UBS Recommends New Zealand Dollar Following RBNZ Rate Hike
UBS maintains a positive outlook on the New Zealand dollar, citing the Reserve Bank of New Zealand's recent interest rate increase and its signal for further monetary tightening.
Latest by Marcus Chen
Global Bond Yields Stabilize After U.S.-Iran Conflict Triggers Sharp Sell-Off
Government bond yields in the U.S. and Europe held steady on Friday, following their largest two-day spike in months. The sell-off was driven by renewed inflation fears after military clashes between the U.S. and Iran sent oil prices soaring.
Citi Turns Tactically Bearish on British Pound Ahead of New PM Appointment
Citigroup analysts are advising clients of a short-term bearish outlook for the British pound, citing a historical pattern of sterling weakness following the appointment of a new UK Prime Minister.
Citi Forecasts USD/JPY at 163 if Topix Stock Index Reaches 4,500
According to a new research note from Citi, Japan's Topix stock index rising to the 4,500 level could drive the USD/JPY exchange rate to ¥163, driven by investor portfolio rebalancing.
NOWPayments Launches Zero-Fee Crypto Payouts Using Email Addresses
Crypto payment gateway NOWPayments has introduced a new infrastructure that allows businesses to send mass crypto payouts via email, aiming to eliminate network and service fees.
Men's Wearhouse Owner Tailored Brands Files for IPO After 2020 Bankruptcy
Tailored Brands, parent of Men's Wearhouse and Jos. A. Bank, has publicly filed for an initial public offering, marking a return to public markets four years after a pandemic-era bankruptcy restructuring.
MOEX Russia Index Tumbles 2.13% to Three-Year Low on Commodity Sector Weakness
Russia's main stock index fell sharply to its lowest point in three years, driven by significant losses in the mining, oil, and gas sectors. The decline was accompanied by a spike in market volatility and a weakening of the ruble.
Biotech Firm Scribe Therapeutics Files for Initial Public Offering on Nasdaq
Scribe Therapeutics has submitted a registration statement for an initial public offering on the Nasdaq Global Market, planning to trade under the ticker symbol 'SCTX'. The number of shares and offering price have not yet been disclosed.
Mexican Stocks Gain as S&P/BMV IPC Rises 0.59% to Close Week
Mexico's benchmark stock index, the S&P/BMV IPC, closed 0.59% higher on Friday, lifted by gains in the industrial and consumer sectors. The Mexican peso also strengthened against the U.S. dollar.