News
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Avolta's first-half turnover rises 5.7% on strong travel spending
By Anastasiia Kozlova July 31 (Reuters) - Swiss travel and F&B retailer Avolta AVOL.S on Thursday reported a 5.7% organic rise in first-half turnover, driven by higher passenger traffic and increased spending per traveller despite currency headwinds.The company, which runs shops at airports, ...Reuters
Thu, Jul 31
EMERGING MARKETS-FX eye monthly fall as US tariff deadline looms; rand dips before rate decision
US inflation data, South Africa rate decision awaitedUS announces deals with South Korea, PakistanMSCI EM FX down 0.3%, stocks shed 0.8%By Ankita Yadav and Purvi Agarwal July 31 (Reuters) - Most emerging market currencies and stocks were lower on Thursday as markets digested more comments on U.S....Reuters
Thu, Jul 31
BOJ turns less gloomy on economy, keeps rate-hike chance alive
BOJ keeps short-term policy rate steady at 0.5%, as expectedBoard revises up price forecasts, tweaks view on risk balanceBOJ tones down warning on uncertainty over trade policyReport warns of second-round effect from rising food costsUeda says Japan making progress toward meeting price goalBy Leika ...Reuters
Thu, Jul 31
Big central bank rate cuts slow, tariffs and politics in focus
Fed keeps rates steady, traders now doubtful about September cut BOJ less gloomy on economy, supporting rate hike expectations Trade uncertainty stops Bank of Canada giving detailed forecasts By Alun John and Naomi Rovnick LONDON, July 31 (Reuters) - The pace of global rate cuts is slowing as the...Reuters
Thu, Jul 31
FOREX-Dollar set for first monthly gain of 2025; yen choppy after BOJ
BOJ revises up inflation forecasts; yen strengthens slightlyDollar buoyant with year's first monthly gain in sightFed reiterates patient approach on ratesSouth Korea to face 15% US tariffs, more trade deals awaitedBy Amanda Cooper LONDON, July 31 (Reuters) - The dollar headed for its first mo...Reuters
Thu, Jul 31
Strong franc takes bite out of cement maker Holcim's earnings
Company beats profit forecastResults held back by translation effect to strong Swiss francCompany gives first outlook after US spin-offBy John RevillZURICH, July 31 (Reuters) - Holcim HOLN.S became the latest Swiss company to see the strong Swiss franc take a bite out of its figures when the buildin...Reuters
Thu, Jul 31
USD/JPY: Squeeze continues; watch BoJ – OCBC
USD/JPY built on momentum to trade higher. Another round of rebound in USD, following market disappointment with Fed outcome was the latest trigger to fuel the upmove. Pair was last at 149.66, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Fxstreet
Thu, Jul 31
Italy's Prysmian sees stronger U.S. pricing, margins after new copper tariff scheme
Sees FY adjusted EBITDA at 2.3-2.375 billion eurosCash generation seen at 1-1.075 billion euros in 2025Channell consolidated into group at beginning of JuneAdjusted EBITDA rose 32% in Q1, topping consensus MILAN, July 31 (Reuters) - Italy's Prysmian will benefit from the new copper tariff se...Reuters
Thu, Jul 31
