West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.40 during the early European trading hours on Thursday. WTI falls after President Donald Trump's Republican Party lost control of Congress…
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD rallied to 1.1272 before closing at 1.1227 as the US Dollar (USD) weakened on lower US yields. They see the pair in a short-term range b…
USD/CHF extends its losses for the second consecutive day, trading around 0.8140 during Asian hours on Thursday. The pair depreciates as the US Dollar declines following a Democratic sweep in the US midterm elections, w…
David Jones, Australia's oldest department store chain, has gone into voluntary administration, putting thousands of jobs at risk.
Elon Musk set a record for election spending this year after pouring nearly half a billion dollars into backing Republicans in the US midterm elections . It turned out to be a poor investment.
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Nov 4 (Reuters) - Online travel firm Expedia Group forecast fourth-quarter revenue largely below Wall Street expectations, as the industry struggles with the Middle East conflict and unrest in Europe, sending its shares…
Policymakers at the Bank of England are expected to raise interest rates on Thursday in what would be the first increase to the benchmark rate for more than three years.
UOB economist Ho Woei Chen reports that Hong Kong’s Gross Domestic Product (GDP) growth accelerated sharply in 3Q26, driven by strong goods exports and investment. Chen highlights support from the semiconductors and AI …
The pound has risen to its highest overall level since the Brexit referendum over a decade ago.
Lindblad Expeditions Holdings Inc. (NASDAQ: LIND) is a global expedition travel company focused on expedition cruises and adventure travel experiences. The company describes itself as a provider of immersive, educationa…
Scotiabank’s FX strategists note the Pound rising about 0.4% intraday against the US Dollar, with UK PMI revisions having little impact. Market focus shifts to the Bank of England decision, where a 25bp hike is largely …
Kellogg's has told the BBC the "snap, crackle and pop" sound made by its Rice Krispies may be noticeably quieter after an uproar over the cereal giant's recipe change.
Commerzbank analysts note Singapore’s October manufacturing PMI eased slightly but stayed in expansion for a 15th month, with electronics supported by AI-related demand. They argue this points to resilient Q4 manufactur…
The Democratic blue sweep in the US midterm elections weighed on the US Dollar and boosted the Australian Dollar, which has bounced from a 12-day low of 0.6954 and reclaimed 0.7000, gaining over 0.59% at the time of wri…
MUFG highlights that South Korea’s inflation data show easing headline Consumer Price Index (CPI) but sticky core inflation at 2.8% year-on-year, above consensus. Combined with strong growth and a semiconductor export b…
The Mexican Peso rallies against the US Dollar following the Democratic blue sweep in the US midterm elections, with Democrats set to control the US Senate and the House of Representatives starting in January 2027. Desp…
MUFG notes that the People's Bank of China (PBoC) raised the FX reserve requirement ratio to 6% from 4% after USD/CNY moved toward 6.65, effective 15 November. The measure is seen as locking up about USD24 billion in FX…
On Wednesday, Emmanuel Moulin, the Governor of the Banque de France and a Governing Council member of the European Central Bank (ECB), said that “banks can deal with rising rates.”
For the first time since the U.S. overtook Great Britain in the 1870s to become the leading economy in the world, the U.S. now faces an economic rival that is as large, and by some measures, larger than it is.
The Securities and Exchange Commission today adopted amendments to the rules that define which registered investment companies, investment advisers, and business development companies qualify as small entities for purpo…
Commerzbank’s Dr. Vincent Stamer notes that Euro area headline inflation rose to 4.0% in October, its highest level in three years, with the core rate steady at 2.5%. The report highlights broad-based price increases be…
In the chair’s absence, the meeting was chaired by the Bank’s Head of Payment Delivery, who noted this was the second RTGS CHAPS industry forum. Minutes of the June meeting had been published.
NZD/USD rebounds on Wednesday, trading around 0.5620, up 0.19% on the day at the time of writing. The New Zealand Dollar (NZD) benefits from a broad weakening of the US Dollar (USD) following the US midterm elections, a…