Indian shares were subdued on Wednesday as investors await the minutes from the Federal Reserves most recent monetary policy meeting and Fed Chair Jerome Powells speech at the Jackson Hole Economic Symposium for clues on the U.S. interest-rate cuts this year. The benchmark S&P/BSE Sensex was down 109 points, or 0.1 percent, at 80,693 in...
Japans exports growth accelerated in July driven by weaker yen and imports strengthened as rising wages boosted domestic demand, data published by the Ministry of Finance showed on Wednesday. Exports posted an annual growth of 10.3 percent, stronger than Junes 5.4 percent increase. Shipments have been rising since last December. However, the latest increase was...
Public sector finances data from the UK is the only major report due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK public sector net borrowing data for July. The budget deficit is expected to narrow to GBP 0.5 billion from GBP...
Thailands economy expanded at the fastest pace in more than a year in the second quarter, underpinned by consumption, exports and tourism but the uncertainty over the digital wallet plan following the leadership change weighs on growth outlook. Gross domestic product grew 2.3 percent on a yearly basis in the second quarter after rising 1.6...
Artificial intelligence or AI, mainly more popular generative AI, is being considered as a potential risk factor by majority of Fortune 500 companies, according to a report from research firm Arize AI. The survey of major U.S. corporations annual reports, The Rise of Generative AI in SEC Filings indicates that 281 companies among the total...
A softening in price pressures in the U.S. that renewed rate cut expectations aided the U.S. dollars decline against major currencies during the week ended August 16. The U.S. dollar slipped against the euro, the British pound, the Australian dollar, the Canadian Dollar and the Swedish Krona but held its ground against the Japanese yen...
German flag carrier Deutsche Lufthansa AG (DLAKY) is again adjusting its services to the Middle East, Based on its current security analysis, is suspending its operations in the region up to and including Wednesday, 26. August, according to the information on Lufthansa flights on its website on Monday. All Lufthansa flights to Amman, Beirut, Erbil,...
A reading on leading U.S. economic indicators fell by much more than expected in the month of July, according to a report released by the Conference Board on Monday. The Conference Board said its leading economic index slid by 0.6 percent in July after dipping by 0.2 percent in June. Economists had expected the index...
The U.S. dollar was lower against its most major counterparts in the New York session on Monday, as dovish comments from Fed officials fueled optimism about a rate cut in September. Minneapolis Fed President Neel Kashkari said that it is appropriate to debate about a rate cut in September amid concerning signs in the labor...
Asian stocks turned in a mixed performance on Tuesday despite dovish Fed expectations and signs of easing Middle East tensions. The dollar index was on the defensive as investors awaited minutes of the Federal Reserves July policy meeting and a speech from Chair Jerome Powell at Jackson Hole for additional clues on the possibility of...