China’s surprise rate cuts will not hurt a fragile yuan, analysts say
SHANGHAI (Reuters) – China surprised markets by lowering a string of major short and long-term interest rates on Monday, in an effort to boost growth in the world’s second-largest economy.…
Biden administration announces $4.3 billion in climate grants
By Valerie Volcovici WASHINGTON (Reuters) – The Biden administration on Monday announced 25 projects pitched by 30 different state, local and tribal governments that applied for $4.3 billion in grants…
Varta stock nosedives as rescue plans leave shareholders with nothing
By Alexander Hübner and Christoph Steitz MUNICH (Reuters) – Shares in Varta plunged on Monday after the German battery maker said restructuring options to avert insolvency would leave equity investors…
Dollar eases as Biden ends re-election bid, drops vs yen
By Kevin Buckland and Stefano Rebaudo (Reuters) -The dollar eased slightly against a basket of currencies on Monday while dropping sharply versus the yen as investors focused on U.S. President…
Oil prices rise as investors look forward to U.S. rate cuts
By Katya Golubkova and Colleen Howe TOKYO (Reuters) -Oil prices rose in Asia on Monday as investors watched for further signs that the U.S. might start to cut interest rates…
India’s economy likely to grow 6.5%-7% y/y in 2024/25, government report says
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India’s economy likely to grow 6.5%-7% y/y in 2024/25, government sources say
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all…
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…
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…
