Amplats cuts jobs to save costs as it readies for spin-off
JOHANNESBURG (Reuters) -Anglo American Platinum (Amplats) has cut about 3,700 jobs to reduce spending ahead of a planned demerger from its parent company, it said on Monday. The Johannesburg-based producer…
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 22.07.2024
Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Highlights and key points BTCUSD: The…
US Dollar Strengthens on Bidenβs Dropout. Forecast as of 22.07.2024
Following the debates and the attempted assassination of Donald Trump, the markets demonstrated confidence in a new Republican presidency. Joe Biden appeared to lack the strength to lead effectively and…
Oil market likely to be in surplus next year, Morgan Stanley says
(Reuters) – The crude oil market is currently tight but next year will likely be in surplus, with Brent prices declining into the mid-to-high $70s range, Morgan Stanley said. The…
Gold prices edge higher as Biden pulls out of presidential race
Investing.com– Gold prices rose slightly in Asian trade on Monday, with the yellow metal seeing some safe haven demand after U.S. President Joe Biden dropped his bid reelection and endorsed…
Dollar eases as Biden ends re-election bid; yuan weakens after rate cut
By Kevin Buckland TOKYO (Reuters) -The dollar eased slightly on Monday as investors gauged the implications of U.S. President Joe Biden’s decision to end his re-election campaign and clear the…
Asia FX weak, dollar edges lower after Biden drops presidential bid
Investing.com– Most Asian currencies tread water on Monday as an unexpected interest rate cut in China offered little cheer, while the dollar crept lower after President Joe Biden said he…
Oil prices rise as China cuts interest rates; Gaza ceasefire in focus
Investing.com– Oil prices rose in Asian trade on Monday, recovering some measure of recent losses on hopes of improving economic conditions in top importer China after the country unexpectedly lowered…
Explainer-Harris’ business views: friendly to Big Tech, aggressive in climate fight
WASHINGTON (Reuters) -U.S. Vice President Kamala Harris is potentially poised to become the Democratic presidential nominee in the November election. Here are her views and actions related to some key…
Oil prices rise as investors look for signs US rate cuts to begin
By Katya Golubkova TOKYO (Reuters) – Oil prices rose in early trade on Monday as investors keep a lookout for signs of a rate-cut cycle expected to begin as soon…
