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British Pound struggles despite easing risk aversion

GBP/USD holds losses after three days of gains, trading around 1.3470 during the Asian hours on Monday. The currency pair may regain its footing as the US Dollar (USD) struggles under easing risk aversion, driven by hop…

Finance

What does the China reset mean for the Nike business?

Sports-related products are the fastest growing consumer category in China and participation in sports and exercise is at its highest level in decades. The overall sportswear market has ballooned 51% in the past five ye…

Finance

BYD’s sales rise for third month, buoyed by exports

[BEIJING] Chinese electric vehicle maker BYD posted a second consecutive month of global sales growth in June, as a surge in exports helped offset weak demand in its home market.

Finance

Russia pounds Kyiv with missiles, killing at least three

KRYVIY RIH, Ukraine -- A Russian ballistic missile strike hit a home in the village of Radushne in Ukraine's southeastern Dnipropetrovsk region, killing almost an entire family, as Ukrainian officials reported at least …

Finance

Euro recovers as Eurozone inflation stays firm

EUR/USD trades near the 1.1530 area during Friday's American session, consolidating after a strong rally off intraday lows. The Euro found support from resilient Eurozone inflation data, although gains remain capped as …

Finance

Gold slides as US yields surge, keeping $4,100 out of reach

Gold price tumbles nearly 1.50% on Friday as the US Dollar recovers some ground after Japanese authorities intervened in the foreign exchange markets a day ago, driving the Greenback to a 30-day low before recovering, a…

Finance

The Japanese Yen has a second buyer nobody will name

Thursday's record Yen defence is the story everyone has written. Friday is the one that matters, because the Dollar has been sold in three separate lurches since the Tokyo morning, nobody has claimed any of them, and th…

Finance

Australian Dollar holds despite weak Chinese PMIs

AUD/USD trades around the 0.7020 area during Friday's American session. The pair remains under mild pressure as disappointing Chinese business activity data offsets stronger Australian inflation expectations, while rene…