Tag: per
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Dollar gains as oil climbs and investors focus on the Fed
Oct 7 : The US dollar edged higher on Wednesday, buoyed by rising oil prices, while investors awaited Federal Reserve meeting minutes and remarks from policymakers for signals on a potential rate hike.The euro gave back some of its gains in the prior session when French bonds rallied after the frontrunner
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Shares of Japan beer makers fall after raids over cartel suspicion
TOKYO, Oct 7 : Shares of major Japanese beer makers fell nearly 4 per cent on Wednesday after Japan’s Fair Trade Commission said it raided the country’s four major beer makers on suspicion of collusion in sales of beer and other products to wholesalers. The beer divisions of Kirin Holdings Co, Asahi Group H
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Dollar recoups losses as markets await Fed minutes, speakers
TOKYO, Oct 7 : The US dollar recouped some losses on Wednesday as eyes turned to the release of Federal Reserve minutes and speeches by its policymakers for signals on a potential rate hike.The euro gave back some of its gains in the prior session when French bonds rallied after the frontrunner in next sprin
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Oil prices rise as storms and air strikes threaten supply
PERTH, Oct 7 : Oil prices rose on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen’s Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude. Brent futures rose 93 cents, or 0.92 per cent, to $101.51 a barrel
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Analysis:Vietnam’s banks tap investors for $7 billion as economy runs red hot
HANOI, Oct 7 : Vietnamese banks are planning nearly $7 billion in share sales as the country’s fast-growing economy fuels demand for capital, opening a window for foreign investors to expand in the tightly controlled sector.Communist-run Vietnam, which reported growth of nearly 10 per cent in the last quarter
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Dollar holds losses as markets await Fed minutes, speakers
TOKYO, Oct 7 : The US dollar remained lower on Wednesday after stress in European bond markets abated and as eyes turned to the release of Federal Reserve minutes and speeches by its policymakers for signals on a potential rate hike.The euro surged by the most in seven weeks in the prior session as French…
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Japan’s real wages rise for eighth straight month in August
TOKYO, Oct 7 : Japan’s real wages rose 1.5 per cent in August from a year earlier, marking the eighth consecutive month of gains, government data showed on Wednesday, pointing to a continued recovery in wage growth. • The solid wage data supports the case for the Bank of Japan to continue raising interest
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Samsung’s Q3 profit seen jumping nine-fold, but chip margins may be flat
SEOUL, Oct 7 : Samsung Electronics is expected to report a nearly nine-fold jump in third-quarter operating profit, driven by robust AI demand, though analysts have cut forecasts by nearly 8 per cent since the end of August.Despite moderating gains in the prices of memory chips and a strengthening South Korea
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US stocks hit fresh records as oil stabilises on rising supplies
NEW YORK: Stock markets firmed Tuesday with the Nasdaq and S&P 500 hitting record highs in the United States, as oil prices retreated on easing supply worries, which helped temper concerns about rising government borrowing costs.On Wall Street, the technology-focused Nasdaq index advan
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Euro bounces as decline in French bond yields cools debt jitters
NEW YORK, Oct 6 : The euro rebounded on Tuesday and was poised for its strongest move higher in seven weeks after falling to a 17-month low on the prior day, as a pullback in French government bond yields eased fears about strain in euro zone debt markets.The euro zone’s currency jumped 0.35 per cent,…
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