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Japanese yen expands gains to four-week high in a strong start
Japanese yen expands gains to four-week high in a strong start
May 26, 2025
The Japanese yen rose in Asian trade on Monday against a basket of major rivals, expanding gains for the second straight session against the dollar and hitting a four-week high on haven demand amid concerns about US debt levels following Trumps tax reform bill. The gains are boosted as well by increasing inflationary pressures on Bank of Japans policymakers, which...
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...
US dollar tries to recover from five-week trough
US dollar tries to recover from five-week trough
May 27, 2025
The US dollar rose in European trade on Tuesday for the first time in three sessions against a basket of major rivals, as it tries to recover from five-week lows on short-covering. Now traders await important US data later today to assess the odds of future Fed rate cuts. The Index The dollar index rose 0.5% to 99.44, with a...
Euro hits four-week high before Lagarde's remarks
Euro hits four-week high before Lagarde's remarks
May 26, 2025
The euro rose in European trade on Monday against a basket of major rivals, extending gains for the second straight session against the dollar and hitting a four-week high as US President Donald Trump gave the EU another chance to reach a trade deal. Recent eurozone inflation data led to divisions between European Central Bank policymakers on the decision to...
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Alibaba Q4 Earnings Due Tuesday: Spotlight On E-Commerce Business, Cloud Business, AI Initiatives
Alibaba Q4 Earnings Due Tuesday: Spotlight On E-Commerce Business, Cloud Business, AI Initiatives
May 12, 2024
Alibaba Group Holding Limited ( BABA ) shares have been on a broad consolidation move since bottoming in late October 2022. The company is still reeling from the impacts of regulatory clampdowns and lackluster domestic economic growth. As the Jack Ma-founded company prepares to release its fourth-quarter results Tuesday before the markets open, here’s a look at how the company...
Microsoft hit with $242 million US verdict in Cortana patent lawsuit
Microsoft hit with $242 million US verdict in Cortana patent lawsuit
May 10, 2024
(Reuters) - Microsoft ( MSFT ) must pay patent owner IPA Technologies $242 million, a federal jury in Delaware said on Friday after determining that Microsoft's ( MSFT ) Cortana virtual-assistant software infringed an IPA patent. The jury agreed with IPA after a week-long trial that Microsoft's ( MSFT ) voice-recognition technology violates IPA's patent rights in computer-communications software. IPA...
Apple Plans On Revamping Siri During AI Reorganization: What's Going On?
Apple Plans On Revamping Siri During AI Reorganization: What's Going On?
May 10, 2024
Apple Inc ( AAPL ) is reportedly revamping Siri after executives Craig Federighi and John Giannandrea tested OpenAI’s ChatGPT, per the The New York Times. The overhaul, driven by concerns over AI’s impact on the smartphone market, marked Apple’s reorganization towards generative AI. Per the newspaper’s report, the new Siri promises improved conversational abilities and is set to debut at...
South Korea prepares support package worth over $7 billion for chip industry
South Korea prepares support package worth over $7 billion for chip industry
May 11, 2024
SEOUL (Reuters) - South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister said on Sunday, after setting its sights on winning a war in the semiconductor industry. Finance Minister Choi Sang-mok said the government would soon announce details of the package, which targets chip...
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How Zara and H&M are trying to clean up fast fashion's messy carbon footprint — are they serious about it
How Zara and H&M are trying to clean up fast fashion's messy carbon footprint — are they serious about it
Sep 18, 2023
Fast fashion retailer H&M is all set to sell second-hand clothes at its Regent Street flagship store in UK from October — offering items that are 'ready to be loved again.' Zara also recently launched its online second-hand service in France, having trialled it in Britain since November last year. But are these 'green initiatives' for real, or just some more greenwashing? CNBC TV18 gives a macro view.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Cups are disposable, the environment is not: Starbucks’ green realisation
Cups are disposable, the environment is not: Starbucks’ green realisation
Sep 16, 2023
For the last several years, Starbucks has been testing different kinds of plastics. In 2019, the company went to a straw less lid, eliminating a good amount of plastic. By the end of 2023, the goal is to reduce by 15 percent the amount of material in each cup.
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Why is the Ripple (XRP) Price Down Today?
Why is the Ripple (XRP) Price Down Today?
Jul 19, 2024
After XRP rallied by almost 70% from its recent lows, the price entered into a pullback. Key Support levels: $0.54 Key Resistance levels: $0.68 1. Pullback in Progress This week, XRP nearly reached 64 cents during its rally before sellers returned to put a stop to it. This quickly turned into a pullback which is still ongoing at the time...
Bankrupt Crypto Lender BlockFi to Commence Repayments This Month 
Bankrupt Crypto Lender BlockFi to Commence Repayments This Month 
Jul 18, 2024
Bankrupt crypto lender BlockFi announced a significant step in its effort to repay its clients. In an X post on Wednesday, the lender noted that the first interim distribution of funds to clients through Coinbase will begin this month. According to BlockFi, the interim distribution will commence in July and will be processed in batches in the coming months. The...
Retail Sentiment Analysis – GBP/USD, EUR/USD, and AUD/USD Updates
Retail Sentiment Analysis – GBP/USD, EUR/USD, and AUD/USD Updates
Jul 19, 2024
Retail Sentiment Analysis – GBP/USD, EUR/USD, and AUD/USD GBP/USD Retail Trader Data: Reversal Lower? Recent retail trader data indicates a net-long position of 32.63%, with a short-to-long ratio of 2.07 to 1. Net-long traders have increased by 1.37% since yesterday and 13.89% from last week. Net-short traders have decreased by 4.09% since yesterday but increased by 1.06% from last week....
Here’s When Polygon Will Migrate from MATIC to POL Token
Here’s When Polygon Will Migrate from MATIC to POL Token
Jul 18, 2024
Polygon will undergo a mainnet upgrade on Sept. 4, 2024, following the communitys approval of the proposal. This upgrade marks the transition from the native MATIC token to a new one with the ticker POL and introduces fresh smart contracts. The Migration Process “Following PIP-42, consensus was reached that Polygon PoS validators must stake POL (the upgrade to MATIC) to...
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