FOREX-Dollar eases as traders look to central banks for cues

(Updates to U.S. afternoon) By Saqib Iqbal Ahmed NEW YORK, Jan 25 (Reuters) – The dollar slipped against the euro on Wednesday, but its losses were capped as traders were hesitant to make any big bets ahead of next week’s central bank meetings, including the Federal Reserve and the European Central Bank. In addition, much … Read more

Electricity bills may continue to shock you even as overall inflation eases. Here’s why.

While price hikes for gas, furniture, electronics and clothes are slowing down after a long stretch of sharp gains, one costly item isn’t expected to get cheaper anytime soon: electricity. Economists say consumers should expect their electric bills to continue rising at a fast pace as liquified natural gas (LNG), a key fuel for generating electricity, remains … Read more

Japan yields retreat from policy cap, yen eases from 7-month peak before crucial BOJ decision

By Kevin Buckland TOKYO, Jan 18 (Reuters) – Japanese government bond yields eased back from the Bank of Japan’s 0.5% policy ceiling and the yen weakened from near seven-month highs on Wednesday, ahead of one of the most highly anticipated monetary policy decisions globally in years. BOJ Governor Haruhiko Kuroda and his colleagues have investors … Read more

Tencent Shares Nearly Double From October Low as Crackdown Eases

(Bloomberg) — Shares of Tencent Holdings Ltd. have nearly doubled from a recent low on growing signs that China is preparing to end its crackdown on major tech firms as well as optimism about the country’s reopening. Most Read from Bloomberg The online giant’s stock has risen 95% in Hong Kong since October 28, when … Read more

Wall Street Still Counting on Big Tech Rip Once Fed Eases Hikes

(Bloomberg) — Wall Street tech bulls are counting on the industry’s megacap stocks to move higher before long and jump start a rebound in the S&P 500. Most Read from Bloomberg The hope is that the Federal Reserve is coming close to wrapping up its inflation-fighting campaign, and that tech, the group that’s suffered the … Read more

Wall Street Still Counting on Big Tech Rip Once Fed Eases Hikes

(Bloomberg) — Wall Street tech bulls are counting on the industry’s megacap stocks to move higher before long and jump start a rebound in the S&P 500. Most Read from Bloomberg The hope is that the Federal Reserve is coming close to wrapping up its inflation-fighting campaign, and that tech, the group that’s suffered the … Read more

Filipino Catholics hold big procession after pandemic eases

MANILA, Philippines (AP) — Thousands of Catholic devotees, many donning protective masks and bearing candles, joined a night procession through downtown Manila early Sunday to venerate a centuries-old black statue of Jesus Christ, which was not paraded to discourage an even larger crowd amid lingering fears of COVID-19. The more than 80,000 devotees who church … Read more

Stock market news live updates: Stock futures rise as China eases COVID protocols

U.S. stock futures pointed to gains at Tuesday’s open as Wall Street returned from the long holiday weekend to barrel through the final four trading days of 2022. Futures tied to the S&P 500 () and Dow Jones Industrial Average () each advanced 0.7%. Contracts on the technology-heavy Nasdaq Composite () were up 0.5%. A … Read more

Manchester United defensive crisis eases with Harry Maguire on course for Nottingham Forest clash

’s centre-back crisis looks to be easing ahead of their Premier League return against on Tuesday. Erik ten Hag’s fifth-placed side have been looking notably short on fit and available defenders as they resume the top-flight campaign following the World Cup with the visit of opponents battling to avoid an immediate return to the Championship, … Read more

Euro zone business activity falls at slower rate in Dec, inflation eases -PMI

By Indradip Ghosh BENGALURU (Reuters) – Euro zone business activity shrank at the slowest pace in four months in December, suggesting a likely recession ahead will be shallower than previously thought, a survey showed on Friday, while prices rose at the most modest rate in about a year. S&P Global’s flash Composite Purchasing Managers’ Index … Read more