Tag: cent
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Dollar steady as traders await key US inflation data
NEW YORK, Aug 11 : The U.S. dollar was steady on Tuesday ahead of Wednesday’s highly anticipated consumer inflation report for July, which could shape near-term expectations for Federal Reserve policy.Traders trimmed bets on a September Fed hike after Friday’s jobs report showed employers unexpectedly cut pay
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Exclusive-Sri Lanka central bank sees no need for further rate hikes this year, governor says
COLOMBO, Aug 11 – Sri Lanka’s central bank sees no need for more interest rate increases this year after its big, unexpected hike in May, with inflation expected to peak around current levels before easing back towards the 5 per cent target next year, Governor P. Nandalal Weerasinghe told Reuters on Tuesday.S
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Philippines’ Marcos proposes $118 billion budget for 2027
MANILA, Aug 11 : Philippine President Ferdinand Marcos Jr. asked Congress on Tuesday to approve a 7.2 trillion-peso ($118.1 billion) budget for 2027, 6 per cent higher than this year, as his government sought to regain momentum after a sharp economic slowdown and a corruption scandal that has slowed infrastructure s
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Malaysia’s June industrial production up 6.5%, below forecast
KUALA LUMPUR, Aug 11 : Malaysia’s industrial production index in June rose 6.5 per cent from a year earlier, below expectations, government data showed on Tuesday.June’s factory output had been forecast to expand 7 per cent, according to 11 economists surveyed in a Reuters poll.May’s reading was revi
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Dollar gains, yen weakens as markets eye US CPI
NEW YORK, Aug 10 : The U.S. dollar gained as oil prices increased ahead of Wednesday’s closely watched consumer price inflation report for July, after a much weaker-than-expected jobs report on Friday cast doubt on the likelihood of a near-term Federal Reserve rate hike.Fed funds futures traders are now prici
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Dollar near two-month trough as US inflation data awaited
HONG KONG, Aug 10 : The U.S. dollar hovered near a two-month low against major currencies on Monday as investors awaited this week’s inflation data for clues on the Federal Reserve’s rate path.The euro edged higher to $1.1558, hovering near its strongest level since mid-June, while sterling was steady at $1.3
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Three in five Americans favor stronger oversight of social media companies, Reuters/Ipsos poll finds
WASHINGTON, Aug 9 : A bipartisan majority of Americans support more government rules for how social media companies conduct business, including a requirement of age-verification tools to keep younger children off social media, according to a Reuters/Ipsos poll. The poll, which was conducted over the six days
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US stocks, bonds rally after soft jobs report; yen bounces back
LONDON, Aug 7 : Global stocks headed for their strongest weekly gain since May after a weaker-than-expected U.S. jobs report eased fears of an imminent Federal Reserve rate hike, while strong earnings and AI enthusiasm outweighed concerns about the Iran war.U.S. stocks opened higher on Friday and Treasury yie
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Stocks, dollar steady ahead of US jobs report; oil wobbles
LONDON, Aug 7 : Global stocks headed for their strongest weekly gain since May on Friday, ahead of major U.S. jobs data, as investor optimism over robust earnings growth and enthusiasm over AI helped offset concern about the conflict in the Middle East.MSCI’s All-World index has risen 2.4 per cent this week,
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Eutelsat sees revenue growth as OneWeb expands, shares drop on margin outlook
Aug 7 : Eutelsat said on Friday it expected slight revenue growth in 2027 as rapid expansion of its OneWeb satellite connectivity business offsets declines elsewhere, though weaker-than-expected profitability sent its shares down as much as 8 per cent.The company said it expected slight growth in operating re
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