Latest news with #ANZ
Time of India
3 hours ago
- Business
- Time of India
Oil up as demand expectations, economic data lift sentiment
Oil prices rose on Thursday, reversing declines in the previous three sessions, buoyed by stronger-than-expected economic data from the world's top oil consumers and signs of easing trade tensions . Brent crude futures rose 8 cents, or 0.1 per cent, to $68.60 a barrel at 0630 GMT. US West Texas Intermediate crude futures were up 16 cents, or 0.2 per cent, at $66.54. Both benchmarks fell more than 0.2 per cent in the previous session. US President Donald Trump has said letters notifying smaller countries of their US tariff rates would go out soon, and said on Wednesday that he would probably put a blanket 10 per cent or 15 per cent tariff on smaller countries. New agreements with Indonesia and Vietnam were announced this week. Trump also offered renewed optimism about prospects of a deal with Beijing on illicit drugs and hinted that a trade deal with India was very close, while an agreement could possibly be reached with Europe as well. "Trump softened tones on China and proposed lower tariff rates on smaller countries, which are seen as positive developments in the global trade outlooks," said independent analyst Tina Teng. "China's better-than-expected economic data and the US's larger-than-expected oil inventory draw have both been bullish factors for oil prices." US crude inventories fell by 3.9 million barrels to 422.2 million barrels last week, the Energy Information Administration said on Wednesday, a steeper decline than forecast for a 552,000-barrel draw, suggesting stronger refinery activity, tighter supply, and increased demand. However, larger-than-expected builds in gasoline and diesel inventories capped price gains. This raised concerns of weakening demand from summer travel, ANZ analysts said in a note on Thursday. The latest snapshot of the US economy by the central bank, released on Wednesday, showed activity picked up in recent weeks. However, the outlook was "neutral to slightly pessimistic" as businesses reported that higher import tariffs were putting upward pressure on prices. Meanwhile, China data showed growth slowed in the second quarter, but not by as much as previously feared, in part because of front-loading to beat US tariffs, easing fears over the state of the world's largest crude importer's economy. Data also showed that China's June crude oil throughput was up 8.5 per cent from a year ago, implying stronger fuel demand. "Support has come from the positive news pertaining to some easing of trade tensions between China and the US with President Trump lifting the ban on the sale of AI chips to China along with the announcement of a trade deal with Indonesia," said John Paisie, president of Stratas Advisors.
Business Upturn
5 hours ago
- Business
- Business Upturn
Sectigo Expands APAC Leadership as Industry Prepares for 47-Day SSL/TLS Certificates
By Business Wire India Published on July 17, 2025, 11:20 IST Business Wire India Sectigo, a global leader in digital certificates and automated Certificate Lifecycle Management (CLM), today announced a major expansion of its Asia-Pacific (APAC) leadership team to meet growing demand for enterprise-grade certificate management. The move comes as the industry accelerates toward 47-day SSL/TLS certificate lifespans and prepares for a post-quantum future. Ray Garnie has been appointed to the role of vice president of sales to lead Sectigo's APAC expansion, bringing over 15 years of experience in the technology and cybersecurity sectors. Throughout his career, Garnie has driven substantial business growth in the region, including spearheading sales strategies that generated $150 million in revenue. Garnie's expertise in aligning sales initiatives with innovative digital trust solutions positions him to effectively guide Sectigo's enterprise and partner sales efforts. His leadership will be instrumental as organizations seek robust, scalable CLM solutions like Sectigo Certificate Manager (SCM) to address the operational challenges posed by shortened certificate validity periods. 'With the industry's move to 47-day certificates now a reality, enterprises across APAC are seeking comprehensive solutions to automate and secure their digital identities,' said Garnie. 'As an industry leader, Sectigo is committed to empowering organizations in the region with best-in-class, CA-agnostic Certificate Lifecycle Management and local expertise. I look forward to getting started and leading this exceptionally talented team with over 55 years of combined experience in the PKI industry.' Joining Garnie in this strategic expansion: Sarabjeet Khurana will oversee operations and growth initiatives in India and the ASEAN region. Khurana brings over 30 years of experience in IT and cybersecurity, with a deep understanding of enterprise security, digital identity, and go-to-market strategies across India and Southeast Asia. As regional director, sales, India at Sectigo, Khurana will be dedicated to helping organizations build digital trust, secure identities, and navigate complex transformation journeys in one of the world's fastest-growing digital markets. Ryan Philp has been appointed to the position of regional sales director, Australia and New Zealand (ANZ) at Sectigo, where he will manage the ANZ region. Philp is a strategic