Forex

The Chinese yuan dropped to a four-month low against a strengthening U.S. dollar on Monday, as Asian currencies took a hit following U.S. President-elect Donald Trump’s announcement of potential hefty tariffs on BRICS nations. In a social media post on Sunday, Trump threatened 100% tariffs on BRICS countries — Brazil,…

The U.S. is set to implement its third major crackdown in three years on China’s semiconductor industry starting Monday. The new measures will impose export restrictions on 140 companies, including Naura Technology Group, a chip equipment manufacturer, according to sources familiar with the matter. These restrictions aim to curb Beijing’s…

U.S. lender JPMorgan Chase (NYSE:JPM) announced on Friday that it would drop its lawsuit against Tesla (NASDAQ:TSLA), which accused the electric vehicle maker of “flagrantly” violating a 2014 contract related to stock warrants sold to the bank. The decision was revealed in a joint one-page filing in a Manhattan court,…

The U.S. State Department has approved a potential arms sale to Taiwan valued at approximately $385 million, according to the Pentagon. The deal, announced on Friday, includes spare parts for F-16 jets and radar systems, coming just ahead of Taiwan President Lai Ching-te’s sensitive Pacific tour, which involves stops in…

Shares of Naturgy Energy Group   climbed on Friday following J.P. Morgan’s decision to upgrade the stock from “underweight” to “neutral.” The upgrade was driven by improving earnings prospects and the stock’s recent underperformance compared to its sector peers. Analysts highlighted two key reasons for the shift: an anticipated acceleration…

The yen surged more than 1% against the U.S. dollar to reach a six-week high on Friday, driven by stronger-than-expected inflation in Tokyo, which fueled speculation of a potential Bank of Japan interest rate hike next month. Meanwhile, the U.S. dollar weakened against other currencies, with trading volumes lighter due…

Taiwan’s economy is projected to grow by 4.27% in 2024, according to the Directorate General of Budget, Accounting, and Statistics, which raised its forecast from the previous estimate of 3.9%. The country’s gross domestic product (GDP) grew by a revised 4.17% in the third quarter compared to the same period…

Thailand’s economy saw improvement in October, supported by growth in tourism, exports, and private consumption, aided by the government’s economic stimulus measures, according to the Bank of Thailand (BOT) on Friday. Exports, a significant driver of the economy, surged by 14.2% year-on-year in October, while imports increased by 17.1%, resulting…

On Friday, Big Tech companies criticized a groundbreaking Australian law that prohibits individuals under 16 from using social media, calling the legislation “rushed” through parliament. Approved late on Thursday, the law mandates platforms like Meta-owned Instagram and Facebook, as well as TikTok, to block minors from accessing their services or…

Seoul, Nov 29 South Korean institutions’ investments in foreign securities rose by 5.4% in the third quarter compared to three months prior, driven in part by higher valuations of overseas stocks and bonds, according to central bank data released Friday. Data from the Bank of Korea (BOK) showed that the…