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Oil Prices Rebound on China Reopening Optimism, Easing Fed Fears 0
- Economy
- January 9, 2023
Oil prices rose on Monday, recovering a measure of recent losses as investors bet that an economic reopening in China and a less hawkish rhetoric from the Federal Reserve will help spur a recovery in crude demand this year. China reopened its international borders for the first time since 2020, a clear indication that the
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Asia FX Rallies on China Reopening, Yuan at Over 4-Mth High 0
- Economy
- January 9, 2023
Most Asian currencies shot up on Monday, with the Chinese yuan hitting a four-month high after the country reopened its international borders, while hopes of a less hawkish rhetoric from the Federal Reserve also weighed on the dollar and supported regional units. The yuan jumped 0.7% to 6.7912 against the dollar, its strongest level since
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GM Wants U.S. Treasury to Reconsider tax Credits for Cadillac Lyriq EV 0
- Economy
- January 7, 2023
General Motors said Friday it wants the U.S. Treasury to reconsider classification of GM’s electric Cadillac Lyriq to allow it to qualify for federal tax credits. The Treasury and Internal Revenue Service did not classify the Lyriq as an SUV, meaning its retail price cannot be above $55,000 to qualify for up to $7,500 in
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Weekly Comic: China’s Precarious Reopening 0

January 6, 2023

China’s dash for herd immunity from COVID-19 may not be the miracle cure for its economic ills that markets seem to think. Global markets have owed their bright start to the year largely to hopes that the world’s second-largest economy will quickly reap the benefits of dropping the harsh public health restrictions that slowed the

Chinese Yuan hits 4-Mth High on Reopening cheer, U.S. Payrolls Awaited 0

Market

January 6, 2023

The Chinese yuan jumped to a four-month high on Friday as markets bet on a strong economic boost from China reopening its borders this month, while broader Asian currencies were flat as focus turned to key U.S. payrolls data for more cues on the economy. The yuan was among the best performers for the day,

Gold Steadies Ahead of Fed Minutes, Copper Slammed By China Fears 0

Gold

January 4, 2023

Gold prices hovered around six-month highs on Wednesday, cutting short a recent rally as traders bought back into the dollar in anticipation of more cues on monetary policy from the minutes of the Federal Reserve’s December meeting. The yellow metal marked a strong start to the new year as concerns over a looming recession and

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