Search results

Asia FX Rallies, Dollar Tumbles As Markets Bet on Fed Pivot 0
- Economy
- February 2, 2023
Most Asian currencies rose sharply on Thursday, while the dollar sank to a nine-month low even after the Federal Reserve hiked interest rates, with markets betting that a U.S. economic slowdown will force the bank into reversing its hawkish stance this year. The Chinese yuan rose 0.4% and came close to a seven-month high against
READ MORE
Vodafone Interim CEO Vows to ‘Do Better’ After Q3 Revenue Growth Slows 0
- Economy
- February 1, 2023
in third-quarter revenue growth that stemmed from weak performance in key European markets. Organic growth in service revenue dropped to 1.8% year-on-year during the three-month period to December 31 to €9.52 billion (€1 = $1.0883), down from an increase of 2.5% in the prior quarter. The company said the slip was linked to declines in
READ MORE
Asia FX Treads Water As Fed Meeting Looms, Dollar Inches Higher 0
- Market
- February 1, 2023
Most Asian currencies moved little on Wednesday in anticipation of a Federal Reserve meeting, while the dollar crept higher as markets positioned for an interest rate hike and a potentially hawkish message from the central bank. The dollar firmed slightly against a basket of currencies, with the dollar index and dollar index futures advancing about
READ MORE

UniCredit Hikes Payout Goal By 40% After Record Rofit 0
- Economy
- January 31, 2023
UniCredit pledged on Tuesday to return 5.25 billion euros ($5.69 billion) to investors based on its 2022 results after posting a record quarterly profit, as CEO Andrea Orcel works to meet his ambitious payout plans. Orcel, who has focused UniCredit on capital light businesses to maximise returns since taking over in April 2021, expressed confidence
READ MORE
Asia FX Muted, Dollar Steadies As Fed Meeting Looms 0
- Market
- January 31, 2023
Most Asian currencies moved little on Tuesday, while the dollar retained recent gains as caution kicked in ahead of a Federal Reserve meeting this week, with any signals on U.S. monetary policy squarely in focus. But most Asian units were set for strong gains in January amid expectations that the Fed will slow its pace
READ MORE
Oil prices Tread Water As Markets Weigh China Recovery, Fed Caution 0
- Market
- January 31, 2023
Oil prices were muted in early trade on Tuesday as optimism over better-than-expected economic data from China was offset by caution over an upcoming Federal Reserve meeting and an OPEC decision on production. Chinese business activity grew more than expected in January, government data showed, indicating that the country’s economy was clearly on a path
READ MORE

Asia FX Rallies, Dollar Tumbles As Markets Bet on Fed Pivot 0