Stock market today: Wall Street rises to more records to close out its latest winning month Bozeman Daily Chronicle Source link
BANGKOK (AP) — Asian shares were mixed on Thursday after U.S. stocks broke out of a three-day lull to close at a record. Oil prices advanced, while U.S. futures edged lower. The dollar remained strong against the Japanese yen and Chinese yuan, a trend that has unsettled regulators in both Tokyo and Beijing. The dollar … Read more
The Comac C919 is not very different from what Airbus and Boeing already have in the market, and that it was “not going to rock the boat in particular,” Christian Scherer, chief executive officer of Airbus’s aircraft commercial business said. “It looks a bit like an Airbus narrow body,” Scherer said, tongue in cheek, noting … Read more
A pedestrian speaks on a mobile phone as he watches a digital screen relaying the budget speech by Indian Finance Minister Nirmala Sitharaman on the facade of the Bombay Stock Exchange (BSE) in Mumbai on February 1, 2021. PUNIT PARANJPE | AFP via Getty Images In a report released Monday, the finance ministry said the … Read more
Stock market today: Wall Street drifts near records as earnings reporting season heats up Crossroads Today Source link
Argentina devalued the peso by 54% and announced a swath of spending cuts as the first steps of President Javier Milei’s shock-therapy program, moves welcomed by the International Monetary Fund. The newly inaugurated administration weakened the official exchange rate to 800 pesos per dollar, Economy Minister Luis Caputo said in a televised address after the … Read more
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Argentina investors again braced for a selloff after Economy Minister Sergio Massa did better than forecast in Sunday’s presidential vote, dashing hopes for an outright win by a more market-friendly candidate. The country’s dollar bonds — already trading below 30 cents on the dollar — look set to tumble further ahead of the Asia market … Read more
Is Bitcoin an Inflation Hedge? Here Are the Arguments on Both Sides The Wall Street Journal Source link
China moved to support the yuan by increasing the supply of foreign currency in its local market, part of a multi-pronged effort by Beijing to restore confidence amid sluggish growth. Financial institutions will need to hold just 4% of their foreign-exchange deposits in reserve starting Sept. 15, the People’s Bank of China said Friday, compared … Read more