencies were set for steep losses in the first week of 2024,…