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Asia FX Muted Amid Fed jitters, Chinese Yuan Outperforms For The Week 0
- Uncategorized
- March 3, 2023
Most Asian currencies were muted on Friday amid growing concerns over the path of U.S. monetary policy, while the Chinese yuan was among the best performers this week on a string of strong economic readings. The yuan rose 0.1%, and was set to close the week nearly 0.8% higher. A private survey showed on Friday
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Merck KGaA Expects 2023 Profit to Slip As COVID Demand Wanes 0
- Uncategorized
- March 2, 2023
Germany’s Merck KGaA on Thursday predicted 2023 earnings would slip due to a decline at its electronic chemicals unit and a drop in COVID-related demand for its lab supplies from drug and vaccine makers. For 2023 earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for one-offs, the company “assumes a moderate decline to an
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SpaceX Ready To Retry Launching NASA’s Next Space Station Crew 0
- Uncategorized
- March 2, 2023
Elon Musk’s rocket company SpaceX was ready to try again at sending NASA’s next long-duration crew of the International Space Station to orbit on Thursday, about 72 hours after a first attempt was scrubbed due to a clogged filter in the launch system. Two NASA astronauts will be joined by a Russian cosmonaut and an
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Soils of War: The Toxic Legacy For Ukraine’s Breadbasket 0

When Ukraine recaptured Kherson in November, Andrii Povod returned to find his grain farm in ruins. Two tractors were missing, most of the wheat was gone and all 11 buildings used to store crops and machinery had been bombed and burned. The farm bears the scars of Russian shelling and unexploded ordnance riddles the fields

GM Cutting Hundreds of jobs to Reduce Costs 0

General Motors Co is cutting hundreds of executive-level and salaried jobs as it looks to cut costs and streamline operations, a person briefed on the matter told Reuters on Tuesday. The global reductions are in the “low hundreds,” the person said. GM Chief People Officer Arden Hoffman said in a letter to employees on Tuesday

Gold Prices Hover Above 2023 Lows As Fed Uncertainty Persists 0

Gold prices kept to a tight range on Tuesday after recovering slightly from their weakest level this year, as concerns over rising interest rates and anticipation of key U.S. economic readings this week kept traders largely on the sidelines. The yellow metal marked four consecutive weeks of losses as hotter-than-expected U.S. inflation and signs of

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