China steps up policy measures to defend fragile yuan
SHANGHAI (Reuters) – China stepped up its policy measures on Monday to defend a weakening yuan by relaxing rules to allow more offshore borrowing and sending verbal warnings as the…
Economy
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Shares slip in Asia, dollar firm as inflation, earnings loom
(Refiles to fix payrolls report story link in paragraph 1) By Wayne Cole SYDNEY (Reuters) -Asian shares slipped on Monday while the dollar held near 14-month peaks after an unambiguously…
Towering dollar after solid jobs data leaves peers struggling
By Rae Wee SINGAPORE (Reuters) – The dollar began the week on a strong note on Monday, leaving its peers languishing near multi-year lows after a blowout U.S. jobs report…
Goldman Sachs now expects two Fed rate cuts this year, down from three
Investing.com– Goldman Sachs analysts said they now expect the Federal Reserve to cut interest rates twice this year, down from their prior forecast of three cuts, amid increased concerns over…
Global air finance summit to take stock of jet shortages, trade risks
By Tim Hepher, Joanna Plucinska and Padraic Halpin DUBLIN (Reuters) – Financiers and lessors who make the global air travel industry tick gather for an annual meeting in Dublin on…
Zambia’s SEC sanctions Standard Chartered over China property bond mis-selling, source says
By Marc Jones and Chris Mfula LONDON (Reuters) -Zambia’s Securities and Exchange Commission (SEC) has sanctioned Standard Chartered (OTC:SCBFF) for mis-selling a Chinese property company’s bonds to one of the…
Morning Bid: Hot US jobs data stoke yield fire, scold stocks
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. If the reaction in U.S. stocks, bonds and the dollar to Friday’s sizzling U.S. employment report…
Israel to use withheld Palestinian tax income to pay electric co debt
By Steven Scheer JERUSALEM (Reuters) -Israel plans to use tax revenue it collects on behalf of the Palestinian Authority to pay the PA’s nearly 2 billion shekel ($544 million) debt…
JPMorgan asks staff to return to office five days a week, prompting complaints
By Nupur Anand, Isla Binnie (Reuters) -U.S. bank JPMorgan Chase (NYSE:JPM) on Friday asked its employees who are on hybrid work schedules to return to the office five days a…
What is the ‘Agentic AI’, dubbed as the next AI wave
Investing.com — Agentic AI, identified as the next major wave in artificial intelligence, is poised to redefine the landscape of technology and its applications. According to analysts at BofA Global…