Wednesday , October 4 2023

Tag Archives: GEN

Euro parity is back on the dial for FX markets

Euro outlook deteriorates on high oil prices Don’t rule out a move to parity, analysts say Euro shed 3% in Q3, on track for 3rd year of losses LONDON, Oct 4 (Reuters) – Resurgent oil prices hurting a deteriorating economy and renewed concerns about Italy’s fiscal position mean headwinds for …

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‘Election fear’ stalks Argentina’s markets as volatile vote nears

[1/4]Demonstrators camp outside Argentina’s presidential palace as unemployed and informal workers protest to demand more subsidies from the national government, in Buenos Aires, April 19, 2023. REUTERS/Mariana Nedelcu/File Photo Acquire Licensing Rights BUENOS AIRES, Oct 3 (Reuters) – Argentina’s markets have a new cause for the wobbles – a presidential …

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The crypto market bears the scars of FTX’s collapse

Oct 3 (Reuters) – The global cryptocurrency market remains badly scarred following the tumultuous collapse of crypto exchange FTX and other big players last year, with crypto prices, volumes and venture capital investment well below their 2021 peaks. Sam Bankman-Fried, the former CEO of FTX, stands trial in New York …

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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 …

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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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