Marketmind: Markets await US banks’ take on credit squeeze
A look at the day ahead in European and global markets from Wayne Cole. It’s been a quiet start to…
Business
Westpac ditches cost-cutting target, says profit margins to thin
By Byron Kaye and Roushni Nair (Reuters) -Australia’s Westpac Banking Corp on Monday threw out a cost-cutting target citing inflation…
Japan’s service activity grows at record pace in April – PMI
TOKYO – Japan’s services activity grew at a record pace in April, a private-sector survey showed on Monday, helped by…
Australia business activity robust in April, cost pressures still a challenge
SYDNEY (Reuters) – Australian business conditions remained sturdy in April, supported by robust sales and labour market strength despite high…
Bank of Japan debated risk of inflation overshoot in March
By Leika Kihara TOKYO (Reuters) – Several Bank of Japan (BOJ) board members said the central bank must be vigilant…
Marketmind: Following Friday’s feel-good factor
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are…
Binance resumes Bitcoin withdrawals after temporary closure
(Reuters) – Crypto exchange Binance said that it has resumed Bitcoin withdrawals after a brief closure due to a congestion…
Bank buyers expect sweeteners as US government sets new bar
By Saeed Azhar, David French and Tatiana Bautzer NEW YORK (Reuters) -The government-brokered purchases of First Republic, Signature and Silicon…
Saudi Arabia economy grew 3.9% in Q1 boosted by non-oil activities
DUBAI (Reuters) -Saudi Arabia’s economy grew by 3.9% year-on-year in the first quarter of 2023, according to initial government estimates…
China forex reserves rise to $3.205 trln in April
BEIJING (Reuters) – China’s foreign exchange reserves rose more than expected in April, official data showed on Sunday, as the…