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...

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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...

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...

04:36 PM EST, 01/17/2025 (MT Newswires) -- Douglas Porter, Chief Economist at BMO Capital Markets, in his weekly 'Daily Points' column on Friday looked at where a shifting global economic backdrop, not least one that includes the prospect of a tariffs war, leave the Bank of Canada in terms of future interest rate moves. To begin with, Porter noted that...

04:58 PM EST, 01/17/2025 (MT Newswires) -- US equity indexes rose this week as easing core inflation rates helped push government bond yields lower, and big banks kicked off the Q4 earnings season on a strong note. * The S&P 500 gained to 5,966.66 on Friday from 5,827.04 a week earlier, the Nasdaq Composite rose to 19,630.20 from 19,161.63, and...

NEW YORK (Reuters) - U.S. stocks rallied on Friday to close out a strong week on optimism over the health of the economy and path of interest rates as investors braced for a slew of policy changes under the incoming Trump administration. The S&P 500 and Dow Industrials registered their biggest weekly percentage gains since early November and the Nasdaq...

04:31 PM EST, 01/17/2025 (MT Newswires) -- US benchmark equity indexes closed higher Friday as traders assessed the latest macro data and the International Monetary Fund's upgraded 2025 growth outlook for the world's largest economy. The Nasdaq Composite rose 1.5% to 19,630.2, and the S&P 500 advanced 1% to 5,996.7. The Dow Jones Industrial Average increased 0.8% to 43,487.8. Consumer...

In the last three months, 9 analysts have published ratings on Hewlett Packard ( HPE ) , offering a diverse range of perspectives from bullish to bearish. 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 1...

CHICAGO, Oct 11 (Reuters) - Mosaic Co ( MOS ) said on Friday that water supporting the chemical company's storage of a waste byproduct from fertilizer manufacturing in Florida probably made its way into Tampa Bay following a downpour from Hurricane Milton. The discharge of possibly more than 17,500 gallons from Mosaic's facility in Riverview, a fast-growing Tampa suburb, raised...

By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -Indian billionaire Mukesh Ambani's Reliance has argued that the telecom regulator incorrectly concluded that home satellite broadband spectrum should be allocated and not auctioned, a letter seen by Reuters shows, intensifying a face-off with Elon Musk's Starlink. The methodology of giving out spectrum for satellite services in India - a market...

(Reuters) - TPG Telecom ( TPGTF ) will sell some of its non-mobile fibre infrastructure and fixed business assets to Macquarie-backed Vocus Group for A$5.25 billion ($3.54 billion) including debt, the telco said on Monday. The deal follows closely on the heels of TPG and Vocus resuming talks about the sale of TPG's non-mobile fibre assets, after halting a similar...

Rajasthan Election Exit Poll Results 2023: The exit poll results will be announced on Thursday, November 30, at 6.30 pm after voting in Telangana gets over. Rajasthan is known for its anti-incumbency, with the state swinging between the BJP and Congress in the past elections.

The cases were lodged against Union Minister of State Rajeev Chandrasekhar over his controversial social media posts following the blasts at a convention centre in Kochi during a prayer meeting of Christian religious group Jehovah's Witnesses.

A senior leader who attended the meeting said Venugopal asked state leaders to support state Congress chief Ashok Chavan and warned that party president Rahul Gandhi will not tolerate any indiscipline.

The Karnataka Assembly election results threw up an unexpected suspense on Tuesday, as a simple majority tantalisingly eluded BJP and...

LOS ANGELES/WASHINGTON (Reuters) -The U.S. plans to levy fees on imports arriving on Chinese-made ships and offer tax credits to resuscitate domestic shipbuilding and reduce China's grip on the $150 billion global ocean shipping industry, a White House document seen by Reuters shows. President Donald Trump is drafting an executive order that would also establish a Maritime Security Trust Fund...

March 6 (Reuters) - Air New Zealand ( ANZFF ) announced on Thursday that CEO Greg Foran will step down in October after five years at the helm, as the airline navigates global supply chain disruptions and ongoing engine maintenance challenges. Foran, a former Walmart executive, has led the Kiwi flag carrier through a turbulent period, with the airline facing...

SYDNEY, March 6 (Reuters) - Citigroup ( C/PN ) has appointed Rob Chan as the head of its equity capital markets syndication business for Asia, according to a memo reviewed by Reuters. Chan has been with Citigroup ( C/PN ) since 2003 and most recently led its Asia Pacific equity-linked origination unit. He will keep running that business until a...

HONG KONG (Reuters) - Shares of CK Hutchison ( CKHUF ) were set to open up 2.9% in Hong Kong on Thursday, extending the previous day's 21.9% gain after the sale of its Panama Canal stake to BlackRock ( BLK ). U.S. President Donald Trump has hailed the deal led by U.S. firm BlackRock ( BLK ) to buy most...

The past 24 hours saw substantial movements in Bitcoin and many altcoins. The price action resulted in a mixed performance, with some of the cryptocurrencies charting slight gains while others showed slight declines. Bitcoins Price Shaky Around $58K Many analysts have touted the $58K price region as an important liquidity zone, and the cryptocurrencys behavior around it is likely to...

Zcash was the leading crypto token on the market cap leaderboards last week. By Tuesday, the coin remained the fifth top gainer among crypto assets behind Aptos (APT) at #4, with Sui (SUI) topping the gains for the week at +57%. ZECs 7-day gains Tuesday were +29%, but from trough to peak (between Aug. 5 and Aug. 12) of the...

Binance, the largest crypto exchange, has finally reached a settlement with Brazilian regulators for $1.76 million over unlicenced derivatives trading allegations. This comes after an investigation into the exchange, which lasted a year regarding its activities in Brazil. Binance’s Derivatives Trading Allegations The Brazilian Securities and Exchange Commission (CVM) asked Binance to halt its derivatives trading services in the country,...

Bitwise reports that U.S.-based institutional investors continue to demonstrate strong support for Bitcoin through spot ETFs, with around 66% either maintaining or increasing their holdings. This trend comes amidst market volatility and declining prices during Q2. Surge in Institutional Filings Bitwises chief investment officer, Matt Hougan, highlighted this trend in an August 15 post on X, noting a rise in...