DIRS.INFO The most relevant business & tech news

☆ Taiwan aims to shed dirty power reputation with big wind push: Maguire
▼ + stars: | 2023-09-28 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +5 min

WIND POWERED GROWTHSolar power was Taiwan's largest source of renewable energy generation in 2022, with 10.69 terawatt hours (TWh) of electricity produced, compared to 3.53 TWh from wind. In comparison, fossil fuels generated 239 TWh of Taiwan's electricity last year, Ember data shows. REGIONAL REPERCUSSIONSDespite jitters from some developers, overall progress on Taiwan's wind projects continues, and new investments in major offshore ventures were announced just this month by Japanese trading house Mitsui & Co. The continued construction of Taiwan's renewable energy capacity has repercussions for both its domestic power sector and for global fossil fuel export markets. The country's famed semiconductor industry, the world's largest, is aiding the national push for greater renewable energy generation, and has set itself a goal of being powered by 100% green energy supplies by 2040.

Persons: Thomas Peter Acquire, Gavin Maguire, Simon Cameron, Moore Organizations: REUTERS, China, Global Energy Monitor, Japan's, Mitsui, Co, Reuters, Thomson Locations: Taiwan, Pingtan, Fujian province, China, LITTLETON , Colorado, Asia, South Korea, Japan, India, Taipei, Beijing, Kpler

☆ Romance Novels Brimming With Bookish Sorts
▼ + stars: | 2023-09-28 | by ( Olivia Waite | ) www.nytimes.com time to read: +1 min

As with Dumas’s original, the central question is: What is a life truly worth? Status and power are easy metrics, but they’re incomplete — how do you redress a lost love, or broken friendships, or shattered kinship? Quynh intends to pay back violence with violence, but Hoà helps her realize that perhaps justice looks more like claiming happiness for herself instead. In A SHOT IN THE DARK (Dell, 320 pp., paperback, $17), Victoria Lee brings us back to the here and now. She works out her homecoming jitters by hooking up with a hot trans dude at a queer club — only to discover in class the next morning that he’s actually her hot trans photography professor, Wyatt Cole.

Persons: Quynh, Hoà, Victoria Lee, Ely Cohen, he’s, Wyatt Cole, Wyatt Locations: L.A, New York

☆ Morning Bid: Markets catch breath after bruising recoil
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +5 min

China's markets will also be disrupted by Golden Week holidays next week. Ten-year Treasury yields hit another 16-year high at 4.56% on Tuesday before dialling back a bit on Wednesday, with 10-year real yields hitting 14-year peaks at 2.24%. Risk spreads in junk bond and overseas sovereign bond markets are also creeping higher again, with exchange-traded U.S. junk bond funds hitting their lowest since May and Italy's government bond yield premium over Germany widening too. Worrying for many investors this week has been how bond yields have climbed despite weaker economic signals and how stock and bond losses are correlating again. World markets were more mixed, with China's bourses managing some gains ahead of the big holiday week.

Persons: Mike Dolan, Goldman Sachs, Jerome Powell's, Neel Kashkari, shakeout, Shorter, China's bourses, Michelle Bowman, Jane Merriman Organizations: Federal Reserve, Minneapolis Fed, Golden, Nasdaq, Big Tech, U.S . Federal Trade Commission, Costco, China Evergrande, HK, United, Treasury, Micron, Paychex Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Washington, Germany, United States

☆ Morning Bid: Rate jitters wear down wary markets
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +3 min

Asian markets were under pressure as the day progressed, with MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) sliding to its lowest in 10 months. Futures indicate the sombre mood is likely to continue as Europe wakes, with markets there due to open lower. Congress has shut down the government 14 times since 1981, though most of those funding gaps lasted only a day or two. Meanwhile, tech stocks are likely to be in the spotlight after a long-awaited antitrust lawsuit against Amazon.com (AMZN.O) from the U.S. Federal Trade Commission was filed on Tuesday. It also said the popular game has reached $20 billion in revenue since its 2012 launch.

