Tag: cent
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Yen eases but retains intervention-driven gains
NEW YORK, Aug 4 : The yen eased on Tuesday but held on to most of its gains from last week’s rare coordinated intervention by Tokyo and Washington.The Japanese currency had rallied as much as 5 per cent over the last three trading sessions, with Japan confirming coordinated yen-buying intervention on Friday w
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Caterpillar lifts 2026 sales growth forecast as AI buildout powers on; shares surge 12%
Aug 4 : Caterpillar raised its annual revenue growth forecast after beating second-quarter profit estimates on Tuesday, benefiting from a buildout of AI data centers that has spurred demand for its power-generation and construction equipment.Shares of the company were on track for their best day in over 17 ye
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Caterpillar lifts 2026 sales growth forecast as AI buildout powers on
Aug 4 : Caterpillar raised its annual revenue growth forecast after beating second-quarter profit estimates on Tuesday, benefiting from a buildout of AI data centers that has spurred demand for its power-generation and construction equipment.Shares of the company jumped 11 per cent in premarket trading, sendi
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Stocks rise despite higher oil prices as Iran tensions persist
Aug 4 : European stocks climbed alongside U.S. futures on Tuesday, although a rebound in oil prices underscored market scepticism that the U.S.-Iran war would be resolved quickly through diplomacy.Meanwhile the yen eased, but held on to most of its intervention-driven gains after last week’s joint action by T
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India paves way for return of merchant fees on digital payments
NEW DELHI: India has moved a step closer to reintroducing merchant fees on transactions made through its popular Unified Payments Interface (UPI) after proposed changes to the country’s payments laws were introduced in parliament on Tuesday (Aug 4).UPI, one of the world’s largest real-time payments networks,
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Hong Kong June retail sales rise 4.6%, seem support from visitors growth
HONG KONG, Aug 4 : Hong Kong’s retail sales jumped 4.6 per cent in value in June from a year earlier to HK$31.5 billion ($4.02 billion), marking the 14th month of gains, government data showed on Tuesday.• In May, retail sales jumped 7.9 per cent on the year. • In volume terms, June retail sale
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Stocks rise despite Iran tensions, oil up, yen eases
Aug 4 : European stocks climbed alongside U.S. futures on Tuesday, although a rebound in oil prices underscored market scepticism that the U.S.-Iran war would be resolved quickly through diplomacy.Meanwhile the yen eased slightly, but held on to most of its intervention-driven gains after last week’s joint ac
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Morning Bid: Yen clings to gains but bond pressure builds
A look at the day ahead in European and global markets from Gregor Stuart HunterIf U.S. Treasury Secretary Scott Bessent was hoping for a reprieve from his to-do list, this might be as good as it gets.The Japanese currency weakened for the first time in five sessions on Tuesday, as the dust settled fro
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South Korea inflation cools, but back-to-back rate hike not ruled out
SEOUL, Aug 4 : South Korea’s consumer inflation softened to a three-month low in July, coming in below market expectations on a fall in oil prices, though policymakers remained wary of upward pressures and markets did not rule out a possible back-to-back rate hike this month.The consumer price index (CPI) ros
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Singapore’s Grab lifts 2026 forecasts on solid delivery, ride-hailing demand
The upbeat projections and a new US$750 million share buyback program pushed shares of the Nasdaq-listed company up 3 per cent in extended trading, but the stock is down more than 26 per cent this year.
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