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Pound Rebounds Against Majors

The British pound rebounded from recent lows against other major currencies in the European session on Tuesday.
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DAX Declines On Interest Rate Concerns

DAX Declines On Interest Rate Concerns

German stocks traded sharply lower on Tuesday as investors fretted about higher interest rates and waited for Israel's response to Iran's unprecedented attack.
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Asian Shares Slide On US Rate Worries, Mixed China Data

Asian Shares Slide On US Rate Worries, Mixed China Data

Asian stocks tumbled on Tuesday while bond yields surged, and the dollar climbed to more than five-month highs as Middle East tensions persisted and signs of resilient consumer demand in the U.S. meant the Federal Reserve could delay interest rate cuts this year.
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US Offers Up To $6.4 Bln Grant To Samsung To Boost Chip-making In Texas

US Offers Up To $6.4 Bln Grant To Samsung To Boost Chip-making In Texas

The U.S. government has offered up to $6.4 billion funding to Samsung Electronics Co Ltd. to build semiconductor manufacturing and research and development facilities in Texas. This will add to South Korean tech major's proposed investment of over $40 billion in the state to build a cluster of semiconductor factories in the coming years aiming to meet the expected surge in demand from U.S...
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Commodity Currencies Slide Amid Risk Aversion

Commodity Currencies Slide Amid Risk Aversion

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday amid risk aversion, as bond yields spiked after a report showed a much stronger than expected U.S. retail sales growth in March. The data led to renewed concerns the U.S. Fed will hold off on lowering interest rates in June. Traders also remained concerned about geopolitical tensions in the middle east.
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U.S. Dollar Rises Against Majors

U.S. Dollar Rises Against Majors

The U.S. dollar strengthened against other major currencies in the Asian session on Tuesday.
RTTNews | 514 दिनों पहले
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European Shares Likely To Open On Tepid Note

European Shares Likely To Open On Tepid Note

European stocks are likely to open on a sluggish note Tuesday as investors ponder over a wider Middle East conflict and the outlook for U.S. interest rates.
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Microsoft To Invest $1.5 Bln In UAE's AI Firm G42

Microsoft To Invest $1.5 Bln In UAE's AI Firm G42

Tech major Microsoft Corp. is investing $1.5 billion in UAE-based artificial intelligence or AI technology holding company G42 as part of its initiatives to accelerate AI development and global expansion. The investment would enhance the UAE's position as a global AI hub. With the collaboration, the companies expect to share the benefits of secure AI technologies and cloud capabilities with growi
RTTNews | 514 दिनों पहले
European Economic News Preview: UK Unemployment Data Due

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and economic confidence from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK unemployment and average earnings data for February. The jobless rate is forecast to rise to 4.0 percent in three months to February from 3.9 percent in the preceding period.
RTTNews | 514 दिनों पहले

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