Inflation Data Weighs on the Dollar
by Rania Gule, Senior Market Analyst at XS.com – MENA
The USD/JPY pair witnessed a significant drop, starting Thursday’s session around the 155.00 level, near the lower boundary of the short-term descending channel. This decline came after U.S. inflation data showed a slowdown in core inflation, triggering a dollar sell-off and prompting investors to seek refuge in the Japanese yen. This...
Wall Street banks to report quarterly results
by Antonio Di Giacomo, Senior Market Analyst at XS.com
The quarterly earnings of several Wall Street banks will serve as a key indicator of market optimism following Donald Trump's election, which raised expectations for pro-business policies. This reporting period is crucial for understanding how financial institutions are navigating the current economic environment, especially after the volatility caused by political and...
China continues to lead global e-commerce market with over $2 trillion sales in 2022
China’s e-commerce market, the world’s largest, is expected to register a...
Qatar gas only short-term solution to Italy’s Russian imports problem
The recent Ukraine crisis has hugely dented the gas supply security of Italy, according to...
ExxonMobil’s ‘scope 3’ emissions set to rise despite ‘net zero’ pledge
Following ExxonMobil’s announcement of an ambition to achieve net-zero emissions for operated assets by...
Online shopping and rising internet penetration to lead Philippines e-commerce at 17% CAGR through 2025
Driven by growing consumers’ preferences for online shopping and increasing...
Influencers anticipate conducive regulatory environment for cryptocurrency in India
The proposed ban on private cryptocurrencies in India had triggered panic selling by investors in the...
Chris Dinga, Payments Analyst at GlobalData, a leading data and analytics company, offers his view:
“Visa holds the second largest credit cards market share...
India is expected to register the highest styrene-butadiene-rubber capacity by 2025
India is expected to register the highest styrene-butadiene-rubber (SBR) capacity additions globally between 2021...
M&A in Singapore life insurance industry to further consolidate position of top 10 insurers in 2021
Singapore life insurance industry is highly concentrated with the...
Pandora Papers to spark greater scrutiny of property
The latest release of offshore financial information has revealed little illegal activity, and will lack much of...