Persons: Treasuries, Candy Crush, King, Ankur Banerjee, Edmund Klamann Organizations: Ankur, Treasury, Nikkei, Republicans, Congress, China Evergrande, HK, Bloomberg, Amazon.com, U.S . Federal Trade Commission, FTC, Big Tech, Microsoft, Wall Street, Reuters, Thomson Locations: U.S, Asia, Pacific, Japan, Europe, Swiss

☆ European shares slide as firmer yields, China woes weigh
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 25, 2023. REUTERS/Staff/file photo Acquire Licensing RightsSummaryCompanies STOXX 600 down 0.7%Sept 26 (Reuters) - European shares extended losses on Tuesday as elevated bond yields pressured the rate-sensitive technology sector, while weakness in China-exposed stocks persisted on slowdown jitters in the world's second-largest economy. The pan-European STOXX 600 (.STOXX) shed 0.7% by 0710 GMT, as the benchmark 10-year Bund yield hit its highest level since 2011. Technology stocks (.SX8P), whose valuations come under pressure as yields rise, slid nearly 2% to lead sectoral losses. China-exposed luxury stocks such as LVMH (LVMH.PA) and Richemont (CFR.S) weakened 1.5% and 2.5%, respectively, amid lingering concerns over the crisis-hit Chinese property sector.

Persons: Bansari Mayur, Sherry Jacob, Phillips Organizations: REUTERS, Staff, Technology, Rio Tinto, Energy Resources of Australia, Thomson Locations: Frankfurt, Germany, China, Northern Territory, Bengaluru

☆ Morning Bid: Treasury yields march on
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

Long-term Treasury yields, traditionally subdued in Asian hours, spiked to a fresh 16-year peak , keeping the dollar close to multi-month tops to G-3 rivals the euro, pound sterling and yen. Reuters GraphicsAngst over tighter financial conditions pulled down Asia Pacific stocks as well, overshadowing Wall Street's overnight rally and sounding a warning for European equities. Investor jitters were evident in the underperformance of the Hang Seng's property index (.HSMPI), down a resounding 1.9%. Moody's has upped the stakes with a stern warning that potentially puts the country's last triple-A rating on the line. It comes as the U.S. budget deficit continues to widen on higher spending and falling tax receipts.

Persons: Jonathan Ernst, Kevin Buckland, Hong, Moody's, Philip Lane, Riksbank's Per Jansson, Jacqueline Wong Organizations: . Federal, REUTERS, Reuters, Asia, Japan's Nikkei, fester, Bloomberg, U.S, Treasury, Thomson Locations: Washington, Asia Pacific

☆ Sterling hits fresh multi-month lows on dollar and euro
▼ + stars: | 2023-09-25 | by ( Alun John | ) www.reuters.com time to read: +2 min

Pound Sterling notes and change are seen inside a cash resgister in a coffee shop in Manchester, Britain, Septem,ber 21, 2018. Sterling, on Monday, dropped as much as 0.25% to $1.2213 its lowest since March 2023, though later steadied to trade flat on the day at $1.2242. The euro on Monday briefly touched 87.03 pence, its highest since May, and was last flat a touch below that level. "What we’re seeing today is the Chinese real estate worries bleeding into the European session, weighing on equity markets and then on the euro and sterling," said Nick Rees, FX market analyst at Monex Europe. "That builds on what happened last week with the Bank of England," said Rees, "Markets are now thinking about what the Bank is seeing in the economy."

Persons: Pound Sterling, ber, Phil Noble, BOE, Liz, Nick Rees, Rees, Alun John, Alex Richardson Organizations: REUTERS, Bank of, Bank of England, European Central Bank, Federal Reserve, FX, Monex, Global, China, HK, Thomson Locations: Manchester, Britain

☆ Hedge funds boost bearish bets on US equities amid market jitters
▼ + stars: | 2023-09-25 | by ( Carolina Mandl | ) www.reuters.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Sept 25 (Reuters) - Hedge funds increased their bearish bets mainly on U.S. stocks last week when the major stock indexes plunged, Goldman Sachs (GS.N) showed in a report. The bank said its clients mostly added short positions while also getting rid of long positions. Hedge funds added short positions mainly in so-called macro products, including equity index and exchanged-traded funds, the bank said. Goldman Sachs also said hedge fund managers decided to unwind risk last week, mostly by selling long equity positions.

Persons: Brendan McDermid, Goldman Sachs, Goldman, Carolina Mandl, Richard Chang Organizations: New York Stock Exchange, REUTERS, Nasdaq, The Bank of Japan, Carolina, Thomson Locations: New York City, U.S, Japan, New York

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. Rate-sensitive stocks including Tesla (TSLA.O), Meta Platforms (META.O), Amazon.com (AMZN.O), Alphabet (GOOGL.O), and Nvidia (NVDA.O) fell between 1.5% and 3.0% as the two-year and 10-year Treasury yields , scaled multi-year highs. The benchmark interest rate could be hiked one more time in 2023 to a peak range of 5.50%-5.75%, while monetary policy could stay tighter than was expected through 2024, the Fed's updated quarterly projections showed. Declining issues outnumbered advancers by a 7.06-to-1 ratio on the NYSE and by a 3.86-to-1 ratio on the Nasdaq. The S&P index recorded two new 52-week highs and 16 new lows, while the Nasdaq recorded seven new highs and 207 new lows.

