Tag: cent
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Stocks extend rally on Gulf breakthrough hopes, oil hits two-month lows
SYDNEY, June 12 : Asian stocks joined a global rally on Friday on hopes a Middle East peace deal may finally materialise, while the dollar and bond yields dropped and oil prices fell to two-month lows, tempering inflation fears. All eyes are on the hotly-awaited market debut of Elon Musk’s SpaceX, which has m
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Trading Day: Peace beckons … again
ORLANDO, Florida, June 11 : Wall Street staged its biggest bounce in two months on Thursday, and oil and bond yields tumbled, after U.S. President Donald Trump canceled planned strikes on Iran and said a peace deal could be signed as soon as this weekend. In my column today, I look at why the record-breaking
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Four developed market central banks are now hiking rates
MILAN/LONDON, June 11 : The developed market rate-hiking club is getting bigger, as the European Central Bank on Thursday joined counterparts in Australia, Norway and Japan in tightening monetary policy, while more central banks are set to follow in the coming months. The Strait of Hormuz is still effectively
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On brink of IPO, Musk’s SpaceX already a household name, Reuters/Ipsos poll finds
WASHINGTON, June 11 : Even before going public, Elon Musk’s SpaceX has become a household name in America — more widely recognized than legacy Apollo-era companies and even prominent 2028 presidential hopefuls, according to a Reuters/Ipsos poll.For the last decade, SpaceX rockets have regularly returned t
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World Bank says Indonesia’s GDP to slow to 5% in 2026 as fiscal pressures rise
JAKARTA, June 11 : The World Bank said on Thursday that Indonesia’s economic growth was expected to slow to 5 per cent in 2026 as it comes under increasing fiscal strain from an ambitious spending programme and the rising cost of fuel subsidies in the wake of the Iran war. The forecast by the World…
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Wall St futures slip as tech losses mount ahead of key inflation data
June 10 : U.S. stock index futures fell on Wednesday as technology stocks extended losses, while renewed tensions between the U.S. and Iran weighed on sentiment ahead of a key inflation report.Volatility has picked up across stock markets in recent days, as investors contend with a widening array of risks, in
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Half of Americans fear AI could put someone in their household out of work, Reuters/Ipsos poll finds
WASHINGTON, June 10 : Half of Americans fear that the rise of AI could put them or someone in their household out of work, according to a new Reuters/Ipsos poll that also showed widespread angst at how widely the technology is being adopted.The six-day survey, completed on Monday, found that 53 per cent of Am
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Dollar holds steady as US-Iran tensions and inflation data loom
TOKYO, June 10 : The dollar held steady against its peers on Wednesday as markets remained on edge over the latest clash between the U.S. and Iran, while investors awaited key U.S. inflation data for clues on the Federal Reserve’s rate path.The U.S. military struck Iranian targets after President Donald Tru
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BOJ set to raise key rate to 1.0% in June, 1.25% by year-end: Reuters poll
TOKYO, June 10 : The Bank of Japan will raise its key interest rate this month and again in the fourth quarter, taking borrowing costs to 1.25 per cent by year-end, as it grows more wary of inflation risks than downside hazards to the economy, a Reuters poll of economists showed.BOJ Governor Kazuo Ueda all…
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Japan wholesale inflation accelerates to fastest in 3 years as energy costs spike
TOKYO, June 10 : Japan’s wholesale inflation accelerated in May at the fastest pace in three years as price pressures from the Middle East war broadened, data showed on Wednesday, adding to the case for further interest rate hikes by the central bank.The Bank of Japan meets next week and is expected to delive
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