The recent sharp reversal of the yen from its slide past 160 per dollar has left European and global traders waking up to a nervy currency market. Speculation on Tokyo’s potential involvement in this sudden exchange rate movement has caused uncertainty among market participants. The jump in the yen to 156.55 per dollar, just hours
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Local Chinese authorities have recently lifted restrictions on Tesla cars following the approval of the company’s China-made vehicles meeting the country’s data security regulations. This significant achievement came after Tesla CEO Elon Musk’s unexpected meeting with Chinese Premier Li Qiang during the auto show in Beijing, making it the first major gathering of its kind
Economists are anticipating an increase in the Index from -14.4 to -11.0 in the month of April. This positive change in the index could potentially boost confidence in the US economy and steer it away from a looming recession. Despite this, the projected numbers are not expected to have a significant impact on the Federal
The EUR/USD pair is trading around 1.0710 in the early Asian trading hours on Monday, gaining ground against the USD. The softer US Dollar below the 106.00 mark is providing support to the major pair. This comes as the US PCE inflation rose by 2.7% YoY in March, compared to 2.5% prior, exceeding expectations. The
The EUR/USD pair has recently seen a recovery wave from the 1.0600 zone, signaling a possible bullish trend. A key bullish trend line has formed with support at 1.0680, indicating potential for further upward movement. While the pair faced resistance at 1.0740, there is optimism for a clear break above the 1.0775 zone which could
May kicks off with the Federal Open Market Committee (FOMC) meeting, which is expected to be a significant event in the financial markets. The consensus is that there will be no change in the Fed funds target range, keeping it at 5.25%-5.50% for the sixth consecutive meeting. This decision is largely influenced by the fact
Tech billionaire turned philanthropist Bill Gates has warned that success in the fight to wipe out polio is not guaranteed, despite significant progress made in recent years. Gates, whose foundation has poured billions into the effort, emphasized the importance of not becoming complacent in tackling the deadly viral disease. Most recently, Saudi Arabia pledged $500
The Bank of Japan held a monetary policy meeting in March, and the minutes from this meeting are expected to be released on May 2nd. These discussions may shed light on the conditions required for an interest rate hike, which could have a significant impact on investor sentiment. Despite leaving monetary policy unchanged on April
Thailand recently appointed Pichai Chunhavajira, a former energy executive, as the country’s new finance minister. With the task of reviving Southeast Asia’s second-largest economy, Pichai faces a multitude of challenges ahead. This article will delve into the state of the Thai economy, the policies Pichai will oversee, and the expectations surrounding his new role. Thailand’s
Recently, BHP Group had its initial $39 billion offer for Anglo American rejected by the London-listed miner. However, sources familiar with the matter have indicated that BHP is contemplating making an improved proposal in the coming weeks. The deliberations are still ongoing, and no final decision has been made regarding the size and structure of
Russia’s industrial production and investments are currently stagnating, according to a report by the Centre for Macroeconomic Analysis and Short-Term Forecasting. The report highlights a decline in profitability across various industries and a shortage of imported components and raw materials. This situation poses a significant challenge to the overall economic performance of the country. In
In today’s rapidly evolving technological landscape, it is crucial for tech investors to stay ahead of the curve. According to Brett Winton, the chief futurist at ARK Invest, there are five key areas that should give investors an edge. These areas include robotics, artificial intelligence, multi-omics sequencing, public blockchain, and energy storage. Winton believes that