Persons: Brendan McDermid, Sam Stovall, Stovall, Rupert Murdoch, Ankika Biswas, Shristi, Arun Koyyur, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, FedEx, Broadcom, Google, Dow, Nasdaq, Federal Reserve, Nvidia, Semiconductor, Marvell Technology, SOX, Wall, Research, Arm Holdings, Dow Jones, Fox Corp, News Corp, NYSE, Thomson Locations: New York City, U.S, Philadelphia, New York, Bengaluru

☆ Gold prices dip as Fed ratchets up tightening bias
▼ + stars: | 2023-09-21 | by ( ) www.cnbc.com time to read: +2 min

A worker handles an Argor-Heraeus SA one kilogram gold bar at Solar Capital Gold Zrt. Bullion on Wednesday hit its highest since Sept. 1 before the U.S. Fed revised its economic projections with higher-for-longer rate warnings. "In the aftermath of the FOMC event, there have been some market jitters given the interest rate outlook. "The precious metal will probably need to rely on some slowing momentum in Treasury yields in order to post gains of any significance to the upside." Higher interest rates discourage the buying of non-interest-paying bullion, which is priced in dollars.

Persons: Tim Waterer Organizations: Heraeus SA, Solar, U.S ., Federal Reserve, U.S, Fed, KCM Trade, NAB Commodities Research, Bank of Locations: Budapest, Hungary

☆ Wall Street moves sideways as investors look to Fed
▼ + stars: | 2023-09-18 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. Financial markets have currently baked in a 99% certainty that the Fed will hold the key rate at 5.25%-5.00% on Wednesday. British chipmaker Arm Holdings slid 4.5% after Bernstein initiated coverage with an "underperform" rating just days after its stellar debut. Declining issues outnumbered advancing ones on the NYSE by a 1.22-to-1 ratio; on Nasdaq, a 1.74-to-1 ratio favored decliners. The S&P 500 posted 6 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 37 new highs and 247 new lows.

Persons: Brendan McDermid, Bernstein, Jerome, Powell, Peter Tuz, Janet Yellen, Sam Stovall, Stovall, Piper, Stephen Culp, Ankika Biswas, Shristi, Aurora Ellis Organizations: New York Stock Exchange, REUTERS, Holdings, Dow, Nasdaq, U.S, U.S . Federal, Chase Investment, Markets, CFRA Research, Dow Jones, Energy, Tesla Inc, Corp, Arm Holdings, Paypal Holdings, NYSE, Thomson Locations: New York City, U.S, U.S ., Charlottesville , Virginia, New York, Bengaluru

☆ Analysis: Arm's stellar listing sets the stage for more SoftBank acquisitions
▼ + stars: | 2023-09-17 | by ( Anton Bridge | ) www.reuters.com time to read: +4 min

[1/2] A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. The tech investment behemoth raised nearly $5 billion from Arm's offering while retaining 90.6% of the firm. Known for debt-fuelled acquisition sprees, SoftBank founder and CEO Masayoshi Son flagged in June that the company was shifting back into "offence mode" as he highlighted the potential of artificial intelligence. That's after a year of "defence mode" when tech valuations crashed amid higher interest rates and global banking jitters. Few companies in SoftBank's investment portfolio have demonstrated commercial utility in AI, analysts said.

Persons: Dado Ruvic, behemoth, Masayoshi, Yoshimitsu Goto, SoftBank, SemiAnalysis, Kyle Stanford, There's, Amir Anvarzadeh, PitchBook's Stanford, Anton Bridge, Miyoung Kim, Edwina Gibbs Organizations: REUTERS, Rights, Arm Holdings, SoftBank, HK, Vision, Nvidia, Asymmetric Advisors, Thomson Locations: British

☆ SoftBank seeks OpenAI tie-up as Son plans deal spree after Arm IPO, Financial Times reports
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 16 (Reuters) - SoftBank (9984.T) is looking for deals in artificial intelligence (AI), including a potential investment in OpenAI, after the blockbuster listing of its Arm unit, the Financial Times reported on Saturday. Son said in June that his tech investing conglomerate planned to shift its stance to "offence mode" amid excitement over advances in AI. The Japanese tech investment company could also look to strike a broad strategic partnership with ChatGPT maker OpenAI, FT said. Son has expressed excitement about AI technology, adding he is a "heavy user" of ChatGPT, the AI-powered chatbot from Microsoft-backed (MSFT.O) startup OpenAI. SoftBank is looking at a range of alternatives to OpenAI as well, including a preliminary approach to buy Graphcore, a UK-based AI chipmaker, the report added.

