GBP/USD exchange rate firms on positive US durable goods orders data =============== #b4222ee6 ver:0.97 The GBP/USD exchange rate firmed on March 27, 2024, following the release of positive durable goods orders data from the US. Durable goods orders in the United States expanded by 1.4% in February, surpassing market expectations of a 1.1% rise and rebounding from last month's downwardly revised -6.9% figure. The Pound (GBP) remained range-bound against most of its peers due to the absence of significant macroeconomic data releases. However, grocery price inflation in the UK slowed to 4.5% in March, the lowest level since February 2022. Market participants are now awaiting the UK's finalised GDP data for the fourth quarter of 2023, which is expected to confirm that the UK economy fell into a technical recession in the second half of 2023. This may have an impact on GBP exchange rates later i... #newstr #Gbp/usd #DurableGoodsOrders #GroceryPriceInflation #GdpData #TechnicalRecession

φ HERE - Coherence-First News

China Files WTO Complaint Over US Electric Vehicle Subsidies, Escalating Trade Tensions =============== #ac1676e0 ver:0.18 China's stock market experienced a decline as tensions between the US and China escalated over a new American policy that could disadvantage Chinese electric vehicle (EV) manufacturers. The Shanghai Composite Index fell by 1.3%, or 38.34 points, to close at 2,993.14, while the Shenzhen Component Index dropped by 2.4%, or 226.96 points, to 9,222.47 . China argues that the US Inflation Reduction Act includes discriminatory subsidies that unfairly exclude Chinese-made EVs. In response, China has filed a complaint with the World Trade Organization (WTO) against the Act . Despite the market downturn, data from the National Bureau of Statistics revealed a strong 10.2% year-on-year increase in industrial profits for the first two months of 2024 . In addition to the trade tensions, Guangdong Ti... #newstr #China #Us #Wto #ElectricVehicles #Subsidies #TradeDispute

φ HERE - Coherence-First News

Chinese President Xi Jinping Meets with Top US Executives in Beijing to Discuss Economic Cooperation and Address Concerns =============== #dda14a4e ver:0.35 Chinese President Xi Jinping met with representatives of US businesses in Beijing's Great Hall of the People on Wednesday, March 27, 2024. The meeting, proposed by Evan Greenberg, the chief executive of U.S. insurer Chubb, aimed to address concerns about China's business environment and strengthen business ties between China and the United States . The meeting included representatives from the US business community and academia, as well as prominent figures such as Apple CEO Tim Cook, Blackstone’s Stephen Schwarzman, Qualcomm Inc.’s Cristiano Amon, FedEx Corp. CEO Raj Subramaniam, and other top executives. The CEOs extended their stay in China after receiving a last-minute invitation to meet with President Xi Jinping . The meeting provided an opportunity to discuss trade and investme... #newstr #China #Us #BusinessRelations #EconomicCooperation #Trade #Technology #Investment

φ HERE - Coherence-First News

Top Stories on HERE.news in this hour...https://imagedelivery.net/665GHToRzycMVwZ9VsJNfA/ad064203-cc2d-47f7-463d-90fb8c1f5f00/public

Investors Remain Optimistic Despite Nagging Thoughts of Stock Market Correction =============== #00c74072 ver:0.29 Despite nagging thoughts of a potential stock market correction, investors remain optimistic as the US stock market continues to reach record highs. The first quarter of 2024 saw gains of over 10%, easing initial investor angst and trepidation. While US stocks are considered expensive, they are not at extremes, and earnings forecasts for next year are rising. Additionally, the US economy is expected to avoid a recession this year, and interest rates are projected to start falling over the summer. Volatility gauges in stock, bond, and currency markets are also unusually subdued. Although the picture outside the United States may be patchier, stocks in Europe and Japan are cheaper, and the economic growth nadir in both areas may have already passed. The recent Bank of America global fund man... #newstr #StockMarket #Correction #Equities #InterestRates #EconomicGrowth #Volatility #Investors

φ HERE - Coherence-First News

Public Opinions on Immigration, Law and Order, and Various Other Topics =============== #b06159f1 ver:0.13 In a letter to the editor titled 'Everything will be on the line in November', published in the South Florida Sun Sentinel, the author emphasizes the importance of voting against Donald Trump in the upcoming November election. The author raises concerns about the immigration problem, inflation, the age of the president, and the banning of books. They assert that everything is at stake in this election and urge readers to stand up for the preservation of America . Another letter to the editor highlights the benefits of immigration, stating that it strengthens the economy and communities. The letter cites the Congressional Budget Office's estimate of $7 trillion in economic growth over the next ten years due to immigration. It also mentions the contributions immigrants make through taxes an... #newstr #PublicOpinions #Immigration #LawAndOrder #Mta #RedLightCameras #Trump #NyAttorneyGeneral #Israel #Hamas #RepAlexandriaOcasiocortez

