Category: Markets
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Incitec Pivot explosives business booms; fertilizer sale talks continue By Investing.com
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Investing.com – Instic Pivot Ltd (ASX:) announced its results for the first half of 2024. EBITDA reached $249 million, beating RBC’s forecast of $207 million and the consensus estimate of $206 million. However, comparing these numbers directly with market estimates is challenging due to the impact of restructuring, non-recurring operations…
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Cash? Never Heard of Her: The Rise of the Instant Economy
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The satisfying heft of a cash bill fades into the background noise of our increasingly digital lives. A recent study conducted by the Federal Reserve It paints a clear picture: The era of instant gratification has reached our wallets. Businesses and consumers alike are abandoning traditional payment methods in favor…
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Dollar forecast to stabilize amid mixed economic signals By Investing.com
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Investing.com – The US dollar is expected to stabilize in the coming weeks after recent economic data showed mixed signals about the strength of the US economy. After a period of volatility, analysts at ING now expect a calmer trading environment with low volatility until more substantive data is released.…
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Singapore Non-oil Domestic Exports (NODX) April 2024: +7.6% m/m vs. +7.9% expected
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Singapore’s non-oil domestic exports (NODX) for April 2024 -9.3% YoY vs. -10% expected and -20.8% in March +7.6% m/m vs. +7.9% expected and -8.4% in March A noticeable decline in exports of non-electronic products, primarily medicines. SGD update, strengthened since March NODX data was released in the middle of last…
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Applied Materials Q2 results top estimates as growth in China jumps By Investing.com
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Investing.com – Applied Materials on Thursday reported fiscal second-quarter results that beat estimates, led by strong growth in China as the wave of artificial intelligence continues to boost demand for chips. Applied Materials Inc (NASDAQ:) fell more than 1% in the after-hours on the news. For the three months ended…
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ICM Capital to Relinquish FCA License
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ICM Capital plans to end its operations in the United Kingdom, according to a notice on the regulator’s website that the forex and CFD broker has applied to cancel its licence. The Financial Conduct Authority (FCA) said that ICM “must meet our standards in dealing with its clients”. ICM is…
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Yen climbs while dollar stabilises after US inflation ebbs By Reuters
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Written by Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The Japanese yen rose for a second straight day on Thursday after data on Wednesday showed U.S. inflation slowing, while the dollar found a footing against other currencies after a sharp decline the day before. Data on Wednesday showed that…
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six decades of U.S. presidential debates By Reuters
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(Reuters) – Democratic President Joe Biden and former Republican President Donald Trump plan to face off in a presidential debate on June 27 and another on September 10 before the November 5 election, part of a tradition marked by some memorable moments. History of modern American politics: – 1960: The…
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Mastercard and Salesforce Partner to Simplify Payment Dispute Handling
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Mastercard and Salesforce have partnered to simplify transaction dispute resolution processes across the payments space. This partnership aims to address disputes and chargebacks, which have long been a major challenge for merchants and financial institutions. Integration of dispute management According to the press release, projections indicate that chargebacks could rise…
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UBS maintains RBA rate cut forecast, weighs in on AUD/USD By Investing.com
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UBS on Thursday provided insight into Australian Federal Treasurer Jim Chalmers’ third budget announcement, which announced a second successive surplus of A$9.3 billion. Despite this positive result, UBS highlighted a projected deficit of A$28.3 billion for the 2024-25 financial year, a wider figure than the Treasury’s previous forecast. The company…
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USDJPY moves back to 100/200 hour MAs
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USDJPY fell sharply in the Asian session after breaking below the swing zone at 154.778 and 154.878. The decline saw the price move to and through another target area near 153.99 (we call it 154.00). The low price extended down to 153.595 before starting its bounce back higher. This bounce…
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Biden running out of time to turn voters’ perceptions on inflation: strategists By Investing.com
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Research firm Strategas released data showing that its inflation index grew at a rate of 3.8% year-on-year. The CPI for the Common Man measure focuses on items that people have to buy regularly – food, energy, shelter, clothing, utilities and insurance. This marks the ninth straight month that the regular…
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FMAS:24 Session Spotlight – Know Your Partner: Do’s and Don’ts in Tech and IBs
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In just a few days, the Finance Magnates Africa Summit (FMAS:24) will kick off in Sandton City, South Africa! Have you reserved your seat for the biggest event of the year in Africa? FMAS:24, held from 20 to 22 May at the Sandton Convention Centre, returns for the second year…
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UBS forecasts shekel strength on Israel’s recovery, Fed easing By Investing.com
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UBS expects the value of the Israeli shekel to rise against the US dollar, anticipating a decrease in the geopolitical risk premium. The shekel briefly surpassed 3.80 against the dollar due to recent tensions between Iran and Israel, as well as the ongoing conflict with Hamas. UBS analysts expect these…
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U.S. CPI Failed to Impress, Annual Inflation Dipped to 3.4% in April
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The headline US CPI came in weaker than expected with a 0.3% month-on-month increase in April versus an estimated 0.4% increase. This brought the annual CPI reading down from 3.5% to 3.4% as expected. Meanwhile, core inflation only reached the mark, showing a 0.3% monthly increase in core price pressures.…
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China stock rebound rally still has legs- CICC By Investing.com
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Investing.com — Chinese stocks may still have room to rise after an impressive rally over the past three months, analysts at CICC wrote in a note, citing continued policy support and improving economic conditions. China and its indices have rebounded by about 17% and 18%, respectively, from multi-year lows reached…
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Adyen Brews Up Global Expansion with Cotti Coffee Partnership
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Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Here’s a sneak peek at FMAS:24’s vibrant atmosphere! Join us at Africa’s premier financial…
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Asia FX rises as CPI data dents dollar, puts rate cuts in focus By Investing.com
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Investing.com — Most Asian currencies rose on Thursday after some weak U.S. consumer inflation readings pushed the dollar to a one-month low and saw traders increase their bets on a September interest rate cut. But gains in some regional units were held back by a combination of weak economic data…
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Australian Economy Added 38.5K Jobs in April, But Jobless Rate Ticked Higher
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Australia’s employment change figures for April beat estimates, showing a 38.5k increase in employment versus an expected increase of 22.4k. This also represents a strong rebound compared to the previous 5.9K decline in employment. However, the unemployment rate rose from a negatively adjusted 3.9% to 4.1% instead of holding steady,…
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Yes, April CPI was lower than expected, but “don’t get too carried away”
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US CPI data was a little better than expected, and it’s a little too late to say don’t get carried away: Forexlive Americas FX News Summary May 15: Greener grass to the fore as CPI/spending tames ING comments on data and market movements: US Treasury yields fell after what was…