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#Japan’s #economy likely contracted an annualised 1.5% in the January-March quarter as all key drivers of growth slumped due to an uncertain outlook, a Reuters poll showed, which will probably set back #Bank_of_Japan efforts to raise interest rates. Cabinet Office data due out at 8:50 a.m. on May 16 (2350 GMT on May 15) […]
#Japan_economy expected to #shrink in #Q1 due to weak #consumption : Read More »
#Quarterly #earnings #reports from #Chinese #e_commerce giants #Alibaba (NYSE:#BABA) and #JD (NASDAQ:#JD).com this week will be closely watched as barometers for the mood of consumers in the world’s second-largest economy. Both firms, which combined account for about 69% of #China’s e-commerce market revenue, according to DBS estimates, have faced increasing competition in recent years
#Chinese #e_commerce #giants face delicate #balance between #discounts, #profit : Read More »
Shares of #China’s #Zeekr Intelligent #Technology were expected to #start trading on the #New_York_Stock Exchange on Friday, after the electric-vehicle maker’s initial public offering was priced at the top end of its marketed range. The debut would mark the first #major U.S. listing by a Chinese #company since 2021 amid fierce competition in China
#Chinese EV maker #Zeekr to vie for #USA_investors’ #attention with #NYSE #debut : Read More »
The #USA_Federal_Reserve is likely to cut interest rates this year, according to #Atlanta #Federal Reserve President #Raphael #Bostic, even if the timing remains uncertain. “I still have that belief” that interest rates can be lowered this year, Bostic said in an interview with #Reuters published earlier Friday, despite inflation remaining well above the central
#Fed likely to cut #interest #rates this year as #economy slows #Bostic : Read More »
#USA_equity funds registered their first weekly inflow in six weeks in the seven days to May 8 thanks to a softer than anticipated payrolls report that revived hopes that the #Federal_Reserve would trim #interest rates this year. Investors acquired a net $1.14 #billion worth of U.S. equity funds during the week, marking their first
#USA_equity #funds gain weekly inflows #amid renewed hopes of #rate cut : Read More »
#USA_stocks #rose Friday, on track to post weekly gains on the back of a strong earnings season and hopes for monetary easing. At 09:35 ET (13:35 GMT), the #Dow_Jones Industrial Average rose 80 points, or 0.2%, the S&P 500 gained 13 points, or 0.3%, and the NASDAQ Composite climbed 40 points, or 0.2%. The main #Wall_Street indexes are on
#USA_stocks #edge higher strong #earnings #prompt weekly gains : Read More »
#Oil_prices #rose on Thursday as falling U.S. #crude inventories amid rising refinery intake and a rise in #Chinese imports last month supported higher demand expectations for the world’s two largest crude consuming nations. #Brent crude futures for July rose 64 cents, or 0.8%, to $84.22 a #barrel by 0812 GMT. U.S. West #Texas Intermediate
#Oil #rises on #USA_crude #storage #draw, #China imports up : Read More »
#Japan’s top steelmaker, #Nippon_Steel, is sticking to its plan to close a deal by year-end to buy U.S. Steel, which it expects to boost output and profits, the company said on Thursday, despite resistance to the transaction in the #USA In December, Nippon Steel offered nearly $15 billion to take over iconic U.S. #Steel,
#Japan’s #Nippon #Steel #sticks to #plan to close #USA #Steel deal by year-#end : Read More »
#The_pound slipped against the #dollar on Thursday ahead of a #Bank_of_England (#BoE) policy meeting, while hawkish opinions from Bank of #Japan (#BOJ) members helped slow the yen’s fall. The dollar index rose as traders start to focus on U.S. inflation data due next week and its implications for #Federal_Reserve policy. Sterling fell 0.2% to $1.2472, moving
#Sterling slips ahead of BoE meeting; hawkish #BOJ 3policymakers pause #yen slide : Read More »
A coin called #TON has leapt in value in recent months, with investors betting its integration with messenger #service #Telegram could bring the cryptocurrency to the app’s estimated 900 #million users. Telegram endorsed #TON in September last year, saying the blockchain and associated token would be its “official #Web3 infrastructure”. Earlier this month, TON
#Cryptoverse: #TON takes off on #Telegram tie-up : Read More »