Category: Global
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L’Oreal adjusts global beauty forecast amid China’s market volatility By Investing.com
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Investing.com – Analysts at Evercore highlighted L’Oreal’s (EPA:) decision to revise its global cosmetics market growth forecast from 5.0% to a range of 4.5-5.0%. The revision comes in response to market volatility in China and a “slightly negative” shopping festival on 6.18. L’Oréal shares fell following the announcement from CEO…
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Week Ahead in FX (June 24 – 28): The Fed’s Preferred Inflation Measure & Global Inflation Updates
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Traders await a relatively less busy economic calendar with inflation updates from Japan, Canada and Australia taking the spotlight. Meanwhile, the US core PCE price index, the final GDP reading, and speeches from several FOMC members could encourage volatility between major dollar pairs. Before all that, ICYMI, I wrote a…
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US June S&P Global flash services PMI 55.1 vs 53.7
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Highest level in 26 months The previous one was 54.8 Manufacturing 51.7 vs. 51.0 expected Previous manufacturing was 51.3 Composite 54.6 vs 54.5 Sale prices are “at one of their lowest levels in the past four years” and their lowest level in five months “Business confidence improves for next year,…
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USDJPY moves back above 159.000 after the stronger S&P global PMI data
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USDJPY rose back to the upside and returned above the 159.00 level after stronger-than-expected flash data for the S&P Global Manufacturing and Services Index. The high price was traded up to 159.206. This brings it to 100 points below the 2024 high of 160.208. The highest level was back in…
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Oil price bounce drives global commodity open interest value rebound – JPM
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JPM Commodities Research said the estimated value of open contracts in global commodity markets rose 1% during the week to $15 billion, with gains driven entirely by the energy sector, while it expects LME copper prices to trade at around $9,800 per metric ton. In the future. a fourth. Net…
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Global Rate-Cut Juggernaut Is Struggling to Start
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Breadcrumb links BMN Business Central banks wary about joining the global interest rate cutting cycle may reveal themselves this week with a quartet of decisions in advanced economies. Article writer: Bloomberg News Craig Sterling Posted on June 15, 2024 • 7 minutes read You can save this article by registering…
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WorkL Secures £2M Series A Funding from Calculus Capital to Propel Global Expansion
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WorkL, the organization behind the World’s Happiest Workplaces and Sunday Times Best Workplaces lists, has raised £2 million in a Series A funding round, in partnership with Calculus Capital. This financing aims to accelerate WorkL’s international growth after five successful years of expansion. Founded by Lord Mark Price, former Deputy…
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‘Bitcoin is Exponential Gold’, Says Fidelity’s Director of Global Macro
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Jurian Timmer, Global Macro Director at Fidelity, recently made a notable statement about Bitcoin, calling it “exponential gold” and an emerging player in the “store of value” team. Timmer’s comments were shared through a series of posts, where he explained Bitcoin’s evolving role in the financial ecosystem. In my view,…
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‘Bitcoin is Exponential Gold’, Says Fidelity’s Director of Global Macro
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Jurian Timmer, Global Macro Director at Fidelity, recently made a notable statement about Bitcoin, calling it “exponential gold” and an emerging player in the “store of value” team. Timmer’s comments were shared through a series of posts, where he explained Bitcoin’s evolving role in the financial ecosystem. In my view,…
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Oil’s ‘last hurrah’ is coming, Citi says in bearish outlook for global crude prices
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Slavko Sereda/iStock via Getty Images Oil futures rose on Wednesday despite an unexpected 3.7 million barrel increase in US crude inventories and the International Energy Agency’s forecast of a “spectacular” oil glut by the end of the decade. The International Energy Agency expects oil demand growth to peak by 2029…
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Oil’s ‘last hurrah’ is coming, Citi says in bearish outlook for global crude prices
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Slavko Sereda/iStock via Getty Images Oil futures rose on Wednesday despite an unexpected 3.7 million barrel increase in US crude inventories and the International Energy Agency’s forecast of a “spectacular” oil glut by the end of the decade. The International Energy Agency expects oil demand growth to peak by 2029…
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Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Hertz Global Holdings, Inc. By Investing.com
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NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) — Bernstein Liebhard LLP: Do you own or hold stock in Hertz Global Holdings (OTC:), Inc.? (NASDAQ: HTZ)? Did you purchase your shares between April 27, 2023 and April 24, 2024 inclusive? Did you lose money investing in Hertz Global Holdings, Inc.? Do…
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Worldwide Cash Express Teams Up with TerraPay to Broaden Global Payment Services
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Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
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Oslo Freedom Forum Witnesses Global Momentum For Bitcoin And Activism
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On Wednesday, socially minded Bitcoin supporters from Kenya to Canada to Russia gathered for the last day of 2024. Oslo Freedom Forum As part of the Financial Freedom Pathway event to offer their insights on how Bitcoin can be a tool for those who need it most around the world.…
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Oslo Freedom Forum Witnesses Global Momentum For Bitcoin And Activism
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On Wednesday, socially minded Bitcoin supporters from Kenya to Canada to Russia gathered for the last day of 2024. Oslo Freedom Forum As part of the Financial Freedom Pathway event to offer their insights on how Bitcoin can be a tool for those who need it most around the world.…
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Interfield Global Software Inc. Provides Update on Status of Failure-To-File Cease Trade Order
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Published on June 06, 2024 • 4 minutes…
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Swiss Finance Minister flags legal risks to winding up global banks By Reuters
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ZURICH (Reuters) – International financial authorities must take into account the legal risks surrounding the potential liquidation of global banks, Swiss Finance Minister Karin Keller-Sutter said on Wednesday. In an interview with the Frankfurter Allgemeine Zeitung newspaper, Keller Sutter was asked whether the rules for dealing with banks deemed “too…
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China’s manufacturing surges, Caixin PMI shows, but global risks grow By Reuters
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BEIJING (Reuters) – Factory activity in China grew at the fastest pace in nearly two years in May thanks to gains in production and new orders, especially at small businesses, a private sector survey showed on Monday, raising expectations for the second quarter. The Caixin/S&P Global Manufacturing PMI rose to…
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Binaifer Nowrojee: A lawyer who became first Kenya female to head a global entity
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Binaifer Nworoji, the first woman from the Global South to head the Open Society Foundations, grew up in Nairobi while her father navigated the currents of the legal profession and politics of the time, and captured memories that will last a lifetime. She remembers her bike rides and the games…
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Kenya lags global peers in budget transparency
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Kenya lags behind its peers in transparency, an indicator of the theft and waste of public funds, a new survey shows. According to the 2023 Open Budget Survey (OBS), Kenya ranks 48th out of 125 countries when it comes to publishing information to support robust public debate on budget estimates.…