φ HERE - Coherence-First News

Nikkei 225 Reaches New All-Time High as Japanese Equities Surge, but Falls 1.10% at Close of Trade =============== #0265b35c ver:0.26 Japanese equities continued their upward trend on Thursday, with the Nikkei 225 surging 2.08% to reach a new all-time high. The gains were driven by the Paper & Pulp sectors, propelling shares higher. Concordia Financial Group Ltd, Tokyo Electric Power Co., Inc., and Chiba Bank Ltd were among the biggest gainers on the Nikkei 225, while Sapporo Holdings Ltd., DOWA Holdings Co., Ltd., and Nippon Yusen K.K. were among the biggest losers. The positive performance of Japanese equities comes ahead of the Bank of Japan's rate decision tomorrow. In commodities trading, crude oil and gold prices rose, while the USD/JPY and EUR/JPY currency pairs fell. The US Dollar Index Futures was down 0.12% at 102.93. On Friday, Japan equities continued to rise, with the Nikkei 225 adding 0.15% to hit a new al... #newstr #Japan #Equities #Nikkei225 #Paper&PulpSectors #BankOfJapanRateDecision #CommoditiesTrading #CurrencyPairs #UsDollarIndexFutures #TokyoStockExchange #SumitomoRealty&DevelopmentCo #TokyoTatemonoCo,Ltd #SuzukiMotorCorp #NexonCoLtd #MitsubishiHeavyIndustries,Ltd #KawasakiHeavyIndustries,Ltd

φ HERE - Coherence-First News

Japanese Yen Hits 34-Year Low Against US Dollar, Prompting Warning from Finance Minister =============== #080c8e6b ver:1.2 The Japanese yen has reached a 34-year low against the US dollar, trading at 151.97 yen per dollar in the Asia session. This marks a decline of about 0.2% and is the weakest level since the mid-1990s . The yen's depreciation has drawn comparisons to Japan's intervention in the foreign exchange market in 2022 when authorities defended the currency at 151.94 yen per dollar. Japanese Finance Minister Shunichi Suzuki has issued a warning, stating that Japan would take 'decisive steps' against excessive currency moves . The depreciation of the yen contributes to higher import costs and aids exports. The weakening yen is extending beyond its borders, potentially impacting the competitiveness of Chinese exports . Despite Japan's recent exit from negative interest rates, the yen remains the worst-... #newstr #JapaneseYen #UsDollar #FinanceMinister #ImportCosts #Exports #China #MonetaryPolicy

φ HERE - Coherence-First News

H&M Reports Strong Q1 Operating Profit, Aims for 10% Profit Margin in 2024 =============== #347aa46b ver:0.86 US retail sales for December 2023 exceeded expectations, rising by 0.6% from November to $615 million. This increase was 0.3% higher than November's sales, indicating the resilience of American shoppers and a positive financial start to the new year. Out of the 13 categories monitored, nine experienced sales increases, including clothing, fashion accessories, and non-store retailers. However, health and personal care shops saw a 1.4% decrease, and petrol station sales were down by 1.3%. Automotive and fuel sales increased by 4.9% annually, while spending at petrol stations dropped by 11.5% due to falling fuel prices. The strong retail sales figures may influence the US Federal Reserve to maintain its current interest rates. Retail sales in the US rebounded in February, rising by 0.6% afte... #newstr #UsRetailSales #NrfForecast #SupplyChainFlexibility #Walmart #H&m #Q1OperatingProfit

φ HERE - Coherence-First News

Tech Entrepreneur Oluwaseun Dania Ranked Among Top Enablers in Nigeria's Digital Economy =============== #efd703e8 ver:0.11 Tech entrepreneur Oluwaseun Dania, founder and lead consultant of Alpha-Geek Technologies, has been ranked among the 50 Most Valuable Personalities (MVP) in Nigeria's Digital Economy. The recognition was given at a One Day Industry Colloquium/Lunch/Recognition Ceremony organized by KnowHow Media, where Dania received a recognition plaque for his contributions to the growth of the digital ecosystem . The ranking was based on Dania's innovation, vision, impact, and influence in the digital space . Speaking at the event, Dania emphasized the importance of collaboration in the sector and called for increased cooperation among industry players to foster a vibrant and sustainable digital economy . He expressed his dedication to continuing his contributions to the sector and working towards a ... #newstr #OluwaseunDania #AlphageekTechnologies #Nigeria #DigitalEconomy #Ranking #Innovation #Collaboration

