Author: Daniel snow

[ad_1] U.S. dollar slips after tariffs-inspired gains; Aussie surges as RBA doesn't cut [ad_2] Source link

[ad_1] A shopper carries bags with promotional merchandise while visiting fashion retailer Shein’s Christmas bus tour, in Manchester, Britain, December 13, 2024. Temilade Adelaja | ReutersOnline fast fashion giant Shein has confidentially filed for an initial public offering in Hong Kong in a bid to apply pressure on U.K. regulators and accelerate its long embattled listing ambitions, according to the Financial Times.The Chinese-founded, Singapore-based retailer privately submitted a draft prospectus last week with the Hong Kong exchange (HKEX) and courted the approval of the China Securities Regulatory Commission (CSRC), two sources familiar with the matter told the newspaper.The HKEX, CSRC, U.K.…

[ad_1] Shigeru Ishiba, Japan’s prime minister, speaks during a news conference at the prime minister’s official residence in Tokyo, Japan, on Monday, Nov. 11, 2024.Kiyoshi Ota | Via ReutersU.S. President Donald Trump’s tariff letters that threaten steep duties on several countries, including key allies, have led to “shock” and “regret” even as nations expressed optimism that negotiations would yield favorable results.Japanese Prime Minister Shigeru Ishiba said the latest tariff announcement was “truly regrettable,” while stressing that he would continue negotiations with the U.S. government, according to local media reports.Japan is among the two nations set to to see an increase…

[ad_1] China’s national champion carmaker BYD embodies a state-led industrial model that America may no longer be able to compete with. [ad_2] Source link

[ad_1] The evening skyline in Victoria, Australia.Prasit Photo | Moment | Getty ImagesAustralia’s central bank held its policy rate at 3.85%, saying it needed more time to assess inflation data. Economists polled by Reuters had been expecting a cut of 25 basis points to 3.6%.In its statement Tuesday, the Reserve Bank of Australia said it was waiting for “a little more information to confirm that inflation remains on track to reach 2.5 per cent on a sustainable basis.””While recent monthly CPI Indicator data suggest that June quarter inflation is likely to be broadly in line with the forecast, they were,…

[ad_1] Asia FX ticks up after Trump tariffs sparked sharp losses; RBA decision ahead [ad_2] Source link

[ad_1] Latest wage data highlights that inflation could be taking a substantial bite out of incomes in Japan, despite incomes in the country rising. [ad_2] Source link

[ad_1] Samsung signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025.David Paul Morris | Bloomberg | Getty ImagesSouth Korea’s Samsung Electronics on Tuesday forecast a 56% fall in profits for the second as the company struggles to capture demand from artificial intelligence chip leader Nvidia. The memory chip and smartphone maker said in its guidance that operating profit for the quarter ending June was projected to be around 4.6 trillion won, down from 10.44 trillion Korean won year over year.The figure is a deeper plunge compared to smart estimates from LSEG, which…

[ad_1] Almost 600 people have signed an open letter to leaders at venture firm Sequoia Capital after one of its partners, Shaun Maguire, posted what the group described as a “deliberate, inflammatory attack” against the Muslim Democratic mayoral candidate in New York City. Maguire, a vocal supporter of President Donald Trump, posted on X over the weekend that Zohran Mamdani, who won the Democratic primary last month, “comes from a culture that lies about everything” and is out to advance “his Islamist agenda.”The post had 5.3 million views as of Monday afternoon. Maguire, whose investments include Elon Musk’s SpaceX and…

[ad_1] In a Monday interview with CNBC’s Jim Cramer, CoreWeave CEO Michael Intrator described what makes his company different from peer Oracle.”Oracle has its own set of products that they’re offering, and they are a formidable competitor,” Intrator said, explaining that CoreWeave competes with Oracle in the artificial intelligence infrastructure space. “From our position, we really believe that over time, what’s going to differentiate us from anyone else is the … software stack that drives the performance that we’re able to achieve on our infrastructure.”According to Intrator, CoreWeave built its software stack from scratch and made decisions based on optimization.…