By Wayne Cole SYDNEY (Reuters) -Australian inflation eased from 33-year highs in the first quarter as the cost of living saw the smallest rise in more than a year, while core inflation dipped below forecasts suggesting less pressure for another hike in interest rates. Investors reacted by lengthening the odds on the Reserve Bank of…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. An unholy trinity of U.S. developments on Tuesday – poor corporate earnings, a bank’s value going up in smoke and slumping consumer confidence – will likely set an extremely gloomy tone for Asian markets on Wednesday. This will…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The safe-haven dollar and yen rose on Tuesday as market sentiment turned risk-averse amid renewed worries about the banking sector and the outlook for the global economy, which knocked the euro off a nearly 10-month high. The U.S. dollar index climbed 0.6% to 101.83, having dropped more than…
By Nick Carey LONDON (Reuters) -Chile’s move to nationalise its lithium industry adds fresh supply chain uncertainty for global carmakers facing a shortage of electric vehicle (EV) battery materials and could provide fresh urgency to find new sources of the metal. Chilean President Gabriel Boric announced plans last Thursday to create a new state-owned company…
By Stephen Culp NEW YORK (Reuters) – Wall Street shuffled to a mixed close on Monday, with interest rate-sensitive momentum shares weighing on the Nasdaq and U.S. Treasury yields dipping as investors braced for a week of high-profile quarterly earnings and closely watched economic data. The benchmark S&P 500 and the Dow ended the session…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell to a more than one-week low against major currencies on Monday in generally thin trading, as investors continued to price in interest rate cuts this year by the Federal Reserve after a widely expected rate increase at next week’s policy meeting. The Japanese currency, on…
By Nina Chestney and Susanna Twidale LONDON (Reuters) – After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. But it’s unlikely to be all plain sailing. Rising costs and supply chain bottlenecks have hit…
By Clyde Russell LAUNCESTON, Australia (Reuters) -The spot price of iron ore tumbled to a four-month low as Beijing once again talked down the key steel raw material, but as usual the question is whether the intervention will lead to sustained lower prices. The spot price for benchmark 62% iron ore for delivery to north…
By Ernest Scheyder SANTIAGO (Reuters) -Chilean President Gabriel Boric’s plan to nationalize his country’s immense lithium industry is putting the spotlight on an emerging crop of filtration technologies aimed at revolutionizing how the metal is produced for the electric vehicle industry. In a national prime time address, Boric said last Thursday a new state-owned company…
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks declined for a third straight day on Friday as investors weighed the latest round of corporate earnings results, while longer-dated U.S. yields were higher after a gauge of business activity climbed. On Wall Street, the S&P 500 closed slightly higher, with the consumer…
