Dollar edges up in range-bound holiday markets

Dollar edges up in range-bound holiday markets

NEW YORK, Nov 25 (Reuters) – The dollar edged higher across the board on Friday in a quiet session following the US Thanksgiving holiday but remained near multi-month lows as the prospect of the Federal Reserve moderating the pace of its policy tightening weighed on the US currency. “Today has all the indicators of another … Read more

Credit Suisse Hits New Low as Investors Weigh Outflow Damage

Credit Suisse Hits New Low as Investors Weigh Outflow Damage

Rivals including UBS Group AG and Morgan Stanley are among the beneficiaries of that client exodus, Bloomberg reported Thursday, with both firms seeing significant new business in Asia, a major growth market for wealth management. UBS runs the largest private bank in Asia by assets, excluding onshore China, according to a 2021 ranking by Asian … Read more

Oil up as markets weigh China demand concerns, Russia price cap uncertainty

Oil up as markets weigh China demand concerns, Russia price cap uncertainty

SINGAPORE, Nov 25 (Reuters) – Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures rose by 41 cents, or 0.48%, to trade at $85.75 a barrel at 0730 GMT. US West … Read more

After Tragedy In Family, Shapoor Mistry Faces A $29-Billion Challenge

After Tragedy In Family, Shapoor Mistry Faces A -Billion Challenge

Now Mistry, 57, will have to figure out how to resolve that dispute and free up cash as a weakening economy and rising interest rates rattle his Shapoorji Pallonji Group, which just emerged from years of financial stress during the pandemic. He has met with lawyers and consultants, people familiar with the discussions said. Those, … Read more

Tackling debt, Enel to sell assets and focus on six markets

Tackling debt, Enel to sell assets and focus on six markets

Enel aims to cut debt with asset sales Commits to zero carbon by 2040CEO’s future to be settled next year Looking at solar panel plants in the United States MILAN, Nov 22 (Reuters) – Enel (ENEI.MI) plans asset sales worth 21 billion euros ($21.5 billion) to cut its debt pile and focus its transition to … Read more

Dollar rises as China COVID worries spook markets

Dollar rises as China COVID worries spook markets

NEW YORK, Nov 21 (Reuters) – The US dollar rose against most major currencies on Monday, recouping recent losses, as fresh COVID-19 curbs in China fueled worries over the global economic outlook and made traders shun riskier currencies. China’s capital warned on Monday that it was facing its most severe test of the COVID-19 pandemic, … Read more

Three More Countries at Risk of Currency Crisis in 2023, Nomura Says

Three More Countries at Risk of Currency Crisis in 2023, Nomura Says

The warning is based on analysis of eight indicators including FX reserves import cover, real short-term interest rates, as well as fiscal and current account measures, according to Nomura’s Damocles Index which assessed 32 emerging markets’ vulnerability to a currency crisis. .

DeSantis Makes Pitch to Republicans Looking to Move From Trump

DeSantis Makes Pitch to Republicans Looking to Move From Trump

Ron DeSantis, governor of Florida, during the Republican Jewish Coalition (RJC) Annual Leadership Meeting in Las Vegas, Nevada, US, on Saturday, Nov. 19, 2022. Democrats defied political forecasts and historical trends to keep control of the Senate in a win for President Joe Biden, as voters rejected a handful of candidates backed by former President … Read more