Top Forecaster JPMorgan Sees Yen Sliding as Far as 155 to Dollar
The slide in the yen isn’t over, despite expectations the dollar may not be quite so strong in
2023-09-07 15:52
UK House Prices Fall at Sharpest Pace Since 2009, Halifax Says
UK house prices fell at their sharpest annual pace since 2009 after soaring mortgage rates curtailed how much
2023-09-07 14:56
German Industrial Production Down for Third Month as Woes Linger
German industrial output fell again in July, further holding back Europe’s biggest economy and casting a pall over
2023-09-07 14:50
China exports fall for the fourth month in a row
The declines in trade were not as bad as expected and an improvement on the previous month.
2023-09-07 13:17
China’s Credit Wreck Exposes Governance Failings to the World
For Dhiraj Bajaj, the sudden twists and turns were unlike any he'd ever seen in his two decade
2023-09-07 07:54
ECB’s Knot Says Markets Risk Underplaying Hiking Chances
Investors largely betting against a European Central Bank interest-rate increase next week are “maybe” underestimating the likelihood of
2023-09-06 16:45
Manchester United share price crashes by £500m after report Glazers may not sell
Manchester United’s valuation on the New York Stock Exchange plummeted by more than £500million in the wake of a report that the Glazers have decided not to sell. Nine months ago the owners announced a full sale was among the options being considered as part of a strategic review at the Old Trafford club. Sheikh Jassim and Sir Jim Ratcliffe made offers to buy United, yet the interminable potential takeover process rumbles on as fans continue to protest against the Glazers. Hopes of a full sale were seemingly dashed when the Mail on Sunday reported that the owners are taking the club off the market and will try to sell again in 2025. That report led to more than £500m being knocked off United’s share price on Tuesday. After the New York Stock Exchange reopened following the Labor Day holiday, the price plummeted from 23.66 US dollars (£18.83) to 19.35 US dollars (£15.40) by close. United’s market capitalisation – the company’s worth on the stock market – was left at 3.15billion US dollars (£2.5billion) after the 18.22 per cent drop. Earlier this year the Glazer family reportedly valued United at £6bn. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-09-06 15:48
Bank of Russia to Meet Currency Demand as Eurobond Comes Due
Russia’s central bank will offload 150 billion rubles ($1.5 billion) of foreign exchange in the domestic market this
2023-09-06 15:47
Germany Factory Orders Slumped 11.7% at Start of Third Quarter
German factory orders plummeted in July, a sign that the woes of Europe’s biggest economy continued into the
2023-09-06 14:59
Tesla Unlikely to Pursue Indonesia Plant Soon, Panjaitan Says
Indonesia doesn’t expect Tesla Inc. to invest in the country anytime soon, after coordinating minister Luhut Panjaitan met
2023-09-06 13:46
Australian Economy Defies Rate Hikes as Exports Drive Growth
Australia’s economy maintained its momentum in the three months through June, with the expansion underpinned by exports and
2023-09-06 12:30
Soaring US Dollar Raises Alarm as China, Japan Escalate FX Pushback
A renewed advance in the dollar is sending Asian currencies to multi-month lows while prompting authorities in China
2023-09-06 12:19