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  • Asia FX Rallies, Dollar Tumbles As Markets Bet on Fed Pivot

    Asia FX Rallies, Dollar Tumbles As Markets Bet on Fed Pivot0

    Most Asian currencies rose sharply on Thursday, while the dollar sank to a nine-month low even after the Federal Reserve hiked interest rates, with markets betting that a U.S. economic slowdown will force the bank into reversing its hawkish stance this year. The Chinese yuan rose 0.4% and came close to a seven-month high against

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  • Vodafone Interim CEO Vows to ‘Do Better’ After Q3 Revenue Growth Slows

    Vodafone Interim CEO Vows to ‘Do Better’ After Q3 Revenue Growth Slows0

    in third-quarter revenue growth that stemmed from weak performance in key European markets. Organic growth in service revenue dropped to 1.8% year-on-year during the three-month period to December 31 to €9.52 billion (€1 = $1.0883), down from an increase of 2.5% in the prior quarter. The company said the slip was linked to declines in

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  • Asia FX Treads Water As Fed Meeting Looms, Dollar Inches Higher

    Asia FX Treads Water As Fed Meeting Looms, Dollar Inches Higher0

    Most Asian currencies moved little on Wednesday in anticipation of a Federal Reserve meeting, while the dollar crept higher as markets positioned for an interest rate hike and a potentially hawkish message from the central bank. The dollar firmed slightly against a basket of currencies, with the dollar index and dollar index futures advancing about

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  • UniCredit Hikes Payout Goal By 40% After Record Rofit

    UniCredit Hikes Payout Goal By 40% After Record Rofit0

    UniCredit pledged on Tuesday to return 5.25 billion euros ($5.69 billion) to investors based on its 2022 results after posting a record quarterly profit, as CEO Andrea Orcel works to meet his ambitious payout plans. Orcel, who has focused UniCredit on capital light businesses to maximise returns since taking over in April 2021, expressed confidence

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