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People’s Bank of China sets yuan reference rate at 6.7795 (vs. estimate at 6.7086) !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

GBP/USD inches higher after posting minor losses in the previous day, trading around 1.3520 during Asian hours on Monday. The currency pair gains ground as the US Dollar (USD) struggles, possibly driven by a Goldman Sachs report emphasizing that this week’s inflation data will be pivotal. Goldman Sachs expects a benign Consumer Price Index (CPI) reading to keep the Federal Reserve (Fed) on hold, even though August’s solid job numbers removed one key obstacle to a potential rate increase.According to the US Bureau of Labor Statistics (BLS), Nonfarm Payrolls (NFP) rose by 162,000 in August, easily beating market expectations of…

The USD/JPY pair struggles to capitalize on Friday’s modest bounce from the vicinity of early August lows and kicks off the new week on a softer note. Spot prices currently trade just below the 156.00 mark, though the downside remains cushioned amid mixed fundamental cues.The Japanese Yen (JPY) is underpinned by a more hawkish repricing of the Bank of Japan (BoJ) rate hike expectations and jitters over a potential official intervention. In fact, traders now seem to have fully priced in a 25 basis point (bps) rate hike at the next BoJ meeting on September 17–18 and see the possibility…

The EUR/USD pair posts modest gains near 1.1615 during the early Asian session on Monday. However, the potential upside for the major pair might be limited amid a stronger-than-expected U.S. August Nonfarm Payrolls (NFP) report. US markets are closed on Monday for Labour Day. US Nonfarm Payrolls (NFP) increased by 162,000 in August, compared to an upwardly revised rise of 21,000 in July, according to the US Bureau of Labor Statistics (BLS) on Friday. This figure came in stronger than expectations of 56,000. Additionally, the Unemployment Rate held steady at 4.1% in August. Financial markets boosted rate hike bets at the US Federal Reserve’s…

Lululemon est à la croisée des chemins. Entre chute des ventes, stocks en hausse et tensions internes, la marque de vêtements de yoga doit se réinventer.

A person on a scooter leaves the entrance to the U.S. Securities and Exchange Commission headquarters building on May 26, 2026, in Washington, DC. J. David Ake | Getty ImagesThe Securities and Exchange Commission sued Institutional Shareholder Services, seeking to force the influential proxy adviser to turn over information as the Trump administration steps up scrutiny of firms that help investors decide how to vote their shares.The SEC filed the subpoena-enforcement action Friday in the U.S. District Court for the Eastern District of Pennsylvania, saying ISS had refused to fully comply with an administrative subpoena seeking information about its proxy…

Investors pumped £278 million into funds in July, but sold off billions of pounds of equities amid domestic political uncertainty and global volatility.While some investors were spooked, fund flows narrowly remained positive according to the latest data from the Investment Association, an industry body representing the UK’s investment managers.Although on balance investors were confident in July, with more money invested than cashed out, the month’s figures are a sharp drop from the £3.6 billion inflow recorded in June. Try 6 free issues of MoneyWeek today Get unparalleled financial insight, analysis and expert opinion you can profit from. Start your trial…

AutomobilesJapanese automaker eyes software updates as key earnings driverToyota remodeled its RAV4 as a software-defined vehicle in 2025. The automaker hopes to generate more profits from software services and operations other than selling new cars. (Photo by Azusa Kawakami)Nikkei staff writersSeptember 7, 2026 06:57 JSTNAGOYA, Japan — Toyota Motor hopes to increase operating profit from sources other than new-car sales, such as software updates and vehicle leasing, by about 40% to reach 3 trillion yen ($19.2 billion) in fiscal 2030, Nikkei has learned.

Some corner offices come with a trapdoor. You can spot them by the turnover. The pay is enormous, the mandate is obvious, and the person holding the job keeps disappearing between annual reports. Investors eventually learn to price in the exit before it arrives. At Europe’s largest carmaker, the trapdoor has a name, and it is not China. It is not the electric vehicle transition, either, though both have done real damage to the balance sheet. It is a 20-seat supervisory board where workers hold half the votes, alongside a German state that owns a fifth of the company and…

The far-right Alternative for Germany was projected to win a strong victory in a regional election Sunday, but it wasn’t immediately clear whether it would be able to fulfill its ambition of forming the country’s first far-right state government since World War II. The party of German’s unpopular leader, Chancellor Friedrich Merz, was set for a disastrous result in the eastern state of Saxony-Anhalt. The anti-migration and Russia-friendly Alternative for Germany’s candidate for governor said that “we have written history.” Ulrich Siegmund, 35, told public broadcaster ARD that voters had sent a signal that “things cannot carry on like this” and…