leader with over 18 years of international B2B sales experience, specializing in SaaS, change management, and turnaround scenarios. He has successfully led sales teams across both EMEA and APAC regions, utilizing direct, channel, and hybrid go-to-market strategies to drive results. Gabriel Chan has been named Sectigo's APAC solutions engineer and will provide technical leadership and support for enterprise customers navigating the evolving digital trust landscape. Chan has a strong technical foundation and a passion for solving real-world security challenges in the PKI space. With hands-on experience in enterprise software, APIs, and infrastructure, his ability to translate complex technologies into practical business solutions has made him a trusted advisor to clients. Chan strives to make a meaningful impact by empowering organizations to build secure, scalable, and future-ready digital ecosystems. 'We're strategically investing in the APAC region to bring our world-class PKI solutions to a market that has long been underserved,' said Jairo Fraile, vice president of global partner sales at Sectigo. 'Until now, organizations in the region had limited options. With this expansion, we're giving customers and partners a stronger, more capable Certificate Lifecycle Management alternative backed by a proven team and trusted technology. As certificate lifespans shrink to 47 days, Sectigo is uniquely positioned to help enterprises in APAC modernize certificate management and strengthen digital trust.' Stay tuned for upcoming announcements that will further strengthen Sectigo's presence and offerings across APAC and visit today to learn how to prepare your organization for shorter SSL/TLS certificates. About Sectigo Sectigo is the most innovative provider of certificate lifecycle management (CLM), delivering comprehensive solutions that secure human and machine identities for the world's largest brands. Sectigo's automated, cloud-native CLM platform issues and manages digital certificates across all certificate authorities (CAs) to simplify and improve security protocols within the enterprise. Sectigo is one of the largest, longest standing, and most reputable CAs with more than 700,000 customers, six combined active seats in the CA/Browser Forum and ETSI, and two decades of delivering unparalleled digital trust. For more information, visit or follow us on LinkedIn. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same. Ahmedabad Plane Crash Business Wire India, established in 2002, India's premier media distribution company ensures guaranteed media coverage through its network of 30+ cities and top news agencies.
Free Malaysia Today
7 hours ago
- Business
- Free Malaysia Today
Dollar on shaky ground as markets fret over Fed's independence
Investors were concerned that Jerome Powell's early removal could harm the credibility of the US financial system and the safe-haven dollar. (Freepik pic) TOKYO : The dollar was on a fragile footing on Thursday having lost ground overnight as concerns US President Donald Trump was preparing to fire the Federal Reserve chair shook confidence in US markets. Trump denied reports he was planning to dismiss Fed Chair Jerome Powell, but he kept the door open to the possibility and renewed his criticism of the central bank chief for not lowering interest rates. Investors worry that removing Powell before his term ends in May 2026 would undermine credibility in the US financial system and the dollar as a safe-haven currency. And a more dovish Fed could lead to a return of inflation and negative real yields on Treasuries, said Mahjabeen Zaman, head of foreign exchange research at ANZ. 'If that comes to fruition, you're going to see a much weaker dollar than we're already expecting,' Zaman said in an ANZ podcast. 'Such an event, if that even does happen, it will raise questions for Fed independence and credibility, so I think it's only going to be an increase in volatility.' Trump has railed against Powell for months for not easing rates, which he says should be at 1% or lower. Bloomberg reported that the president is likely to fire Powell soon, and a source told Reuters that Trump polled some Republican lawmakers on firing Powell and received a positive response. Trump said that the reports were not true. 'I don't rule out anything, but I think it's highly unlikely unless he has to leave for fraud,' Trump said, a reference to recent White House and Republican lawmaker criticism of cost overruns in the US$2.5 billion renovation of the Fed's historic headquarters in Washington. The dollar index, which measures the greenback against major peers, was little changed at 98.384 after a 0.3% slide on Wednesday. The US currency ticked up 0.2% to 148.14 yen, after a 0.6% decline overnight. The euro stood at US$1.1632, down 0.01%. Sterling edged 0.1% lower to US$1.3409. Investors remain focused on tariffs ahead of an Aug 1 deadline when many trading partners face higher trade levies. Trump said on Wednesday the US will probably 'live by the letter' on tariffs with Japan and may have another trade deal coming up with India, following his announcement of an accord with Indonesia on Tuesday. In Japan, investors are focused on a potential power shift in upper house elections this weekend that could strain already frail finances, with long-dated yields soaring to all-time highs as the vote nears.
