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Apple CEO Praises China’s innovation, Long History of Cooperation on Beijing Visit

Apple (NASDAQ:AAPL) CEO Tim Cook on Saturday used his first public remarks on his visit to China to praise the country for its rapid innovation and its long ties with the U.S. iPhone maker, according to local media reports. Apple CEO Tim Cook on Saturday used his first public remarks in China in recent years to praise the country for its rapid innovation and its long ties with the U.S. iPhone maker, according to local ...
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Financial Turbulence Widens Door to Private Equity in Fast-Growing Aerospace Sector

Financial sector headwinds are creating fresh openings for private equity investments in aerospace, as suppliers' need for capital to meet soaring demand for planes and parts risks further turbulence, executives said. Demand from aircraft manufacturing giants has soared on the back of surging global air travel following a pandemic-induced slump. Some of their suppliers rely on midsized banks for capital, and the collapse of Silicon Valley Bank and shocks to banks like First Republic Bank ...
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Chinese Tech Stocks Rise, Tencent Surges On Strong FY Results

Major Chinese technology stocks rose on Thursday, with shares of Tencent up sharply after the internet giant logged stronger-than-expected annual earnings, while less hawkish signals from the Federal Reserve also aided sentiment. Tencent Holdings Ltd (HK:0700) rose over 6% to HK$368.40 a share, and was set for its best day since early-March, as easing COVID lockdowns in China and a less strict regulatory environment helped profit fall less than feared in 2022. The world’s largest ...
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Chinese Tech Stocks Rise, Tencent Surges On Strong FY Results

Major Chinese technology stocks rose on Thursday, with shares of Tencent up sharply after the internet giant logged stronger-than-expected annual earnings, while less hawkish signals from the Federal Reserve also aided sentiment. Tencent Holdings Ltd (HK:0700) rose over 6% to HK$368.40 a share, and was set for its best day since early-March, as easing COVID lockdowns in China and a less strict regulatory environment helped profit fall less than feared in 2022. The world’s largest ...
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Asia FX Surges, Dollar Sinks on Fed’s ‘Dovish Hike’

Most Asian currencies rose sharply on Thursday, while the dollar fell to a seven-week low after the Federal Reserve raised interest rates but hinted at a potential pause in its tightening cycle, although rates are likely to remain higher for longer. China’s yuan surged 0.7%, while the South Korean won was the best performer for the day with a 1.3% bounce. The Indian rupee rose 0.4%, while the Japanese yen jumped 0.5%, with focus also ...
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Dollar Subdued Ahead of Fed Decision; Sterling Rise on CPI jump

The U.S. dollar traded near five-week lows in early European trade Wednesday ahead of the latest Federal Reserve interest rate decision, while surprisingly strong U.K. inflation data lifted the pound. At 03:55 ET (07:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 102.825, just above a new five-week low hit earlier in the session. The recovery in risk sentiment as the week has progressed ...
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European Stock Futures Mixed; U.K. Inflation Climbs Ahead of Fed Rate Decision

European stock markets are expected to trade in a mixed fashion at the open Wednesday as investors digest U.K. inflation data and nervously await the latest Federal Reserve decision on interest rates. At 03:00 ET (07:00 GMT), the DAX futures contract in Germany traded 0.2% higher, the FTSE 100 futures contract in the U.K. rose 0.1%, while CAC 40 futures in France dropped 0.2%. Sentiment has improved in equity markets across the globe, with U.S ...
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Gold Prices Muted Ahead of Fed Meeting as Safe Haven Appeal Wanes

Gold prices moved in a tight range on Wednesday, stabilizing after a sharp drop in the prior session as markets hunkered down ahead of a Federal Reserve interest rate decision, while easing fears of a banking crisis spelled lesser safe haven demand for the yellow metal. Bullion prices were nursing sharp losses from the prior session, as government intervention helped calm fears over a looming crisis in the U.S. and European banking system. This in ...
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Asia FX Dips, Dollar Steadies As Fed Meeting Looms

Most Asian currencies retreated on Tuesday, while the dollar firmed slightly as markets hunkered down ahead of a Federal Reserve interest rate decision this week, while lingering fears of a banking crisis also weighed on sentiment. The South Korean won was the worst performer for the day, down 0.6% as soft inflation and trade data gave the Bank of Korea more impetus to keep interest rates on hold. China’s yuan fell 0.1%, while the Thai ...
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Gold Prices Face Resistance At $2,000 As Fed Meeting Looms

Gold prices were muted in early Asian trade on Tuesday after touching key highs in the prior session as markets locked in some profits ahead of an upcoming Federal Reserve interest rate decision, while caution over a potential banking crisis kept safe haven demand strong. The yellow metal rallied sharply over the past week as growing fears of a U.S. and European banking collapse spurred heavy flows into traditional safe haven assets, while bets that ...
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