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Euro hovers near four-week high after Lagarde's remarks
Euro hovers near four-week high after Lagarde's remarks
May 27, 2025
The euro rose in European trade on Tuesday on track for the third straight session against the US dollar, and about to hit a four-week high amid concerns about US financial stability. Recent bullish remarks by European Central Bank President Christine Lagarde provided more positive momentum for the euro, and underscored investor confidence in the EU. The Price The EUR/USD...
Yen rushes to four-week high on strong demand
Yen rushes to four-week high on strong demand
May 27, 2025
The Japanese yen rose in Asian trade on Tuesday against a basket of major rivals, resuming gains against the dollar after a short hiatus and hitting a four-week high on strong haven demand amid concerns about US debt levels. Gains are also bolstered by the increasing odds of a Japanese interest rate hike in June in response to mounting inflationary...
Australian inflation beats estimates in April
Australian inflation beats estimates in April
May 28, 2025
Australias consumer prices rose 2.4% y/y in April, beating estimates of 2.3%, and same as the previous reading. The data showcases the impact of inflationary pressures on Australian monetary policymakers, and huts the odds of an Australian rate cut in July. Do you need help in trading decisions? Do you want to learn how to start trading? Join Economies.com VIP...
Euro backs off four-week high on profit-taking
Euro backs off four-week high on profit-taking
May 28, 2025
The euro fell in European trade on Wednesday against a basket of major rivals, extending losses for the second straight session against the US dollar and backing off a four-week high on profit-taking. Hot inflation data and bullish remarks from ECB officials led to divisions among policymakers on the rate decision in June, with investors awaiting German and Spanish inflation...
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Russian attack on Ukraine's Kharkiv kills twelve, injures dozens
Russian attack on Ukraine's Kharkiv kills twelve, injures dozens
May 26, 2024
KHARKIV, Ukraine (Reuters) -A Russian strike on a crowded DIY hardware store in Kharkiv killed 12 people and wounded dozens more, Ukrainian prosecutors said on Sunday morning, the death toll rising as the country's second-largest city reeled from two attacks a day earlier. Two guided bombs hit the Epicentr DIY hypermarket in a residential area of the city on Saturday...
Russian attacks on DIY store, city centre in Ukraine's Kharkiv kill six, injure dozens
Russian attacks on DIY store, city centre in Ukraine's Kharkiv kill six, injure dozens
May 25, 2024
(Refiles to fix spelling in byline to Hnidyi) By Max Hunder and Vitalii Hnidyi KHARKIV, Ukraine (Reuters) -Russian strikes on a crowded DIY hardware store and a residential area in the Ukrainian city of Kharkiv on Saturday killed at least six people and injured dozens, local officials said. Six people were killed after two guided bombs hit the DIY hypermarket...
South Korea, China agree to launch diplomatic and security dialogue
South Korea, China agree to launch diplomatic and security dialogue
May 26, 2024
By Hyonhee Shin and Katya Golubkova SEOUL/TOKYO (Reuters) -South Korean President Yoon Suk Yeol and Chinese Premier Li Qiang agreed on Sunday to launch a diplomatic and security dialogue and resume talks on a free trade agreement, Yoon's office said. Yoon and Li held talks a day ahead of a summit with their Japanese counterpart Fumio Kishida, their first three-way...
Elon Musk plans xAI supercomputer, The Information reports
Elon Musk plans xAI supercomputer, The Information reports
May 25, 2024
(Reuters) - U.S. businessman Elon Musk recently told investors that his artificial intelligence startup xAI is planning to build a supercomputer to power the next version of its AI chatbot Grok, The Information reported on Saturday citing a presentation to investors. Musk said he wants to get the proposed supercomputer running by the fall of 2025, as per the report,...
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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,...
NioCorp Developments Launches Public Share Offering
NioCorp Developments Launches Public Share Offering
Jul 17, 2025
04:39 AM EDT, 07/17/2025 (MT Newswires) -- NioCorp Developments ( NB ) said late Wednesday it launched a proposed public offering of common shares in the US. The offering is subject to market conditions, and the company plans to use the proceeds for working capital and general corporate purposes, it said. Shares of NioCorp Developments ( NB ) were down...
Novartis Q2 Core Earnings, Sales Increase; Launches $10 Billion Share Buyback Plan
Novartis Q2 Core Earnings, Sales Increase; Launches $10 Billion Share Buyback Plan
Jul 17, 2025
04:48 AM EDT, 07/17/2025 (MT Newswires) -- Novartis ( NVS ) reported Q2 core earnings Thursday of $2.42 per share, up from $1.97 a year earlier. Analysts surveyed by FactSet expected $2.35. Net sales for the quarter ended June 30 were $14.05 billion, up from $12.51 billion a year earlier. Analysts polled by FactSet expected $14.07 billion. For 2025, the...
BW LPG Closes Financing Deals Worth $595 Million to Fund Fleet Renewal
BW LPG Closes Financing Deals Worth $595 Million to Fund Fleet Renewal
Jul 17, 2025
04:48 AM EDT, 07/17/2025 (MT Newswires) -- BW LPG ( BWLP ) said Thursday it closed two financing deals worth $595 million to support fleet renewal and reduce funding costs. A $380 million term loan and revolving credit facility backed by seven banks will help fund its acquisition of Avance Gas vessels, the company said. The company's Indian unit obtained...
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Ripple’s Larsen Explains Why He Donated $10M Worth of XRP to Harris’ Presidential Campaign
Ripple’s Larsen Explains Why He Donated $10M Worth of XRP to Harris’ Presidential Campaign
Nov 3, 2024
TL;DR Ripple co-founder Chris Larsen endorsed Kamala Harris, citing her pro-innovation stance and connections to the Bay Area tech scene. The US presidential candidate recently voiced support for a crypto regulatory framework aimed at protecting vulnerable groups but has yet to provide specific policy details. Excited About Harris Economic Message The US presidential elections are less than a week away...
Bitcoin (BTC) Stopped at $71K, Cardano (ADA) Jumps 6% Daily (Weekend Watch)
Bitcoin (BTC) Stopped at $71K, Cardano (ADA) Jumps 6% Daily (Weekend Watch)
Nov 3, 2024
Bitcoins price recovery took the asset to $71,500 yesterday, but the bears interfered at this point and pushed it south by around two grand. The altcoins are relatively sluggish today, which is somewhat expected, aside from ADA, which has emerged as the top performer. BTC Stopped at $71.5K The start of the business week was quite promising for the primary...
Bitcoin Price Analytics: BTC Tumbles 3% Overnight but How Low Can It Go?
Bitcoin Price Analytics: BTC Tumbles 3% Overnight but How Low Can It Go?
Nov 3, 2024
Bitcoin’s price has been consistently making higher highs and lows over the past couple of months, approaching a new all-time high. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily timeframe, the price has been rallying since its rebound from the $52K support level. While the market has broken above the key 200-day moving average, located around...
Bitcoin (BTC) Price Outbreak, Shibarium’s Upgrade, and More: Bits Recap Oct 31
Bitcoin (BTC) Price Outbreak, Shibarium’s Upgrade, and More: Bits Recap Oct 31
Nov 3, 2024
TL;DR Bitcoin trades well above $70,000, with analysts sharing mixed forecasts about its future movements. Shibarium’s new upgrade aims to boost utility and introduce exclusive rewards. According to one analyst, XRP could see a significant rally if it breaks key resistance soon. BTC on Fire The final days of October (so far) have been quite successful for the primary cryptocurrency....
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