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Euro rebounds ahead of major eurozone data
Euro rebounds ahead of major eurozone data
Oct 27, 2024
The euro rose in European trade on Thursday against a basket of major rivals after a wave of losses across three sessions, with the euro eventually settling above 3-⅕ month lows against the US dollar. It comes ahead of major data on the eurozone sectors later today, which would shed important light on the health of the European economy in...
Aussie skids to 2-1/5 month low as inflation cools
Aussie skids to 2-1/5 month low as inflation cools
Oct 30, 2024
The Australian dollar tumbled in Asian trade on Wednesday to 2-⅕ month lows against the US dollar, sharpening the decline for the fourth straight session after inflation in Australia cooled to three-year lows, reducing the pressure on the Reserve Bank of Australia. The new data boosted the odds of an interest rate cut by the RBA in December, as investors...
Euro hits one-week high ahead of German inflation data
Euro hits one-week high ahead of German inflation data
Oct 30, 2024
Euro rose in European trade on Wednesday on track for the third profit in a row against the US dollar, hitting a week high after data showed Spanish inflation rose past estimates in October, renewing the pressure on the European Central Bank. The odds of a 0.25% ECB interest rate cut in December dipped, with investors now waiting for official...
Yen skids to three-month trough as Japanese governing coalition loses majority
Yen skids to three-month trough as Japanese governing coalition loses majority
Oct 28, 2024
The Japanese yen skidded in Asian trade on Monday to three-month lows against the US dollar, after the election loss by the current Japanese parliamentary governing coalition, which could impede future interest rate hikes by the Bank of Japan. The yen is also pressured by a surge in US 10-year treasury yields, amid speculation about a cautious stance by the...
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Sector Update: Consumer Stocks Advance in Afternoon Trading
Sector Update: Consumer Stocks Advance in Afternoon Trading
Feb 10, 2025
01:51 PM EST, 02/10/2025 (MT Newswires) -- Consumer stocks rose Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.6%. In corporate news, Hyatt Hotels ( H ) agreed to buy Playa Hotels & Resorts ( PLYA ) for $2.6 billion, including $900 million of debt....
Sector Update: Financial Stocks Decline Monday Afternoon
Sector Update: Financial Stocks Decline Monday Afternoon
Feb 10, 2025
01:51 PM EST, 02/10/2025 (MT Newswires) -- Financial stocks fell in Monday afternoon trading, with the NYSE Financial Index down 0.4% and the Financial Select Sector SPDR Fund (XLF) off 0.8%. The Philadelphia Housing Index rose 0.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was steady. Bitcoin (BTC-USD) increased 0.7% to $97,110, and the yield for 10-year US...
Sector Update: Tech Stocks Mixed in Afternoon Trading
Sector Update: Tech Stocks Mixed in Afternoon Trading
Feb 10, 2025
01:55 PM EST, 02/10/2025 (MT Newswires) -- Tech stocks were mixed Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.6% and the SPDR S&P Semiconductor ETF (XSD) shedding 1%. The Philadelphia Semiconductor index rose 1.6%. In corporate news, Monday.com ( MNDY ) shares jumped 31% after the company reported Q4 results that beat market expectations. Microsoft (...
Sector Update: Health Care Stocks Retreat Monday Afternoon
Sector Update: Health Care Stocks Retreat Monday Afternoon
Feb 10, 2025
02:02 PM EST, 02/10/2025 (MT Newswires) -- Health care stocks were lower Monday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each shedding about 0.4%. The iShares Biotechnology ETF (IBB) fell 1%. In corporate news, Spingworks Therapeutics (SWTX) shares jumped over 36%. The company is in advanced talks to be acquired by...
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Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
How Zara and H&M are trying to clean up fast fashion's messy carbon footprint — are they serious about it
How Zara and H&M are trying to clean up fast fashion's messy carbon footprint — are they serious about it
Sep 18, 2023
Fast fashion retailer H&M is all set to sell second-hand clothes at its Regent Street flagship store in UK from October — offering items that are 'ready to be loved again.' Zara also recently launched its online second-hand service in France, having trialled it in Britain since November last year. But are these 'green initiatives' for real, or just some more greenwashing? CNBC TV18 gives a macro view.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Cups are disposable, the environment is not: Starbucks’ green realisation
Cups are disposable, the environment is not: Starbucks’ green realisation
Sep 16, 2023
For the last several years, Starbucks has been testing different kinds of plastics. In 2019, the company went to a straw less lid, eliminating a good amount of plastic. By the end of 2023, the goal is to reduce by 15 percent the amount of material in each cup.
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Bitcoin Price Tanks by $3K in Hours Ahead of Jerome Powell’s Speech Today
Bitcoin Price Tanks by $3K in Hours Ahead of Jerome Powell’s Speech Today
Oct 2, 2024
The crypto market continues its Monday correction, as bitcoin slumped by another grand or so in the past hour, dropping to just over $63,000. This comes just hours before the US Feds Chair, Jerome Powell, speaks in Nashville, Tennessee, where he is expected to elaborate on the central banks monetary policy pivot. CryptoPotato reported earlier today about BTCs initial price...
Here’s Why Bitcoin Gained Over 20% in 3 Weeks: But Can it Go Higher?
Here’s Why Bitcoin Gained Over 20% in 3 Weeks: But Can it Go Higher?
Oct 2, 2024
Even with todays correction that has pushed its price south by almost three grand, BTC is on the verge of closing its most bullish September in over a decade. Here are some of the possible reasons behind this rather unexpected increase during the month, especially its second part, and speculation about whether it could sustain and double down on the...
Bitcoin Price Analysis: The Reason Behind BTC’s Crash to $60K Today
Bitcoin Price Analysis: The Reason Behind BTC’s Crash to $60K Today
Oct 2, 2024
Bitcoin’s price is currently trending down as a result of the potential war brewing in the Middle East. A key level is lost, which could lead to a further decline in the short term. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart In the daily timeframe, the BTC price dropped below the key $64K mark and the 200-day moving...
Crypto Giant Bithumb Eyes NASDAQ Listing, Open to Global IPO Options
Crypto Giant Bithumb Eyes NASDAQ Listing, Open to Global IPO Options
Oct 2, 2024
South Korean crypto exchange giant Bithumb is reportedly exploring the possibility of listing on the US NASDAQ, as discussed during a shareholder meeting on Monday. The company has indicated that it is open to considering all possibilities regarding where to launch its initial public offering (IPO). Bithumb Looks Beyond KOSDAQ Korea Economic Daily revealed the latest details on September 30th, less...
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