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January 8, 2025
Asian currencies weaken as rate concerns strengthen the dollar; yen holds steady amid intervention speculation.
Most Asian currencies edged lower on Wednesday as expectations of a slower pace of U.S. interest rate cuts lent strength to the dollar, while the Japanese yen remained steady following warnings of potential intervention from government officials. Regional markets were also weighed down by escalating trade tensions between the U.S.
January 8, 2025
Asia’s dollar bond issuance is expected to increase by 20% as activity in China’s deals accelerates.
Asian dollar bond issuance is projected to rise by approximately 20% in 2025 compared to the previous year, driven by a surge in Chinese debt deals and the prospect of U.S. interest rate cuts making dollar bonds more attractive than local currency debt for companies. In the opening days of
Southwest Airlines announced on Tuesday that it has finalized an agreement to sell and lease back 36 of its Boeing 737-800 aircraft through Babcock & Brown Aircraft Management. The airline successfully completed the sale and leaseback of 35 aircraft in late December, generating $871 million in proceeds. The lease agreements
January 7, 2025
Tesla stock declines as Bank of America lowers its rating, citing “elevated” execution risks and valuation concerns.
Tesla shares dropped approximately 2% in premarket trading on Tuesday after Bank of America downgraded the stock from “Buy” to “Neutral.” Despite raising its price target to $490 from $400, analysts expressed concerns about the high execution risks and valuation. They stated that Tesla’s current trading level already reflects much
January 6, 2025
Bitcoin has extended its winning streak for the seventh consecutive day, climbing to $99.5k following a dip at the end of the year.
Bitcoin rose for the seventh consecutive session on Monday, recovering from a slump at the end of the year, as investors wait for signals regarding the U.S. regulatory outlook before President-elect Donald Trump takes office later this month. By 01:35 ET (06:35 GMT), Bitcoin had increased by 1.1%, reaching $99,513.7.
January 6, 2025
Gold declined as a stronger dollar prompted profit-taking following the release of new weekly jobless claims data.
Gold prices eased by 0.51% to settle at ₹77,317 per 10 grams as a stronger dollar triggered profit-taking. The dollar remained near two-year highs, driven by expectations of prolonged elevated U.S. interest rates and concerns over potential tariffs under the incoming Trump administration. Weekly jobless claims data underscored the resilience
Oil prices hit their highest levels in over two months during Asian trading on Monday, supported by optimism around rising demand in China, the world’s top oil importer. However, a stronger dollar capped significant gains. Crude prices marked two consecutive weeks of increases, driven by expectations of improved Chinese demand
Microsoft announced plans to invest approximately $80 billion in fiscal 2025 to expand its data centers, focusing on training artificial intelligence (AI) models and deploying AI and cloud-based applications, according to a blog post published on Friday. The surge in AI investments began after OpenAI launched ChatGPT in 2022, as
January 4, 2025
US Official Announces $8 Billion Arms Sale to Israel
The Biden administration has informed Congress of a proposed $8 billion arms sale to Israel, a U.S. official announced on Friday. The move underscores Washington’s ongoing support for its ally amid a Gaza conflict that has resulted in tens of thousands of deaths. The deal, which requires approval from the
BlackRock’s iShares Bitcoin Trust (NASDAQ: IBIT) recorded its largest daily outflow since its launch a year ago, coinciding with the resumption of U.S. trading following the New Year’s Day holiday. On January 2, the spot Bitcoin ETF saw an outflow of $332.6 million, surpassing the previous record of $188.7 million