Persons: Dado Ruvic, Masayoshi, Son, Sam Altman, SoftBank, Graphcore, OpenAI, Arm, Lavanya, Kanjyik Ghosh, William Mallard, Mark Potter Organizations: REUTERS, Financial Times, Microsoft, Reuters, Vision Fund, Thomson Locations: OpenAI, Bengaluru, Bangalore

☆ Sino Ocean: China property woes deepen as a big developer suspends debt payments
▼ + stars: | 2023-09-15 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —A major Chinese property company has suspended offshore debt payments, deepening turmoil in the beleaguered sector. Property sales by floor area dropped 7.1% in the January to August months, compared to the first eight months of 2022. On Thursday, Moody’s downgraded its outlook for the overall sector, citing a downturn in residential sales and continued jitters about the health of the industry. In June and July, nationwide property sales fell around 20% compared to the same period a year before, it said in a report. This reversed “the 11.9% growth for the first five months, reflecting renewed weakness in residential property,” the agency added.

Persons: Houlihan Loukey, Sidley Austin, Moody’s, — CNN’s Juliana Liu Organizations: Hong Kong CNN, Hong, National Bureau, Statistics, China SCE Group Locations: China, Hong Kong, Sino, Beijing

☆ Arm's stellar listing sets the stage for more SoftBank acquisitions
▼ + stars: | 2023-09-15 | by ( Anton Bridge | ) www.reuters.com time to read: +4 min

European stocks (.STOXX) fell as much as 0.5% in early trading, with rate-sensitive tech stocks (.SX8P) losing 0.8%. And the latest spike in oil prices to 10-month highs is unlikely to escape the Fed's attention. Fuelling worries over persistent inflation were oil prices, which firmed after hitting a 10-month peak a day earlier. ECB HIKE BETSThe euro was down 0.1% at $1.074, after nearing one-week highs on the Reuters story which was published late on Tuesday. "The leak raises the possibility of a hawkish hike which would be much more supportive for the EUR," said Steve Englander, global head of G10 FX research at Standard Chartered, referring to the Reuters report.

Persons: Androniki, Robert Alster, you'll, Steve Englander, Tom Wilson, Stella Qiu, Shri Navaratnam, Christina Fincher Organizations: Nikkei, REUTERS, Consumer, Index, Federal Reserve, Management, European Central Bank, Reuters, ECB, Nasdaq, Brent, U.S, West Texas, Markets, Standard Chartered, Thomson Locations: Tokyo, Japan, SYDNEY, Asia, Pacific, London, Sydney

☆ Asian shares slip, oil hold gains ahead of US inflation test
▼ + stars: | 2023-09-13 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

Both S&P 500 futures and Nasdaq futures were mostly unchanged. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slipped 0.3% while Tokyo's Nikkei (.N225) eased 0.1%. While core CPI is seen cooling to 4.3% year-on-year in August from 4.7%, rising energy costs are forecast to keep headline inflation elevated at 3.6%. And the latest spike in oil prices to ten-month highs is unlikely to escape the Fed's attention. On Wall Street, the S&P 500 fell 0.6% overnight, the Nasdaq declined 1% while Dow Jones was mostly flat.

Persons: Androniki, Ray Attrill, Dow Jones, Steve Englander, Stella Qiu, Shri Navaratnam Organizations: Nikkei, REUTERS, Apple, Oracle, Thursday SYDNEY, European Central Bank, Reuters, ECB, Nasdaq, Tokyo's Nikkei, Consumer, Index, Federal, Fed, National Australia Bank, Brent, U.S, West Texas, Standard Chartered, Thomson Locations: Tokyo, Japan, Europe, Asia, Pacific

The impeachment inquiry comes at a fragile political moment for the president. An impeachment inquiry would give Republicans broad new powers to request documents and testimony about the Bidens. For now, the White House views the situation from a communications standpoint rather than as a legal issue. “Kevin McCarthy, Marjorie Taylor Greene, and MAGA Republicans just launched a beyond ridiculous impeachment inquiry into President Biden,” the fundraising email reads. An element of the White House strategy is keeping him focused on his governing duties, including plans to deliver what the White House has billed as a “major economic address” in Maryland on Thursday.

