Markets
By Ju-min Park and Eduardo Baptista SEOUL/PINGDU, China (Reuters) – Millions of dollars in sales of North Korean false eyelashes – marketed in beauty stores around the world as “made in China” – helped drive a recovery in the secretive state’s exports last year. The processing and packaging of North…
By Natalie Grover, Robert Harvey and Ahmad Ghaddar LONDON (Reuters) – Tankers carrying Russian oil have continued sailing through the Red Sea largely uninterrupted by Houthi attacks on shipping and face lower risks than competitors, according to shipping executives, analysts and flows data. Russia has become more dependent on trade…
Investing.com– Most Asian currencies moved in a tight range on Monday as market holiday across most of the region kept trading volumes limited, while the dollar fell slightly before key inflation data due this week. Chinese, Singapore, South Korean and Hong Kong markets were closed for the Lunar New Year…
Last updated: March 29, 2024 16:34 EDT | 2 min read CFTC Commissioner Caroline D. Pham issued a statement Friday seemingly criticizing her own agency for its latest “aggressive enforcement action” following the agency’s KuCoin charges, saying it might “infringe upon the SEC’s authority.”While Pham commended the independent government agency’s…
Copper prices continue to stand above the $8,200/metric tonne (mt) mark, defying weaker investor sentiment in China, as a series of mine supply downgrades drive analysts’ prediction of a persistent market deficit in 2024. Analysts at UBS foresee a target of $9,500/mt for , recommending investors seize buying opportunities on…
By Maiya Keidan TORONTO (Reuters) – Top Canadian pension manager the Alberta Investment Management Corporation (AIMCo) on Thursday announced the creation of a C$1 billion ($745 million) energy transition fund, following similar moves by peers. AIMCo, which has C$158 billion in assets, said the fund will be dedicated to investing…
By Gertrude Chavez-Dreyfuss and Herbert Lash NEW YORK (Reuters) -The dollar rose modestly against major currencies on Monday, as investors braced for data on U.S. inflation and retail sales this week for clues on when the Federal Reserve may begin widely anticipated interest rate cuts. In cryptocurrencies, bitcoin hit $50,000…
Last updated: February 25, 2024 02:44 EST | 4 min read On Sunday, Bitcoin demonstrates resilience with a 1.35% increase, trading at $51,600 on Sunday. This stability comes at a time when the Texas Blockchain Council and Riot Platforms achieve a notable legal victory against US energy regulators, securing a…
© Reuters. FILE PHOTO: Foxconn logo is seen in this illustration taken, May 2, 2023. REUTERS/Dado Ruvic/Illustration/File Photo TAIPEI (Reuters) – Taiwan’s Foxconn, Apple (NASDAQ:)’s biggest iPhone assembler and the world’s largest contract electronics maker, expects its business this year to be “slightly better” than last year but is facing…
WASHINGTON (Reuters) -A top U.S. Energy Department official will testify at Feb. 8 Senate Energy Committee hearing looking into President Joe Biden’s pause on new approvals for liquefied (LNG) exports, the Energy Department said on Thursday. Biden paused the approvals last week so his administration can look into the environmental…