Gold prices are on track for a monthly loss of 12% despite persistent geopolitical uncertainties, as traders expect the Federal Reserve to hike interest rates this year. According to the CME FedWatch tool, traders expect three Federal Reserve rate hikes this year and are currently pricing in more t…
Markets likely now see the 163-165 yen range as the next key technical and psychological target for the dollar, says Masahiko Loo at State Street Investment Management in an email. This range is where "both positioning and policy risk become more acute," the senior fixed-income strategist says. "In…
J Sainsbury reports very decent first-quarter sales against tough multiyear comparisons, Shore Capital analyst Clive Black writes. Performance in its core grocery unit were particularly good, he adds. As expected the British grocer backs its full-year guidance but the bottom end of its underlying o…
By Don Nico ForbesFrench inflation eased more than expected in June, suggesting price pressures are beginning to soften amid falling energy costs due to easing tensions between the U.S. and Iran.Consumer price growth slowed to 2.0% on year from 2.8% in May, according to EU-harmonized data published…
Nidec: Have Received Approval of Filing Deadline Extension
Nidec Corp.: To Submit Annual Securities Report for FY Ended March by Sept. 30
The dollar rises slightly as the Supreme Court's decision Monday to block President Trump's bid to fire Federal Reserve governor Lisa Cook reduce risks to the central bank's independence. Justices said the Trump administration hadn't provided Cook sufficient due process for her to contest her remov…
Iwatani's earnings are likely to benefit from higher prices of liquefied petroleum gas in the near term, Jefferies says in a note. Tensions in the Middle East are providing a tailwind for LPG prices, the U.S. bank says. Lower helium output from the Middle East is also a positive for the company as…
Oil prices fall as investors weigh the prospect of a U.S.-Iran summit in Qatar after days of back-and-forth fighting around the Strait of Hormuz. In early European trading, Brent crude falls 1% to $73.20 a barrel, while WTI futures are down 1.2% to $69.91 a barrel. Although crude prices have return…
Osotspa likely faces some headwinds, TTB Wealth Securities' Nuttapop Prasitsuksant says in a research report. The brokerage sees limited growth potential for the Thai beverage maker's domestic energy drinks owing to market saturation. While the company's pivot to functional drinks has been successf…
By Stuart CondieSYDNEY--Australia's consumer watchdog is suing Amazon.com, alleging that the U.S. retailer relied on unfair contract terms to introduce advertising to more than 850,000 local streaming customers.The Australian Competition and Consumer Commission on Tuesday filed a case in the countr…
By Takayasu Kitagawa / Yomiuri Shimbun Staff WriterMajor Japanese home builder Daiwa House Industry Co. plans to increase its corporate value through growth investment aimed at capturing rising demand for AI, according to Chairman and CEO Keiichi Yoshii."In Japan, AI-related stocks are driving up s…
The upcoming Bank of Japan tankan survey could indicate a further upward shift in corporate inflation expectations, says Mizuho Securities economist Ryosuke Katagi. Given that oil prices have been high since the previous March survey, companies could raise their price outlooks in the June report, h…
Kospi Snaps Two-Session Losing Streak; Chip Stocks Rebound
By Amanda LeeSingapore households' energy costs are set to rise, which could damp consumer spending and weigh on economic growth.Like many countries in the region, Singapore relies heavily on energy imports from the Middle East. "Natural gas prices had increased sharply from the end of February and…
South Korea's Kospi Ends 1.0% Higher at 8476.48
Raiffeisen: Acceptance Period for the Offer Ends July 22
Raiffeisen: No Declarations of Withdrawal Due to Rival Bid Received as of Monday
Nikkei Stock Average Closes 0.9% Higher at 70062.32, Led by Electronics Stocks
Raiffeisen Says Acceptances for Addiko Offer Stood at 50.72% as of Monday
