By Chibuike Oguh NEW YORK (Reuters) -The dollar hit a one-month high versus the euro on Tuesday in the wake of a string of trade agreements between the United States and its major trade partners, while markets await interest rate decisions from the Federal Reserve and the Bank of Japan. U.S. President Donald Trump struck …
Dollar reaches one-month high versus euro on trade deal optimism, Fed in view Read More »
By Twesha Dikshit, Ragini Mathur and Johann M Cherian (Reuters) – European stocks closed higher on Tuesday, buoyed by financials and defence stocks, though Danish stocks logged their biggest one-day drop of the year as Novo Nordisk’s shares slid after the weight-loss drug maker issued a profit warning. The Wegovy producer, once a market darling, …
European stocks close up; Novo Nordisk logs its biggest daily drop on record Read More »
JOHANNESBURG (Reuters) -A top South African diplomat said on Tuesday that U.S. demands on domestic affirmative action policies were complicating efforts to secure a trade deal, days before a 30% tariff on South African exports to the U.S. takes effect. South Africa has tried for months to persuade U.S. President Donald Trump’s administration to lower …
South Africa says US pushback against domestic race policies complicating trade deal Read More »
By Aatreyee Dasgupta (Reuters) -Air conditioner maker Carrier Global beat analysts’ estimates for second-quarter profit and revenue on Tuesday, but a late start to the summer led to a fall in orders from residential customers. The company now expects residential organic sales to rise a mid-single digit percentage this year, down from its prior forecast …
Carrier tops quarterly results estimates, but residential orders fall Read More »
WASHINGTON (Reuters) -U.S. job openings and hiring decreased in June amid steep declines in the accommodation and food services sector, pointing to a further slowdown in labor market activity. Job openings, a measure of labor demand, dropped 275,000 to 7.437 million by the last day of June, the Labor Department’s Bureau of Labor Statistics said …
CAIRO (Reuters) -Egypt’s economy likely grew 4.0% in the fiscal year that ended in June, a slight upward revision from the 3.8% forecast in April, a Reuters poll showed, as reforms tied to IMF financing and stronger manufacturing activity support a gradual recovery. Growth in gross domestic product was projected to accelerate to 4.6% this …
Egypt’s growth outlook improves slightly as reforms take root- Reuters poll Read More »
By Marleen Kaesebier and Javi West Larrañaga (Reuters) -The outlook for European corporate health has improved, the latest earnings forecasts showed on Tuesday, after the European Union struck a framework trade deal with the U.S. on Sunday after weeks of negotiations. European companies are expected to report growth of 1.8% in second-quarter earnings, on average, …
European second-quarter corporate profits expected to rise after EU-US tariff deal Read More »
By Asif Shahzad ISLAMABAD (Reuters) -Pakistan’s Finance Minister Muhammad Aurangzeb has left for his second visit to the United States in two weeks to finalise a trade deal with Washington, his office said late on Monday. The trip comes after Foreign Minister Ishaq Dar said on Friday that the U.S. and Pakistan were “very close” …
Pakistan’s finance minister heads to US to finalise trade deal Read More »
JAKARTA (Reuters) -Foreign direct investment (FDI) into Indonesia dropped 6.95% in the second quarter from a year earlier to 202.2 trillion rupiah ($12.3 billion), investment ministry data showed on Tuesday, marking the deepest contraction in five years. Rising geopolitical tensions have eroded appetite for investment in the country, Investment Minister Rosan Roeslani said at a …
Indonesia’s FDI drops 6.95% y/y in Q2, biggest fall since 2020 Read More »
HONG KONG (Reuters) -Hong Kong’s home prices were largely unchanged for a second consecutive month in June on lower mortgage rates, government data showed on Tuesday, signalling stabilization after recent steep declines. BY THE NUMBERS Private home prices edged up 0.03% in June from the month before, following a revised 0.03% rise in May, data …
Hong Kong home prices flat for second month in June Read More »
