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Aussie falls and shrugs off strong employment data
Aussie falls and shrugs off strong employment data
May 25, 2025
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...
Aussie drops after wages data
Aussie drops after wages data
May 25, 2025
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...
Aussie is worst performing currency after RBA rate cut
Aussie is worst performing currency after RBA rate cut
May 25, 2025
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...
Aussie moves in a positive zone after inflation data
Aussie moves in a positive zone after inflation data
May 25, 2025
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....
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Skype's final call set for May as Microsoft prioritizes Teams
Skype's final call set for May as Microsoft prioritizes Teams
Feb 28, 2025
Feb 28 (Reuters) - Skype will ring for the last time this May as owner Microsoft ( MSFT ) retires the two-decade-old internet calling service that redefined how people connect across borders. Shutting down Skype will help Microsoft ( MSFT ) focus on its homegrown Teams service by simplifying its communication offerings, the software giant said on Friday. Founded in...
Lenovo wins appeal in UK fight with Ericsson over interim patent licence
Lenovo wins appeal in UK fight with Ericsson over interim patent licence
Feb 28, 2025
LONDON (Reuters) - Lenovo ( LNVGF ) on Friday won an appeal in Britain in its attempt to get an interim licence to use Ericsson's patents, in the latest ruling in the companies' global licensing dispute over 5G wireless technology. Lenovo ( LNVGF ) sued Ericsson at London's High Court in 2023, one of several cases brought by Lenovo (...
Nvidia Stock Is A 'Buy On The Pullback, Says Top Analyst, Considers Earnings As 'Great But Not Extraordinary'
Nvidia Stock Is A 'Buy On The Pullback, Says Top Analyst, Considers Earnings As 'Great But Not Extraordinary'
Feb 28, 2025
Deepwater’s Gene Munster, shared his views on Nvidia Corporation ( NVDA ) recent performance, suggesting it was solid but fell short of extraordinary expectations. However, he remains upbeat on the stock. What Happened: In an interview with Bloomberg on Thursday, Munster stated, “Yeah, I would actually say it was great, but not extraordinary. And that’s really what this needs to be.” He further elaborated on the company’s...
Belgium's Proximus to consider internal and external CEO candidates, earnings upbeat
Belgium's Proximus to consider internal and external CEO candidates, earnings upbeat
Feb 28, 2025
Feb 28 (Reuters) - Belgian telecoms group Proximus said on Friday it will consider internal and external candidates for its next CEO and that interim leadership will be decided by the board soon. Earlier this month, current head Guillaume Boutin unexpectedly announced his departure to join Vodafone ( VOD ) and lead its investments and strategy arm. The former phone...
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India, Brazil begin talks to resolve sugar-related trade dispute at WTO
India, Brazil begin talks to resolve sugar-related trade dispute at WTO
Sep 17, 2023
India and Brazil have started talks to mutually resolve a sugar related trade dispute at the World Trade Organization (WTO) and as part of the solution the South American nation may share ethanol production technology with New Delhi, an official said.
Startup Bridge: India and Saudi Arabia seal $3.5 billion deal with 53 MoUs
Startup Bridge: India and Saudi Arabia seal $3.5 billion deal with 53 MoUs
Sep 11, 2023
Under the startup bridge, India's Ministry for Commerce and Industry, Invest India and FICCI will set up an Investment & Trade Promotion office in Riyadh, while Saudi Arabia will open an investment facilitation office in India as well as offer physical and digital space to set up the startup bridge in Riyadh.
NYSE-listed Iron Mountain names Arvind Subramanian as executive vice president and MD India
NYSE-listed Iron Mountain names Arvind Subramanian as executive vice president and MD India
Sep 22, 2023
Arvind will report to CEO William Meaney and will be responsible for Iron Mountain's commercial and operational activities across the company's storage, digital solutions and asset lifecycle management business lines in India, it added.
Sam Bankman Fried trial | Investor testimonies could shape the outcome, says expert
Sam Bankman Fried trial | Investor testimonies could shape the outcome, says expert
Oct 6, 2023
Sam Bankman Fried stands accused of utilising customer funds to support his own high-risk investments at Alameda Research, a hedge fund he established in 2017. The most recent witness to testify is Gary Wang, FTX's co-founder, who is providing testimony as part of a plea agreement. Wang has revealed in federal court that he engaged in financial misconduct alongside Bankman Fried while at FTX.
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Volatility Ahead? 2 Bullish Cardano Signals Flash as ADA’s Price Rises 10% Weekly
Volatility Ahead? 2 Bullish Cardano Signals Flash as ADA’s Price Rises 10% Weekly
Sep 12, 2024
TL;DR ADAs valuation surpassed $0.35 for the first time this month, while Cardanos network witnessed a rise of some essential indicators. The RSI, on the other hand, recently entered an overbought territory, signaling a potential price correction. ADAs Solid Performance Cardanos native token has performed quite well in the past few days, witnessing a 10% price increase on a weekly...
Vitalik Buterin Names the Only Layer
Vitalik Buterin Names the Only Layer
Sep 12, 2024
Ethereum co-founder Vitalik Buterin has announced a shift in his endorsement strategy for Layer 2 (L2) scaling solutions. Beginning in 2025, he will only publicly support L2 projects that have reached at least Stage 1 in their development, with a possible short grace period for new and genuinely interesting projects. Buterin Shifts Focus to Layer 2 Projects “I take this...
Coinbase’s Wrapped Bitcoin (cbBTC) Launches on Base and Ethereum
Coinbase’s Wrapped Bitcoin (cbBTC) Launches on Base and Ethereum
Sep 12, 2024
The largest US-based crypto trading platform announced that its Wrapped Bitcoin product (cbBTC) has gone live on two blockchains Base and Ethereum. This comes months after the company integrated the Lightning Network for BTC transfers. The announcement by the exchange informed that the Wrapped Bitcoin (cbBTC) will be backed 1:1 by Bitcoin (BTC) held by Coinbase. So far, the new...
Highest Bitcoin Exchange Outflows Since May Hint at Another BTC Price Rally
Highest Bitcoin Exchange Outflows Since May Hint at Another BTC Price Rally
Sep 12, 2024
September has turned out to be a highly volatile month for bitcoin so far, as the asset has gone through several ups and downs, including yesterdays impressive surge to over $58,000. However, BTC could be on the verge of yet another rally, given the substantial outflows from exchanges, which recently hit a multi-month high. $750M in Withdrawals IntoTheBlock data shows...
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