Middle East oil market weakens as glut concerns gain traction
The IEA, meanwhile, projects output will exceed consumption by 3.8 million barrels a day in 2026 The Middle Eastern oil market has weakened in recent weeks on concern that regional…
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Hedging costs ‘becoming too much’ as US dollar weakens, says Temasek chief
However, rotating out of US equities is ‘not easy’, adds executive director and CEO Dilhan Pillay The US dollar’s recent weakness against major currencies such as the euro and Singapore…
Indonesia weighs new central bank mandate; rupiah weakens
INDONESIAN lawmakers are weighing changes at the central bank that include a broader mandate and a lower bar for removing senior officials, heightening investor concerns about the monetary…
Gold scales new high as US dollar weakens ahead of Fed meeting
Lower interest rates reduces the opportunity cost of holding non-yielding bullion Gold prices scaled a record peak on Tuesday (Sep 16), supported by a weaker US dollar ahead of the Federal…
Gold inches higher as US dollar weakens on Fed rate cut hopes
Gold prices edged higher on Thursday (Aug 7), helped by a weaker US dollar on growing expectations of a Federal Reserve rate cut next month, while investors awaited US President Donald…
Siltronic lowers annual revenue guidance as semiconductor business weakens
German semiconductor materials supplier Siltronic on Tuesday lowered its full-year sales guidance and warned on sales in the next quarter, amidst continued weakness in its semiconductor…
Watering Down the SAT Weakens Meritocracy
If we want a society that truly rewards talent and effort, we must preserve and strengthen the tools that make upward mobility possible. Source link
Bank of England keeps rates steady, sees further loosening as jobs market weakens
The Bank of England held interest rates at 4.25 per cent as expected on Thursday (Jun 19) but said it was focused on risks from a weaker labour market and higher energy prices as conflict…
Bulgari CEO eyes India for growth as China luxury demand weakens
LVMH-owned jeweller Bulgari is looking to India to mitigate the effects of faltering luxury demand in China amid an economic slowdown. Bulgari is expanding its footprint in India to take…
Dollar climbs, euro weakens to two-year low after PMI data
THE euro slumped to a two-year low while the dollar gained on Friday (Nov 22) after gauges of business activity were released in each region, while bitcoin again hit a record high as it…
Rafael weakens to tropical storm over Gulf of Mexico after barreling through Cuba as a hurricane
MEXICO CITY (AP) — Rafael weakened Saturday to a tropical storm and was expected to dissolve over the Gulf of Mexico in the coming days after barreling across Cuba as a Category 3…
Ford weakens profit outlook amid price war, shares fall
FORD Motor said on Monday it expects to hit the lower end of its full-year profit guidance, dropping the company’s shares 5 per cent in after-hours trading, as a price war hits the US…
Yen weakens, Japan stocks face pressure on election blow to LDP
THE yen fell to a three-month low and Japanese stocks were set to slip on Monday (Oct 28) after the Liberal Democratic Party (LDP) and its coalition partner were dealt a heavy blow in a…
New Zealand steps up pace of rate cuts as economy weakens
NEW Zealand’s central bank cut interest rates by half a percentage point, stepping up the pace of easing as policymakers become more concerned about the economic slowdown. The Reserve Bank…
Dollar weakens after inflation data, yen surges on Ishiba win
THE dollar fell on Friday (Sep 27) after a reading of US inflation signalled price pressures continue to ebb, while the yen strengthened against the greenback after Shigeru Ishiba, seen as…