By Winni Zhou, Brenda Goh and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) -China’s yuan has skidded to six-month lows against the dollar and analysts say it could weaken further as investors fret[...]
Read more
June 4, 2023
Marketmind: Teed up for a bullish start to the week
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are set for a strong start on Monday, extending last week’s upward momentum and ri[...]
Read more
McCarthy lauds U.S. debt ceiling deal, House conservatives divided
By David Lawder WASHINGTON (Reuters) – U.S. House of Representatives Speaker Kevin McCarthy on Sunday lauded the debt ceiling deal he negotiated with Democratic President Joe Biden, but a promin[...]
Read more
Surging US megacap stocks leave some wondering when to cash out
By Lewis Krauskopf NEW YORK (Reuters) -As the U.S. stock market continues its climb, investors holding shares of the massive tech and growth companies leading the charge are debating whether to cash o[...]
Read more
Turkish economy to return to ‘rational ground’, new finance minister says
By Nevzat Devranoglu ANKARA (Reuters) -Turkey’s newly appointed Finance Minister Mehmet Simsek said on Sunday that the country has no choice but to return to “rational ground” to ens[...]
Read more
Goldman Sachs sees Turkish lira slip to 28.00 versus dollar in 12 months
LONDON (Reuters) – Goldman Sachs revised its Turkish lira forecast in the wake of President Tayyip Erdogan’t cabinet revamp, saying it now expected the currency to weaken to 28 to the doll[...]
Read more