Month: November 2024

On Tuesday, the U.S. dollar reached a four-month high as traders continued to prepare for the incoming Trump administration and a tighter Federal Reserve policy. As of 04:00 ET (09:00 GMT), the Dollar Index—which measures the dollar against a group of six major currencies—rose by 0.3% to 105.740, its highest…

New bank lending in China declined more than anticipated in October compared to the previous month, undershooting analysts’ forecasts as efforts to stimulate the slowing economy failed to drive credit demand. Chinese banks issued 500 billion yuan ($69.51 billion) in new yuan loans in October, a significant drop from September…

The euro fell to a 4.5-month low against the U.S. dollar as concerns grew among investors over potential U.S. tariffs, which could negatively impact the eurozone’s economy. The dollar approached levels not seen since the U.S. presidential election against other major currencies, with markets closely watching economic data and comments…

Japanese tech investor SoftBank Group is anticipated to report a quarterly profit of 287 billion yen ($1.87 billion) on Tuesday, driven by successful IPOs within its portfolio and a stronger yen. Analysts are watching closely for signs of renewed investment momentum, supported by SoftBank’s strong balance sheet and management’s optimistic…

China’s semiconductor index surged close to a three-year high on Monday, spurred by speculation that a U.S. order halting Taiwan Semiconductor Manufacturing Co. (TSMC) from shipping advanced chips to Chinese customers could accelerate Beijing’s push for self-sufficiency. Starting Monday, TSMC will suspend shipments of certain advanced chips to select Chinese…

Gold prices declined in Asian markets on Monday, continuing last week’s losses as investor confidence remained high after Donald Trump’s win in the 2024 presidential election. The precious metal also faced downward pressure from a strong dollar, which remained steady ahead of upcoming U.S. inflation data and Federal Reserve insights.…

Bitcoin surged to a record high above $81,000 on Monday, driven by expectations of a crypto-friendly regulatory environment following the election of Donald Trump as U.S. president along with pro-crypto Congressional candidates. The world’s largest cryptocurrency has now more than doubled from this year’s low of $38,505 and recently traded…

The United States and Britain conducted airstrikes on Yemen’s capital, Sanaa, the Amran governorate, and other regions, according to Al Masirah TV, the primary news outlet operated by the Houthi movement, on Sunday. Houthi media and local residents reported that around nine airstrikes targeted Sanaa, its surrounding areas, and the…

The United States has ordered Taiwan Semiconductor Manufacturing Co. (TSMC) to halt shipments of advanced chips to Chinese clients, often used in artificial intelligence applications, beginning Monday, according to a source familiar with the matter. The U.S. Department of Commerce issued a letter to TSMC, imposing export restrictions on advanced…

Online travel agency Booking.com may consider job reductions as part of a review of its organizational structure, the company announced on Saturday. As a subsidiary of Booking Holdings, the company stated via email that it is in the early stages of this review, and no final decisions have been reached.…