SHANGHAI (Reuters) -China’s yuan finished the domestic trading session at a six-month high against the dollar on Tuesday, underpinned by an unwinding of carry trades and a broader rush out of U.S. assets and back into Asia. The onshore yuan ended the domestic session at 7.2169 per dollar, the strongest such close since November 11, …
China’s yuan ends at six-month high as carry trades unwind Read More »
KUALA LUMPUR (Reuters) -Malaysia’s exports will be impacted more by global economic growth and trade than by currency fluctuations, its trade minister said on Tuesday, while flagging a potential slowdown in outbound shipments. Trade Minister Tengku Zafrul Aziz said exports rose significantly in the first quarter of 2025 as companies were frontloading orders to get …
Malaysia’s exports impacted more by global economy than FX moves, minister says Read More »
(Reuters) – IAC reported a rise in core profit in the first quarter on Monday, driven by lower expenses and steady growth in its largest business. Dotdash Meredith, IAC’s biggest business, which owns and operates top brands such as Food & Wine magazine and Investopedia, reported a 7% rise in digital revenue, thanks to higher …
IAC’s core profit rises on strength from Dotdash Meredith Read More »
(Reuters) – U.S. President Donald Trump’s tariffs are increasingly clogging up the wheels of a world economy which for decades were greased by predictable and relatively free trade. Big-name multinationals right down to niche e-commerce players last week cut sales targets, warned of job cuts and reviewed their business plans, while major economies revised down …
Global economy already feeling drag from Trump tariffs Read More »
By Fergal Smith TORONTO (Reuters) -Canada’s services economy contracted for a fifth straight month in April as uncertainty around trade policy and the Canadian general election weighed on activity, S&P Global’s Canada services PMI data showed on Monday. The headline Business Activity Index was at 41.5 last month, edging up from a near five-year low …
Canada’s services PMI shows steep contraction in April activity Read More »
(Reuters) – Loews Corp reported a fall in first-quarter profit on Monday, hurt by higher catastrophe losses in its insurance subsidiary. Extreme weather has been a persistent trouble for the insurance industry, which is liable to pay for damages caused by such events. The Los Angeles wildfires in January, which reduced entire neighborhoods to smoldering …
Loews first-quarter profit falls on higher catastrophe losses Read More »
By Nicolás Misculin BUENOS AIRES (Reuters) -Christian Bialogurski, 35, often spends 12 hours a day teaching communications classes at schools in the Buenos Aires suburbs, sometimes not eating until he returns home at night to save costs. The Argentine’s monthly salary – in a good month the equivalent of $450 – covers his travel and …
In Milei’s Argentina ‘economic miracle’, not everyone’s a winner Read More »
SAO PAULO (Reuters) – Brazilian Finance Minister Fernando Haddad said Brazil and the U.S. are negotiating the terms of an understanding on tariffs. Haddad said on Sunday that he spoke to U.S. Treasury Secretary Scott Bessent “on behalf of the region,” since according to him, it doesn’t make sense to impose tariffs on South America …
(Reuters) -Gold will continue to outperform silver, Goldman Sachs said in a note on Monday, citing strong central bank demand for bullion as a factor that has structurally elevated the gold-silver price ratio. As a result, the bank does not expect silver to catch up with the ongoing gold rally. The gold-silver ratio, which measures …
Gold to continue outperforming silver, Goldman Sachs says Read More »
(Reuters) – Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and its allies, OPEC+, to accelerate oil output increases, the bank said in a note dated Sunday. The bank now expects Brent crude to average $60 per barrel for the rest of 2025 and $56/bbl in …
Goldman Sachs lowers oil price forecast after OPEC+ decision to boost output Read More »
