Economy

Economy

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Asia FX Heads For Weekly Bounce, Dollar at 7-Mth Low on Easing Inflation

Most Asian currencies crept higher on Friday and were headed for steep weekly gains on the prospect of an eventual shift in the Federal...

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Economy

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Dow Futures Trade Steady, After Nasdaq Posts 3-Session Win Streak

U.S. stock futures were trading in a tight range during Tuesday’s evening session, after major benchmark averages finished higher as...

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Economy

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Oil Prices Rebound on China Reopening Optimism, Easing Fed Fears

Oil prices rose on Monday, recovering a measure of recent losses as investors bet that an economic reopening in China and a less hawkish...

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Economy

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GM Wants U.S. Treasury to Reconsider tax Credits for Cadillac Lyriq EV

General Motors said Friday it wants the U.S. Treasury to reconsider classification of GM’s electric Cadillac Lyriq to allow it to...

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Economy

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Chinese Yuan hits 4-Mth High on Reopening cheer, U.S. Payrolls Awaited

The Chinese yuan jumped to a four-month high on Friday as markets bet on a strong economic boost from China reopening its borders this...

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Economy

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China Manufacturing PMI Shrinks for 5th Straight Month in Dec – Caixin

Chinese manufacturing activity shrank for a fifth straight month in December, a private survey showed on Tuesday, as the country grappled...

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Economy

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South Korea Dec Factory Activity Weakens on Demand Slump, Trucker Strike – PMI

South Korea’s factory activity shrank for a sixth consecutive month in December, a business survey showed on Monday, as the global...

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Economy

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Toyota’s Nov Global Vehicle Production Rises 1.5% to Record 833,104

Toyota Motor (NYSE:TM) Corp reported on Monday a 1.5% rise in November global vehicle output, reaching a new record of 833,104. domestic...

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Economy

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Japan Upgrades Q3 GDP as Global Recession, COVID Risks Linger

Japan’s economy, the world’s third-largest, shrank less than initially estimated in the third quarter, bolstering a view that...

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Economy

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Asia FX Rallies on China Reopening Fervor, Dollar Hits 5-Month Low

Most Asian currencies rose sharply on Monday as more Chinese cities relaxed some anti-COVID measures, while improving risk appetite and...

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