News
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Mexican tequila maker Cuervo pockets more profit on weaker peso, despite volume dip
MEXICO CITY, April 29 (Reuters) - Becle CUERVO.MX, the world's largest tequila producer, on Tuesday reported a first-quarter profit up 15% from a year earlier, pulling in more pesos due to the currency's weakening despite moving less product in the period.Becle's net profit hit 1.16 bill...Reuters
Tue, Apr 29
EUR/JPY Price Analysis: Bullish Momentum Holds Despite Minor Dip Before Asia
In the lead-up to Tuesday's Asian trading session, EUR/JPY has seen a minor decline, trading near the 162.00 mark. Despite a sell signal from one momentum indicator, the broader technical landscape suggests underlying bullish strength, supported by several key moving averages.
Fxstreet
Tue, Apr 29
AUD/NZD: Bearish signals emerge ahead of Asia open
The AUD/NZD has experienced some downward pressure, hovering near the 1.07 zone on Tuesday. Despite mixed signals from some momentum indicators, the longer-term technical picture appears to favor the bears, with several moving averages reinforcing this sentiment.
Fxstreet
Tue, Apr 29
UK sets out new rules for crypto as it aligns with US on approach
Crypto exchanges and dealers to come under UK finance regulationCrypto expected to meet similar rules to mainstream financeReeves vows close cooperation with United StatesAround 12% of UK adults own or have owned crypto assetsBy David Milliken and Tommy Reggiori Wilkes LONDON, April 29 (Reuters) ...Reuters
Tue, Apr 29
FOREX-US dollar regains poise on easing trade worries, month-end buying
Euro/dollar on pace for largest monthly rise since November 2022 Trump to ease impact of auto tariffsUS JOLTS data shows sharp drop in MarchUS consumer confidence sinks in AprilBy Gertrude Chavez-Dreyfuss NEW YORK, April 29 (Reuters) - The U.S. dollar advanced on Tuesday, lifted by the Trump admi...Reuters
Tue, Apr 29
CANADA FX DEBT-Canadian dollar edges lower in calm reaction to minority government
Canadian dollar falls 0.2% against the greenbackTrades in a range of 1.3809 to 1.3871Price of U.S. oil declines 2.4%Bond yields ease across the curveBy Fergal Smith TORONTO, April 29 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Tuesday, but the move was modest as inves...Reuters
Tue, Apr 29
Argentina's FX rates converge as Milei seeks stronger peso
BUENOS AIRES, April 29 (Reuters) - Argentina's foreign exchange rates converged on Tuesday to their closest points since 2019 following the recent easing of the country's exchange rate policy and an agreement with the International Monetary Fund. The gap between the official and the black ma...Reuters
Tue, Apr 29
EUR/CAD Price Analysis: Euro steadies against Canadian Dollar despite minor pullback
The EUR/CAD was seen trading around the 1.5800 zone after the European session on Tuesday, showing little movement on the day after a slight decline. Despite the minor dip, the overall technical setup stays bullish.
Fxstreet
Tue, Apr 29
FOREX-US dollar recovers on easing trade tension, prospect of tariff deals
Dollar on pace for largest monthly fall vs euro since November 2022 Yen to gain from widening rate gap as central banks cutTrump seeks to ease impact of auto tariffsUS JOLTS data shows sharp drop in MarchUS consumer confidence sinks in AprilBy Gertrude Chavez-Dreyfuss and Stefano Rebaudo NEW YORK...Reuters
Tue, Apr 29
UK sets out new crypto rules, date for wider financial services strategy
LONDON, April 29 (Reuters) - British finance minister Rachel Reeves announced on Tuesday that the government was setting out new draft legislation for regulating crypto assets and would give a broader financial services strategy on July 15."Financial services is one of the key growth-driving sec...Reuters
Tue, Apr 29
China's largest airlines deepen losses in first quarter as competition, US tariffs to weigh
By Lisa Barrington and Sophie Yu BEIJING, April 29 (Reuters) - China's three biggest airlines reported deeper first-quarter losses on Tuesday from the same period a year ago, amid intensifying competition and economic pressures on consumers, and a worsening trade war with the United State...Reuters
Tue, Apr 29
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Tuesday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0% lower at C$1.3831 to the greenback, or 72.3 U.S. cents, after trading in a range of 1.3809 to 1.3871.Canadian government 10-year bond yields CA10YT=RR ros...Reuters
Tue, Apr 29
COLUMN-Why China won't 'weaponize' its U.S. Treasuries stash: McGeever
By Jamie McGeeverORLANDO, Florida, April 29 (Reuters) - China's 'nuclear' option in its financial war with the United States has long been assumed to be rapidly liquidating its outsized Treasury bond holdings, as this could crash the dollar, jack up interest rates and disrupt the U.S. ec...Reuters
Tue, Apr 29
Phoenix Group Adds 52 Megawatts Of Bitcoin Mining Capacity In Ethiopia
April 29 (Reuters) - Phoenix Group PLC PHX.AD:PHOENIX GROUP ADDS 52 MEGAWATTS OF BITCOIN MINING CAPACITY IN ETHIOPIA, INCREASING TOTAL GLOBAL OPERATIONAL CAPACITY TO OVER 500 MEGAWATTSPHOENIX GROUP PLC - PHASE 2 TO ADD 32 MW BY END OF Q2 2025Reuters
Tue, Apr 29
American Tower beats quarterly revenue estimate on strong telecom infrastructure leasing demand
April 29 (Reuters) - Wireless infrastructure provider American Tower AMT.N on Tuesday beat the first-quarter revenue estimate, driven by steady demand for its leasing business.As competition heats up in the telecommunications market, wireless players in the United States are enhancing their 5G solut...Reuters
Tue, Apr 29
China's vice premier calls for calm response to external changes, Xinhua reports
BEIJING, April 29 (Reuters) - China's vice premier He Lifeng on Tuesday called on financial regulators and institutions to "calmly" analyse and respond to recent developments and changes in the external environment, state-run Xinhua reported.In a meeting in Shanghai, He called for the st...Reuters
Tue, Apr 29
Talanx set to beat consensus in Q1
By Scott VincentApril 29 - (The Insurer) - Talanx expects to report consolidated net income of 604 million euros ($687 million) when it publishes first-quarter results on May 15, the German holding company said on Tuesday.The result is ahead of the company-compiled analyst consensus of 467 million e...Reuters
Tue, Apr 29
FOREX-Dollar on track for biggest two-month fall in more than two decades
Dollar still weak as investors fret over Sino-U.S. trade warTrump set to reduce the impact of automotive tariffsYen to gain from widening rate gap as central banks cutBy Stefano Rebaudo April 29 (Reuters) - The dollar edged up on Tuesday but was on track for its biggest two-month fall in more...Reuters
Tue, Apr 29
