Author: IA PressRoom

3/3 © Reuters. FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao/File Photo 2/3 By Rae Wee SINGAPORE (Reuters) – The dollar was firm on Monday as economic resilience in the United States raised market expectations for further rate hikes by the Federal Reserve, while news that a debt ceiling deal had been finalised sparked some risk-on sentiment. The greenback notched a fresh six-month high of 140.91 yen in early Asia trade and was headed for a monthly gain of more than 3% against the Japanese currency. The yen’s renewed…

© Reuters. FILE PHOTO: A man walks under an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato By Kevin Buckland TOKYO (Reuters) -Japan’s share average rose on Monday to its highest level since July 1990, buoyed by optimism over a U.S. debt ceiling deal and a weaker yen. Shares of Japanese chip-related companies continued to outperform after AI euphoria lifted Wall Street peers. The Nikkei jumped as high as 31,560.43 within the first 10 minutes of trading, although gains mitigated over the course of the session to see…

© Reuters. Investing.com– Oil prices rose in Asian trade on Monday as U.S. lawmakers said they had reached a provisional agreement to raise the debt ceiling, with focus now turning to key Chinese data this week for cues on the world’s largest oil importer.  Top Democrat and Republican lawmakers said over the weekend that they had reached a tentative budget agreement to avert a potential debt default, which could have dire consequences for the global economy.  The deal is now set to face a vote in Congress before it is passed into law. But some members of the house expressed…

 In the volatile world of cryptocurrency, Pepe has experienced a significant decline of 15% over the past seven days. As investors seek alternative options, a new frontrunner has emerged in the form of Wall Street Memes. With its innovative approach and potential for substantial gains, Wall Street Memes is capturing the attention of smart money investors, positioning itself as a top contender for the year 2023. Let’s explore the factors behind Pepe’s downturn and the reasons why Wall Street Memes is gaining traction as the new top gainer in the cryptocurrency market.Pepe Price Prediction as PEPE Falls 15% In 7 Days The current trading…

CNN  —  After several weeks of tense negotiations, President Joe Biden and House Republicans have reached an agreement in principle to address the debt limit and cap spending. The drama is by no means over. Congressional leaders in both parties have to convince enough of their members to vote for the agreement, which contains provisions that lawmakers on each side of the aisle don’t support. The bill text was released on Sunday evening, and both parties are trying to cast the provisions as favorable for their side. Tapper asks Democratic lawmaker if White House should worry about Progressive Caucus. Hear…

The Chinese yuan is one of the top contenders challenging the USD’s dominance as a reserve currency. However, Beijing may not be fully supportive of making the yuan the reserve currency of choice. Key challenges include Beijing’s unwillingness to open its capital accounts or to run a deficit. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A debate over de-dollarization has raged on for the past year, fanned by fears that Washington’s weaponizing the US dollar-denominated global financial system against Russia over the Ukraine…

Shares of real estate services companies were knocked lower Wednesday after surprisingly strong inflation data sent Treasury yields climbing. A big jump in longer-term Treasury yields this year has weighed heavily on the housing market, as they reduce affordability by boosting mortgage lending rates. Shares of Redfin Corp. RDFN, -2.93% slumped 4.6%, Zillow Group Inc. Z, -0.75% ZG, -0.74% dropped 4.0%, Anywhere Real Estate Inc. HOUS, -0.17% shed 2.9% and RE/MAX Holdings Inc. RMAX, +0.70% lost 2.3%. Meanwhile, the yield on the 10-year Treasury note TMUBMUSD10Y, 3.806% rose 7.6 basis points (0.076 percentage points) to 3.034%. Meanwhile, the S&P 500…

On the eve of last month’s launch of miHoYo’s latest online game, Honkai: Star Rail, employees at the Chinese gaming company worked late into the night. “Everyone was rushing to launch the product. The company has thrown a lot of resources at Honkai. It’s clear the intention is to make it at least as big as Genshin Impact and to make it the main title of the company,” said one employee drafted in to work on Honkai’s release. A space-travel anime game, Honkai: Star Rail is miHoYo’s second new title since the breakout success of Genshin Impact. How it performs will determine whether the Shanghai…

© Reuters. FILE PHOTO: A security fence surrounds the U.S. Capitol building ahead of the president’s State of the Union address and concern over possible protests in Washington, U.S., February 28, 2022. REUTERS/Leah Millis By Laura Matthews and Chibuike Oguh (Reuters) – Global investors are gaming out how a tentative deal to raise the United States debt ceiling could ripple through markets, as lawmakers strive to pass the agreement through Congress before a June 5 deadline. A deal to lift the $31.4 trillion debt limit announced by the White House and House Republicans late Saturday would avert a catastrophic U.S.…

© Reuters. FILE PHOTO: A K9 howitzer, delivered in the first batch of arms from South Korea under contracts signed in recent months, fires during a military drill at a military range in Wierzbiny near Orzysz, Poland, March 30, 2023. REUTERS/Kacper Pempel/File Photo By Joyce Lee and Josh Smith SEOUL (Reuters) – South Korea is using a $13.7 billion arms deal with Poland – Seoul’s biggest ever – to lay the groundwork for a military-industrial juggernaut that the two nations’ defence companies hope will feed Europe’s hunger for weapons far into the future. South Korea’s arms sales jumped to more…