Adidas Cut Ties
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U.S.-Japanese Rate Differential Is Too Large for Yen to Escape Hit
The interest-rate differential between the U.S. and Japan is too large to overcome to ease pressure on the yen, SEI said.The Wall Street Journal - World -
Japan used $59bn to prop up the yen but consumers may still cut back
Government interventions this week fail to ease concerns about plunging currencyFinancial Times - Business - Japan -
Fed and ECB divergence on rate cuts could spell trouble for the euro, economist says
The prospect of the ECB diverging from the Fed on rate cuts is likely to be "particularly negative" for the euro area, according to one economist.CNBC - Business - Federal Reserve -
German 10-Year Bund Yields Seen Finding New Range Above 2.5%
German Bunds seem to be establishing a new range above the 2.5% yield level in the 10-year maturity, with moves higher in yields offering entry opportunities to investors, Commerzbank Research said.The Wall Street Journal - World - Germany -
Colombia Will Sever Ties With Israel Over Gaza War
Gustavo Petro, Colombia’s first leftist president, made the announcement in front of cheering crowds in the capital that had gathered for International Workers’ Day.The New York Times - World - Israel -
Colombia breaks diplomatic ties with Israel but its military relies on key Israeli-built equipment
Colombia has become the latest Latin American country to announce it will break diplomatic relations with Israel over its military campaign in GazaABC News - World - Israel