Currency Trading
By Chikako Mogi
TOKYO (Reuters) - Asian shares extended gains on Thursday, buoyed by rising global equities overnight on expectations the U.S. Federal Reserve will not rush to end its stimulus program, but investor caution over Chinese markets capped the upside. Continue reading
By Andrew Osborn
ATYRAU, Kazakhstan (Reuters) - British Prime Minister David Cameron flew into Kazakhstan on Sunday to help inaugurate the world’s costliest oil project and seal new business deals, but faced immediate pressure to denounce the country’s poor human rights record. Continue reading
FOSTER CITY, Calif., May 23, 2023 /PRNewswire/ - Visa Inc. (NYSE: V) today announced the appointment of Ryan McInerney as President of Visa Inc. In this role, Mr. McInerney will be responsible for Visa’s global client organization, product management as well as a new solutions group, which will focus on building and bringing to market new products and services to Visa’s issuer, acquirer and merchant clients. Mr. McInerney will report to Charlie Scharf , CEO of Visa Inc. Continue reading
NEW YORK (AP) — Encouraging news about the U.S. economy helped push stock prices higher on Wall Street Friday.
A gauge of future economic activity rose more than analysts had expected, as did a measure of consumer confidence, adding to evidence that the economy is maintaining a steady recovery. Continue reading
Traders decided that the stock market has suffered enough, at least for now.
After a two-day plunge, stocks ended the week with an advance on Friday, suggesting that Wall Street may be successfully weaned from the Federal Reserve’s easy money after all.
“Saner heads are prevailing,” said Jim Dunigan, chief investment officer at PNC Wealth Management. “People are looking a little deeper into the message from the Fed — the economy is getting better,” he said. “At the end of the day that’s a positive.” Continue reading
By Stella Mapenzauswa
PRETORIA (Reuters) - Higher global demand for its exports unexpectedly shrank South Africa‘s current account deficit in the first quarter of the year, a trend that could continue if the sharply depreciated rand remains weak.
Consumer inflation for May also slowed more than expected, giving the Reserve Bank more space to keep interest rates at four-decade lows to try to revive flagging growth in Africa’s biggest economy. Continue reading
By Clare Hutchison
LONDON (Reuters) - Western government sanctions against Iran suffered a big setback on Wednesday when Britain’s top court ruled that the government was wrong to have imposed sanctions on the biggest Iranian private bank over alleged links to Tehran’s nuclear programme.
The Bank Mellat case and more than 50 like it pending at the European Union’s two highest courts have clouded the future of EU sanctions and alarmed Washington, which relies on European support to throttle Iran‘s links to the global economy in hopes of getting it to curb its disputed pursuit of nuclear power. Continue reading
By Ian Chua
SYDNEY (Reuters) - Japanese stocks started trade on Wednesday with a spring in their step thanks to a positive lead from Wall Street and a softer yen, but the rest of Asia was restrained as investors waited for clarity on the Federal Reserve‘s next policy step. Continue reading
By Kanupriya Kapoor and Jonathan Thatcher
JAKARTA (Reuters) - Indonesia‘s parliament debated measures on Monday to open the way for a jump in fuel prices after months of delay that have undermined confidence in the government and the ability of Southeast Asia’s biggest economy to continue rapid growth. Continue reading
TSX falls as stimulus concerns weigh on banks
TORONTO (Reuters) - Canada‘s main stock index slipped in early Friday trade, led by declines in financials and industrials, as investors fretted about a possible pullback in global central bank stimulus programs. The Toronto Stock Exchange‘s S&P/TSX composite index < .gsptse> was down 28.90 points or 0.24 percent, at 12,248.23 shortly after the open. Continue reading