The Australian dollar rose in Asian trade on Wednesday against a basket of major rivals, expanding gains for the second straight session against the US dollar and hitting a week high, while approaching five-week highs following strong Australian wages data. The data renewed inflationary pressures on the Reserve Bank of Australias policymakers, which hurt the odds of a rate cut...

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The Australian dollar tumbled on Tuesday against a basket of major rivals, resuming losses against the US counterpart after a short hiatus and becoming the worst performing G8 currency after the RBAs rate cut. The Reserve Bank of Australia voted to cut interest rates by 25 basis points to 3.85%, the lowest since May 2023, as inflation cooled. The Price...

The Australian dollar fell against most major rivals on Wednesday following labor data. Australian wages rose 0.9% in the first quarter of the year, above estimates of 0.8%. On trading, the AUD/USD pair rose 0.7% as of 20:56 GMT to 0.6428. Loonie The Canadian dollar fell 0.3% against the greenback as of 20:56 GMT to $0.7155. The US Dollar The...

03:21 PM EST, 01/03/2025 (MT Newswires) -- Energy stocks were higher late Friday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each rising 1%. The Philadelphia Oil Service Sector index added 0.4%, and the Dow Jones US Utilities index climbed 1.3%. West Texas Intermediate crude oil rose 1.4% to $74.13 a barrel, while...

* U.S. Steel drops after Biden halts Nippon Steel ( NISTF ) deal * Liquor stocks fall in the wake of US surgeon general's warning * December manufacturing PMI hits nine-month high * Indexes up: Dow 0.77%, S&P 500 1.24%, Nasdaq 1.72% (Updates to afternoon) By Stephen Culp NEW YORK, Jan 3 (Reuters) - Wall Street bounced back on Friday...

03:32 PM EST, 01/03/2025 (MT Newswires) -- Health care stocks advanced late Friday afternoon, with the NYSE Health Care Index rising 1% and the Health Care Select Sector SPDR Fund (XLV) adding 1.1%. The iShares Biotechnology ETF (IBB) climbed 1.1%. In corporate news, IceCure Medical ( ICCM ) shares popped 3.7% after it said Friday it has received an intention...

03:27 PM EST, 01/03/2025 (MT Newswires) -- Financial stocks advanced in late Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each adding 0.7%. The Philadelphia Housing Index and the Real Estate Select Sector SPDR Fund (XLRE) gained 1.4% each. Bitcoin (BTC-USD) rose 1% to $98,697, and the yield for 10-year US Treasuries...

In the ever-evolving and intensely competitive business landscape, conducting a thorough company analysis is of utmost importance for investors and industry followers. In this article, we will carry out an in-depth industry comparison, assessing Cisco Systems ( CSCO ) alongside its primary competitors in the Communications Equipment industry. By meticulously examining key financial metrics, market positioning, and growth prospects, we...

WASHINGTON (Reuters) -A Chinese hacking group exploited a software bug to compromise several internet companies in the U.S. and abroad, a cybersecurity firm said on Tuesday. Researchers at the firm, Lumen Technologies ( LUMN ), said in a blog post that the hackers took advantage of a previously unknown vulnerability in Versa Director - a software platform used to manage...

Analysts' ratings for Autodesk ( ADSK ) over the last quarter vary from bullish to bearish, as provided by 14 analysts. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 6 6 0 0 Last 30D...

Aug 26 (Reuters) - Private equity firms Summit Partners and Vista Equity Partners are exploring a potential sale of Trintech that could value the financial software provider at about $2 billion, including debt, according to people familiar with the matter. Trintech's owners are working with investment bankers at Deutsche Bank on a sale process that could attract interest from other...

A fire that broke out at the waste treatment plant in Kochi on March 2, 2023, continues to spread toxic fumes even after 11 days of the incident. The Kerala government has said that 95 percent of the fire has been extinguished, but the smoke from the landfill has not entirely subsided. 

Activists have contended that words like "ecotourism facilities" and "any other purposes" are too vague and may pave the way for widespread exploitation and misuse.

On Tuesday, the Gehlot government invited bids for both projects to build the dams within the next four years. The chief minister had announced both projects in last year’s budget.

Accusing Kejriwal of being busy with election campaigning in poll-bound states and waking up to the situation late, Minister of State for Consumer Affairs, Food, and Public Distribution, Ashwini Kumar Choubey, said that the Centre had held a meeting with Chief Secretaries and senior officials from four North Indian states on 20th October to discuss measures to reduce air pollution, which he claims weren't adopted by the AAP-led governments.

Tutor Perini Corporation ( TPC ) shares are trading higher premarket on Thursday. The company disclosed that Gary Smalley has become its Chief Executive Officer and a member of its Board of Directors, effective January 1, 2025. In November 2023, Tutor Perini appointed Gary Smalley to the position of President, with plans for Smalley to succeed Ronald Tutor as Chief Executive...

08:39 AM EST, 01/02/2025 (MT Newswires) -- Applied Industrial Technologies ( AIT ) said Thursday it acquired fluid power company Hydradyne for consideration of about $273 million after contractual closing adjustments. The consideration for the deal, which was completed Dec. 31, 2024, is subject to further post-closing adjustments, the company said in a regulatory filing. The company said the acquisition...

08:35 AM EST, 01/02/2025 (MT Newswires) -- SouthState ( SSB ) said Thursday it closed the acquisition of Independent Bank Group (IBTX) on Jan. 1. Florida-based SouthState ( SSB ) said in May that it had agreed to acquire Independent Bank Group in an all-stock transaction valued at about $2 billion. In connection with the acquisition, SouthState ( SSB )...

Note: The headline of this story has been updated to clarify that the stock’s uptick may be linked to the Cybertruck qualifying for a $7,500 electric vehicle tax credit. Tesla Inc. ( TSLA ) experienced a 1.44% increase in pre-market trading on Thursday, as per Benzinga Pro. The rise follows the announcement that the Cybertruck qualifies for a $7,500 electric vehicle consumer...

A spot crypto ETF would track the market price of the underlying crypto asset, giving investors exposure to the token without having to buy the currency. The SEC has previously denied all spot bitcoin ETF applications citing potential for fraud, but that could soon change after it lost a legal battle in August.

The crypto market is experiencing one of its longest, most bitter winters in recent history. It has caused a massive...

Negotiations between the Justice Department and Binance include the possibility that its founder Changpeng Zhao would face criminal charges in the US under an agreement to resolve the probe into alleged money laundering, bank fraud and sanctions violations, according to the Bloomberg.

Binance will pay $4.3 billion in one of the largest corporate agreements in US history. Changpeng Zhao will pay a $50 million fine under a deal that requires him to step down as CEO. Zhao pleaded guilty Tuesday to violating the Bank Secrecy Act in federal court in Seattle.