Business Recorder
7 hours ago
- Business
- Business Recorder
Dollar on shaky ground as markets fret about Fed independence
TOKYO: The dollar was on a fragile footing on Thursday having lost ground overnight as concerns US President Donald Trump was preparing to fire the Federal Reserve chair shook confidence in US markets. Trump denied reports he was planning to dismiss Fed Chair Jerome Powell, but he kept the door open to the possibility and renewed his criticism of the central bank chief for not lowering interest rates. Investors worry that removing Powell before his term ends in May 2026 would undermine credibility in the US financial system and the dollar as a safe-haven currency. And a more dovish Fed could lead to a return of inflation and negative real yields on Treasuries, said Mahjabeen Zaman, head of foreign exchange research at ANZ. 'If that comes to fruition, you're going to see a much weaker dollar than we're already expecting,' Zaman said in an ANZ podcast. 'Such an event, if that even does happen, it will raise questions for Fed independence and credibility, so I think it's only going to be an increase in volatility.' Trump has railed against Powell for months for not easing rates, which he says should be at 1% or lower. Bloomberg reported that the president is likely to fire Powell soon, and a source told Reuters that Trump polled some Republican lawmakers on firing Powell and received a positive response. Trump said that the reports were not true. 'I don't rule out anything, but I think it's highly unlikely unless he has to leave for fraud,' Trump said, a reference to recent White House and Republican lawmaker criticism of cost overruns in the $2.5 billion renovation of the Fed's historic headquarters in Washington. The dollar index, which measures the greenback against major peers, was little changed at 98.384 after a 0.3% slide on Wednesday. The US currency ticked up 0.2% to 148.14 yen, after a 0.6% decline overnight. The euro stood at $1.1632, down 0.01%. Sterling edged 0.1% lower to $1.3409. Investors remain focused on tariffs ahead of an August 1 deadline when many trading partners face higher trade levies. Trump said on Wednesday the US will probably 'live by the letter' on tariffs with Japan and may have another trade deal coming up with India, following his announcement of an accord with Indonesia on Tuesday. In Japan, investors are focused on a potential power shift in upper house elections this weekend that could strain already frail finances, with long-dated yields soaring to all-time highs as the vote nears.
CNBC
9 hours ago
- Business
- CNBC
Dollar on shaky ground as markets fret about Fed independence
The dollar was on a fragile footing on Thursday having lost ground overnight as concerns U.S. President Donald Trump was preparing to fire the Federal Reserve chair shook confidence in U.S. markets. Trump denied reports he was planning to dismiss Fed Chair Jerome Powell, but he kept the door open to the possibility and renewed his criticism of the central bank chief for not lowering interest rates. Investors worry that removing Powell before his term ends in May 2026 would undermine credibility in the U.S. financial system and the dollar as a safe-haven currency. And a more dovish Fed could lead to a return of inflation and negative real yields on Treasuries, said Mahjabeen Zaman, head of foreign exchange research at ANZ. "If that comes to fruition, you're going to see a much weaker dollar than we're already expecting," Zaman said in an ANZ podcast. "Such an event, if that even does happen, it will raise questions for Fed independence and credibility, so I think it's only going to be an increase in volatility." Trump has railed against Powell for months for not easing rates, which he says should be at 1% or lower. Bloomberg reported that the president is likely to fire Powell soon, and a source told Reuters that Trump polled some Republican lawmakers on firing Powell and received a positive response. Trump said that the reports were not true. "I don't rule out anything, but I think it's highly unlikely unless he has to leave for fraud," Trump said, a reference to recent White House and Republican lawmaker criticism of cost overruns in the $2.5 billion renovation of the Fed's historic headquarters in Washington. The dollar index, which measures the greenback against major peers, was little changed at 98.384 after a 0.3% slide on Wednesday. The U.S. currency ticked up 0.2% to 148.14 yen, after a 0.6% decline overnight. The euro stood at $1.1632, down 0.01%. Sterling edged 0.1% lower to $1.3409. Investors remain focused on tariffs ahead of an August 1 deadline when many trading partners face higher trade levies. Trump said on Wednesday the U.S. will probably "live by the letter" on tariffs with Japan and may have another trade deal coming up with India, following his announcement of an accord with Indonesia on Tuesday. In Japan, investors are focused on a potential power shift in upper house elections this weekend that could strain already frail finances, with long-dated yields soaring to all-time highs as the vote nears.
