US$ down as China woes seen restraining Fed
London
THE dollar fell to a 31/2-week low against a basket of currencies on Wednesday as more signs of economic weakness in China bolstered expectations the US Federal Reserve will wait longer before raising interest rates.
The Australian dollar stayed below two-month highs after subdued inflation data from China underpinned a growing view that the world's second-largest economy was losing momentum. China is a huge export market for Au…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tesla to accelerate launch of cheaper cars after sales miss
IBM is in advanced talks to acquire software provider HashiCorp
Microsoft launches lightweight AI model
Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand
Hotel Properties prices 5-year notes at 5.1%
Apple to hold launch event on May 7, with new iPads expected