Lifestyle
US: Wall St opens higher after retreating on inflation jitters
The main US stock indexes opened higher on Friday (May 24), rebounding after Wall Street closed lower in the previous session on signs of persistent inflation that rekindled monetary...
Greenback holds firm as traders trim US rate cut bets
THE US dollar was set for its largest weekly rise in a month-and-a-half on Friday (May 24) as surprisingly strong US economic data has left markets on edge about...
US dollar slips on profit taking but upbeat outlook remains
THE US dollar slipped broadly on Friday (May 24) as traders booked profits after recent gains but the US currency remained well-placed for further advances, supported by strong US...
EV maker Lucid to cut workforce by 6%
LUCID Group said on Friday (May 24) it would reduce its workforce by 6 per cent, or around 400 employees, as the electric vehicle industry grapples with slower growth.
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Investors rush to grab piece of US$1.8 trillion UK pension sector
Hedge fund Davidson Kempner and asset manager M&G are racing to be among the first firms to inject capital to boost Britain’s US$1.77 trillion pension sector, industry sources say.In...
Elon Musk now says he opposes US tariffs on Chinese EVs
TESLA founder Elon Musk told tech investors in Paris on Thursday he opposed US tariffs on Chinese electric vehicles (EVs), an about-face from his January warning that trade barriers...
China’s 3.9 trillion yuan deposit exodus supercharges rally in bonds
CHINA’S efforts to bolster economic growth by reducing the allure of bank deposits has driven a record exodus from cash, with a big proportion of that going into bonds...
Australian, New Zealand dollars on defensive, markets run away from rate cuts
THE Australian and New Zealand dollars were ending the week on the defensive on Friday as upbeat economic data lifted their US counterpart, while debt markets further lengthened the...
