Asia

Gold hovers near nine-month high, focus turns to U.S. data

Reuters | January 25, 2023

By Seher Dareen (Reuters) – Gold reversed course to edge up on Wednesday as the dollar weakened and investors kept a close eye on a slew of upcoming U.S. economic data that could influence the Federal Reserve monetary policy meeting next week. Spot gold rose 0.2% to $1,940.49 per ounce by 1:40 p.m. ET (1840 […]

Amazon’s AWS to invest $35 billion in Virginia

Reuters | January 21, 2023

By David Shepardson WASHINGTON (Reuters) -Amazon.com Inc’s cloud services division said Friday it plans to invest another $35 billion by 2040 to expand data centers in Virginia. Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Virginia Republican Governor Glenn Youngkin said AWS will establish multiple data center campuses across Virginia. In […]

Davos 2023: CEOs buzz about ChatGPT-style AI at World Economic Forum

Reuters | January 20, 2023

By Jeffrey Dastin DAVOS, Switzerland (Reuters) -Business titans trudging through Alpine snow can’t stop talking about a chatbot from San Francisco. Generative artificial intelligence, tech that can invent virtually any content someone can think up and type into a text box, is garnering not just venture investment in Silicon Valley but interest in Davos at […]

Fund manager allocation to U.S. stocks in January collapses – BofA survey

Reuters | January 17, 2023

By Samuel Indyk LONDON (Reuters) – Fund managers’ allocation to U.S. equities collapsed in January, with 39% saying they had an underweight position, the most since October 2005, a BofA survey of global investor views on Tuesday showed. Global growth optimism hit a one-year high, while inflation expectations have peaked, according to the global Fund […]

Stocks rise, dollar stumbles after U.S. inflation data

Reuters | January 12, 2023

By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks climbed on Thursday while longer-dated U.S. Treasury yields and the dollar fell after a reading of consumer prices fed expectations the Federal Reserve may have leeway to scale back the size of future interest rate hikes. U.S consumer prices fell in December for […]

U.S. dollar down, still set for best year since 2015

Reuters | December 30, 2022

By Hannah Lang WASHINGTON (Reuters) – The dollar was on track to post its best year since 2015 on Friday in the last trading day of a year dominated by Federal Reserve rate hikes and fears of a sharp slowdown in global growth. As 2022 draws to a close, the dollar was set to notch […]

Russian rouble slumps again as volatile year-end trade continues

Reuters | December 28, 2022

By Alexander Marrow MOSCOW (Reuters) -The Rouble weakened sharply on Wednesday, sliding to the 72 mark against the dollar, as sanctions on Russian oil and their probable impact on export revenues put pressure on the Russian currency. The Rouble lost about 8% against the dollar last week and is on course for a hefty monthly […]

Russian mobile calls, internet seen deteriorating after Nokia, Ericsson leave

Reuters | December 21, 2022

By Supantha Mukherjee and Alexander Marrow STOCKHOLM/MOSCOW (Reuters) -When telecoms gear makers Nokia and Ericsson leave Russia at the end of the year, their departure could steadily cripple the country’s mobile networks over the long-term, setting off a deterioration in communication for everyday Russians. Five senior telecoms executives and other industry sources said Russian mobile […]

Cryptocurrencies at crossroads after annus horribilis

Reuters | December 20, 2022

By Vidya Ranganathan SINGAPORE (Reuters) – To borrow from Britain’s Queen Elizabeth, 2022 is not a year on which the cryptocurrency world shall look back with undiluted pleasure. Crashes, contagion, collapses came in such quick succession that investors were, towards the end of the year, asking serious existential questions. After all, the largest cryptocurrency, bitcoin, […]

Putin says Russia will fight sanctions with shift in trade and energy flows

Reuters | December 15, 2022

(Reuters) -President Vladimir Putin said on Thursday that Russia would expand trade cooperation with new partners, including by sharply increasing gas exports to China, to combat Western sanctions. When spending on the war in Ukraine is squeezing funds for health and education, Putin promised Russians in a major televised speech on the economy that pensions […]

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