Safe-haven dollar bounces, Aussie slides as Snapchat sours mood

The safe-haven dollar clawed back some of its overnight losses on Tuesday and the yen also strengthened as U.S. stock futures sank following a profit warning from Snapchat, souring the mood after Wall Street's strong start to the week.

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24-05-2022

Toyota to cut global production plan by 100,000 in June

Toyota Motor Corp will cut its global production plan by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage, it said on Tuesday.

newspaper

24-05-2022

Oil prices ease on concerns over recession, weaker consumption

Oil prices eased in early trade on Tuesday as concerns over a possible recession and weaker consumption outweighed an expectation of tight global supply and a pick-up in fuel demand in China after Beijing's promises of stimulus.

newspaper

24-05-2022

Fed policymakers back two more big rate hikes, but then what?

ATLANTA/ SAN FRANCISCO (Reuters) -U.S. central bankers broadly back two more big interest rate hikes in June and July, but what happens after is a matter of intense internal debate that turns in large part on differing views of how price pressures will play out in months ahead.

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24-05-2022

Snap says economy deteriorated fast, slashes forecast, stock plummets

(Reuters) -Snap Inc said the economy had worsened faster than expected in the last month and the social media company slashed its quarterly forecast, triggering an after-hours sell-off.

newspaper

24-05-2022

Toyota to cut global production by 100,000 in June

Toyota Motor Corp will cut its global production plan by about 100,000 to roughly 850,000 in June due to the semiconductor shortage, it said on Tuesday.

newspaper

24-05-2022

Bank of Korea to raise rates again on May 26, to hit 2.25% by year end - Reuters poll

South Korea's central bank is likely to hike its benchmark rate at a second consecutive meeting on Thursday to combat inflation running at more than double its target, taking rates higher by year end than previously thought, a Reuters poll showed.

newspaper

24-05-2022

Dividend payouts hit first quarter record, but outlook rocky

Mining and oil firms led an 11% jump in dividend payouts to a first-quarter record of $302.5 billion, according to a closely-watched global report, though it warned companies face a growing number of challenges in the months ahead.

newspaper

24-05-2022