Persons: Joe Biden, Kevin McCarthy’s, Biden, McCarthy, ” Biden, Biden’s, –, Hunter Biden, Devin Archer, Hunter, Republicans “ can’t, ”, Ian Sams, Sams, Kamala Harris ’, “ Kevin McCarthy, Marjorie Taylor Greene, MAGA, Donald Trump, – Trump, “ McCarthy, Trump, Kevin McCarthy, Bill Clinton, Dick Sauber, Russ Anello, Ammar Moussa, “, Kyle Herrig, it’s, Kamala Harris Organizations: CNN, GOP, Congress, White, Republicans, White House, MAGA Republicans, House Republicans, Democratic National Committee, Wednesday, Biden White, Democratic, Biden, Project, United Nations Locations: Maine, Maryland, New York

☆ Markets await U.S. inflation test, surging oil add to price jitters
▼ + stars: | 2023-09-13 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was flat while Tokyo's Nikkei (.N225) eased 0.2%. Australia's resource-heavy shares (.AXJO) lost 0.7%, Chinese blue-chips (.CSI300) were flat but Hong Kong's Hang Seng index (.HSI) moved 0.6% higher. While core CPI is seen cooling to 4.3% year-on-year in August from 4.7%, rising energy costs are forecast to keep headline inflation hot. And the latest spike in oil prices to ten-month highs is unlikely to escape the Fed's attention. Oil prices extended gains on Wednesday.

Persons: Androniki, HSI, Ray Attrill, Dow Jones, Stella Qiu, Shri Navaratnam Organizations: Nikkei, REUTERS, Apple, Oracle, Thursday SYDNEY, Reuters, European Central Bank, Consumer, Index, Federal, Fed, National Australia Bank, Brent, . West Texas, Nasdaq, ECB, U.S, Thomson Locations: Tokyo, Japan, Asia, Pacific

Giant cranes are seen at the Hanjin Shipping container terminal at Incheon New Port in Incheon, South Korea, September 7, 2016. REUTERS/Kim Hong-Ji Acquire Licensing RightsSept 13 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The real fireworks will come after Asian markets close, with the release of U.S. CPI for August. Annual core inflation is expected to ease to 4.3% from 4.7%, but headline inflation is predicted to rise to 3.6% from 3.2%. Year-on-year oil prices are now turning positive for the first time this year, something investors and policymakers could do without.

Persons: Kim Hong, Jamie McGeever, Brent, Kazuo Ueda, Josie Kao Organizations: Hanjin Shipping, Incheon New, REUTERS, U.S, CPI, Bank of Japan, Nikkei, Bank of America's, Thomson, Reuters Locations: Incheon, Incheon New Port, South Korea, Japan, China, Korea

☆ The S&P 500 looks risky and expensive - and could plunge 25% if something shocks the system, Morgan Stanley's stock chief warns
▼ + stars: | 2023-09-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The S&P 500 is priced for perfection and could plunge 25% if problems crop up, Mike Wilson says. Morgan Stanley's stock chief says the outlook for company earnings and the economy is pretty grim. The benchmark S&P 500 and tech-heavy Nasdaq Composite have rallied 17% and 33% respectively this year. He suggested a shock to the system of that kind could send the S&P 500 plummeting from nearly 4,500 points today to the low 3,000s — a drop of more than 25%. AdvertisementAdvertisementIn short, Wilson sees very limited upside and material downside to investing in the S&P 500 today.

Persons: Mike Wilson, Morgan Stanley's, Wilson, Rosenberg, Morgan, China's, Sharp, aren't Organizations: Big Tech, Service, Nasdaq, Federal Reserve, Wall, Bank of, Nvidia, Microsoft Locations: Wall, Silicon, Bank of Japan

New Delhi CNN —The African Union is to join the the Group of 20 (G20) as a permanent member, India’s prime minister Narendra Modi announced Saturday as he inaugurated a leaders’ summit in New Delhi for the world’s wealthiest nations. In his opening speech, Modi invited the chair of the African Union, Azali Assoumani, to take his seat at as a permanent member of the grouping as other leaders applauded and looked on. “Today, as the president of G20, India calls upon the world to come together to transform the global trust deficit into one of trust and reliance,” Modi said during his opening remarks. Modi has previously spoken of his intention to include the African Union in the grouping. One of the first things we did during our G20 Presidency was to hold the Voice of the Global South summit, which had enthusiastic participation from Africa.

