Latest news with #geopoliticalUncertainty
Reuters
01-07-2025
- Business
- Reuters
Brainlab CEO in internal memo blames geopolitical uncertainties for putting IPO on ice
MUNICH, Germany, July 1 (Reuters) - The CEO of German medical technology firm Brainlab said on Tuesday that geopolitical uncertainties had prompted the decision to put on hold its planned initial public offering, adding that business in the last quarter looked positive. "We have to recognise that the current geopolitical uncertainties continue to have a significant impact on the international capital markets," wrote Rainer Birkenbach in an internal memo seen by Reuters, adding that at this time, an IPO did not offer optimal conditions for the company.
Bloomberg
23-06-2025
- Business
- Bloomberg
Trading Cryptocurrencies Like Hard Assets
Dan Morehead, Pantera Capital, Founder and Managing Partner, joined Open Interest to talk about trading cryptocurrencies during times of geopolitical uncertainty and fundraising for companies in the crypto space with loosening regulations. (Source: Bloomberg)
South China Morning Post
23-06-2025
- Business
- South China Morning Post
Hong Kong must grow despite persistent US-China trade tensions: Paul Chan
Challenges and volatility will persist despite a renewed trade truce between the US and China, Hong Kong's finance chief has warned, as he outlined his strategy to enable the city to navigate continued geopolitical uncertainties. In a media interview last Friday, Financial Secretary Paul Chan Mo-po also revealed his goal for the city to overtake Switzerland as the world's biggest asset and wealth management centre by 2027, as part of his plans to transform and diversify the economy in the remaining two years of his term. China and the United States in mid-June agreed 'in principle' on a framework to implement their trade truce after talks in London, with US President Donald Trump saying American tariffs would be set at 55 per cent to China's 10 per cent. But Chan said he expected uncertainty and volatility would be here to stay for Hong Kong. 'The geoeconomic segmentation and the US-China relationship will continue to be challenging in the coming years. There may be agreement for the short term, but there are bound to be ups and downs,' he said. 'We won't underestimate the challenges arising from this tense relationship.'
Free Malaysia Today
19-06-2025
- Business
- Free Malaysia Today
Ringgit closes lower ahead of US interest rate decision
KUALA LUMPUR : The ringgit ended lower against the greenback today, ahead of a decision on US interest rates later today and as the war between Israel and Iran continued to escalate. Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the key indicator to watch is the 'dot plot' of the US Federal Reserve (Fed) funds rate, which essentially reflects the near-term outlook for US monetary policy. The Fed dot plot is a chart used by the US federal open market committee (FOMC) to show the individual interest rate forecasts of its members. 'It appears that the Fed may not be keen to ease monetary policy, as the risk of higher inflation remains fairly evident with the ongoing conflict in the Middle East. 'Markets are bracing for the outcome of the FOMC meeting tonight,' he said. Meanwhile, the US Dollar Index (DXY) fell 0.3% to 98.526 points despite the heightened geopolitical uncertainty. Afzanizam noted that the ringgit moved within a tight range today, hovering between RM4.2425 and RM4.2515. At 6pm, the local currency stood at 4.2500/4.2550 versus the greenback compared to yesterday's close of 4.2390/4.2475. At the close, the ringgit traded mostly higher against a basket of major currencies. It rose against the British pound to 5.7218/5.7285 from 5.7413/5.7528, and gained vis-à-vis the euro to 4.8888/4.8945 from 4.8986/4.9084, but it depreciated versus the Japanese yen to 2.9322/2.9359 from 2.9271/2.9332 at yesterday's close. The ringgit was mostly lower against its Asean peers. It dipped versus the Indonesian rupiah to 260.5/260.9 from 260.2/260.8, eased against the Singapore dollar to 3.3074/3.3115 from 3.3068/3.3137, and was down vis-à-vis the Thai baht to 13.0240/13.0449 from 13.0114/13.0443 previously. However, it rose against the Philippine peso to 7.46/7.48 from 7.48/7.49 at yesterday's close.
Malay Mail
18-06-2025
- Business
- Malay Mail
Ringgit dips against greenback ahead of US Fed meeting as Middle East conflict rattles markets
KUALA LUMPUR, June 18 — The ringgit ended lower against the greenback on Wednesday ahead of a decision on US interest rates later today and as the war between Israel and Iran continued to escalate. At 6 pm, the local note stood at 4.2500/2550 versus the greenback compared to yesterday's close of 4.2390/2475. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the key indicator to watch is the 'dot plot' of the US Federal Reserve (Fed) funds rate, which essentially reflects the near-term outlook for US monetary policy. The Fed dot plot is a chart used by the US Federal Open Market Committee (FOMC) to show the individual interest rate forecasts of its members. 'It appears that the Fed may not be keen to ease monetary policy, as the risk of higher inflation remains fairly evident with the ongoing conflict in the Middle East. Markets are bracing for the outcome of the FOMC meeting tonight. Meanwhile, the US Dollar Index (DXY) fell 0.3 per cent to 98.526 points despite the heightened geopolitical uncertainty,' he told Bernama. Mohd Afzanizam noted that the ringgit moved within a tight range today, hovering between RM4.2425 and RM4.2515. At the close, the ringgit traded mostly higher against a basket of major currencies. It rose against the British pound to 5.7218/7285 from 5.7413/7528, and gained vis-à-vis the euro to 4.8888/8945 from 4.8986/9084, but it depreciated versus the Japanese yen to 2.9322/9359 from 2.9271/9332 at Tuesday's close. The ringgit was mostly lower against its Asean peers. It dipped versus the Indonesian rupiah to 260.5/260.9 from 260.2/260.8, eased against the Singapore dollar to 3.3074/3115 from 3.3068/3137, and was down vis-à-vis the Thai baht to 13.0240/0449 from 13.0114/0443 previously. However, it rose against the Philippine peso to 7.46/7.48 from 7.48/7.49 at yesterday's close. — Bernama
