Actualités Forex

Adidas Sued By Investors Over Kanye West's Yeezy Deal

Sportswear giant Adidas has been sued by investors over its now terminated partnership with Yeezy brand, owned by American designer and rapper Kanye West, reports said. West is not party to the lawsuit, which was filed over allegations that the German firm was aware of his problematic behaviour years before it ended their partnership. They also alleged that the company failed to limit financial...

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South Korea Exports Fall For Seventh Straight Month

South Korea's exports declined for the seventh consecutive month in April due to the weak demand for semiconductors and a continuing fall in shipments to China, figures from the Ministry of Trade, Industry and Energy showed Monday. Exports decreased 14.2 percent on a yearly basis in April, bigger than March's 13.6 percent decrease. Shipments were forecast to drop 13.5 percent.

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Yen Falls, Aussie Rises; As Asian Stock Markets Traded Higher

The Japanese yen weakened and the Australian dollar strengthened against their major currencies in the Asian session on Monday, as most Asian stock markets traded higher following the broadly positive cues from global markets on Friday. Traders digest the better-than-expected US consumer price inflation data that is expected to impact the outlook for interest rate hikes. Most of the markets in the region closed for Labor Day holiday. Traders now look ahead to the U.S. Federal Reserve's monetary policy meeting scheduled for Wednesday. "The FOMC will hike another quarter-point, and may indicate further hikes remain a possibility," FHN Financial Chief Economist Chris Low said.

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Australian Dollar Rises Against Majors

The Australian dollar strengthened against other major currencies in the Asian session on Monday.

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Teva Recalls FENTANYL Buccal Tablets CII

Teva Pharmaceuticals USA is recalling specific lots of various strengths of FENTANYL Buccal Tablets CII to the consumer level citing a labeling error, the U.S. Food and Drug Administration said. The recall has been initiated because safety updates were omitted in the product insert/medication guide that are provided with these recalled lots.

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Yen Falls Against Majors

The Japanese weakened against other major currencies in the Asian session on Monday.

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Asian Markets Track Global Markets Higher

Asian stock markets are trading mostly higher on Monday in thin holiday trading, following the broadly positive cues from global markets on Friday, with most of the markets in the region closed for Labor Day holiday. Traders digest the better-than-expected US consumer price inflation data that is expected to impact the outlook for interest rate hikes. Asian markets closed mostly higher on Friday.

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Japanese Market Significantly Higher

The Japanese stock market is significantly higher on Monday, extending the gains in the previous two sessions, with the Nikkei 225 moving above the 29,000 mark to eight-month highs, following the positive cues from global markets on Friday, with notable gains in heavyweight stocks after the Bank of Japan kept rates at ultra-low levels.

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Australian Market Notably Higher

The Australian stock market is notably higher on Monday, extending the gains in the previous session, with the benchmark S&P/ASX 200 staying above the 7,300 level, following the broadly positive cues from global markets on Friday, with gains across most sectors, led by energy and technology stocks.

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