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...

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...

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...

The US dollar fell in European trade on Monday against a basket of major rivals, hitting a five-week trough amid concerns about the US debt levels. Now investors await important remarks by several Fed officials as they look for more clues on the odds of multiple Fed rate cuts this year. The Index The dollar index fell 0.4% to 98.69,...

12:31 PM EST, 11/29/2024 (MT Newswires) -- Miniso Group Holding ( MNSO ) on Friday reported improved Q3 results over year-ago levels, with adjusted earnings climbing to 2.20 renminbi ($0.31) per diluted American depositary share from 2.04 renminbi and sales increasing to 4.52 billion renminbi from 3.79 billion renminbi. Analysts polled by FactSet, on average, expected adjusted EPS of 2.23...

12:15 PM EST, 11/29/2024 (MT Newswires) -- US benchmark stock indexes were higher in midday trading Friday, with the S&P 500 and the Dow Jones Industrial Average touching fresh highs in the session set to close early at 1 pm ET. The S&P 500 rose 0.7% to 6,040.5, the Dow Jones was up 0.7% to 45,046.8 and the Nasdaq advanced...

12:49 PM EST, 11/29/2024 (MT Newswires) -- Health care stocks were higher in Friday afternoon trading, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each adding 0.5%. The iShares Biotechnology ETF (IBB) was up 0.2%. In corporate news, Silo Pharma ( SILO ) shares jumped more than 11%. The company said Friday it...

12:34 PM EST, 11/29/2024 (MT Newswires) -- Consumer stocks rose in Friday afternoon trading with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.8%. In sector news, online spending on Thanksgiving rose in line with expectations, reaching $6.1 billion, according to Adobe Analytics' holiday shopping data. In corporate...

Top Stories for March 14, 2024: 1. Ivanhoe Electric Inc. ( IE ) and its subsidiary Computational Geosciences Inc. (CGI) announced advancements in their proprietary software for interpreting Typhoon data, significantly enhancing geophysical inversion models with machine learning technologies.  Ivanhoe Electric ( IE ), which owns 94% of CGI, highlights the software’s ability to efficiently process large data volumes from...

Whales with a lot of money to spend have taken a noticeably bearish stance on KLA. Looking at options history for KLA we detected 13 trades. If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish. From the overall spotted trades, 9 are...

(Reuters) - Adobe forecast second-quarter revenue below analysts' estimates on Thursday following stiff competition and weak demand for its artificial intelligence-integrated photography, illustration and video software amid a tough economy. The company's shares fell more than 10% after the bell. Companies and individuals have shifted focus to cutting costs amid high interest rates and a tough economy, pressuring growth at...

ROME, March 14 (Reuters) - Intel ( INTC ) has postponed plans to invest in Italy, the country's industry minister said on Thursday, after a project to build an advanced packaging and chip assembly factory first mooted in March 2022 was never finalised. The US technology company has given up or postponed its investments in France and Italy, compared with...

Accusing Kejriwal of being busy with election campaigning in poll-bound states and waking up to the situation late, Minister of State for Consumer Affairs, Food, and Public Distribution, Ashwini Kumar Choubey, said that the Centre had held a meeting with Chief Secretaries and senior officials from four North Indian states on 20th October to discuss measures to reduce air pollution, which he claims weren't adopted by the AAP-led governments.

Activists have contended that words like "ecotourism facilities" and "any other purposes" are too vague and may pave the way for widespread exploitation and misuse.

The probe pertains to Dapoli resort, which is allegedly illegal. The former minister and Shiv Sena (Uddhav) leader, Anil Parab, allegedly wangled a permit to use land meant for agricultural use. The ED had started the investigation under the the Prevention of Money Laundering Act (PMLA) after a complaint from the Environment Ministry.

On Tuesday, the Gehlot government invited bids for both projects to build the dams within the next four years. The chief minister had announced both projects in last year’s budget.

07:06 AM EST, 12/18/2024 (MT Newswires) -- GreenFirst Forest Products ( ICLTF ) overnight Tuesday signed an agreement with Mahogany Investors to sell its entitlements to refunds, including accrued interest, related to duties imposed on softwood lumber exported from Canada to the U.S. from 2021 and 2022. The duties are US$60 million deposits made during the company's ownership of six...

Birkenstock Holding plc ( BIRK ) shares are trading lower after the company reported the fourth-quarter fiscal 2024 results. Revenue grew 22% year over year on a reported and constant currency basis to 456 million euros. Adjusted EPS stood at 0.29 euro, up 107% Y/Y, in the quarter. In USD, revenue of $500.93 million beat the street view of $439.29 million, and adjusted EPS of $0.32 exceeded the...

07:04 AM EST, 12/18/2024 (MT Newswires) -- Innergex Renewable Energy ( INGXF ) late on Tuesday said it has closed two non-recourse financing agreements totaling $199 million to optimize the financial structure of its renewable energy assets and support future development activities. The first is a $133.7 million non-recourse project financing with The Canada Life Assurance Company for the 50-megawatt...

06:59 AM EST, 12/18/2024 (MT Newswires) -- Visa (V) and Mastercard ( MA ) will see a reduced fee paid by New Zealand's businesses when they accept their payments under a proposed draft decision issued by the Commerce Commission, the regulator said Wednesday. The proposal would result in an annual reduction of 260 million New Zealand dollars ($149 million), the...

TL;DR Binance added trading bot services for PEPE/FDUSD, SUI/FDUSD, and EIGEN/TRY pairs, with regional restrictions. On the other hand, it removed several pairs due to potential factors like poor liquidity. Additional Trading Choices for Users Earlier today (October 11), the biggest crypto exchange expanded the list of options offered on Binance Spot by including trading bot services for three trading...

Veteran commodity trader Peter Brandt has suggested that the price of Bitcoin (BTC) could drop by as much as 75%. The 77-year-old based his warning on the observation that in the past, Bitcoin experienced major corrections whenever it failed to reach a new all-time high (ATH) within 30 weeks of its previous peak. Could Historical Patterns Signal Potential Downturn for...

Bitcoins price tumbled once again late last night but the asset has managed to recover most losses and now stands well above $60,000. Most altcoins are slightly in the green on a daily scale, with XRP climbing by 2%, while BNB has dropped by the same percentage. BTC Bounces Above $60K Its safe to say that Uptober has failed to...

TL;DR Judge Torres ruled XRPs secondary sales aren’t securities, but Ripple was fined $125M. The company filed a cross-appeal after the SEC contended, adding more legal uncertainty. XRP saw a slight recovery to $0.54 but remains down in the past two weeks. The Latest Update The legal tussle between Ripple and the US Securities and Exchange Commission (SEC) reached a...