Dollar bides time, looks to Powell for inspiration
TOKYO -- The dollar hit a seven-month high Read More
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PMN Economy
Japan stocks fall as investors pocket gains from a year-long rally
TOKYO -- Japanese stocks fell on Tuesday, giving up early gains as some investors booked profits on defensive energy and utility shares before the end of the fiscal year this month. Read More
Oil prices fall on rising U.S. dollar, expectations for supply gains
MELBOURNE -- Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to come back to the market. Read More
Asian FX dips as dollar strength weighs; Philippine peso firms
The following table shows rates for Asian Read More
Brazilian oil firm Petrobras to hire FPSO platform from Holand’s SBM for Búzios field
SAO PAULO -- Brazilian oil company Petrobras said it signed a letter of intent on Wednesday with Holland's SBM Offshore to hire a floating production storage and offloading platform (FPSO) for the Búzios field in the Santos Basin pre-salt. Read More
Japanese shares jump as recovery hopes lift cheap cyclical stocks
TOKYO -- Japanese shares jumped on Monday, snapping a three-day losing streak, as optimism on economic recovery from the pandemic prompted fresh buying in materials, travel-related and other cheap cyclical stocks. Read More
M&T Bank may merge with People’s United Financial in all-stock deal- WSJ
M&T Bank Corp is nearing an agreement to merge with People's United Financial Inc, with the two companies discussing an all-stock deal that could be finalized as soon as this week, the Wall Street Journal reported, citing people familiar with the matter. Read More
Activist investor Elliott to buy stake in insurer Principal Financial – Bloomberg News
Activist investor Elliott Management Corp has taken a stake in Principal Financial Group Inc and plans to push for changes at the life Insurance company, Bloomberg reported late on Sunday, citing sources. Read More
Japan stocks continue to surge on vaccine-fueled recovery hopes
TOKYO -- Japanese stocks, which hit a 30-year high in the previous session, extended their rally on Tuesday as progress in the distribution of coronavirus vaccines boosted expectations that the global economy is poised for a strong recovery. Read More
Japan shares edge higher driven by Honda’s upbeat earnings outlook
TOKYO -- Japanese stocks erased early losses and rose on Wednesday as an earnings forecast upgrade from Honda backed expectations for an improving outlook for corporate profits amid an improving global economy. Read More