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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...
US dollar heads for fresh weekly profit
US dollar heads for fresh weekly profit
Oct 26, 2024
The US dollar rose in European trade on Friday against a basket of major rivals, resuming gains after a short hiatus, and approaching three-month highs once more. The gains come amid a surge in US 10-year treasury yields after bullish remarks from some Fed officials, and strong US data, which hurt the odds of an aggressive pace for US interest...
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...
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...
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Update: Vermilion Strikes Deal to Sell Saskatchewan and Manitoba Assets for $415 Million
Update: Vermilion Strikes Deal to Sell Saskatchewan and Manitoba Assets for $415 Million
May 26, 2025
11:39 AM EDT, 05/23/2025 (MT Newswires) -- (Adds comment and updates shares) Vermilion Energy ( VET ) on Friday said it agreed to sell its Saskatchewan and Manitoba assets for $415 million in cash. The assets are producing approximately 10,500 barrels of oil equivalent per day, 86% of which is oil and liquids, and are expected to generate roughly $110...
Loncor Gold Closing a Brokered Private Placement of Share Units, Raising C$9.4 Million
Loncor Gold Closing a Brokered Private Placement of Share Units, Raising C$9.4 Million
May 26, 2025
12:21 PM EDT, 05/23/2025 (MT Newswires) -- Loncor Gold ( LONCF ) on Friday said it closed a best-efforts private placement that raised C$9.4 million, including the full exercise of the agent's option for gross proceeds of C$1.4 million. The company said it sold around 17.1-million share units priced at C$0.55 each. Each unit is made up of a share...
Market Chatter: Meta Wins Legal Battle in Germany to Train AI with User Posts
Market Chatter: Meta Wins Legal Battle in Germany to Train AI with User Posts
May 26, 2025
12:19 PM EDT, 05/23/2025 (MT Newswires) -- Meta Platforms ( META ) was cleared to adopt Facebook and Instagram user posts to train artificial intelligence models after a German consumer rights group failed to win a court injunction to stop the practice, Reuters reported Friday. The court in the western city of Cologne denied the request from Verbraucherzentrale NRW, a...
GSK's asthma drug wins FDA approval to treat 'smoker's lung'
GSK's asthma drug wins FDA approval to treat 'smoker's lung'
May 26, 2025
(Reuters) -The U.S. Food and Drug Administration has approved British drugmaker GSK's asthma drug to treat some patients with a chronic lung disease commonly known as smoker's lung, the company said on Thursday. The approval expands the use of the drug, Nucala, as an add-on treatment for patients with a type of chronic obstructive pulmonary disease. Sanofi and Regeneron's blockbuster...
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Over $220 Million in Liquidations as Bitcoin (BTC) Plummets Toward $63K
Over $220 Million in Liquidations as Bitcoin (BTC) Plummets Toward $63K
Aug 1, 2024
Bitcoins price actions took a violent turn from yesterdays quietness as the asset plunged by more than three and a half grand to $63,300. The alternative coins have followed suit, and the total value of liquidated positions has skyrocketed to almost $230 million on a daily scale. The start of the business week was quite positive for the primary cryptocurrency...
Bitcoin Price Analysis: BTC Dips Below $64K But Still Within Consolidation Range
Bitcoin Price Analysis: BTC Dips Below $64K But Still Within Consolidation Range
Aug 1, 2024
Bitcoin’s price has been consolidating over the past couple of weeks following a recovery from the $56K support level. This behavior has left investors wondering whether a new record high will be witnessed in the short term. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been moving rangebound between the $64K and $68K levels....
Ether Price Dumps Almost 4% as Spot Ethereum ETF Outflows Reach $77M
Ether Price Dumps Almost 4% as Spot Ethereum ETF Outflows Reach $77M
Aug 1, 2024
The nine spot Ethereum ETFs in the US saw net outflows totaling $77.21 million on Wednesday, reversing the previous days positive trend. The outflows come amidst Ethers price faltering below $3,200. Spot Ether ETFs Outflow Continues The Grayscale Ethereum Trust (ETHE) recorded $133.33 million in net outflows on July 31st, according to SosoValue data. Since converting into an ETF, ETHE...
Bank of England Follows Europe and Canada by Cutting Interest Rates, Will the Fed Join?
Bank of England Follows Europe and Canada by Cutting Interest Rates, Will the Fed Join?
Aug 1, 2024
The Bank of England lowered the interest rates from 5.25% to 5% earlier today in the first cut since the start of the Covid-19 pandemic in March 2020. Consequently, the UKs central bank has followed the example set by the ECB and the Bank of Canada earlier this summer, prompting questions about the Federal Reserves next move. BoE Turns the...
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