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...

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...

The Australian dollar rose in Asian trade on Wednesday against the US dollar after a short hiatus yesterday, with the pair heading towards four-month high and about to mark the second monthly profit in a row. Earlier Sydney data showed inflationary pressures remained persistent on monetary policymakers, casting doubts on the odds of an Australian interest rate cut in May....

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...

05:08 PM EDT, 07/31/2024 (MT Newswires) -- US benchmark equity indexes closed higher Wednesday after Federal Reserve Chair Jerome Powell said monetary policy easing in September could be on the table. The Nasdaq Composite jumped 2.6% to 17,599.4, while the S&P 500 rose 1.6% to 5,522.3. The Dow Jones Industrial Average advanced 0.2% to 40,842.8. Among sectors, technology led the...

The Federal Reserve decided at its Wednesday meeting to keep the key interest rate between 5.25% and 5.5% while maintaining other policy interest rates and continuing to lower its bond holdings at a rate of $60 billion per month. Bill Adams, chief economist for Comerica Bank, said the committee held rates steady and made a “dovish change” to its July...

On Wednesday, major U.S. indices closed in positive territory. The Dow Jones Industrial Average rose 0.2%, finishing at 40,842.79, while the S&P 500 surged 1.6% to 5,522.30. The Nasdaq experienced a significant gain, jumping 2.6% to 17,599.40. Federal Reserve Chair Jerome Powell indicated that a rate cut might happen in September if inflation and the labor market meet expectations. The...

BENGALURU, Aug 1 (Reuters) - Indian shares are set to hit all-time highs on Thursday, tracking a global rally after the U.S. Federal Reserve Chair Jerome Powell hinted at a possible interest rate cut in September, although Infosys could be a drag on the market. The GIFT Nifty was at 25,105.5 points as of 8:10 a.m. IST, suggesting the Nifty...

According to Google, the use of artificial intelligence (AI) by developers to build and offer enhanced user experiences emerged as one of the top innovation trends in apps and games. Several of the local developers on the list have even integrated AI into their offerings.

The initiative, conducted in collaboration with IIT Bombay and the Department of Consumer Affairs (DoCA), aims to assess the application of large language models (LLM) in enhancing the efficiency of India's consumer grievance redressal system.

According to a press release, clusters economically viable for drone use will be identified, with 15,000 women SHGs in selected states receiving Central Financial Assistance covering 80% of drone costs, up to ₹8 lakh.

TikTok, owned by China's ByteDance, has 125 million active monthly users in Indonesia, a country of more than 270 million people. It has been looking to translate the large user base into a major e-commerce revenue source.

Prime Minister Narendra Modi on Saturday announced that the task to connect India's over six lakh villages with optical fibre network will be completed in the next 1,000 days.

Facebook on Wednesday said it remains committed to be an open and transparent platform, and allow people to express themselves freely on the platform amid a raging row over the social media giant's alleged political bias.

Amid a political slugfest over the Facebook issue, the company's India head Ajit Mohan on Wednesday appeared before a parliamentary panel, which is discussing alleged misuse of social media platforms.

President Donald Trump on Friday gave the Chinese company ByteDance 90 days to divest itself of any assets used to support the popular TikTok app in the United States.

HONG KONG (Reuters) -China Evergrande Group's liquidators have been appointed to identify and preserve the assets of founder Hui Ka Yan, the Hong Kong High Court said in a ruling on Tuesday. Hui, once one of China's richest people, has not been seen in public since he was detained by Chinese authorities in 2023 and has not complied with a...

06:34 AM EDT, 09/16/2025 (MT Newswires) -- Enerflex ( EFXT ) said Tuesday that it has appointed Paul Mahoney as its chief executive officer, effective Sept. 29. Mahoney, who has more than 30 years of experience in the industrial and energy sectors, will succeed interim CEO Preet Dhindsa, who will remain as chief financial officer, Enerflex ( EFXT ) said....

06:32 AM EDT, 09/16/2025 (MT Newswires) -- HighPeak Energy ( HPK ) said Chief Executive Jack Hightower will retire and Michael Hollis, the company's president, has been appointed interim CEO. Hollis has served as HighPeak president and a board member since 2020 and was previously president and COO of Diamondback Energy (FANG), the company said Tuesday. Hightower will also retire...

LOS ANGELES and NEW YORK, Sept. 16, 2025 (GLOBE NEWSWIRE) -- HALO Dream Inc. (“HALO”), a portfolio company of Transom Capital Group (“Transom”), is proud to announce the acquisition of Child Craft, a beloved and iconic brand known for its high-quality wood nursery furniture and decor. Child Craft’s products include cribs, beds, dressers and other essentials that have earned the trust...

A Bitcoin miner defied the odds by independently solving a network block 841,286, which allowed them to acquire a full 3.125 BTC reward. The fourth Bitcoin halving took place on April 20 at block 840,000, reducing the block reward from 6.25 BTC to 3.125 BTC, which is currently valued at around $200,000. Bitcoin Miner Solves 282nd Solo Block On April...

The Ethereum restaking protocol EigenLayer has published a whitepaper with new details about its soon-to-launch Eigen token, which will be airdropped to community members next month. According to the Eigen Foundations website, season 1 of the airdrop will distribute 5% of the token supply. Eligible airdrop recipients include those who staked directly with EigenLayer, and those who staked using Liquid...

Stablecoin issuing company Tether has invested $200 million into Brain-Computer-Interface (BCI) technology platform Blackrock Neurotech, becoming a majority stakeholder in the firm. According to a press statement sent to CryptoPotato, the investment in Blackrock Neurotech was spearheaded by Tether Evo, one of Tethers new divisions that focuses on creating a future where human capabilities and technology merge in unprecedented ways....

Most Read: Aussie Dollar Technical Analysis - AUD/USD, AUD/NZD, AUD/JPY Price Setups The U.S. dollar (DXY) sank at the start of the week, giving back a portion of Friday's gains, with the pullback likely attributed to a moderate drop in U.S. Treasury yields ahead of two hot-impact market events later in the week: the Federal Reserve's monetary policy announcement and...