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METALS-London copper climbs, Trump raises fresh tariff fears
NEW DELHI, Feb 26 (Reuters) - London copper was slightly higher on Wednesday, but gains were kept in check as caution prevailed after U.S. President Donald Trump ordered a probe into potential new tariffs on copper imports, aimed at boosting U.S. production.Reuters
Wed, Feb 26
New Phishing SMS scam related to the Bybit hack now targets the Binance exchange clients
Web3 enthusiast and crypto entrepreneur Joe Zhou has flagged a new phishing SMS message scam related to the Binance exchange. According to the victim, the hacker sent an SMS message from the usual Binance number, where he typically receives verification codes, and attempted to lure him into...
CICC to merge with Galaxy Securities to form China's No.3 brokerage, say sources
State-owned China International Capital Corp (CICC) 3908.HK is set to merge with its peer China Galaxy Securities 6881.HK, said five sources, in a deal that would create the country's third-largest brokerage with $193 billion in assets.
Hong Kong to slash 10,000 civil service jobs, push AI in bid to reverse deficit
10,000 civil service jobs to be cut before 2027, public sector pay freezeGovernment aims for 7% expenditure cut by 2027-28GDP forecast to grow 2-3 percent this yearGeopolitics to "bring challenges" to HK economyAdds analyst quote, GDP figures, market reactionBy Jessie Pang and Clare Jim H...Reuters
Wed, Feb 26
Is the "Tesla Killer" Lucid Rising? Expected to Double Production in 2025 and Unexpected CEO Change
Amid fluctuations in Tesla's (TSLA.US) sales, stock price, and reputation, Lucid (LCID.US), a fierce rival, is gradually recovering from its losses in vehicle manufacturing. The company optimistically expects to double its production of pure electric vehicles in 2025.TradingKey
Wed, Feb 26
An Inverted Yield Curve Returns: Can’t Trump Boost the US Economy?
Unlike the scenario of a soft landing seen last year, the recent spate of weak economic data has led Wall Street to begin discussing a potential economic recession and the Federal Reserve's possible recessionary rate cuts.TradingKey
Wed, Feb 26
Geely's Swedish brand to launch hybrid SUV with longest electric range in Europe
Feb 26 (Reuters) - Geely-owned Lynk & Co will launch a plug-in hybrid SUV in June with the longest electric range in Europe, the Swedish premium car brand said on Wednesday, adding to growing competition in the continent's hybrid and electric car market.Reuters
Wed, Feb 26
Euro zone bond yields edge up from week-lows
Feb 26 (Reuters) - Euro zone government bond yields edged up on Wednesday from their lowest level in over a week, as traders continued to weigh the prospect of increased European defence spending, while digesting a rebound in U.S. Treasury yields.Reuters
Wed, Feb 26
Pound Sterling weakens against US Dollar as Trump’s tax agenda advances
The Pound Sterling (GBP) declines to near 1.2640 against the US Dollar (USD) in European trading hours on Wednesday. The GBP/USD pair faces selling pressure as the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, has shown a strong recovery move...
Fxstreet
Wed, Feb 26
PRECIOUS-Gold eases on firmer dollar, Trump tariff plans in focus
Long-term outlook for gold remains firm to cross $3,100, analyst saysTrump orders new probe into potential tariffs on US copper importsMarkets await US PCE data due on FridayUpdates with market trading lowerBy Anushree Mukherjee Feb 26 (Reuters) - Gold prices dipped on Wednesday as the dollar tic...Reuters
Wed, Feb 26
USD/CHF strengthens to near 0.8950 despite weak US economic data, tariff worries
The USD/CHF pair edges higher to near 0.8950, snapping the four-day losing streak on Wednesday during the early European trading hours. The US Dollar (USD) recovers from an 11-week low despite weak US economic data and tariff worries from US President Donald Trump.
Fxstreet
Wed, Feb 26
Japan's Nikkei touches 4-month low on US economic outlook woes, stronger yen
TOKYO, Feb 26 (Reuters) - Japan's Nikkei share average fell to a four-month low on Wednesday amid worries about the U.S. economic outlook and a stronger yen, but trimmed its losses by the close as investors sought to buy back cheap stocks.
Reuters
Wed, Feb 26
METALS-London copper trims early gains on stronger dollar, US tariff fears
Recasts paragraph 1, updates prices NEW DELHI, Feb 26 (Reuters) - London copper gave up some early gains on Wednesday, weighed down by a stronger dollar and as caution prevailed after U.S. President Donald Trump ordered a probe into potential new tariffs on copper imports, aimed at boosting U.S. ...Reuters
Wed, Feb 26
German consumer sentiment unexpectedly worsens in March, GfK finds
BERLIN, Feb 26 (Reuters) - German consumer sentiment is set to darken heading into March, bucking expectations for a slight improvement, as households keep a wary eye on the economic and political situation in Europe's biggest economy, a survey indicated on Wednesday.Reuters
Wed, Feb 26
US dollar lifts from 11-week low despite soft economic data, tariff worries
TOKYO, Feb 26 (Reuters) - The U.S. dollar pulled off an 11-week low versus major peers on Wednesday, helped by a rebound in short-term Treasury yields even as a run of weak economic data weighed on investor sentiment. The Canadian dollar slipped to a two-week low and the Mexican peso was weaker...Reuters
Wed, Feb 26
