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Morning Bid: Greenback in the red as Jackson Hole looms
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Analysis-Package deals make a comeback as sun seekers count the cost
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Philippines detects first mpox case this year, yet to determine strain
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London’s FTSE 100 slips, but US rate-cut optimism limits losses
Oil prices fall on China demand fears, focus on Mideast talks
Date: August 19, 2024
By Yuka Obayashi TOKYO (Reuters) – Oil prices eased in trading on Monday as fears of weaker demand in top oil importer China weighed on market sentiment while investors focused on the progress of ceasefire talks in the Middle East, which could reduce supply risks. Brent crude futures dropped 45 cents, or 0.56%, to...
Thai Q2 GDP beats forecast, but policy uncertainty clouds outlook
Date: August 19, 2024
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s economic expansion accelerated in the second quarter due to stronger consumption, tourism and exports, but analysts said policy uncertainty following a change in government clouds the outlook. Gross domestic product grew 2.3% in the April-June quarter from a year earlier, National Economic and Social Development...
Yen jumps as bets for dovish Fed pressures dollar
Date: August 19, 2024
By Rae Wee SINGAPORE (Reuters) -The U.S. dollar declined broadly on Monday and slipped sharply against the yen in particular as investors bet on a dovish tone emerging in the Federal Reserve’s July policy meeting minutes and Chair Jerome Powell’s upcoming speech at Jackson Hole. The minutes, due on Wednesday, and Powell’s speech on...
UK estate agents report more buyer interest after BoE rate cut
Date: August 19, 2024
By David Milliken LONDON (Reuters) – British estate agents have seen a pick-up in demand from buyers since the Bank of England’s decision on Aug. 1 to begin cutting interest rates from a 16-year high, property website Rightmove said on Monday. Rightmove, which says it advertises property for more than nine of every 10...
Oil falls over 1% as investors worry about China demand outlook
Date: August 16, 2024
By Shariq Khan NEW YORK (Reuters) -Oil prices fell about 2% on Friday and were set to end the week around the same levels as last, with Brent crude just below $80 a barrel, as investors tempered expectations of demand growth from top oil importer China. Brent crude futures fell by $1.06, or 1.3%, to...
Fortnite returns on iPhones in EU, globally on Android
Date: August 16, 2024
By Supantha Mukherjee STOCKHOLM (Reuters) – Multiplayer shooter game Fortnite is available again on iPhones in the European Union and worldwide on Google’s Android devices after a gap of four years, following legal measures by the EU, developer Epic Games said on Friday. Fortnite, created by Epic, a U.S.-based studio, and backed by China’s Tencent,...