Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
HSBC CEO Quinn says Chinese businesses stepping up offshore diversification
By Scott Murdoch (Reuters) - HSBC Group Chief Executive Noel Quinn said on Wednesday the bank had seen a 70% lift in business from its Chinese clients looking to diversify their business models outsid...
Nov 07, 2023
Taiwan central bank says will adopt appropriate monetary policies
TAIPEI (Reuters) - Taiwan's central bank said on Wednesday that it would review the domestic and foreign economic and financial situations and adopt appropriate monetary policies to promote price stab...
Nov 07, 2023
US yields languish above lows before Powell remarks; oil sags
By Kevin Buckland TOKYO (Reuters) - Treasury yields and the dollar hovered above multi-week lows on Wednesday as markets grappled with the possibility of another U.S. interest rate hike while waiting ...
Nov 07, 2023
Indian rupee to trade near record lows despite surging growth
By Milounee Purohit and Anant Chandak BENGALURU (Reuters) - The Indian rupee will trade near record lows against the dollar over the coming months, according to a Reuters poll of FX strategists who al...
Nov 07, 2023
South Korea to allow foreign firms trade USD/KRW onshore, extend trading hours from July
SEOUL (Reuters) - South Korea's foreign exchange authority on Wednesday said it will open its currency market to global traders and extend trading hours, and that it will adopt rules to ensure reform ...
Nov 07, 2023
BOJ’s Ueda sees volatile currency moves as cost of bond yield control
By Leika Kihara TOKYO (Reuters) - Bank of Japan Governor Kazuo Ueda said on Wednesday volatile currency moves were among the side effects the central bank was scrutinising in maintaining its bond yiel...
Nov 07, 2023
Australia’s Westpac dumps PwC as auditor after 55 years
By Lewis Jackson SYDNEY (Reuters) - Westpac Group, Australia's fourth-largest bank by market capitalisation, on Wednesday cut ties with scandal-tainted auditor PricewaterhouseCoopers (PwC) Australia, ...
Nov 07, 2023
Oil prices fall to over 3-month low on signs of higher supply
By Stephanie Kelly (Reuters) - Oil prices fell on Wednesday to their lowest in over three months, after industry data showed a steep build in U.S. crude supplies, while mixed Chinese economic data rai...
Nov 07, 2023
Emerging market currencies to claw back ground in 2024 as dollar fades: Reuters poll
By Devayani Sathyan and Vuyani Ndaba BENGALURU/JOHANNESBURG (Reuters) - Emerging market currencies will take well into next year to start making noticeable gains against a retreating U.S. dollar, desp...
Nov 07, 2023
Dollar licks its wounds ahead of Fed Chair Powell’s remarks
By Rae Wee SINGAPORE (Reuters) - The dollar regained its footing on Wednesday and inched higher after a slew of Federal Reserve speakers left the door open to further rate hikes, as traders looked to ...
Nov 07, 2023
