EM stocks, FX rise as dollar sags; CEE FX subdued

Investing News, Trading Ideas

An index of emerging market stocks rose on Wednesday, boosted by shares in China and Hong Kong on hopes of China’s post-COVID reopening, while currencies gained as the dollar eased ahead of a crucial Federal Reserve decision due later in the day. Read More

Turkey sets out Russian demands for resumption of Ukraine grain deal

Investing News, Trading Ideas

ANKARA/MYKOLAIV — Turkey set out Russia’s terms on Wednesday for the resumption of a deal to free up grain exports from war-torn Ukraine that are vital to global supplies, saying Moscow wanted to secure its own exports of grain and fertilizers. Read...

Gold holds ground as dollar slips with spotlight on Fed

Investing News, Trading Ideas

Gold prices rose on Wednesday as the dollar weakened, but they held to a tight range with investors reluctant to place big bets before the U.S. Federal Reserve’s rate decision later in the day. Read More

Dollar falls against euro and sterling as Fed decision looms

Investing News, Trading Ideas

LONDON/TOKYO — The U.S. dollar slipped on Wednesday as investors awaited for the U.S. Federal Reserve’s policy decision amid speculation it might indicate a slowdown in future rate hikes. Read More

China will support Pakistan in stabilizing its financial situation – Xi

Investing News, Trading Ideas

BEIJING — China will continue to support Pakistan as it tries to stabilize its financial situation, state media quoted President Xi Jinping as saying on Wednesday, during a visit by Pakistan’s prime minister to Beijing. Read More

Martinrea reports record quarterly sales as supply constraints ease

Investing News, Trading Ideas

TORONTO — Martinrea International Inc. says it hit record quarterly sales in the third quarter as supply shortages eased and it passed on more inflationary costs to customers. Read More