Dubai and Abu Dhabi race to lure world’s wealth managers
By Nell Mackenzie, Federico Maccioni and Hadeel Al Sayegh DUBAI (Reuters) – Abu Dhabi is emerging from Dubai’s shadow as it attracts its own share of asset managers’ and billionaires…
Economy
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Japan warns against ‘one-sided’ currency moves as yen slides
By Leika Kihara WASHINGTON (Reuters) – Japanese Finance Minister Katsunobu Kato issued a warning against currency speculation on Wednesday, expressing concern over “one-sided, rapid” moves in the currency market that…
Horizon Robotics shares open up 28.3% in Hong Kong trading debut
By Scott Murdoch and Donny Kwok SYDNEY (Reuters) -Shares of Chinese autonomous vehicle maker Horizon Robotics opened 28.3% higher on the Hong Kong stock exchange on Thursday after the company…
Dollar stands tall on bets for slower Fed cuts, potential Trump win
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts…
World bank, IDB grant Argentina $8.8 billion in financing, says government
(Reuters) – The World Bank and the Inter-American Development Bank (IDB) are providing Argentina with $8.8 billion in financing for economic development, the South American country’s economy ministry announced in…
Bank of Korea sees this year’s economic growth below its forecast
SEOUL (Reuters) – South Korea’s economic growth will likely be weaker than the central bank’s latest forecast of 2.4%, a Bank of Korea official told a briefing on Thursday. Growth…
Analysis-Bears circle China’s yuan gearing for Trump win
By Rae Wee SINGAPORE (Reuters) – China’s currency is feeling the pressure from a possible return of Donald Trump as U.S. president, not just from speculators shorting the currency but…
UK finance minister Reeves promises economic ‘reset’ in upcoming budget
By David Milliken WASHINGTON (Reuters) – British finance minister Rachel Reeves said she would be presenting her upcoming budget as a chance to reset the country’s economy and boost investment…
Morning Bid: Big Tech tanks, yen slide accelerates
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets are likely to open on the defensive on Thursday with sentiment badly dented by…
Tesla expects slight growth in 2024 vehicle deliveries, shares jump
(Reuters) -Tesla said on Wednesday it expects to achieve slight growth in vehicle deliveries this year and reported a higher-than-expected profit margin for the third quarter as raw material costs…