Bank of England cuts rates by 0.25% amid Labour’s budget impact
The Bank of England reduced interest rates by 25 basis points on Thursday, even as Labour’s expansive budget announcement complicates…
Why ON Semiconductor is a strong buy despite recent market challenges
ON Semiconductor, the $31 billion chip manufacturer based in Scottsdale, Arizona, has faced significant challenges lately. Despite the broader market…
EU climate agency predicts 2024 will be the world’s warmest year on record
The year 2024 is “virtually certain” to become the world’s warmest since records began, the European Union’s Copernicus Climate Change…
Mexico’s inflation exceeds market expectations as restaurant, hotel, and food costs surge
Mexico’s inflation rate surged to 4.76% in October 2024, a significant rise from the previous month’s 4.58%, marking a reversal…
Dow, S&P, Nasdaq hit record highs ahead of Fed decision; Lyft surges 28%, DJT gives up gains
US equity benchmarks rose slightly on Thursday ahead of the outcome of the US Federal Reserve’s policy meeting later in…
Euro slump to continue as Trump victory, likely ‘red wave’ to add steel to dollar
Investing.com — The euro suffered a meltdown against the dollar on Wednesday as Donald Trump’s decisive election victory and the…
Asia FX nurses losses as Trump victory puts dollar at 4-mth peak; Fed awaited
Investing.com– Most Asian currencies steadied from recent losses on Thursday, while the dollar hovered around four-month highs after a Donald…
Trump’s US election win prompts calls for Indian firms to be cautious on forex risks
By Nimesh Vora and Jaspreet Kalra MUMBAI (Reuters) – The period of low volatility that the Indian rupee has enjoyed…
Dollar gives up a bit of post-election surge; central bank decisions awaited
By Brigid Riley TOKYO (Reuters) -The dollar edged lower on Thursday after hitting a four-month high following Republican Donald Trump’s…
Politics can still shock the dollar: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -Politics is often a major driver of exchange rates in emerging economies where elections,…