Forex

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…

Australia’s competition regulator announced on Friday that it has granted Qatar Airways interim approval to acquire a 25% stake in Virgin Australia [IPO-VIR.AX]. The partnership also allows the two airlines to begin selling round-trip flights between the countries starting June next year. This arrangement provides Qatar Airways, which plans to…

The dollar rebounded slightly from a two-week low against major currencies during subdued holiday trading on Thursday, while the yen appeared set for its strongest weekly performance in nearly three months, fueled by growing expectations of a December rate hike in Japan. The yen weakened by 0.5% to 151.93 per…

China has criticized U.S. President-elect Donald Trump’s plans to impose additional tariffs on Chinesegoods as a response to fentanyl trafficking, accusing the incoming administration of shifting blamefor the U.S. opioid crisis. Trump, set to take office on January 20, announced his intention tointroduce a 10% tariff unless Beijing takes stronger…

“Bus number seven wasn’t running this morning,” wrote Olga Slatina on social media from Russia’s Sverdlovsk region in the Ural Mountains. “The dispatcher said it wouldn’t be available because there was no one to drive it.” While Slatina’s local bus driver in Kamensk Uralsk might have simply been out sick…

Bitcoin extended its rally on Thursday, building on an overnight rebound fueled by optimism over Donald Trump’s potential crypto-friendly policies as he prepares to take office. The cryptocurrency moved closer to the $100,000 milestone after recovering from last week’s failed attempt to breach the level, during which traders took profits.…

South Korea’s export growth likely slowed for the fourth consecutive month in November, reaching its weakest level in 14 months due to declining demand in the United States amid uncertainty over tariff policies, according to a Reuters poll on Thursday. Exports from Asia’s fourth-largest economy are projected to have increased…

Gold prices edged down in Asian trading on Thursday, weighed by persistent U.S. inflation and robust economic data that raised doubts about the extent of the Federal Reserve’s potential interest rate cuts. The yellow metal had already seen some declines earlier in the week, following reports of an Israel-Hezbollah ceasefire…

Barclays expects the Federal Reserve to implement another 25-basis-point rate cut in December, based on insights from the minutes of the November 6-7 Federal Open Market Committee (FOMC) meeting. In a note released Wednesday, the bank highlighted that the minutes reflect a Fed leaning toward gradual easing, with future moves…

JPMorgan Shifts Stance on Mexican and Brazilian Equities Amid Global and Domestic Challenges JPMorgan has upgraded Mexican equities to “overweight” from “neutral,” citing strong U.S. economic growth, while downgrading Brazilian equities to “neutral” from “overweight” due to slowing growth in China and potential headwinds from President-elect Donald Trump’s proposed tariff…