Category: trade
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Dollar edges lower in holiday trade; sterling gains as polling starts By Investing.com
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The US dollar fell in early European trading on Thursday as weak economic data raised expectations of an interest rate cut by the Federal Reserve, while sterling rose as the UK headed to the polls. At 04:20 ET (08:20 GMT), the dollar index, which tracks the greenback against a basket…
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Rupee to trade in narrowest range in about 30 years on RBI’s actions: Reuters poll By Reuters
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Written by Anant Chandak BENGALURU (Reuters) – The Indian rupee will trade in its narrowest range in nearly three decades next year as the Reserve Bank of India continues to maintain a tight grip on currency movements, a Reuters poll showed. While most emerging market currencies have underperformed against the…
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EU governments hesitant on Chinese EV tariffs as trade spat escalates By Reuters
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By Philip Blenkinsop and Nick Carey BRUSSELS/LONDON (Reuters) – European Union countries are dithering over whether to back additional tariffs on Chinese-made electric cars, highlighting the challenge Brussels faces in rallying support for its biggest trade case yet as Beijing threatens broad retaliation. Germany, whose automakers made a third of…
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Dollar is only winner from China-West trade war: McGeever By Reuters
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By Jamie McGeever ORLANDO, Fla. (Reuters) – The U.S. dollar may be the only “winner” from a potential all-out trade war between the West and China. Uncertainty over global trade policy is the highest since 2018-2019 when clashes between the administration of former US President Donald Trump and Beijing reached…
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Post-Brexit Border Delays Threaten UK and EU Horticulture Trade, Industry Leaders Warn
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Plant nurseries and garden centres in Britain and Europe are sounding the alarm over the inefficiency of new post-Brexit border posts, which are causing significant delays, damage and extra costs for plant importers. The Horticultural Trade Association, which represents 1,400 UK retailers and gardeners, along with several European trade bodies,…
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Column-Dollar is only winner from China-West trade war: McGeever By Reuters
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Written by Jamie MacGyver ORLANDO, Fla. (Reuters) – The U.S. dollar may be the only “winner” from a potential all-out trade war between the West and China. Uncertainty over global trade policy is at its highest since 2018 and 2019, when tensions between the Trump administration and Beijing peaked. It…
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Rising trade policy uncertainty poses a downside risk to growth: Goldman Sachs By Investing.com
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Comments and actions on global trade policy are becoming increasingly hawkish, and a potential victory by Donald Trump in the upcoming presidential election could lead to the imposition of significant tariffs on U.S. imports, potentially leading to retaliation and escalation, according to economists at Goldman Sachs. As a result, indicators…
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If Trump wins here are seven concrete trade ideas from Jim Cramer
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Trump’s odds of winning the presidency rose significantly yesterday after Joe Biden’s poor performance in the debate. CNBC’s Jim Cramer appeared today with the right attitude, looking at the concrete winners and losers if Trump takes office in November, and especially if Republicans sweep the House and Senate. Cramer said…
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If Trump wins here are seven concrete trade ideas from Jim Cramer
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Trump’s odds of winning the presidency rose significantly yesterday after Joe Biden’s poor performance in the debate. CNBC’s Jim Cramer appeared today with the right attitude, looking at the concrete winners and losers if Trump takes office in November, and especially if Republicans sweep the House and Senate. Cramer said…
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Chinese yuan softens, USDCNY at 7-mth high on weak fix, trade jitters By Investing.com
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Investing.com — The Chinese yuan fell on Tuesday, with the key USD/CHN yuan pair hitting a seven-month high after a weak mid-term reform by the People’s Bank of China, while concerns about the trade war with the West were also present. The yuan pair, which measures the number of yuan…
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Popular Arbitrage Trade Backfires as TSMC Frenzy Grows in US
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(Bloomberg) — The long-favored arbitrage strategy of buying shares of Taiwan Semiconductor Manufacturing Co. in Taipei while shorting its shares in the U.S. is starting to get painful. Most read from Bloomberg Data compiled by Bloomberg showed that enthusiasm for artificial intelligence in the United States has pushed TSMC’s American…
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Revolut Joins Hands with BRCC: Bridging Trade between UK and Romania
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Revolut, the British fintech company, has joined the British Romanian Chamber of Commerce (BRCC). This organization works to promote trade and investment between the United Kingdom and Romania. Revolut has more than 40 million retail customers worldwide, including more than 3.5 million in Romania. Revolut joins BRCC Revolut’s services are…
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Unwinding of hugely popular currency trade rocks markets By Reuters
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By Harry Robertson LONDON (Reuters) – A sharp fall in the Mexican currency after a landslide election result rattled foreign exchange markets as far as Hungary and Turkey this week, leaving investors wondering whether the unwinding of the popular “carry trade” will continue. A carry trade involves investors borrowing in…
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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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U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 1.51% By Investing.com
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Investing.com – US stocks were mixed after the close on Friday, as gains in , sectors led stocks higher while losses in , sectors sent stocks lower. At the end of trading on the New York Stock Exchange, the index rose by 1.51%, while the index added 0.80%, and the…
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Japan stocks higher at close of trade; Nikkei 225 up 1.27% By Investing.com
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Investing.com – Japanese stocks rose after the close on Friday, as gains in the stock sector led shares higher. At the close in Tokyo, the index rose by 1.27%. Among today’s leading stocks was Sumitomo Dainippon Pharma (TYO:), which rose 6.64%, or 19.00 points, to trade at 305.00 at the…
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FX lightly changed ahead of European morning trade
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The tension and attraction between major currencies has continued since last week. The dollar looked like it might finally fall early yesterday, but turned things around as yields rose. The latter influenced the risk-on sentiment and also helped maintain dollar support to start the week. Here’s a quick look at…
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Digital financial inclusion is key to growing trade within Comesa
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As the continent’s largest trading bloc, the Common Market for Eastern and Southern Africa (COMESA) has enormous potential to drive economic growth, promote regional integration, and lift millions out of poverty. COMESA trade statistics paint a picture of enormous opportunities coupled with significant challenges. While the region exported goods worth…