Persons: Narendra Modi, Modi, Azali, ” Modi Organizations: New, New Delhi CNN, African Union, “, East, World Bank, International Monetary Fund, European, Press Trust of Locations: New Delhi, Ukraine, India, North, West, European Union, African, Press Trust of India, Africa

☆ Analysis: India is hosting G20 as the world is in crisis but for Modi it's also a chance to shine
▼ + stars: | 2023-09-08 | by ( Rhea Mogul | ) edition.cnn.com time to read: +9 min

Chinese leader Xi Jinping will be absent from the gathering, with Beijing giving no reason for the surprise miss – a move widely seen as a snub to India. Nevertheless, analysts say the gathering affords Modi a unique chance to shine on the world stage and flex India’s geopolitical muscle. India can act as a bridge,” said Kajari Kamal, associate professor at the Takshashila Institution in India. “For a long time, India was perceived as a nation of over 1 billion hungry stomachs,” Modi said in an interview with the Press Trust of India on Sunday. “It’s giving a great boost to infrastructure domestically, and to the world, it’s showcasing India’s culture and its rich heritage,” she added.

Persons: Narendra Modi, Modi, Modi’s statecraft, Xi Jinping, Vladimir Putin, Joe Biden, Mikhail Svetlov, ”, Kajari Kamal, ’, ” Modi, “, Kamal, It’s, Putin, Biden, Akhil Ramesh, Xi, Putin –, Michael Kugelman, it’s, Ramesh Organizations: CNN, Indian, Beijing, Kremlin, East, Takshashila, Press Trust of India, Pacific Forum, South Asia Institute, Wilson Center, Ukraine, White, Shanghai Cooperation Organization, SCO, Union, Pacific Locations: New Delhi, Ukraine, China, Russia, India, Russian, Moscow, Osaka, Japan, South, “, Australia, United States, Britain, East, Honolulu, Washington, Kremlin Moscow, Delhi

☆ Dollar to stay bright this year before fading in 2024, analysts say: Reuters poll
▼ + stars: | 2023-09-07 | by ( Sarupya Ganguly | ) www.reuters.com time to read: +3 min

Backed by a strong economy and rising U.S. Treasury yields, some of the highest among developed economies, the dollar despite bouts of weakness has stayed resilient against most major currencies. That strong performance has brought the long-held view of a weaker dollar in the short to medium term under review. A solid 81% majority of analysts, 43 of 53, who answered an additional question said the risk to their dollar outlook was to the upside, the Sept. 1-6 Reuters poll showed. Elsewhere, other Asian currencies stand to face significant friction in recouping losses for the year, according to the poll. Almost all were forecast to at best stay within a range or trade modestly higher against the dollar in coming months.

Persons: Jane Foley, Lee Hardman, pare, Sterling, Sarupya Ganguly, Sujith Pai, Devayani, Pranoy, Hari Kishan, Andrea Ricci Organizations: Treasury, . Federal, Rabobank, Argentine, Thomson Locations: BENGALURU, China, America, Brazilian

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. The S&P 500 information technology index (.SPLRCT) fell 1.9% while the Philadelphia semiconductor index (.SOX) dropped 2.8%. ET, the S&P 500 (.SPX) was down 21.95 points, or 0.49%, at 4,443.53, and the Nasdaq Composite (.IXIC) was down 176.52 points, or 1.27%, at 13,695.95. The weightage of a stock on the Dow is proportional to its share value as opposed to the market capitalization-weighted S&P 500 (.SPX.). The S&P index recorded 10 new 52-week highs and 23 new lows, while the Nasdaq recorded 16 new highs and 212 new lows.

Persons: Brendan McDermid, stoked, Rick Meckler, Alibaba, Patrick Harker, John Williams, Dow Jones, Wells, Shristi Achar, Johann M, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Apple, Bloomberg, Nvidia, Netflix, U.S, Cherry Lane Investments, Skyworks, Qualcomm, Labor Department, Traders, PDD Holdings, Baidu, Philadelphia Fed, New York Fed, NYSE, Thomson Locations: New York City, U.S, China, Wells Fargo, Philadelphia, McDonald's, Bengaluru

Search resuls for: "jitters"

25 mentions found