Dollar eyes best week against yen in three months; cryptos leap

Dollar eyes best week against yen in three months; cryptos leap

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo Acquire Licensing Rights SINGAPORE, Nov 10 (Reuters) – The dollar was headed for its best week against the yen in three months on Friday, after Federal Reserve Chair Jerome Powell and … Read more

Crack in US dollar strength to spread as economy slows: Reuters poll

Crack in US dollar strength to spread as economy slows: Reuters poll

BENGALURU, Nov 8 (Reuters) – The dollar’s recent weakness will linger for the rest of the year, according to a majority of FX strategists in a Reuters poll, who also said economic data will be the primary influencer of major currencies for the rest of 2023. A stronger-than-expected U.S. economy and rising Treasury yields as … Read more

Dollar eases as month-end flows weigh; eyes on Fed and BOJ

Dollar eases as month-end flows weigh; eyes on Fed and BOJ

U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing Rights NEW YORK, Oct 27 (Reuters) – The dollar edged down against a basket of currencies on Friday, pulled down by portfolio rebalancing, but was on track to end the week … Read more

Dollar firms, yen weakens to intervention-wary level

Dollar firms, yen weakens to intervention-wary level

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights SINGAPORE, Oct 26 (Reuters) – The dollar was firm on Thursday, hovering near a one-week high as Treasury yields rose and investor appetite for riskier currencies dimmed, while the yen breached 150 … Read more

Japan’s Denso to invest $3.3 billion to bulk up chips business

Japan’s Denso to invest $3.3 billion to bulk up chips business

Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights TOKYO, Oct 26 (Reuters) – Japanese automotive supplier Denso (6902.T) will invest about 500 billion yen ($3.3 billion) in semiconductors by 2030 as aims to triple the scale of its chips business … Read more

Dollar bounces, euro heavy on US/euro zone growth outlook divergence

Dollar bounces, euro heavy on US/euro zone growth outlook divergence

[1/2]U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights SINGAPORE, Oct 25 (Reuters) – The dollar was on the front foot on Wednesday, drawing support from yet another resilient U.S. economic data reading, while the euro struggled to make headway on the back of … Read more

UAW presses Detroit automakers for better offer, threatens more walkouts

UAW presses Detroit automakers for better offer, threatens more walkouts

[1/2]The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021. REUTERS/Rebecca Cook// Acquire Licensing Rights DETROIT, Oct 20 (Reuters) – United Auto Workers President Shawn Fain on Friday warned of more walkouts at U.S. truck and SUV factories unless the … Read more

Exclusive: Japan’s JFE Steel eyes stake in Teck’s coal business -sources

Exclusive: Japan’s JFE Steel eyes stake in Teck’s coal business -sources

[1/2]The logo for Canadian mining company Teck Resources Limited is displayed above their booth at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing Rights TORONTO, Oct 19 (Reuters) – Japan’s JFE Steel Corp is in talks to buy a stake in … Read more

Ford, UAW leaders spar as auto strike costs rise

Ford, UAW leaders spar as auto strike costs rise

[1/5]Bill Ford, executive chairman of Ford Motor Company, speaks at their Rouge Visitor Center in Dearborn, Michigan, U.S. October 16, 2023. Jeff Kowalsky/Ford Motor Co./Handout via REUTERS. Acquire Licensing Rights DEARBORN, Michigan, Oct 16 (Reuters) – Ford (F.N) executive chairman Bill Ford on Monday urged the United Auto Workers union to end a 32-day strike … Read more

Microsoft closes $69 billion Activision deal after Britain’s nod

Microsoft closes $69 billion Activision deal after Britain’s nod

Biggest-ever gaming deal closes after UK approval UK regulator CMA had blocked the acquisition in April Microsoft agreed to sell streaming rights to win approval CMA says ‘sticking to its guns’ pays off for gamers LONDON, Oct 13 (Reuters) – Xbox maker Microsoft (MSFT.O) closed its $69 billion deal for Activision Blizzard (ATVI.O) on Friday, … Read more