Analysis-Megacap stocks keep lifting US market, but worries over their dominance grow
By Lewis Krauskopf NEW YORK (Reuters) – Earnings reports this week from five of the so-called Magnificent Seven stocks are putting a renewed focus on risks from the group’s outsize weighting in…
US factory booms strengthen MUFG’s dominance in project finance – senior exec
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – A U.S. factory construction boom driven by tax credits in the Inflation Reduction Act (IRA) is helping Mitsubishi UFJ Financial Group (MUFG) to…
Dollar unlikely to lose global dominance soon even as BRICS expand – note
LONDON (Reuters) – The dollar is unlikely to lose its status as the global reserve currency anytime soon, even as the expansion of the BRICS group of developing nations signals another challenge…
As More Countries Link Arms With China, Is US Dollar Dominance Truly At Risk?
As More Countries Link Arms With China, Is US Dollar Dominance Truly At Risk? Will Kessler on August 29, 2023 A growing number of major economies have recently criticized the status of…
Countries Unite Against Dollar Dominance At International Summit
Countries Unite Against Dollar Dominance At International Summit Jason Cohen on August 23, 2023 Several countries rallied against the U.S. dollar at the Brazil, Russia, India, China and South Africa (BRICS) summit…
Bolivia challenges global dollar dominance with Chinese yuan, Russian rouble
LA PAZ (Reuters) – Bolivia’s government is determined to curb dependence on the U.S. dollar for foreign trade, instead turning to the Chinese yuan, officials said, as Latin American support for alternative…
Samsung unveils new foldable phones to challenge Apple’s premium dominance
By Joyce Lee SEOUL (Reuters) – Samsung Electronics unveiled its latest foldable smartphones on Wednesday, keeping prices around the same level three years in a row as it seeks to challenge Apple’s…
‘Catastrophic’: Biden’s Policies Put US Dollar’s Global Dominance At Risk, Economists Say
‘Catastrophic’: Biden’s Policies Put US Dollar’s Global Dominance At Risk, Economists Say Jason Cohen on July 16, 2023 The policies of President Joe Biden’s administration are undermining the strength of the U.S.…
S&P Global’s top economist sees dollar dominance diminishing
LONDON (Reuters) – The dollar’s grip as the dominant global currency is loosening, credit rating agency S&P Global’s top economist said on Tuesday. Aggressive U.S. sanctions such as last year’s freezing of…
EU looks to take lead in metaverse world, avoid Big Tech dominance
By Foo Yun Chee BRUSSELS (Reuters) – The European Commission on Tuesday set out a plan in a bid to take the lead in the metaverse – shared virtual worlds accessible through…
Analysis: Decades of US corn export dominance fade as Brazil seizes top supplier crown
By Karl Plume CHICAGO (Reuters) – U.S. corn export dominance is fading in an increasingly competitive global marketplace as Brazil, aided by a new supply agreement with China, is set to out-ship…
Explainer-China’s rare earths dominance in focus after mineral export curbs
By Mai Nguyen (Reuters) – China said on Monday it will impose export restrictions on gallium and germanium products used in computer chips and other components to protect national security interests. The…
OPEC+ oil quota reform increases Gulf’s dominance
By Ahmad Ghaddar LONDON (Reuters) – Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman earlier this month outlined one of the biggest reforms at OPEC in recent years and presented it as…
Musk Meets With Chinese Foreign Minister As China’s EV Dominance Continues
Musk Meets With Chinese Foreign Minister As China’s EV Dominance Continues John Hugh DeMastri on May 30, 2023 Tesla CEO Elon Musk met with China’s Foreign Minister Qin Gang in Beijing to…
US dollar dominance to persist for decades despite challenges – Moody’s
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar’s dominance in international trade and finance will persist for decades despite new challenges and even when a more multipolar currency system…
‘Increasingly Under Siege’: How Interventionist Foreign Policy And A Rising China Threaten The Dollar’s Dominance
‘Increasingly Under Siege’: How Interventionist Foreign Policy And A Rising China Threaten The Dollar’s Dominance John Hugh DeMastri on April 7, 2023 Recent moves by the U.S. and foreign actors are increasingly…
European arms imports climb, U.S. dominance in exports grows – think tank
STOCKHOLM (Reuters) – European states increased their imports of major weaponry by 47% in the five years to 2022, while the United States’ share of global arms exports rose to 40% from…
India’s oil deals with Russia dent decades-old dollar dominance
By Nidhi Verma and Noah Browning NEW DELHI/LONDON (Reuters) – U.S.-led international sanctions on Russia have begun to erode the dollar’s decades-old dominance of international oil trade as most deals with India…
DEROY MURDOCK: China’s Dominance In One Market Could Literally Be The Death Of Us. Here’s How
DEROY MURDOCK: China’s Dominance In One Market Could Literally Be The Death Of Us. Here’s How Deroy Murdock on February 11, 2023 Imagine what would Joe Biden or a future president of…
Unilever’s dominance in India helps it raise prices, pinching rural poor
By Richa Naidu and Aditya Kalra LONDON/NEW DELHI (Reuters) – Unilever racked up strong sales growth in India last year on the back of sharp prices increases thanks to its dominant market…
DOJ poised to sue Google over digital ad market dominance – Bloomberg News
(Reuters) -The U.S. Justice Department is poised to sue Alphabet Inc’s Google as soon as Tuesday regarding its dominance over the digital advertising market, Bloomberg News reported on Monday, citing people familiar…
Putin says West’s desire for global dominance increases conflict risks
(Reuters) – Russian President Vladimir Putin on Friday said the West’s desire to maintain its dominance on the world stage was increasing the risks of conflict. “The potential for conflict in the…
‘Course Correction’: China Recalibrates Its Plan For World Dominance
‘Course Correction’: China Recalibrates Its Plan For World Dominance Micaela Burrow on September 27, 2022 China may be reining in its trillion-dollar investment initiative, aimed at spreading Chinese influence across the…
‘Stranglehold’: Tesla’s Battery Deals Highlight Chinese Dominance Of Crucial EV Materials
‘Stranglehold’: Tesla’s Battery Deals Highlight Chinese Dominance Of Crucial EV Materials Jack McEvoy on August 2, 2022 Tesla signed new contracts with two of its current Chinese battery material suppliers, Bloomberg reported…
Lack of alternatives set to drive dollar dominance: Reuters poll
By Hari Kishan BENGALURU – The dollar will retain most of its recent gains for at least another six months, according to a Reuters poll of FX strategists who for years mostly…
Biden Revoked Trump’s ‘Energy Dominance’ Agenda. Now It’s Coming Back To Haunt Him
Biden Revoked Trump’s ‘Energy Dominance’ Agenda. Now It’s Coming Back To Haunt Him Thomas Catenacci on May 2, 2022 President Joe Biden’s decision to reverse a series of Trump administration energy policies…
Breaking News
