Dollar Eases From 4-Month Highs as Yield Spike Loses Steam

© Reuters. By Yasin Ebrahim Inveting.com – The U.S. dollar gave up some of its gains Tuesday following a rise to four-month highs on the back of falling U.S. bond yields – a move that analysts warn could continue.  The , which measures the greenback against a trade-weighted basket of six major currencies, rose by […]

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Thailand loses 1.45 million tourism jobs from pandemic: tourism group

2/2 © Reuters. FILE PHOTO: People enjoy Cha-am Beach in Phetchaburi province 2/2 BANGKOK (Reuters) – Thailand has lost about 1.45 million tourism jobs during the coronavirus pandemic, including 400,000 in the first quarter, a private tourism group said on Monday, as the country gets ready to reopen to visitors to try to rescue the […]

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Electric firm Griddy loses access to Texas grid, customers shifted to rivals

© Reuters. FILE PHOTO: Winter weather caused electricity blackouts in Houston By Gary McWilliams HOUSTON (Reuters) – Texas’s grid operator on Friday shut Griddy Energy LLC’s access to the state’s power network for unpaid bills and shifted its 10,000 customers to other utilities, as new signs of a financial crisis rose after a state-wide blackout. […]

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JP Morgan loses activism defense bankers in U.S., Europe

© Reuters. FILE PHOTO: A J.P. Morgan logo is seen in New York City By Svea Herbst-Bayliss BOSTON (Reuters) – Two senior JP Morgan Chase (NYSE:) & Co executives responsible for defending corporate clients against activist investors who push for companies to perform better have left the bank, three sources said. Benjamin Wilson, head of […]

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BMW loses almost $800 million as sales slide during lockdowns

© Reuters. FILE PHOTO: Bangkok International Motor Show By Edward Taylor FRANKFURT (Reuters) – BMW (DE:) expects to make a profit this year if demand continues to recover, despite posting a record loss for its car division in the second quarter after sales slumped 25% because of coronavirus lockdowns, it said on Wednesday. The German […]

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Gold Loses $1,600 Support as Investors Sell to Save Bleeding Wall Street

By Barani Krishnan  Investing.com – Gold lost its key $ 1,600 support on Thursday as investors cashed out their long positions in the yellow metal in a scramble to cover margins and losses on Wall Street amid the U.S. ban on most incoming European travelers. on New York’s COMEX settled down $ 52.10, or almost […]

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