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PRESS DIGEST - Wall Street Journal - Aug 22
Aug 22 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- Australia’s buy-now-pay-later provider Zip ZIP.AX eyes U.S. listing is response to interest from large U.S. investors seeking greater exposu...Reuters
Fri, Aug 22
US Dollar Index rises to near 99.00 on fading Fed rate cut odds, Powell’s speech awaited
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive session and trading around 98.80 during the Asian hours on Friday.Fxstreet
Fri, Aug 22
J&J to invest $2 billion to boost US manufacturing as drug tariffs loom
Aug 21 (Reuters) - Johnson & Johnson JNJ.N said on Thursday it would invest $2 billion in North Carolina as it aims to expand its U.S. manufacturing presence amid looming drug import duties proposed by President Donald Trump's administration.Major drugmakers, including Eli Lilly LLY.N and As...Reuters
Fri, Aug 22
USD/CAD hits fresh three-month highs above 1.3900, focus on Fed Powell’s speech
USD/CAD remains stronger for the fourth successive session, reaching a three-month high at 1.3915 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) gains ground amid easing odds of a Federal Reserve (Fed) interest rate cut in September.
Fxstreet
Fri, Aug 22
Japan's core inflation slows in July, stays above BOJ target
July nationwide core CPI +3.1% yr/yr, versus +3.0 forecastIndex excluding fresh food, fuel rises 3.4% yr/yr in JulySolid GDP data, trade deal bolstering the case for rate hikesPoll shows nearly two-thirds of economists expect Q4 rate hikeBy Makiko Yamazaki TOKYO, Aug 22 (Reuters) - Japan's co...Reuters
Fri, Aug 22
Japan's 10-year yields hit 17-year peak ahead of Powell speech
TOKYO, Aug 22 (Reuters) - Japanese 10-year government bond yields rose to a fresh 17-year peak on Friday, tracking a rise in U.S. Treasury yields as investors braced for a speech by Federal Reserve Chair Jerome Powell at the U.S. central bank's Jackson Hole symposium.Reuters
Fri, Aug 22
WRAPUP 2-Fed officials lukewarm on September rate cut as markets await Powell speech
Inflation concerns tied to tariffs complicate rate-cut outlookMarkets put chance of Fed rate cut next month at 70%Investors hope for clear signal from Fed chief Powell on FridayBy Michael S. Derby and Howard Schneider NEW YORK/JACKSON HOLE, Wyoming, Aug 21 (Reuters) - Federal Reserve officials ap...Reuters
Thu, Aug 21
South Korea turns to culture in search of next fillip for growth
Entertainment companies expand business in new marketsPresident vows 'big-five soft power' amid growing protectionismCultural exports triple over decade, bringing 'quality' jobsExperts say government support key to long-term successBy Jihoon Lee SEOUL, Aug 22 (Reuters) - South Kor...Reuters
Thu, Aug 21
Fed’s Collins signals openness to rate cut as soon as next month
Federal Reserve (Fed) Bank of Boston President Susan Collins signaled openness to a rate cut as soon as Septemebr, citing tariff pressures and potential labor market weakness despite near-term inflation risks, the Wall Street Journal reported on late Thursday.Fxstreet
Thu, Aug 21
