Tag: adventure

China's factory activity grew at a slower pace in January as staffing levels fell and trade uncertainties increased. The Caixin/S&P Global manufacturing PMI fell to 50.1 from 50.5, indicating a slowdown but still above the 50 mark that separates growth from contraction. The survey also showed that new export orders declined for a second straight month, while average selling prices fell at the fastest pace since July 2023. Manufacturers reported improved domestic demand, but rising uncertainty in international policies could worsen China's export environment and pose significant challenges for the economy.

Published on: February 03, 2025, 05:02 AM UTC

Southwest Airlines shares fell 5% this week on higher costs costs, while Boeing rose 4.11% as production ramps up. Despite cost headwinds, Southwest remains optimistic about its turnaround plan, aided by confidence in Boeing's recovery.

Published on: February 03, 2025, 05:02 AM UTC

Gold falls on tariffs as soaring dollar hurts haven demand.

Published on: February 03, 2025, 05:01 AM UTC

The Indian rupee is expected to weaken further against the dollar as the Reserve Bank of India considers interest rate cuts. The rupee has been Asia's second worst-performing currency this year, falling nearly 3% since new governor Sanjay Malhotra signaled a willingness to allow it to move more freely. Analysts expect the RBI to cut rates by 25 basis points on Friday, adding to pressure on the currency.

Published on: February 03, 2025, 05:00 AM UTC

Japan's manufacturing sector struggles with declining factory activity, falling new orders, and sluggish demand, reaching a 10-month low and two-year low in business confidence.

Published on: February 03, 2025, 04:02 AM UTC

Hong Kong-listed Chinese stocks fell after the US imposed a 10% levy on China. Despite initial losses, the decline eased to 1% as trading resumed after the Lunar New Year holiday.

Published on: February 03, 2025, 04:01 AM UTC

Despite new tariffs imposed by President Trump, the Japanese yen remains resilient against the US dollar, demonstrating its value as a safe haven during times of uncertainty.

Published on: February 03, 2025, 04:00 AM UTC

JPMorgan set to deliver $4 billion in gold against futures contracts in New York amidst soaring prices and potential import tariffs. The delivery follows fears of tariffs and price disparities between Comex and spot prices, creating arbitrage opportunities.

Published on: February 03, 2025, 03:01 AM UTC

Japan's factory activity dropped to a 10-month low in January as sluggish demand and low business confidence weighed on the manufacturing sector. The PMI fell to 48.7, below the 50 mark indicating contraction for seven months. New orders declined for the 20th consecutive month, while inflation remained high, impacting manufacturers.

Published on: February 03, 2025, 01:00 AM UTC

Samsung heir Jay Y. Lee faces an appeals court ruling on a $8 billion merger that prosecutors say was designed to boost his control over Samsung.

Published on: February 03, 2025, 12:00 AM UTC