φ HERE - Coherence-First News

India Adds More Billionaires Than China: Hurun Global Rich List 2024 =============== #47d6aef8 ver:0.23 Donald Trump's wealth reached a record high in a single day as his business empire faced a New York fraud lawsuit. A state appeals court reduced the bond he had to post from $US500 million to $US175 million. At the same time, his social media company, Trump Media & Technology Group, completed a 29-month-long merger process, increasing his net worth by over $US4 billion . As a result, Trump is set to join the ranks of the world's wealthiest 500 people on the Bloomberg Billionaires Index with a fortune of $US6.5 billion . His shares in Digital World Acquisition Corp., valued at around $US3.9 billion, are locked up for six months . The completion of the merger overcame investigations, settlements, and lawsuits . Bernard Arnault remains the richest person in the world with a fortune of around ... #newstr #HurunGlobalRichList #India #China #Billionaires #Wealth #Industries

φ HERE - Coherence-First News

Turkey, US, and Kazakhstan Seek to Strengthen Partnerships and Improve Relations =============== #b6210d7f ver:0.05 In an effort to improve bilateral relations, Turkish and US officials have engaged in comprehensive talks about the conflicts in Ukraine and Gaza, as well as various other issues. The meetings, known as the Strategic Mechanism, took place in Washington and aimed to move beyond deep policy disagreements and foster cooperation . After a meeting with US Secretary of State Antony Blinken, Turkish Foreign Minister Hakan Fidan stated that there is an opportunity to open a 'new page with a positive agenda' in Turkey-US relations . The two countries have decided to resume 'counterterrorism consultations' to address the biggest obstacle between them, which is the US support for the YPG/PKK . The joint statement released after the meeting outlines a broad framework for opening a new page, including... #newstr #TurkeyusRelations #Ukraine #Gaza #Counterterrorism #Ypg/pkk #JointStatement #KobaneCrisis #KazakhstanusStrategicPartnership #Trade #EconomicCooperation #EnergySecurity #Peacekeeping

φ HERE - Coherence-First News

The Debate Over Banning TikTok in the U.S.: National Security vs. Free Speech =============== #0bc546b8 ver:0.25 The debate over whether the United States should ban TikTok centers around concerns about data security and potential vulnerabilities due to its ownership by Chinese company ByteDance. In February 2023, the White House ordered federal agencies to delete the app from government devices, and in March 2023, House lawmakers questioned TikTok's CEO about the app's relationship to ByteDance and China's influence. The House Energy and Commerce Committee has advanced a bill stating that TikTok must sever ties with its parent company within six months or face a ban in the U.S. Concerns arise that under communist control, China could order ByteDance to provide user data to Chinese authorities, posing a risk to national security and data privacy. However, a ban on TikTok would also have negative econ... #newstr #Tiktok #NationalSecurity #DataSecurity #Bytedance #China #EconomicConsequences #Gdp #SmallAndMidsizedBusinesses #VirtualPrivateNetworks #Technology

φ HERE - Coherence-First News

Chinese President Xi Jinping Meets with Top US Executives in Beijing to Discuss Economic Cooperation and Address Concerns =============== #dda14a4e ver:0.34 Chinese President Xi Jinping met with representatives of US businesses in Beijing's Great Hall of the People on Wednesday, March 27, 2024. The meeting, proposed by Evan Greenberg, the chief executive of U.S. insurer Chubb, aimed to address concerns about China's business environment and strengthen business ties between China and the United States . The meeting included representatives from the US business community and academia, as well as prominent figures such as Apple CEO Tim Cook, Blackstone’s Stephen Schwarzman, Qualcomm Inc.’s Cristiano Amon, FedEx Corp. CEO Raj Subramaniam, and other top executives. The CEOs extended their stay in China after receiving a last-minute invitation to meet with President Xi Jinping . The meeting provided an opportunity to discuss trade and investme... #newstr #China #XiJinping #Us #BusinessExecutives #Beijing #ForeignInvestment #CapitalFlight #VisaRules #ForeignTalent #ForeignMoney

φ HERE - Coherence-First News

Oil prices slide for second consecutive day as U.S. stockpiles surge =============== #12d86ea3 ver:0.45 Oil prices were broadly steady on Thursday, supported by a surprise drop in US crude stock and the US Federal Reserve's commitment to rate cuts. Brent crude futures for May decreased by 0.4% to $85.64 a barrel, while US West Texas Intermediate (WTI) futures for May fell by 0.4% to $80.97 a barrel. Crude inventories in the US declined for the second consecutive week, dropping by 2 million barrels to 445 million barrels in the week ending March 15. Gasoline inventories also fell for the seventh week, down by 3.3 million barrels to 230.8 million. The market was also influenced by concerns over Ukrainian attacks on Russian refineries impacting global petroleum supplies. Oil prices settled slightly lower on Thursday, with Brent crude futures for May settling down 17 cents, or 0.2%, to $85.78 ... #newstr #OilPrices #UsStockpiles #Opec+ #OutputPolicy #BrentCrude #WtiCrude #CrudeOilInventories

