
Japanese Companies Surge Ahead in Global Race for Dollar Bonds Amid Policy Divergence
Oct 02, 2024 22:22 pm UTC| Economy
Japanese companies are leading a sharp increase in dollar bond issuance, with $32.6 billion raised so far, this fiscal year. Amid divergent monetary policies between the U.S. and Japan, businesses are tapping into the U.S....

Fed to Maintain Gradual Rate Cuts Amid Economic Strength, Powell Confirms No Rush to Lower Rates
Oct 02, 2024 07:41 am UTC| Economy
Federal Reserve Chair Jerome Powell confirmed that the central bank will continue with gradual quarter-percentage-point rate cuts, following the recent economic improvements. Speaking at a business economics conference,...

Asia’s Factory Activity Slows Amid Global Uncertainty, Focus Shifts to China’s Economic Stimulus
Oct 02, 2024 07:07 am UTC| Economy
Asias factory activity weakened in September as Chinese demand faltered and global economic uncertainty persisted. Private surveys reveal that manufacturing across the region faces headwinds, prompting policymakers to rely...

U.S. Dockworkers Strike Halts Shipping Across East and Gulf Coasts
Oct 02, 2024 05:37 am UTC| Economy
Dockworkers along the U.S. East Coast and Gulf Coast initiated their first large-scale strike in nearly five decades on Tuesday, halting operations across 36 ports and disrupting approximately half of the nations ocean...

Dollar Gains Amid Middle East Tensions and Strong U.S. Economic Data
Oct 02, 2024 05:32 am UTC| Economy
The U.S. dollar held onto its sharpest gain in a week on Wednesday, driven by safe-haven buying after an Iranian missile attack on Israel, heightening concerns of a wider conflict in the Middle East. Euro, Yen, and...

Asia Stocks Tumble Amid Iran-Israel Tensions; Oil Prices Surge
Oct 02, 2024 05:28 am UTC| Economy
Asias stock markets dropped sharply Wednesday, following Wall Streets sell-off, as Irans ballistic missile strike on Israel stoked fears of a broader regional conflict. Crude oil prices surged amid concerns of supply...

Barclays Warns of Potential Big Tech Earnings Slowdown Amid High Capex
Oct 02, 2024 05:17 am UTC| Economy
The increasing capital expenditures (capex) among Big Tech firms could indicate a potential slowdown in earnings growth, Barclays strategists warned in a Tuesday note. The sector is experiencing its highest capex-to-sales...