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Aussie falls and shrugs off strong employment data
Aussie falls and shrugs off strong employment data
May 25, 2025
The Australian dollar fell against most major rivals on Thursday despite strong labor data. Australia's unemployment rate was unchanged in April at 4.1%, same as March, and matching expectations. The Australian economy added 89.0 thousand new jobs in April, easily beating estimates of a 20.9 thousand addition, while March's reading was revised to show the addition of 32.2 thousand jobs...
Aussie drops after wages data
Aussie drops after wages data
May 25, 2025
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...
Aussie hits one-week high after strong wages data
Aussie hits one-week high after strong wages data
May 25, 2025
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...
Aussie is worst performing currency after RBA rate cut
Aussie is worst performing currency after RBA rate cut
May 25, 2025
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...
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SiCarrier says its tools can help China make advanced chips
SiCarrier says its tools can help China make advanced chips
Mar 27, 2025
BEIJING (Reuters) - China can use domstically developed tools to make advanced semiconductors, countering U.S. curbs on Beijing's access to high-end chipmaking technology, an executive at a major Chinese supplier said on Thursday. Du Lijun, president of chip equipment maker Shenzhen SiCarrier Industry Machines, said China faces export controls on access to lithography systems to make chips, but homemade tools...
China's Xi to meet with BMW, Mercedes, Qualcomm CEOs, sources say
China's Xi to meet with BMW, Mercedes, Qualcomm CEOs, sources say
Mar 27, 2025
* China has stepped up meetings with international executives * Seeking closer ties with foreign firms as investment slows * Beijing aiming to ward of U.S. tariff-related disruptions SHANGHAI, March 27 (Reuters) - The global heads of German automakers BMW and Mercedes, as well as chip giant Qualcomm ( QCOM ) are among foreign business leaders due to meet with...
Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions
Mar 27, 2025
March 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday: ** British investment platform AJ Bell said it would sell its personal and occupational pension schemes business to InvestAcc Group for up to 25 million pounds ($32.3 million), to focus on its core business. ** UK's Warehouse REIT said it could recommend...
Elon Musk's DOGE Service Team Member Tied To Cybercrime Group: Report
Elon Musk's DOGE Service Team Member Tied To Cybercrime Group: Report
Mar 27, 2025
Edward Coristine, a key figure in Elon Musk‘s U.S. DOGE Service team, has been linked to a cybercrime group, according to a recent report. What Happened: 19-year-old Coristine, nicknamed “Big Balls,” formerly ran a company called DiamondCDN, which specialized in network services. One of DiamondCDN’s clients was a website reportedly operated by the cybercrime group known as “EGodly.” This association has...
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Solana Meme Coin Summer: Here’s Why Popcat Rules the 7
Solana Meme Coin Summer: Here’s Why Popcat Rules the 7
Aug 29, 2024
The seven-day chart wasnt exactly a catastrophe for major crypto assets Wednesday, but most top coins were in the red. That included a 3% slide for Bitcoin after a sudden drop in open interest for BTC futures among institutional crypto investors. Meanwhile, Popcat showed special strength among meme coins. Most blue chip memes were down for the week, like Dogecoin...
No Love for Crypto Markets Following Nvidia Earnings Report
No Love for Crypto Markets Following Nvidia Earnings Report
Aug 29, 2024
The AI and semiconductor giant announced its second-quarter earnings on Aug. 28 with a net income increase to $16.6 billion. The tech giant reported revenue of $30 billion, up 122% year-over-year and 15% quarter-over-quarter. The bullish revenue report could boost the burgeoning artificial intelligence sector and have a knock-on effect on crypto assets, but that has yet to be seen...
Bitcoin Price Prediction for This Weekend
Bitcoin Price Prediction for This Weekend
Aug 29, 2024
Bitcoin is about to conclude a difficult week after falling by almost 10%. Nevertheless, buyers appear determined to stop this downtrend. Chart by TradingView BTC Price Prediction A closer look at Bitcoin shows that it formed a bearish wedge from which the price fell between Monday and Tuesday. Luckily, buyers showed resilience at the 58k support level and managed to...
TON Events: Network Faces Repeated Outages Amid DOGS Hype, Update on Durov’s Arrest
TON Events: Network Faces Repeated Outages Amid DOGS Hype, Update on Durov’s Arrest
Aug 29, 2024
The Open Network (TON) faced yet another setback this week, with its second major outage within 36 hours, which temporarily disrupted blockchain functionality. During this period, the TON network has endured over 12 hours of outages in total. TON Network Buckles Under Pressure The network went offline at 7:17 pm UTC on August 28, and after a coordinated effort by...
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