Chipmakers revive stocks as euro struggles after freefall
Chipmakers revived stock markets on Thursday, helping to sooth investor worries over a potentially rapid recession because of looming rate hikes, while the euro struggled near a 20-year parity with the safe-haven dollar.
If history repeats itself, equities set for brief relief in July
If history is any indicator of the future, the first two weeks of July could bring relief to investors after a bruising first half of the year.
Transport Secretary Grant Shapps backs rail industry to bolster jobs during visit to manufacturer Silver Fox
The UK’s Secretary of State for Transport, Grant Shapps, has visited manufacturer Silver Fox, to highlight the ongoing work of the rail sector in generating employment, skills and prosperity in difficult economic times.
The pandemic broke the Fed’s model; this week may show how much
Federal Reserve Chair Jerome Powell used his first four years as the world’s top central banker to reshape U.S. monetary policy around the idea that low inflation and low unemployment could coexist.
Denso bullish on business prospects as it tackles chip shortages
Denso Corp (6902.T), Japan’s largest auto supplier, was bullish about its prospects in a business presentation on Wednesday as demand for automotive chips expands and it tackles semiconductor shortages that have frustrated Toyota Motor Corp (7203.T), its biggest shareholder and customer.
Singapore banks top estimates but flag caution in weak markets
Singapore lenders DBS Group (DBSM.SI) and OCBC (OCBC.SI) gave cautious outlooks on Friday after reporting 10% declines in quarterly profits amid weaker economic growth, though their performances still beat analysts’ estimates.
Analysis: China struggles for options as COVID threatens economic goals
China’s policymakers are struggling to find ways to ward off an economic slowdown that threatens job losses in a politically sensitive year, as COVID-19 lockdowns disrupt supply chains and jolt businesses.
Global growth optimism at all-time low, fund manager survey finds
Optimism among fund managers over global economic growth has hit an all-time low while concerns of possible stagflation have risen to the highest since August 2008, a monthly survey by investment bank BoFA Securities showed on Tuesday.
EU exec cuts 2022 euro zone growth forecast, sharply raises inflation view
Euro zone economic growth will be slower than earlier expected this year because of a new wave of COVID-19 infections, high energy prices and continued supply-side disruptions, while inflation will be much higher, the European Commission said.
ICU – Ukrainian Financial Group Launches the First Ever Mobile Trading Application in the Country
ICU (Investment Capital Ukraine) has become the first Financial Group in Ukraine to introduce a mobile application for trading government bonds in the country. ICU, independent Ukrainian asset management, private equity, and investment banking advisory firm has been working closely with the government to help stimulate the country’s economic growth and development. Globally, most major […]
