Economy

BHP Group is reportedly contemplating making an enhanced offer for Anglo American following the rejection of its initial $39 billion proposal by the London-listed miner. A source familiar with the matter disclosed that BHP is engaged in discussions regarding a revised bid for Anglo American that is expected to be presented in the upcoming weeks.
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China's industrial profits have taken a hit in March, with slower gains for the quarter compared to the initial two months of the year. Official data from the National Bureau of Statistics (NBS) revealed that cumulative profits of China's industrial firms only rose by 4.3% to 1.5 trillion yuan ($207.0 billion) in the first quarter
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Finance Minister Shunichi Suzuki expressed his concerns about the negative effects of the weak yen on Japan's economy. While acknowledging that a weak yen can have both positive and negative impacts, Suzuki emphasized that he is currently more concerned about the negative effects. The weakening yen has led to an increase in import prices, resulting
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The recent weakening of the Japanese yen to 155 per dollar has sparked concerns and speculation in the global market. With the Bank of Japan entering a two-day rate-setting meeting, traders are on edge, anticipating potential intervention from Tokyo. This development has significant implications for various currencies and markets worldwide. Market Speculation and Intervention The
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The U.S. stock index futures are showing positive signs of advancement on Tuesday. Growth and chip stocks are gaining momentum, with major tech companies like Meta Platforms, Microsoft, and Tesla edging up in premarket trading. The tech sector is gearing up for quarterly earnings reports, starting with Tesla after the market close on Tuesday. Early
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Central bankers are known for their deliberate language choices, and recent remarks from the Federal Reserve's top officials signal a shift in policy direction. Both Fed Chair Jerome Powell and Vice Chair Philip Jefferson have suggested that U.S. monetary policy may remain “restrictive” for a longer period of time, rather than being raised further. This
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Taiwan's defense ministry has recently announced its plans to discuss funding with the United States in light of a $95 billion legislative package that mainly focuses on providing security assistance to Ukraine and Israel. Despite Taiwan not having formal diplomatic ties with the U.S., it remains the island's most crucial international supporter and main arms
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U.S. Treasury Secretary Janet Yellen reiterated the Biden administration's commitment to providing Ukraine with the necessary budgetary and military assistance. She expressed disappointment in the delays from Republican lawmakers in approving the aid, deeming them “inexcusable.” Yellen's strong words come after a meeting with Ukrainian Prime Minister Denys Shmyhal and Finance Minister Serhiy Marchenko, where
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