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GLOBAL ECONOMY-Manufacturing weakens in Europe, Asia on faltering demand and tariff uncertainties
Euro zone factory activity contracted in NovemberAsia's manufacturing declines amid sluggish demand and global uncertaintiesChina's factory activity contracts slightly as PMI slips to 49.9By Hari Kishan and Sam Holmes Dec 1 (Reuters) - Manufacturing was weak in Europe and Asia's bigge...Reuters
Mon, Dec 1
Airbus says most of its recalled 6,000 A320 jets now modified
Airbus recalled 6,000 A320-family jets to change software JetBlue incident had revealed vulnerability to solar flares Software fix causes less weekend disruption than fearedAirbus handling underscores PR shift since Boeing MAX crisisAirbus shares down 2.9%, Thales 2% lowerBy Tim Hepher, Allison Lamp...Reuters
Mon, Dec 1
ByteDance rolls out AI voice assistant for Chinese smartphones
BEIJING, Dec 1 (Reuters) - Chinese tech giant ByteDance said on Monday it is launching an artificial intelligence voice control tool that will debut on a smartphone made by ZTE Corp 000063.SZ, before becoming available on phones from other manufacturers in due course.The...Reuters
Mon, Dec 1
BOJ to consider rate hike in December, governor says; yen, yields rise
BOJ to weigh 'pros and cons' of rate hike in December, Ueda saysRate hike is easing of accelerator, not applying brakes -UedaYen, bond yields rise as markets raise bets of December hikeBOJ to offer more clarity on distance from neutral rate after hike to 0.75% -UedaBy Leika Kihara NAGOYA,...Reuters
Mon, Dec 1
Yen rises on BOJ rate hike prospect; dollar braces for crucial December
SINGAPORE, Dec 1 (Reuters) - The yen rose on Monday, helped by comments from Bank of Japan Governor Kazuo Ueda who left the door open to a near-term rate hike, while the dollar began the month on the back foot as investors ramped up bets of a U.S. rate cut this month.Reuters
Mon, Dec 1
Amazon and Google launch multicloud service for faster connectivity
Nov 30 (Reuters) - Amazon AMZN.O and Google GOOGL.O introduced a jointly developed multicloud networking service on Sunday to meet growing demand for reliable connectivity the companies said in a statement, at a time when even brief internet disruptions can cause major outages.The initiative will en
Reuters
Mon, Dec 1
EUR/JPY weakens below 180.50 as BoJ's Ueda hints at rate hike
The EUR/JPY cross attracts some sellers near 180.45 during the early European session on Monday. The Japanese Yen (JPY) strengthens against the Euro (EUR) due to the latest comments from Bank of Japan (BoJ) Governor Kazuo Ueda.
Fxstreet
Mon, Dec 1
Stellantis car production in France set for 11% drop by 2028, FT reports
Dec 1 (Reuters) - Production at Stellantis' STLAM.MI French factories is set to drop over the next three years, the Financial Times reported on Monday. The number of units being produced at the company's five assembly factories in France is predicted to fall by 11% between 2025 and 2028, the...Reuters
Mon, Dec 1
Taiwan seeks tariffs cut to 15% in US trade deal
TAIPEI, Dec 1 (Reuters) - Taiwan is aiming for tariffs on its exports to the United States to be cut to 15% from 20% now, though help in training U.S. workers is not among the "conditions" figuring in their trade talks, senior Taiwan officials said on Monday.A major semiconductor producer, T...Reuters
Mon, Dec 1
Gold Price Forecast: XAU/USD extends the rally above $4,200 as Fed rate cut bets grow
Gold price (XAU/USD) trades in positive territory near $4,230 during the early Asian trading hours on Monday. The precious metal edges higher amid growing speculation that the US Federal Reserve (Fed) may cut interest rates in December.Fxstreet
Mon, Dec 1
Tether CEO hits back at S&P and critics casting doubt on USDT
Tether CEO Paolo Ardoino has strongly criticized S&P Global and critics, dismissing the agency’s assessment as based on “outdated legacy models. He argued that the downgrade of the stablecoin’s rating was based on incomplete information and did not accurately reflect the company’s real financial strength. Ardoino insisted that S&P had failed to fully take into account Tether’s […]Cryptopolitan
Mon, Dec 1
Bitcoin Collapse Accelerates as Gains Vanish and Sellers Take Full Control
Bitcoin price started a fresh decline from $92,000. BTC is down over 5% and the bulls are struggling to keep the price above $86,500. Bitcoin started a fresh decline below the $90,000 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There was a break below a key bul...NewsBTC
Mon, Dec 1
Chicago soybeans edge higher as China keeps buying US cargoes
BEIJING, Dec 1 (Reuters) - Chicago soybean futures inched higher on Monday, as China continued to book U.S. cargoes after Washington and Beijing struck a trade truce in late October. Wheat firmed despite abundant global supplies, while corn remained steady. FUNDAMENTALSThe most-active soybean contra...Reuters
Mon, Dec 1
Silver Price Forecast: XAG/USD rises to record high above $57.50, overbought RSI may limit gains
Silver price (XAG/USD) climbs to a fresh record high near $57.60 during the Asian trading hours on Monday. Silver has surged following the report about an outage on the Comex due to what the exchange operator CME calls a “cooling system failure.”
Fxstreet
Mon, Dec 1
Asian stocks steady on Fed rate-cut optimism; yen firms
Investors bet on US rate cut this month Yen perks up on hopes of rate hike Economic data this week to take centre stage By Ankur Banerjee SINGAPORE, Dec 1 (Reuters) - Asian stocks made a steady start on Monday to the final month of 2025 as U.S. rate-cut optimism lifted risk sentiment ahead of eco...Reuters
Mon, Dec 1
Japan's Nikkei falls as JGB yields, yen rise on rate-hike bets
By Junko Fujita TOKYO, Dec 1 (Reuters) - Japan's Nikkei share average fell on Monday after a four-session winning run, as government bond yields rose and the yen firmed on growing bets of a December interest rate hike.The Nikkei .N225 fell 1.68% to 49,407.31 by the midday break, starting the ...Reuters
Mon, Dec 1
WTI jumps to near $59.30 as OPEC+ agrees to halt Oil supply hikes
West Texas Intermediate (WTI) futures on NYMEX trade 1.7% higher around $59.30 during the Asian trading session on Monday. The Oil price attracts significant bids at open as the OPEC+ agrees to halt the Oil output increase from the first quarter of 2026.
Fxstreet
Mon, Dec 1
Asia's factories stumble as US trade deals fail to revive demand
Asia's manufacturing declines amid sluggish demand and global uncertaintiesChina's factory activity contracts despite rise in new export ordersEmerging markets like Indonesia and Vietnam show strong factory activity Dec 1 (Reuters) - Asia's manufacturing powerhouses struggled with slu...Reuters
Mon, Dec 1
