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Investment News

China commerce ministry bans some US firms from import, export activities

May 20, 2024 by LWN

BEIJING (Reuters) – China’s Commerce Ministry said on Monday that it will prohibit some U.S. firms from importing and exporting activities related to China, including one selling arms to Taiwan, and forbid them from making new investments in China. The …

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Categories General, Investment News Tags Beijing, China, US

Bostic sees ongoing disinflation leading to possible cut, but nothing locked in

May 17, 2024 by LWN

Investing.com — Atlanta Federal Reserve President Raphael Bostic on Thursday welcomed recent economic data pointing to slowing inflation — a trend that he expects to continue, paving the way for a potential rate cut toward the end of the year.  …

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Categories General, Investment News Tags Federal Reserve

Asia shares hit 15-month high as traders wait for CPI

May 14, 2024 by LWN

By Tom Westbrook SINGAPORE (Reuters) – Asian shares hovered around 15-month highs on Tuesday and the dollar was firm ahead of highly anticipated U.S. inflation data, while Japanese bonds were squeezed as the central bank pulled back a little on …

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Categories General, Investment News Tags Asia, australia, China, Hong Kong, Japan, New York, New Zealand, US

US judge halts rule capping credit card late fees at $8

May 11, 2024 by LWN

By Nate Raymond (Reuters) -A federal judge in Texas on Friday halted the Consumer Financial Protection Bureau’s new rule capping credit card late fees at $8, a victory for business and banking groups challenging part of the Biden administration’s crackdown …

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Categories General, Investment News Tags Donald Trump, President Donald Trump, Supreme Court, US, White House

Bank of Japan issues stronger warning over yen’s impact on policy

May 8, 2024 by LWN

By Leika Kihara and Satoshi Sugiyama TOKYO (Reuters) -The Bank of Japan may take monetary policy action if yen falls affect prices significantly, governor Kazuo Ueda said on Wednesday, offering the strongest hint to date the currency’s relentless declines could …

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Categories General, Investment News Tags Economic Impact, Japan, tokyo

LNG producer Cheniere’s export volumes fuel core profit beat

May 5, 2024 by LWN

(Reuters) -Top U.S. liquefied producer Cheniere Energy (NYSE:) beat adjusted core profit estimates on Friday, as higher-than-expected export volumes countered lower natural gas prices. The U.S. emerged as the top LNG exporter in 2023 as buyers scrambled to find alternate …

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Categories General, Investment News Tags Asia, CEO, China, Europe, India, Russia, Wall Street

Yen surges on suspected intervention by Japanese authorities

May 2, 2024 by LWN

By Takaya Yamaguchi, Tetsushi Kajimoto and Gertrude Chavez-Dreyfuss TOKYO/NEW YORK (Reuters) -The yen surged against the dollar in early Asian hours on Thursday on what traders suspected was another round of intervention by Japanese authorities to stop a sharp slide …

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Categories General, Investment News Tags Federal Reserve, Japan, New York

Morning Bid: Helter-skelter yen, US tech tonic

April 29, 2024 by LWN

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian stocks should open on Monday buoyed by Friday’s tech-led surge on Wall Street, while investors will be scrambling to make sense of the latest twist …

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Categories General, Investment News Tags Asia, Beijing, CEO, China, Federal Reserve, Hong Kong, India, Indonesia, Japan, Singapore

Google parent announces first-ever dividend; beats on sales, profit; shares soar

April 26, 2024 by LWN

By Greg Bensinger and Akash Sriram (Reuters) – Alphabet (NASDAQ:) announced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell. The Google parent is returning capital …

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Categories General, Investment News Tags CEO

Vanguard favors inflation protection amid rising price pressure risks

April 23, 2024 by LWN

By Davide Barbuscia NEW YORK (Reuters) -A Vanguard executive said on Monday increasing inflation protection in investment portfolios was worthwhile in light of recent U.S. data and the global risks of a rebound in price pressures. For international investors, the …

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Categories General, Investment News Tags Federal Reserve
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