Economy

China Q4 GDP Slows on COVID Woes, But Beats Expectations 0
- Economy
- January 17, 2023
The Chinese economy grew at a slower pace in the fourth quarter of 2022, data showed on Tuesday, as disruptions caused by the country’s now relaxed zero-COVID policy weighed heavily on business activity, although the reading still beat expectations. Chinese gross domestic product (GPD) grew at an annualized rate of 2.9% in the three months
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Crude Oil Lower; Monthly Demand Reports in Focus 0
- Economy
- January 16, 2023
Oil prices fell Monday, consolidating after last week’s strong gains ahead of the release of demand forecasts from the OPEC and the IEA as well as a deluge of potentially influential economic data due this week. By 04:35 ET (09:35 GMT), U.S. crude futures traded 0.7% lower at $79.55 a barrel, while the Brent contract
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Asian Stocks Rally On China Stimulus, Japan Hit By BOJ Uncertainty 0
- Economy
- January 16, 2023
Most Asian stock markets surged on Monday, with Chinese indexes in the lead after the government rolled out more stimulus measures, while fears of more hawkish moves from the Bank of Japan saw local stocks tumble. China’s blue-chip Shanghai Shenzhen CSI 300 index was the best performer in Asia, rallying 2% to a near five-month
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UBS has No Desire to Buy Credit Suisse, Chairman Tells Newspaper 0
- Economy
- January 14, 2023
UBS has no interest in buying fellow Swiss lender Credit Suisse, the bank’s Chairman Colm Kelleher said in a interview published on Saturday. The former Morgan Stanley (NYSE:MS) president said he was focused on organic growth rather than acquisitions and expanding its business in the United States as he ruled out any move to buy
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Dollar Weakens in Wake of CPI Release; Yen Climbs Ahead Of BOJ 0
- Economy
- January 13, 2023
The U.S. dollar edged lower in early European trade Friday, continuing the previous session’s selloff after cooling U.S. inflation opened the way for the Federal Reserve to ease the pace of its interest rate hikes. At 03:05 ET (08:05 GMT), the US Dollar Index, which tracks the greenback against a basket of six other currencies,
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Asia FX Heads For Weekly Bounce, Dollar at 7-Mth Low on Easing Inflation 0
- Economy
- January 13, 2023
Most Asian currencies crept higher on Friday and were headed for steep weekly gains on the prospect of an eventual shift in the Federal Reserve’s hawkish stance, which also pushed the dollar to a seven-month low. The Japanese yen rose 0.1% to an over seven-month high against the dollar of 129.14, and was among the
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