By Krystal Hu (Reuters) – Venture capital firm Eclipse has hired former Trump administration trade advisor Thomas Storch as its first head of policy and government affairs, the latest Silicon Valley firm seeking to build a larger presence in Washington and establish a line of communication with the administration on policymaking. The move comes as …
VC firm Eclipse taps former Trump trade advisor to lead policy Read More »
DUBAI (Reuters) -Iran’s currency fell below the psychologically key level of 1,000,000 rial per U.S. dollar on Tuesday, as market participants saw no end in sight to sanctions under U.S. President Donald Trump’s renewed “maximum pressure” campaign. Trump said earlier this month that he had sent a letter to Iran’s top authority, Supreme Leader Ayatollah …
Iran’s currency drops to a record low amid geopolitical uncertainty Read More »
(Reuters) – Goldman Sachs on Wednesday maintained its London Metal Exchange copper price forecasts for the next year, and said it expected the implementation of U.S. tariffs on copper imports to prevent a U.S. stock glut in the third quarter. Goldman forecasts three-, six-, and twelve-month LME copper prices at $9,600, $10,000 and $10,700 per …
Goldman maintains copper price forecasts, says tariffs will avert US glut Read More »
JAKARTA (Reuters) – The Indonesian central bank said it is ready to intervene to stabilise the rupiah, which on Wednesday stayed close to its lowest levels since 1998 even as officials said market sentiment was positive and economic fundamentals were resilient. There was positive sentiment in domestic stocks, bonds and the foreign exchange market, said …
Bank Indonesia says ready to stabilise rupiah, which is near 27-year low Read More »
GDANSK (Reuters) – The Warsaw Stock Exchange reported a more than 2% year-on-year increase in full-year core profit late on Tuesday, primarily driven by higher sales revenue from strong growth in the stock markets. WHY IT’S IMPORTANT The WSE is the largest stock exchange in Central and Eastern Europe by total market capitalisation, standing at …
Warsaw Stock Exchange’s core profit rises on record revenue growth Read More »
By Stella Qiu SYDNEY (Reuters) -Australia’s consumer inflation slowed in February, helped by a fall in electricity prices, while the continued easing in home building costs and rents supported the case for more rate cuts in the months ahead. Data from the Australian Bureau of Statistics on Wednesday showed the monthly consumer price index was …
Australian inflation ticks lower in February, backs bets for more rate cuts Read More »
SYDNEY (Reuters) – The Australian government plans to borrow more than indicated in the 2024/25 financial year, its debt arm said on Wednesday, after it announced several cost-of-living relief measures in the federal budget ahead of a national election due by May. Following the government’s budget on Tuesday, the Australian Office of Financial Management said …
Australian government raises borrowing requirement after federal budget Read More »
By Noel Randewich (Reuters) -Wall Street stocks ended higher on Tuesday, with Apple rising and Nvidia dipping as investors assessed consumer sentiment data and bet on a more flexible trade policy stance from the Trump administration next week. U.S. President Donald Trump said on Monday that automobile tariffs were coming soon, while suggesting that not …
US stocks end higher as traders focus on tariffs, data Read More »
By Rodrigo Campos (Reuters) – The International Monetary Fund said on Tuesday discussions with Argentina on a new program are “advanced,” and that fund staff and its board have also met as part of the program’s proceedings. The IMF board was expected to meet on Tuesday, with Argentina’s qualification for a new program under the …
IMF says talks with Argentina on a new program are ‘advanced’ Read More »
By Fergal Smith (Reuters) – Canada’s main stock index edged up to a near one-month high on Tuesday as investors set aside lingering uncertainty about U.S. trade tariffs and bet that seasonality could soon begin working in the market’s favor. Toronto Stock Exchange’s S&P/TSX composite index ended up 35.40 points, or 0.1%, at 25,339.51, its …
TSX posts near one-month high as investors eye seasonal boost Read More »
