Sunday, November 24, 2024

Japanese Yen Rallies to 4-month High on BoJ Policy Tweak, Asia FX Slips

Asia FX slips
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Most Asian currencies fell slightly on Tuesday as fears of a potential recession persisted, while the Japanese yen rallied past its peers after the Bank of Japan tweaked its ultra-dovish policy, drumming up hopes for an eventual pivot. The yen jumped 2.7% to 133.14...

Zomato Delivers IPO Feeding Frenzy, 3 More Unicorns Line Up

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The market for initial public offerings (IPOs) in India is turning into a feeding frenzy. The amount of money raised in IPOs this year has reached $8.8 billion, already surpassing the totals of the past three years though it's only August. At the current pace,...

Oil Prices And Financial Markets Brace For Recession

financial
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The apparent contradiction between the real economy and financial markets has puzzled some commentators but is normal around a peak in the business cycle. U.S. economic data remains strong but a range of financial indicators point to a sharp slowdown over the next year that...

9 Ways to Sleep Better with Ulcerative Colitis

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Ulcerative colitis can cause physical and emotional symptoms that make it difficult to sleep.Adjusting your sleep position, meditating, practicing sleep hygiene, and changing your mealtimes could lead to better sleep.Doctors and mental health professionals can also provide additional support. Ulcerative colitis (UC) is known for...

Asia FX Rises in Holiday Trade as China Recovery Bets Grow

Asia FX Rises
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Most Asian currencies strengthened in thin trade on Monday, while the dollar weakened further amid growing bets that the Chinese economy will bounce back this year, with focus also turning to key U.S. data due this week. Regional trading volumes were limited with most...

China Q4 GDP Slows on COVID Woes, But Beats Expectations

china q4 gdp
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The Chinese economy grew at a slower pace in the fourth quarter of 2022, data showed on Tuesday, as disruptions caused by the country’s now relaxed zero-COVID policy weighed heavily on business activity, although the reading still beat expectations. Chinese gross domestic product (GPD)...

Developing Countries Need $1 Trillion a Year in Climate Finance:

Developing countries
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Developing countries need to work with investors, rich countries and development banks to secure $1 trillion a year in external financing for climate action by the end of the decade and to match that with their own funds, a report said on Tuesday. The...

After UPI, PhonePe dominates Bharat BillPay with a 49% volume share in August

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A first, the National Payments Corporation of India released company-wise data for the month of August 2021 on the Bharat Bill Payment System (BBPS) – the platform that offers interoperable bill payment services for customer The data shows that after maintaining its lead in monthly...

Asia FX Rallies on China Reopening, Yuan at Over 4-Mth High

Asia FX
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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...

Japan Foreign Reserves Fall For Third Month After Intervention

Foreign Reserves
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Japan's foreign reserves extended declines in October, following the previous month's record drop, the Ministry of Finance said on Tuesday, reflecting the largest ever amount of yen-buying, dollar-selling interventionThe data comes alongside separate figures that confirmed Japan did not conduct stealth intervention in September...