Forex News

TikTok Plans To Operate E-commerce Fulfillment System In US

TikTok Plans To Operate E-commerce Fulfillment System In US

Social media app TikTok plans to operate U.S warehouses and product fulfillment centers to create its own e-commerce supply chain system, job listings on its website and LinkedIn indicate. TikTok reportedly began piloting a shopping feature last year in the U.S., Canada and the U.K. through a deal with Shopify.
RTTNews | 930 days ago
CAC 40 Edges Higher In Cautious Trade

CAC 40 Edges Higher In Cautious Trade

French stocks were a tad higher in choppy trade on Wednesday after data showed Eurozone industrial output rose strongly in August.
RTTNews | 930 days ago
Asian Shares Mixed As Growth Worries Linger

Asian Shares Mixed As Growth Worries Linger

Asian stocks ended mixed on Wednesday after recent string of losses on worries about slowing global growth and the impact of rising interest rates on corporate profits.
RTTNews | 930 days ago
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Pound Rebounds As BoE Chief Bailey Hints At Bond-buying Extension

Pound Rebounds As BoE Chief Bailey Hints At Bond-buying Extension

The pound erased its early losses against its major counterparts in the Asian session on Wednesday, following a media report that the Bank of England is considering an extension to emergency bond-buying program when it ends on Friday.
RTTNews | 930 days ago
Bank Of Korea Raises Key Rate By 50 Bps

Bank Of Korea Raises Key Rate By 50 Bps

South Korea's central bank lifted its key interest rates on Wednesday, citing tightening stance of the US Federal Reserve and stubbornly high inflation. The Monetary Policy Board of the Bank of Korea decided to raise the Base Rate by 50 basis points to 3.00 percent from 2.50 percent, as widely expected.
RTTNews | 930 days ago
European Economics Preview: UK GDP Data Due

European Economics Preview: UK GDP Data Due

Monthly GDP, industrial production and foreign trade reports from the UK are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP data for August. The economy is forecast to remain flat on month, following a 0.2 percent rise in July.
RTTNews | 930 days ago
Asian Markets Mostly Lower On Weak Global Cues

Asian Markets Mostly Lower On Weak Global Cues

Asian stock markets are mostly lower on Wednesday, following the broadly negative cues from global markets overnight, due to continuing concerns about rising interest rates and economic slowdown. A downward revision in the global economic growth forecast by the International Monetary Fund also weighed on the markets. Asian Markets closed mostly lower on Tuesday.
RTTNews | 930 days ago

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