Euro rose in European trade on Wednesday on track for the third profit in a row against the US dollar, hitting a week high after data showed Spanish inflation rose past estimates in October, renewing the pressure on the European Central Bank. The odds of a 0.25% ECB interest rate cut in December dipped, with investors now waiting for official...

The Australian dollar tumbled in Asian trade on Wednesday to 2-⅕ month lows against the US dollar, sharpening the decline for the fourth straight session after inflation in Australia cooled to three-year lows, reducing the pressure on the Reserve Bank of Australia. The new data boosted the odds of an interest rate cut by the RBA in December, as investors...

The Japanese yen skidded in Asian trade on Monday to three-month lows against the US dollar, after the election loss by the current Japanese parliamentary governing coalition, which could impede future interest rate hikes by the Bank of Japan. The yen is also pressured by a surge in US 10-year treasury yields, amid speculation about a cautious stance by the...

The euro rose in European trade on Thursday against a basket of major rivals after a wave of losses across three sessions, with the euro eventually settling above 3-⅕ month lows against the US dollar. It comes ahead of major data on the eurozone sectors later today, which would shed important light on the health of the European economy in...

01:51 PM EDT, 10/01/2024 (MT Newswires) -- Health care stocks were lower Tuesday afternoon, with the NYSE Health Care Index down 0.7% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.6%. The iShares Biotechnology ETF (IBB) fell 1.1%. In corporate news, CVS Health ( CVS ) is considering breaking up the company into separate retail pharmacy and insurance...

01:48 PM EDT, 10/01/2024 (MT Newswires) -- Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 2.3% and the Energy Select Sector SPDR Fund (XLE) adding 2.2%. The Philadelphia Oil Service Sector index popped 2.8%, and the Dow Jones US Utilities index was up 0.5%. Front-month West Texas Intermediate crude oil jumped 4.3% to $71.13 a...

01:47 PM EDT, 10/01/2024 (MT Newswires) -- Financial stocks fell in Tuesday afternoon trading, with the NYSE Financial Index shedding 0.8% and the Financial Select Sector SPDR Fund (XLF) down 0.5%. The Philadelphia Housing Index dropped 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) declined 0.9%. Bitcoin (BTC-USD) fell 3.1% to $61,606, and the yield for 10-year US...

On Tuesday, Iran launched a missile attack against Israel following the recent killing of Hezbollah leader Hassan Nasrallah. The strike occurred after the United States warned that an attack in the region was imminent. What Happened: Tensions have been increasing in the Middle East, which has led the United States to boost its military presence in the region. Missiles were...

SEOUL (Reuters) - SK Hynix, the world's second-largest memory chip maker, said on Wednesday it will invest around $3.87 billion to build an advanced packaging plant and research and development facility for AI products in the U.S. state of Indiana. The new plant will include an advanced chip production line to mass-produce next-generation high bandwidth memory (HBM) chips, currently used...

BRUSSELS, April 3 (Reuters) - Amazon ( AMZN ), Alphabet's Google and Microsoft ( MSFT ) may find it easier to bid for EU cloud computing contracts after draft cybersecurity labelling rules scrapped a requirement that vendors should be independent from non-EU laws, according to the document seen by Reuters. The European Union has struggled to agree to a cybersecurity...

BRUSSELS (Reuters) - Amazon ( AMZN ), Alphabet's Google and Microsoft ( MSFT ) may find it easier to bid for EU cloud computing contracts after draft cybersecurity labelling rules scrapped a requirement that vendors should be independent from non-EU laws, according to the document seen by Reuters. The European Union has struggled to agree to a cybersecurity certification scheme...

SEOUL, April 3 (Reuters) - SK Hynix, the world's second-largest memory chip maker, said on Wednesday it will invest around $3.87 billion to build an advanced packaging plant and research and development facility for AI products in the U.S. state of Indiana. The new plant will include an advanced chip production line to mass-produce next-generation high bandwidth memory (HBM) chips,...

A fire that broke out at the waste treatment plant in Kochi on March 2, 2023, continues to spread toxic fumes even after 11 days of the incident. The Kerala government has said that 95 percent of the fire has been extinguished, but the smoke from the landfill has not entirely subsided. 

The new bill exempts registered AYUSH practitioners and people accessing codified traditional knowledge, from sharing benefits with local communities or giving prior intimation to state biodiversity boards before accessing biological resources.

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.

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.

NEW YORK (Reuters) - Owning a home can feel like risky business, from coming up with the mortgage payment every month to worrying about disasters like fires or floods or tornadoes. But here is something riskier still: Going without home insurance in the U.S. altogether. It is called going bare, and 12% of American homeowners report doing just that, according...

NEW YORK (Reuters) - A few years after graduating from college, Sam Bankman-Fried grew worried he was not taking enough risks.  So the son of two Stanford Law School professors quit his Wall Street job and in 2017 started a cryptocurrency hedge fund, setting off a sequence of events that will culminate on Thursday with his sentencing over what federal...

(Reuters) - The owner, operator and charterer of the container ship that struck Baltimore's Francis Scott Key Bridge on Tuesday are likely to face lawsuits over its collapse and the people killed or injured, but legal experts say U.S. maritime law could limit the companies' liability. U.S. laws pertaining to open-water navigation and shipping, which are created through court decisions...

06:13 AM EDT, 03/28/2024 (MT Newswires) -- Price: 382.91, Change: -2.98, Percent Change: -0.77 ...

Meme coins have seen spectacular growth this year reaching almost $60 billion amidst the broader market rally. But not everyone is a fan. Many experts and market players have weighed in on how meme coins have overshadowed more legitimate projects in the industry. Even as the industry remains unsure of the latest hype and the flurry of new meme coins...

TL;DR The cryptocurrency market has seen significant volatility, with major assets experiencing price drops, but one Solana-based meme coin surged by 10% daily. Its rally is likely linked to Coinbases decision to allow certain trading services with it. Flashing Green Amid the Overall Correction The cryptocurrency market experienced a severe decline in the past few days. Bitcoin (BTC), Ethereum (ETH),...

The cryptocurrency market has been trending sideways for the past few days, following the considerable declines from earlier in the week. It appears that traders are now looking for a direction, and major cryptocurrencies trade around important levels. Lets start with Bitcoin. Bitcoin Struggles at $67K Bitcoins price seems incapable of moving past the $67K definitively, having dropped toward it...

TL;DR Binance expanded its trading options with new pairs, though availability depends on the users region. The exchange will delist several existing pairs on June 14, advising clients to update or cancel their Spot Trading Bots to prevent potential losses. Another Binance Update The worlds leading cryptocurrency exchange continues to expand its list of trading options to respond to recent...