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Euro approaches two-week high as dollar weakens
Euro approaches two-week high as dollar weakens
Aug 11, 2025
The euro rose in the European market on Monday against a basket of global currencies, resuming gains that had temporarily paused on Friday against the US dollar, approaching again its highest level in two weeks, supported by the weak performance of the US currency in the foreign exchange market. Expectations for a European interest rate cut in September have declined...
Kiwi extends gains after data
Kiwi extends gains after data
Aug 7, 2025
The New Zealand dollar rose on Thursday against most major currencies following the release of economic data. Government data published earlier today showed that New Zealands quarterly inflation expectations for Q3 2025 came in at 2.28%, slightly down from the previous reading of 2.29%. As of 21:00 GMT, the New Zealand dollar climbed 0.5% against the US dollar to trade...
What is the impact of Trump's threat to impose 100% tariffs on global chipmakers?
What is the impact of Trump's threat to impose 100% tariffs on global chipmakers?
Aug 8, 2025
On Wednesday, US President Donald Trump announced that the United States would impose a 100% tariff on imported semiconductor chips unless companies make a formal commitment to build or expand production facilities within the US. The move aims to restructure the global semiconductor supply chain by encouraging domestic manufacturing. Major companies like Apple which recently pledged over $100 billion in...
Yen declines after grim Japanese data
Yen declines after grim Japanese data
Aug 7, 2025
The Japanese yen declined in Asian markets on Friday against a basket of major and minor currencies, moving away once again from the highest levels in two weeks against the US dollar, and heading toward incurring its first loss in the last three days, due to the release of bleak data on Japanese household spending during June. This data, along...
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Russian rouble flat against the US dollar
Russian rouble flat against the US dollar
May 6, 2024
May 6 (Reuters) - The Russian rouble was stable against the U.S. dollar on Monday. By 0715 GMT, the rouble was flat at 91.60 to the dollar. Against the euro, the rouble rose 0.12% to 98.64 and gained 0.26% to 12.66 against the yuan . Brent crude oil, a global benchmark for Russia's main export, rose 0.7% to $83.51 a...
Euro zone bond yields drop, Italian-German spread tightens after Fitch
Euro zone bond yields drop, Italian-German spread tightens after Fitch
May 6, 2024
May 6 (Reuters) - Euro zone government bond yields dropped on Monday after U.S. economic data moved the needle of market bets towards a higher chance of two Federal Reserve rate cuts in 2024. Meanwhile, the spread between Italian and German 10-year bond yields hit a 1-1/2-month low after Fitch confirmed its rating on the Italian debt. German's 10-year bond...
US Equity Investors to Watch Out for Quarterly Earnings, Fed Speakers' Views on Monetary Policy Path for 2024
US Equity Investors to Watch Out for Quarterly Earnings, Fed Speakers' Views on Monetary Policy Path for 2024
May 6, 2024
05:24 AM EDT, 05/06/2024 (MT Newswires) -- US equity investors will look out this week for the latest read on the Michigan consumer sentiment gauge, quarterly earnings, and views from Federal Reserve officials. * This week will be relatively quiet from a data standpoint. Weekly initial jobless claims are due Thursday and the University of Michigan's consumer sentiment update for...
Wall St Week Ahead-US small caps struggle as elevated interest rates take a toll
Wall St Week Ahead-US small caps struggle as elevated interest rates take a toll
May 5, 2024
NEW YORK, May 3 (Reuters) - The prospect of interest rates remaining elevated as the Federal Reserve battles inflation is further clouding the outlook for shares of smaller U.S. companies, which have lagged broader markets this year. Small cap stocks surged at the end of 2023, as expectations grew that the Fed was done raising interest rates and would soon...
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Honeywell to Acquire Johnson Matthey's Catalyst Technologies Business for $2.41 Billion
Honeywell to Acquire Johnson Matthey's Catalyst Technologies Business for $2.41 Billion
May 26, 2025
03:22 AM EDT, 05/22/2025 (MT Newswires) -- Honeywell International ( HON ) said Thursday it has agreed to acquire Johnson Matthey's Catalyst Technologies business for 1.8 billion British pounds ($2.41 billion) in cash. Based in London, the business provides catalyst manufacturing and process technology licensing. It has about 1,900 employees with sites in the US, Europe and India, Honeywell (...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Banco BPM urges UniCredit to drop bid if it can't meet govt's demands
Banco BPM urges UniCredit to drop bid if it can't meet govt's demands
May 26, 2025
MILAN (Reuters) -Banco BPM on Thursday urged suitor UniCredit to abandon its buyout offer, given the bank led by CEO Andrea Orcel has told authorities it cannot comply with the conditions Rome has imposed to authorise the BPM takeover. UniCredit on Wednesday secured from market regulator Consob a 30-day suspension of its tender offer for Banco BPM as it seeks...
Trump tax bill advances toward Thursday vote on passage in US House
Trump tax bill advances toward Thursday vote on passage in US House
May 26, 2025
* House Republicans move quickly to vote on Trump tax bill * Republican support remains unclear after infighting * The measure would add $3.8 trillion to US debt * Democrats vow to 'fight like hell' in opposition By David Morgan and Bo Erickson WASHINGTON, May 22 (Reuters) - U.S. President Donald Trump's sweeping tax and spending bill cleared a crucial...
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Bitcoin Struggles at $66K; Ripple’s XRP Defies Bearish Momentum (Market Watch)
Bitcoin Struggles at $66K; Ripple’s XRP Defies Bearish Momentum (Market Watch)
Mar 22, 2024
The cryptocurrency market has failed to recover as swiftly as many expected it to, and Bitcoins price seems to be struggling to break above $66K definitively. Most of the altcoins are also trading in the red, with two notable exceptions. Bitcoin Fails at $66K As seen in the chart below, Bitcoins price was unable to retain its bullish momentum that...
This Trending Meme Coin Explodes 50% Daily: Details
This Trending Meme Coin Explodes 50% Daily: Details
Mar 22, 2024
TL;DR Meme coins on the Solana blockchain have shown potential for high profits, with instances of substantial investment returns highlighted. Despite these opportunities, the inherent volatility of meme coins underscores a considerable risk of losses. Meme coins built on the Solana blockchain have been thriving in the past several months, with the sector spewing new ones quite frequently. Todays best...
Montenegro’s Court of Appeal Upholds Ruling on Do Kwon’s Extradition to South Korea
Montenegro’s Court of Appeal Upholds Ruling on Do Kwon’s Extradition to South Korea
Mar 21, 2024
After a series of back-and-forths regarding Do Kwons extradition, it appears that the Terraform Labs co-founder and former CEO may finally be handed over to South Korean authorities after the Appellate Court of Montenegro confirmed a previous decision to extradite him to his native country. Terraform Labs’ Chief Executive Officer, who was arrested in March 2023 with Kwon in Montenegro,...
Cardano on the Verge of Achieving a Massive Milestone: ADA Bull Run Imminent?
Cardano on the Verge of Achieving a Massive Milestone: ADA Bull Run Imminent?
Mar 22, 2024
Cardano (ADA) is showing strong growth in smart contract development. Since the beginning of the year, the number of Plutus scripts on the Cardano network, including Plutus V1 and V2, has surged by 171.45%,  At this pace, the Cardano network is adding nearly 500 new smart contracts daily. According to data from Cardano Blockchain Insights, the network has achieved 39,000...
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