A man walks past an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar, Euro and other foreign currencies outside a brokerage in Tokyo, Japan May 2, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing Rights 10-year Treasury yields hit 16-year high above 4.8% Yen jumps; Japan officials not …
Read More »Hedge funds see Mexico and Ecuador as China alternatives
LONDON, Oct 3 (Reuters) – Geopolitical tensions and a weakening economy are driving hedge funds to consider alternatives to investing in China. Turmoil in China’s property sector has rattled world markets and hurt the outlook for the world’s No. 2 economy. Many U.S.-based hedge fund investors have cut their exposure …
Read More »Japan finance minister reiterates warning on currency market moves
Japanese Finance Minister Shunichi Suzuki speaks with the media after a meeting of G7 leaders on the sidelines of G20 finance ministers’ and Central Bank governors’ meeting at Gandhinagar, India, July 16, 2023. REUTERS/Amit Dave/File Photo Acquire Licensing Rights TOKYO, Oct 3 (Reuters) – Japanese Finance Minister Shunichi Suzuki said …
Read More »Morning Bid: New quarter, same old market dynamics
A man is reflected on an electric monitor displaying a stock quotation board outside a bank in Tokyo, Japan, June 5, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing Rights Oct 3 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Yet another surge …
Read More »Morning Bid: October market fillip as government stays open
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights A look at the day ahead in U.S. and global markets by Mike Dolan A six-week reprieve for U.S. government funding that keeps public …
Read More »China’s Chery takes aim at Europe with SUVs from three car brands
A car logo of Chinese automobile manufacturer Chery seen at a dealership in Vladivostok, Russia, March 22, 2023. REUTERS/Tatiana Meel/File Photo Acquire Licensing Rights LONDON, Oct 2 (Reuters) – Chinese automaker Chery Automobile (CHERY.UL) will launch SUV models from three car brands in Europe over the next two years and …
Read More »How China-West tensions will shape global markets
LONDON, Oct 2 (Reuters) – Tensions between the West and China are rising, from tit-for-tat trade tariffs to tech rivalry and spying allegations. The ramifications for global markets are significant, with Washington and Beijing’s determination to loosen dependence on each other fraying long-established supply chains. That could help keep inflation …
Read More »Japan stocks soar as yen hits 1-year low
A passerby is reflected on an electric monitor displaying the graph of recent moments of the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan May 2, 2023. REUTERS/Issei Kato/File photo Acquire Licensing Rights TOKYO, Oct 2 (Reuters) – Japanese stocks soared on Monday, with …
Read More »Buoyant dollar pushes fragile yen to within striking distance of 150
Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights SINGAPORE, Oct 2 (Reuters) – The dollar kicked off the last quarter of the year on the front foot on Monday as …
Read More »Japan puts the brakes on lucrative used-car trade with Russia
TOKYO, Oct 2 (Reuters) – Japan’s move to bar most used-car sales to Russia slammed the brakes on a trade nearing $2 billion annually that had boomed in the shadow of sanctions over Ukraine elsewhere, according to trade data and market participants. In early August, Japan’s government banned exports of …
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