- Reuters
Where king dollar is causing pain the most
Its latest rally, following stronger-than-expected March inflation numbers that pushed back U.S. rate cut bets even further, highlights how sensitive currency markets are to relative interest rate changes. "We track investor flows, and the dollar buying since the CPI release has been strong," said Tim Graf, head of macro strategy for Europe at State Street Global Markets. One dollar is worth just under 155 yen, its strongest since 1990, and Japan has warned that it might start buying yen to support its value.
- The Telegraph
Five migrants die crossing Channel
At least five migrants have died after their dinghy capsized in an attempt to cross the English Channel, French media reported on Tuesday.
- Footwear News
JD Sports to Add Alabama-based Hibbett to Growing U.S. Portfolio
LONDON – British sneaker and athletics giant JD Sports Fashion is set to acquire the Birmingham, Alabama-based retailer Hibbett, part of its efforts to dig deeper into the U.S. market. JD Sports said Tuesday it plans to acquire 100 percent of Hibbett, which is quoted on the Nasdaq, for a price of $87.50 per share, …
