Dollar struggles at 6-week lows vs yen as markets ramp up recession bets

The U.S. dollar sank to its lowest in more than six weeks versus the Japanese yen on Monday as investors ramped up bets that aggressive Federal Reserve monetary policy would tip the economy into a recession.

newspaper

01-08-2022

Dollar sinks to 6-week low to yen on bets for less aggressive Fed

The dollar sank to a fresh six-week low to the yen on Monday as markets continued to wager that the Federal Reserve has less tightening to do with the U.S. economy at risk of recession.

newspaper

01-08-2022

Dollar wallows near 3-week low on bets for less aggressive Fed

The dollar hung near a three-week low to major peers on Monday as markets continued to wager that the Federal Reserve has less tightening to do with the U.S. economy at risk of recession.

newspaper

01-08-2022

Chinese developer Evergrande's unit ordered to pay out $1.1 billion

Struggling developer China Evergrande Group said on Sunday that one of its subsidiaries, Evergrande Group (Nanchang) Co, Ltd, had been ordered to pay a guarantor 7.3 billion yuan ($1.08 billion) for failing to honour its debt obligations.

newspaper

31-07-2022

Indonesia blocks Yahoo, Paypal, gaming websites over licence breaches

Indonesia has blocked search engine website Yahoo, payments firm Paypal and several gaming websites due to failure to comply with licensing rules, an official said on Saturday, sparking a backlash in social media.

newspaper

30-07-2022

U.S. approves Boeing inspection, rework plan to resume 787 deliveries

The U.S. Federal Aviation Administration (FAA) on Friday approved Boeing's inspection and modification plan to resume deliveries of 787 Dreamliners, two sources briefed on the matter told Reuters.

newspaper

30-07-2022