Used-Car Prices Leap On U.S. Economic Recovery, Supply Crunch
Used car prices in the U.S. are soaring. The Manheim U.S. Used Vehicle Value Index, a gauge of pricing trends,…
Category: World
Dollar Ban For Wheat Purchases May Add To Nigeria Food Scarcity
Nigeria’s plans to expand restrictions on dollar access for imports to now also include sugar and wheat could worsen food…
Pound-Dollar To Extend Gains To 1.45 By June 2021 Day NAB
The British Pound to Dollar (GBP/USD) is forecast at 1.4500 for June 2021 and 1.50 for December. Foreign exchange analysts…
Dollar Struggles To Recover After Slump To 7-Week Trough Amid Lower U.S. Yields
The dollar languished on Wednesday, hovering just above a seven-week low with subdued U.S. bond yields reducing the currency’s yield…
Sterling Holds Ground As UK Inflation Ticks Higher
“CPI isn’t a story that will be driving sterling in the short term”, said Jeremy Stretch, a foreign exchange strategist…
NEWS WIRE Investing 9h Ago China’s Yuan Adds Renewed Momentum To Global Reflation Trade
China’s yuan is overvalued, and that could end up stoking global inflation. The yuan ranks as the most overvalued among…
HSBC: Buy The Euro, Sell The Pound As UK Good Vaccine News Priced In Say HSBC
Euro-to Pound (EUR/GBP) losses during the first quarter of 2021 were driven by the UK vaccine programme, but HSBC now…
ABCON Calls On CBN To Check Cryptocurrencies’ Impact On Diaspora Remittances
The Association of Bureaux De Change Operators of Nigeria (ABCON) has charged the Central Bank of Nigeria (CBN) to introduce…
CANADA FX DEBT-Canadian Dollar Notches 1-Month High Ahead Of Federal Budget
The Canadian dollar strengthened to a one-month high against its U.S. counterpart on Monday, as the greenback broadly declined and…
Dollar Slide Extends
Overview: The selling pressure on the greenback, evident last week, despite a series of stronger than expected economic reports, carries over…
China Leaves Lending Benchmark Rate Steady For 12th Straight Month
China kept its benchmark lending rate for corporate and household loans steady for the 12th straight month at its April…
Bank Of England Joins Global Peers Exploring A Digital Currency
Britain’s Treasury and the Bank of England are weighing the potential creation of a central bank digital currency, joining…
UK Banks Launch 95% Mortgages: Everything You Need To Know
A new government-backed mortgage scheme has launched in the UK which will help first-time buyers, or current homeowners, secure a…
Coca-Cola Revenue Rises Past Estimates On Easing Pandemic Curbs
Coca-Cola Co trounced Wall Street estimates for quarterly revenue on Monday, fueled by strong demand for its beverages from the…
Arizona Mining Fight Pits Economy, EVs Against Conservation, Culture
Early last year, Darrin Lewis paid $800,000 for a hardware store in a tiny Arizona town where mining giant Rio…
Harley-Davidson Boosts Sales Forecast As Quarterly Shipments Rise
U.S. motorcycle maker Harley-Davidson on Monday reported a 10% rise in first-quarter revenue and raised it full-year forecast for sales growth,…
European Shares Hit Highs As Markets Upbeat About Recovery Prospects
World shares traded near record highs on Monday, as markets were generally upbeat about the prospects for a global economic…
U.S. Banks Deploy AI To Monitor Customers, Workers Amid Tech Backlash
Several U.S. banks have started deploying camera software that can analyze customer preferences, monitor workers and spot people sleeping near…
China NDRC Approves 16 Fixed-Asset Investment Projects Worth $6.96 bln In Q1
China’s state planner said on Monday that it approved 16 fixed-asset investment projects worth a total of 45.4 billion yuan…
Dollar Pinned Near One-Month Low Amid Subdued U.S. Yields
The dollar was pinned near a one-month low to major peers on Monday, with Treasury yields hovering near the lowest…
Goldman Sachs Invests $69 Million In Britain’s Starling Bank
British digital bank Starling said on Monday that Goldman Sachs (GS.N) had invested 50 million pounds ($69 million) in the UK lender.…
ABN Amro To Settle Money Laundering Probe For $574 mln
Dutch bank ABN Amro on Monday said it had reached a 480-million-euro ($574 million) settlement with prosecutors in the Netherlands over…
Microsoft To Invest $1 bln In Malaysia To Set Up Data Centres – Malaysian PM
Microsoft Corporation will invest $1 billion over the next five years in Malaysia as part of a new partnership programme with…
Credit Suisse Serves Investors Thin Gruel As Wall Street Feasts On Deals
While Wall Street rivals feast off a boom in trading and deals, Credit Suisse is stuck in limbo. The collapse…
ESR, GIC To Buy Australian Logistics Property Portfolio From Blackstone For $2.9 bln
Logistics real estate manager ESR Cayman Limited (1821.HK) said it will join with Singaporean sovereign wealth fund GIC to buy an Australian…
India May Build New Coal Plants Due To Low Cost Despite Climate Change
India may build new coal-fired power plants as they generate the cheapest power, according to a draft electricity policy document…
Investor Group Calls For Banks To Set Tougher Climate Targets
A group of investors managing $11 trillion in assets has called on banks to set tougher emissions targets ahead of…
Coinbase Chief Executive Armstrong Sold $291.8 Million In Shares On Opening Day
Coinbase Chief Executive Brian Armstrong sold about $292 million in shares in total during the cryptocurrency exchange’s first day of trading…
The ‘Metaverse’ Bet: Crypto-Rich Investors Snap Up Virtual Real Estate
What do you do with a $69 million artwork that doesn’t physically exist? That’s the question faced by the Singapore-based…
Clubhouse Closes New Round Of Funding That Would Value App At $4 Billion
Audio-chat app Clubhouse closed a new Series C round of financing, the company said during its weekly town hall on…