Analysis-Global refiners face profit slump as new plants come online
By Ahmad Ghaddar, Trixie Yap and Shariq Khan LONDON/SINGAPORE/NEW YORK (Reuters) – Oil refiners in Asia, Europe and the United States are facing a drop in profitability to multi-year lows,…
ThinkMarkets UK’s 2023 Profit Dived 71%: Client Acquisition and Deposits Boosted
The British entity that operates ThinkMarkets, a forex and contracts for differences (CFDs) broker, ended 2023 with an annual turnover of over £2.4 million, a 14.2 percent decline from the…
Asia FX rises as rate cut dents dollar; yen firms as BOJ holds course
Investing.com– Most Asian currencies firmed on Friday, while the dollar nursed losses after the Federal Reserve cut rates by a wide margin and kicked off an easing cycle. The Japanese…
Stay long on the yen amid rate hikes, improving growth- BCA
Investing.com– BCA Research said bets on a stronger Japanese yen were becoming more entrenched amid attractive valuations in local assets, the prospect of more interest rate hikes and an improving…
Oil prices drift lower but set for positive week after rate cut
Investing.com– Oil prices fell slightly in Asian trade on Friday as traders locked-in recent profits, with crude headed for a weekly gain as a bumper U.S. interest rate cut helped…
Oil prices set to end week higher after US rate cut
SINGAPORE (Reuters) – Oil prices, which were little changed in early Asian trade on Friday, were on track to end higher for a second straight week following a large cut…
USTR to take comments on tariff hikes for Chinese polysilicon, wafers, tungsten
WASHINGTON (Reuters) – The U.S. Trade Representative’s office said on Thursday it will accept public comments starting on Monday on its plans for steep tariff increases on Chinese polysilicon, silicon…
Oil ends more than 1% higher on US rate cut, declining crude stockpiles
By Shariq Khan NEW YORK (Reuters) – Oil prices extended their recent recovery rally and rose more than 1% on Thursday as a large cut in U.S. interest rates and…
Dollar slips in choppy trading as traders grapple with Fed’s giant rate cut
By Chibuike Oguh and Stefano Rebaudo NEW YORK (Reuters) -The U.S. dollar edged slightly lower in choppy trading on Wednesday as markets grappled with the supersized 50 basis point interest…
Robinhood Nets Jersey Sponsorship Deal with NBA Memphis Grizzlies
Robinhood will sponsor the American professional basketball team Memphis Grizzlies as the official jersey patch partner. This partnership, set to begin in the 2024-25 NBA season, will place the fintech…
