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Upside bias against US Dollar – UOB

United Overseas Bank’s Quek Ser Leang and Lee Sue Ann highlight a sharp USD/CNH drop to 6.7691, shifting the short-term bias to the downside. They see scope for further weakness, though the 6.7600 support is unlikely to be reached immediately. Over 1-3 weeks, the pair is expected to trade with…

Buffett excludes Gates Foundation from stock gifts, directs billions to family foundations

Warren Buffett said that it didn’t come as a surprise when he told Bill Gates about his decision to stop donating to the Gates Foundation after partnering on the group’s philanthropic initiatives for two decades. Buffett, 95, didn’t include the Gates Foundation when he announced the donation of almost $6 billion of Berkshire Hathaway stock on Tuesday, a move which follows revelations about interactions between Gates, the co-founder of Microsoft, and late sex offender Jeffrey…

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