Morning Bid: RBA center stage as markets wobble

Morning Bid: RBA center stage as markets wobble

A worker is reflected in a wall of the Reserve Bank of Australia (RBA) head office in central Sydney, Australia, March 1, 2016. REUTERS/David Gray/File Photo Acquire Licensing Rights Dec 5 (Reuters) – A look at the day ahead in Asian markets. An interest rate decision from Australia and key inflation readings from Japan and … Read more

French ministers head to Indo-Pacific, Australia in diplomatic push

French ministers head to Indo-Pacific, Australia in diplomatic push

[1/3]French Foreign Affairs Minister Catherine Colonna and French Defence Minister Sebastien Lecornu leave following the weekly cabinet meeting at the Elysee Palace in Paris, France, November 22, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing Rights French defence minister to host South Pacific counterparts Paris eyes further military ties with Philippines, Malaysia Foreign minister heads to Australia, … Read more

Malaysia’s Sime Darby seeks to expand car retail business into India, Indonesia – CEO

Malaysia’s Sime Darby seeks to expand car retail business into India, Indonesia – CEO

A logo of Sime Darby is seen at its car showroom in Petaling Jaya, Malaysia November 30, 2023. REUTERS/Hasnoor Hussain/File Photo Acquire Licensing Rights KUALA LUMPUR/SINGAPORE, Nov 30 (Reuters) – Sime Darby (SIME.KL), Malaysia’s industrial and automotive conglomerate, is looking to set up a luxury car retail business in India and expand in Indonesia to … Read more

Stocks hold firm as dollar dithers ahead of US data

Stocks hold firm as dollar dithers ahead of US data

LONDON, Nov 28 (Reuters) – Global stocks steadied on Tuesday, underpinned by the conviction among investors that the Federal Reserve will not raise rates again, which kept the dollar at three-month lows and supported gold above $2,000 an ounce. Traders will have to weigh up data this week on how the U.S. economy fared in … Read more

Chinese AI firm SenseTime refutes short-seller report allegations

Chinese AI firm SenseTime refutes short-seller report allegations

Nov 28 (Reuters) – Chinese artificial intelligence software developer SenseTime Group (0020.HK) said on Tuesday that a short-seller report by Grizzly Research LLC is ‘without merit’ and will review the allegations against the company. Earlier on Tuesday, the short-seller’s report alleged the AI firm was artificially inflating revenue through revenue fabrication schemes. Shares of the … Read more

China’s Shein files for US IPO in major test for investor appetite- sources

China’s Shein files for US IPO in major test for investor appetite- sources

Shein yet to determine IPO size, valued at over $60 bln in May IPO comes amid challenging markets and U.S. scrutiny Fast-fashion retailers still behind Amazon on sales Nov 27 (Reuters) – Fashion company Shein has confidentially filed to go public in the United States, two sources familiar with the matter said on Monday, in … Read more

Dollar slips on bets US rates have peaked

Dollar slips on bets US rates have peaked

A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August 28, 2018. Picture taken August 28, 2018. REUTERS/Marcos Brindicci Acquire Licensing Rights NEW YORK, Nov 24 (Reuters) – The dollar slipped against a basket of currencies on Friday on news of steady U.S. business activity in November, but private sector employment … Read more

Mideast wealth funds draw US scrutiny over China ties – Bloomberg News

Mideast wealth funds draw US scrutiny over China ties – Bloomberg News

Nov 24 (Reuters) – Middle Eastern wealth funds are facing greater U.S. scrutiny as part of a pushback on entities potentially having closer ties to China, Bloomberg News reported on Friday. The Committee on Foreign Investment in the United States is reviewing more than half a dozen deals on concerns of national security risks, including … Read more

Morning Bid: AI buzzes but market shrugs at Nvidia beat

Morning Bid: AI buzzes but market shrugs at Nvidia beat

A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market takes a significant dip in New York, U.S., February 25, 2020. REUTERS/Lucas Jackson/File Photo Acquire Licensing Rights A look at the day ahead in U.S. and global markets from Mike Dolan The mercurial world of … Read more

EUROPE Nvidia shares take bumpy ride after hours

EUROPE Nvidia shares take bumpy ride after hours

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo Acquire Licensing Rights A look at the day ahead in European and global markets from Wayne Cole. The early focus was on Nvidia (NVDA.O), which in AI tech terms is the only … Read more