Asia shares dragged by Wall St dive, bonds bullish – Reuters
Asian stock markets: Nikkei falls 2.4%, S&P 500 futures flat Recession risks, shift away from stocks favor bonds ECB expected to cut rates by 25bp on Thursday, Fed to do the same next week SYDNEY, Sept 9 (Reuters) – Asian stocks fell on Tuesday as fears of a U.S. recession weakened Wall Street and pushed […]
Westpac appoints Anthony Miller as new chief executive officer By Reuters – Investing.com
(Reuters) – Australia's third-largest bank Westpac Banking Corp on Monday appointed Anthony Miller as its new chief executive officer and managing director, effective Dec. 16, 2024. Miller, who joined the company in 2020, was previously chief executive officer of Westpac's business and wealth division. He replaces Peter King, who is retiring after 30 years at […]
Currencies tread water as Middle East risks temper rate cut optimism By Reuters – Investing.com
By Ray Wee SINGAPORE (Reuters) – The dollar and yen fell on Tuesday, giving back some of the safe-haven gains they had made earlier in the week, after a major missile attack between Israel and Hezbollah raised fears of further escalation of tensions. An impending US interest rate cut also remained top of mind for […]
Futures rise as PPI set to kick off data deluge By Reuters – Investing.com
(Reuters) – Futures for Wall Street’s main stock indexes rose on Tuesday ahead of the release of a producer price index that is expected to give some clues about the Federal Reserve’s progress in tackling inflation and the direction of interest rates. After a tumultuous week that included mixed economic data and a Bank of […]
Explainer-What is the Chinese yuan carry trade and how is it different from the yen's? By Reuters – Investing.com
Winnie Zhou and Summer Zhen SHANGHAI/HONG KONG (Reuters) – A global stock market sell-off sparked by the unwinding of yen-funded carry trades has put attention on China’s yuan, which is also widely used as a cheap funding currency. The yuan surged 2 percent against the dollar in August, but traders say the yuan carry trade […]
U.S. stock futures edge higher in lead up to data deluge By Reuters – Investing.com
By Shubham Batra and Shashwat Chauhan (Reuters) – U.S. stock index futures edged higher on Monday as investors focused on the U.S. consumer price index ahead of a data-packed week that could provide strong indications of Federal Reserve interest rate moves in September. Markets closed amid heightened volatility last week, starting with investors unwinding currency […]
Dollar dips as yen heads for first weekly drop in six By Reuters – Investing.com
By Hannah Lang NEW YORK (Reuters) – The dollar retreated from a one-week high against major currencies on Friday, capping several turbulent days as traders digested falling U.S. jobless claims and the prospect of a looming economic recession. The US dollar fell against the Japanese yen after three days of rebounding after Thursday’s better-than-expected jobs […]
Exclusive-Billions in dollar and euro notes reach Russia despite sanctions By Reuters – Investing.com
Gleb Stolyarov, Philip Lebedev, Alexander Marlow LONDON (Reuters) – About $2.3 billion worth of dollar and euro banknotes have been exported to Russia since the United States and European Union banned paper currency exports to Russia in March 2022 following the invasion of Ukraine, according to customs data seen by Reuters. The previously unreported figures […]
Bangladesh chief justice, central bank chief quit amid protests, officials say By Reuters – Investing.com
By Maqsud-un-Nabi DHAKA (Reuters) – Bangladesh’s chief justice and central bank governor have resigned, officials said on Saturday, as student protests that forced Prime Minister Sheikh Hasina to flee the country widened to target other officials appointed during her tenure. Supreme Court Justice Obaidul Hassan resigned, Law Ministry adviser Asif Nazrul said in a video […]
'Coerced' JPMorgan Chase seeks to end NY lawsuit against Russia's VTB Bank By Reuters – Investing.com
Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase & Co. (NYSE:) on Friday asked a U.S. federal court in Manhattan to dismiss a lawsuit against Russia’s VTB Bank over $439.5 million in accounts frozen after Russia’s invasion of Ukraine, saying VTB bank had “forced” it to drop the case. The largest U.S. bank sued VTB […]