Page 20 - Christopher Cushing News Today

The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention. The personal consumption expenditures (PCE) price index rose 0.3% in February, the Commerce Department's Bureau of Economic Analysis said on Friday, compared with the 0.4% rise that economists polled by Reuters had forecast. Federal Reserve Chair...

Robust demand for South Korean chips helped Asias fourth-largest economy post export growth for a sixth consecutive month in March, albeit at a pace slightly slower than expected, data showed on...

New home prices in China rose at the fastest pace in more than two and a half years in March versus a month earlier, a private survey showed on Monday, driven by a slew of supportive steps to prop up the crisis-hit property sector. The average new home price across 100 cities rose 0.27% on month in March, the biggest rise since July 2021, showed data from real estate researcher China Index Academy. China's property sector, a pillar of the economy, has lurched from one crisis to another si...

The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping... -April 01, 2024 at 01:44 am EDT - MarketScreener

The dollar rose on Monday on news that the U.S. manufacturing sector grew in March for the first time since September 2022, while the yen lingered below 152 per dollar over the threat of intervention... -April 01, 2024 at 03:29 pm EDT - MarketScreener

SANTIAGO -Chilean copper giant Codelco reported gross profit of $3.12 billion for 2023, the state-owned producer said in a filing on Thursday, a 34% dip from a year earlier after the state firm faced...

Asias imports of crude oil are expected to rise to the highest in 10 months as heavyweights China and India lifted arrivals from Russia, but impending maintenance schedules and rising prices mean... -March 28, 2024 at 01:41 am EDT - MarketScreener

Alibabas plan to buy full control of its logistics subsidiary rather than spinning it off could signal the Chinese giant is taking competition from e-commerce rivals Shein and Temu more seriously in...

It's another day of nail-biting for currency traders as the will-they-won't-they debate swirls on Japan's yen-buying intervention. Friday's holiday in most of the world, barring Japan, China and some parts of U.S. markets, makes them all the more nervous. The currency's brief slide on Wednesday to a 34-year low near 152 per dollar triggered an emergency meeting of Japan's three main monetary authorities, which market participants interpreted as imminent direc...

U.S. insurer UnitedHealth Group on Wednesday said it has advanced more than $3.3 billion so far to care providers impacted by a cyberattack last month on