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Oil prices continued to fall on Monday due to indications of weak fuel demand and the impact of comments from US Federal Reserve officials that decreased optimism regarding interest rate cuts. Both Brent crude and West Texas Intermediate crude dropped by 0.3% each, to $82.53 and $78.03 per barrel respectively, following losses of around…

According to recent Commodity Futures Trading Commission (CFTC) data, hedge funds and speculators have significantly reduced their short yen positions in response to Japan’s suspected currency market intervention to support the yen. In the week ending May 7, net short yen positions decreased by 20%, marking the largest weekly yen-bullish swing since March 2020.…

According to a recent Bloomberg Markets Live Pulse survey, while gold is still considered the best hedge against inflation by 46% of respondents, nearly a third believe that tech giants such as Nvidia, Amazon, and Meta Platforms (formerly known as Facebook) provide a better safeguard against inflation risks. This shift in perception can be…

In response to the worsening housing crisis in Australia, the government is expected to outline measures in the upcoming budget aimed at improving affordability. Treasurer Jim Chalmers is set to present the budget on Tuesday, which will reportedly focus on addressing the issue. The government has previously pledged funds for training 20,000 local workers…

In light of the strong U.S. Dollar causing increased currency volatility throughout Asia, Taiwan has seen some relief thanks to an AI-driven technology boom. Taiwan’s currency fell only 1.7% against the U.S. Dollar in April compared to declines in the currencies of South Korea and Japan, despite the Central Bank keeping intervention amounts similar…

While Apple’s announcement of a $110 billion stock buyback is significant, it may not be enough to make the stock an attractive investment option. The company has struggled with declining revenue for over a year, with consistently decreasing quarterly revenue in China and the iPhone segment. Apple’s lack of clarity regarding its AI strategy…

According to recent reports and analyst predictions, hopes are high that India’s rupee will experience a rebound as foreign inflows increase. However, experts caution that the Reserve Bank of India (RBI) may limit any significant appreciation due to its aim to maintain currency stability and the government’s concern over the impact on exports. MUFG…

Can you summarize the main challenges facing Alibaba and JD.com due to the increasing competition from low-cost e-commerce platforms like Pinduoduo and Douyin? And how are these two companies responding to this trend? Provide some specific examples. Generate according to: By Casey Hall SHANGHAI, May 13 (Reuters) – Quarterly earnings reports from Chinese e-commerce…

As Asian stocks prepare for a subdued opening on Monday, economic indicators from China highlight signs of a slowing US economy and weak demand in China. While consumer prices increased for the third consecutive month, industrial prices continued to decline. Credit decreased for the first time in April, as government bond sales slowed down…

According to recent projections from Australia’s Treasury, inflation could potentially return to the Reserve Bank of Australia’s (RBA) target band before the end of 2024, surpassing previous predictions made by both the government and the RBA itself. The Treasury’s updated forecast, announced ahead of the upcoming budget, suggests that inflation will fall within the…