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Asia FX Rises in Holiday Trade as China Recovery Bets Grow 0
- FOREX
- January 23, 2023
Most Asian currencies strengthened in thin trade on Monday, while the dollar weakened further amid growing bets that the Chinese economy will bounce back this year, with focus also turning to key U.S. data due this week. Regional trading volumes were limited with most markets closed for the Lunar New Year. But markets are betting
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Musk to jury: Just Because I Tweet Something, Doesn’t Mean People Believe it 0
- International
- January 21, 2023
Elon Musk, Tesla (NASDAQ:TSLA) Inc’s chief executive, testified on Friday that investors do not always react to his Twitter messages as he expects, defending himself in a fraud trial over his 2018 tweet that he had funding to take the electric carmaker private. Musk’s testimony began with questions about his use of Twitter, the social
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Asia FX Drifts Lower On Hawkish Fedspeak, Weekly Losses On Tap 0
- Uncategorized
- January 20, 2023
Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential recession this year. China-exposed currencies were the worst performers this week, even as data released earlier showed that the country’s economy was beginning to pick
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Oil Prices Rise As China Optimism Grows Ahead of Lunar New Year 0
- Economy
- January 20, 2023
Oil prices rose further on Friday, and were set to end the week higher as optimism over an eventual recovery in Chinese demand this year largely offset fears that a global economic slowdown will dent crude markets. Markets are betting on a strong boost to the Chinese economy from the week-long Lunar New Year holiday,
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Dr. Martens Plunges After Fresh Profit Warning 0
- World
- January 19, 2023
Dr. Martens (LON:DOCS) stock plunged at the open on Thursday to a new all-time low, after the bootmaker was forced to cut its forecasts once again in response to problems in North America. Dr. Martens said a variety of operational problems had created a bottleneck at its new distribution center in Los Angeles, leaving U.S.
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Asia FX Weakens On recession Wo Yen Supported By Yield Cap Bets 0
- Economy
- January 19, 2023
Most Asian currencies retreated on Thursday as weak U.S. economic data pushed up fears of a potential recession, while the Japanese yen recouped most of its recent losses on speculation that the Bank of Japan may yet increase its yield control range. The yen was the best-performing Asian currency for the day, rising 0.5% to
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