Breadcrumb Trail Links PMN Business Author of the article: Article content WARSAW — The Hungarian forint firmed on Friday, outperforming other regional currencies, supported by a rate hike earlier this Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. By clicking on […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Susan Mathew and Ankika Biswas Article content Emerging market (EM) stocks extended declines on Friday and were set to log their worst week since mid-July, while currencies fell to two-year lows as worries about China’s COVID-19 and U.S. jobs data due later in the day […]
Article content South African manufacturing activity expanded in August as business output rose while new sales orders declined at a slower pace than before, a survey showed on Thursday. The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) was at 52.1 points in August from 47.6 points in July, rising above the 50-point mark that separates expansion […]
Article content LONDON — The European Union’s markets watchdog said on Thursday it was on red alert for contagion after inflation stoked by Russia’s invasion of Ukraine has threatened markets’ ability to function in an orderly way. The European Securities and Markets Authority (ESMA) in its latest risk monitor report gave an overall red risk […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Stephen Nellis and Jane Lanhee Lee Article content Chip designer Nvidia Corp said on Wednesday that U.S. officials told it to stop exporting two top computing chips for artificial intelligence work to China, a move that could cripple Chinese firms’ ability to carry […]
Article content LONDON — The pool of negative-yielding euro zone government bonds hit a new low in August, data from electronic bond trading platform Tradeweb showed on Thursday, as expectations for further interest rate hikes sent borrowing costs across the bloc soaring. German government bond yields rose to their highest level in more than two […]
Article content SHANGHAI/BEIJING — China’s major state-owned banks were seen selling dollars on Wednesday afternoon, driving the yuan to the stronger side of 6.9 per dollar, four sources with knowledge of the trading said. The yuan is hovering near two-year lows, but since mid-morning ground higher and closed the domestic trading session at 6.8095. Article […]
Article content FRANKFURT — Euro zone inflation rose to another record high this month, beating expectations and solidifying the case for further big European Central Bank rate hikes even before pries peak near the turn of the year. Consumer price growth in the 19 countries sharing the euro currency rose to 9.1% in August from […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Samuel Indyk Article content LONDON — The euro slipped back below parity against the dollar on Wednesday and was on track for its third consecutive monthly drop as a burgeoning energy crisis is set to weigh on the bloc’s growth, while the European Central Bank […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Julia Payne Publishing date: Aug 31, 2022 • 12 minutes ago • 2 minute read • Join the conversation Article content LONDON — Oil prices continued to slide on Wednesday on investor worries about the ailing state of the global economy, the prospect of key central […]