Economy
Dollar ticks up before US data, bitcoin hits record high
It has largely shrugged off Tuesday’s hotter-than-expected U.S. consumer inflation data and is roughly unchanged since the figures. The index is up around 1.5% this year as U.S. data has shown that the economy remains strong, causing investors to rein in their bets on rapid and deep interest rate cuts.
Steady Europe keeps stocks near record highs
World shares held close to record highs on Wednesday thanks to new all-time peaks in Europe and on Wall Street, as investors bet hotter-than-expected U.S. inflation won’t stop the Federal Reserve and other central banks from cutting interest rates.
S&P 500, Nasdaq futures edge higher ahead of key inflation test
S&P 500 and Nasdaq futures inched up on Tuesday ahead of U.S. consumer prices data that could provide insight on whether inflation has eased enough for the Federal Reserve to lower borrowing costs in coming months.
US companies to announce investments of over $1 billion in the Philippines
U.S. companies are set to announce investments amounting to more than $1 billion dollars in the Philippines, United States Commerce Secretary Gina Raimondo said during an official visit to Manila on Monday.
S&P futures turn positive after payrolls data
-U.S. stock index futures slipped on Friday following a sharp overnight rally on Wall Street, as investors braced for a crucial labor market report that could determine the path of interest rates.
German property lender PBB and the crisis-hit US market
The bank has assured investors it has enough funds to cope with a major downturn in the U.S. commercial real estate market. But its shares have fallen sharply this year as short sellers bet against the bank.
Bank of Canada keeps rates on hold, says too early to consider a cut
The Bank of Canada (BoC) kept its key overnight rate steady at 5% on Wednesday as expected and said it was still too early to consider a cut, given the persistence of underlying inflation.
Meta’s Facebook, Instagram down for tens of thousands
Meta Platforms’ Facebook (NASDAQ:META) and Instagram were down for tens of thousands of users on Tuesday, according to outage tracking website Downdetector.com.
China cancels premier’s press conference for first time since 1993
Since 1993, China’s premiers have met the media after the annual gathering of the National People’s Congress (NPC), offering journalists, including the foreign press, a rare chance to ask questions in a typically wide-ranging news conference.
Stocks hold at record highs as traders bet on rate cuts
Global shares drifted around record highs on Friday after U.S. and euro zone inflation data and weak global factory surveys kept hopes of central bank rate cuts in coming months intact.