Bloomberg Markets
China’s yuan is still undervalued versus the euro despite its recent gains, and that’s contributing to a wider European Union trade deficit, according to Deutsche Bank AG.
Financial Times
World’s leading exporter now also second-largest importer, Beijing says
Bloomberg Markets
Chinese crude oil imports fell sharply in June to near a decade low, hampered by war in the Persian Gulf and an abrupt slowdown in domestic demand.
Bloomberg Markets
Taiwan reported a roughly 80% profit from a nine-month-long intervention to support the island’s stock market following the Trump administration’s move to impose tariffs, though it has now exited its position.
Bloomberg Markets
Jefferies says large caps are starting to look more reasonably valued.
Bloomberg Markets
A new breed of leveraged products tracking major South Korean chip stocks are tumbling in value, threatening steep losses for the country’s retail investors who favor the tools to pursue amplified returns.
Bloomberg Markets
Akasa Air is looking to raise 10.5 billion rupees ($110 million) through equity and debt, people familiar with the matter said, as India’s youngest airline seeks funds to overcome challenges brought on by the Iran war.
Bloomberg Markets
Shares of China’s major airlines are lagging Cathay Pacific Airways Ltd. by nearly 50 percentage points this year, as analysts expect weaker profits to persist on lackluster domestic travel demand.
Bloomberg Markets
Japan’s Government Pension Investment Fund has room to buy as much as ¥12.3 trillion ($76 billion) of additional government bonds without changing its asset allocation mix, according to Societe Generale SA, offering potential support for the debt market.
Bloomberg Markets
Fast-fashion giant Shein is seeking to list in Hong Kong as soon as August, targeting to raise about $2 billion to $3 billion, sources say. Minmin Low reports on the company's fundamentals. (Source: Bloomberg)
Bloomberg Markets
The Philippine peso falls toward a record low as escalating tensions in the Middle East drove oil prices higher, putting renewed pressure on the currency.
Bloomberg Markets
SK Hynix Inc. shares fluctuated in Seoul, reflecting the AI memory selloff on Wall Street prompting some buying into weakness.
Bloomberg Markets
Bond traders ramped up bets for a July interest-rate hike ahead of US inflation data and an appearance by the head of the Federal Reserve that stand to reinforce the need for action.
Yahoo Finance
Bloomberg Markets
Venezuela’s Acting President Delcy Rodríguez merged the government’s foreign policy and international trade ministries into a single office headed by Caracas’s ambassador to the US, Félix Plasencia.
Bloomberg Markets
Gold held a decline as escalating hostilities in the Strait of Hormuz and remarks by a US monetary policymaker raised the likelihood of interest-rate hikes to contain inflation.