Investing.com– Bank of America Global Research (BofA) maintains a bearish stance on the Japanese yen (JPY) heading into 2025, projecting the USD/JPY exchange rate to reach 160 by the year’s end. The path, however, is expected to be uneven, shaped by U.S. policy shifts. Following the November U.S. presidential election, expectations of fiscal stimulus drove…
BERLIN (AP) — The smells of mulled wine, roasted almonds and hot bratwurst are wafting through the air across the German capital again, as the city’s more than 100 Christmas markets are opening their doors this week. But the annual tradition that Germans have cherished since the Middle Ages — and successfully exported to much…
Investing.com– Donald Trump plans to name Jamieson Greer as the U.S. Trade Representative, Bloomberg reported on Tuesday, amid growing concerns over increased import tariffs under a Trump administration. Greer is an attorney who has practised U.S. trade law, and had served as chief of staff under U.S. Trade Representative Robert Lighthizer during Trump’s first term-…
Investing.com– China’s economic outlook for 2025 remains clouded by weak domestic demand and mounting deflationary pressures, despite a recent uptick in expectations for policy stimulus, according to Bank of America (BofA) analysts. While the country has benefited from a technology product upcycle and resilient demand from the global south, consumer and investor confidence remains subdued,…
Investing.com– Australian consumer price index inflation grew less than expected in October as government subsidies helped lower energy expenses, although core inflation rose further above the Reserve Bank’s target range. CPI inflation grew 2.1% year-on-year in October, data from the Australian Bureau of Statistics showed on Wednesday. The reading was weaker than expectations of 2.5%…
Investing.com– U.S. stock index futures steadied on Tuesday evening after a positive session on Wall Street, with focus turning squarely to upcoming inflation data that is likely to factor into the outlook for interest rates. Futures steadied after a positive session on Wall Street, as gains in technology stocks helped offset concerns over increased import…
Grades for all 32 NHL teams at the quarter mark of 2024-25 Despite some thought the Hurricanes would take a step back this season, they appear well on track for another playoff appearance. Katherine Gawlik/Icon Sportswire via Getty Images Ryan S. Clark Close Ryan S. Clark NHL reporter Ryan S. Clark is an NHL reporter for…
By David Shepardson WASHINGTON (Reuters) – United Airlines said on Tuesday that an acute shortage of air traffic controllers was causing “significant disruption” for travelers at its busy Newark, New Jersey, hub outside of New York City. The airline said the Federal Aviation Administration has been forced to reduce traffic flows to Newark hub because…
(Reuters) – U.S. President-elect Donald Trump is expected to name Jamieson Greer as the U.S. Trade Representative, Bloomberg reported on Tuesday. Source
By Yena Park and Jihoon Lee SEOUL (Reuters) – South Korea’s pension fund has been selling dollars in the onshore foreign exchange market in recent weeks, capping losses in the won currency as the dollar surges, two sources with knowledge of the matter told Reuters. The National Pension Service (NPS), the world’s third-largest public pension…