φ HERE - Coherence-First News

Bill Gates Applauds India's Growth Momentum and Affirms India's Key Role at Times Now Summit =============== #1b16493f ver:0.11 Indian Prime Minister Narendra Modi met with philanthropist Bill Gates in New Delhi on February 29, 2024, to discuss various topics including Artificial Intelligence (AI), women-led development, innovation in agriculture, health, and climate adaptation. Both leaders expressed their admiration for each other and their commitment to sectors that have the potential to enhance the planet and uplift millions worldwide. The meeting between Modi and Gates highlights the global focus on leveraging AI for the public good. They also discussed climate adaptation and how to take lessons from India to the world. Gates also met with External Affairs Minister S Jaishankar and visited Chief Minister Naveen Patnaik in Odisha. He interacted with women's self-help groups and visited a slum in Bhubaneswar. Th... #newstr #BillGates #India #EconomicGrowth #DigitalInfrastructure #TimesNowSummit

φ HERE - Coherence-First News

HSBC Launches $1 Billion ASEAN Growth Fund to Support Digital Platform Businesses in Southeast Asia =============== #f676f111 ver:0.15 HSBC has launched a $1 billion ASEAN Growth Fund to support digital platform businesses in Southeast Asia. The fund aims to enhance the capabilities of digital companies in Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, which are rapidly developing countries in terms of their digital economies. The fund will support a wide range of companies, from emerging startups to more established firms and non-bank financial institutions. HSBC will offer credit facilities based on operating metrics and cash flow generation, rather than traditional financial indicators. The bank will also provide digital financing and banking solutions, including the HSBC Omni Collect and HSBC TradePay, to high-growth businesses in Malaysia. The Southeast Asian digital economy is projected to r... #newstr #Hsbc #AseanGrowthFund #DigitalCompanies #DigitalEconomy #SoutheastAsia

φ HERE - Coherence-First News

Top Stories on HERE.news in this hour...https://imagedelivery.net/665GHToRzycMVwZ9VsJNfA/eab3d280-8118-4d6e-cb0f-139a9bffda00/screenshot

Gemini, Pisces, and Cancer Horoscope: March 4 - 31, 2024 - Authority Issues, New Opportunities, Positive Contributions, and Success in Commerce =============== #218a9310 ver:0.19 Delve into the world of horoscopes and discover what the stars have in store for Gemini, Pisces, and Cancer from March 4 to 31, 2024. According to the weekly horoscope, Gemini may encounter authority issues as Mercury aligns with Neptune. It is advised that Gemini approach these challenges with humble curiosity and seek to understand the reasons behind certain rules. Collaborations become favorable starting Saturday night as Mercury moves into Aries. Gemini individuals are encouraged to update their online presence and take pride in their professional accomplishments. It is important for Gemini to be aware of people concealing facts and adjust boundaries accordingly. On Sunday, there will be a new moon in Pisces, signaling a time of wrapping up projects and preparing for new opportunities.... #newstr #Horoscope #Astrology

φ HERE - Coherence-First News

Mixed Q4 Earnings Reports for CME Group, Peraso Inc., Harrow Inc., Micron Technology Inc., Lululemon Athletica, Nike, Creative Realities, and Creative Media & Community Trust Co. =============== #b1d2cc46 ver:0.28 CME Group Inc. reported fourth-quarter net income of $814.6 million, with earnings per share of $2.24. Adjusted earnings per share were $2.37, exceeding Wall Street expectations of $2.27 per share. The company's revenue for the quarter was $1.44 billion, surpassing Street forecasts of $1.43 billion. The strong earnings were driven by interest-rate products, with the U.S. Federal Reserve's interest-rate hikes in the previous year boosting CME's average daily volume (ADV) to a record-high. Interest rate ADV surged 35.8% to 13.3 million contracts in the quarter, while total ADV rose 17% to 25.5 million contracts. Clearing and transaction fees, which make up the largest chunk of CME's revenue, jumped 20.7% to $1.18 billion. Cimpress (NASDAQ:CMPR) hit a new 52-week high during mid-day t... #newstr #Earnings #QuarterlyEarnings #CmeGroup #PerasoInc #HarrowInc #MicronTechnologyInc #LululemonAthletica #Nike #CreativeRealities #CreativeMedia&CommunityTrustCo

φ HERE - Coherence-First News