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Aussie skids to 2-1/5 month low as inflation cools
Aussie skids to 2-1/5 month low as inflation cools
Oct 30, 2024
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...
US dollar heads for fresh weekly profit
US dollar heads for fresh weekly profit
Oct 26, 2024
The US dollar rose in European trade on Friday against a basket of major rivals, resuming gains after a short hiatus, and approaching three-month highs once more. The gains come amid a surge in US 10-year treasury yields after bullish remarks from some Fed officials, and strong US data, which hurt the odds of an aggressive pace for US interest...
Euro hits one-week high ahead of German inflation data
Euro hits one-week high ahead of German inflation data
Oct 30, 2024
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...
Euro rebounds ahead of major eurozone data
Euro rebounds ahead of major eurozone data
Oct 27, 2024
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...
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Market Chatter: Meta Wins Legal Battle in Germany to Train AI with User Posts
Market Chatter: Meta Wins Legal Battle in Germany to Train AI with User Posts
May 26, 2025
12:19 PM EDT, 05/23/2025 (MT Newswires) -- Meta Platforms ( META ) was cleared to adopt Facebook and Instagram user posts to train artificial intelligence models after a German consumer rights group failed to win a court injunction to stop the practice, Reuters reported Friday. The court in the western city of Cologne denied the request from Verbraucherzentrale NRW, a...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Update: Vermilion Strikes Deal to Sell Saskatchewan and Manitoba Assets for $415 Million
Update: Vermilion Strikes Deal to Sell Saskatchewan and Manitoba Assets for $415 Million
May 26, 2025
11:39 AM EDT, 05/23/2025 (MT Newswires) -- (Adds comment and updates shares) Vermilion Energy ( VET ) on Friday said it agreed to sell its Saskatchewan and Manitoba assets for $415 million in cash. The assets are producing approximately 10,500 barrels of oil equivalent per day, 86% of which is oil and liquids, and are expected to generate roughly $110...
GSK's asthma drug wins FDA approval to treat 'smoker's lung'
GSK's asthma drug wins FDA approval to treat 'smoker's lung'
May 26, 2025
(Reuters) -The U.S. Food and Drug Administration has approved British drugmaker GSK's asthma drug to treat some patients with a chronic lung disease commonly known as smoker's lung, the company said on Thursday. The approval expands the use of the drug, Nucala, as an add-on treatment for patients with a type of chronic obstructive pulmonary disease. Sanofi and Regeneron's blockbuster...
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Over $220 Million in Liquidations as Bitcoin (BTC) Plummets Toward $63K
Over $220 Million in Liquidations as Bitcoin (BTC) Plummets Toward $63K
Aug 1, 2024
Bitcoins price actions took a violent turn from yesterdays quietness as the asset plunged by more than three and a half grand to $63,300. The alternative coins have followed suit, and the total value of liquidated positions has skyrocketed to almost $230 million on a daily scale. The start of the business week was quite positive for the primary cryptocurrency...
Bank of England Narrowly Votes for 25
Bank of England Narrowly Votes for 25
Aug 1, 2024
BoE, GBP, FTSE 100, and Gilts Analysed BoE voted 5-4 to lower the bank rate from 5.25% to 5%Updated quarterly forecasts show sharp but unsustained rise in GDP, rising unemployment, and CPI in excess of 2% for next two yearsBoE cautions that it will not cut too much or too often, policy to remain restrictive Recommended by Richard Snow Get...
Significant Drop in Meme Coin Activity and Prices, What’s Next?
Significant Drop in Meme Coin Activity and Prices, What’s Next?
Aug 1, 2024
Meme coins have been one of the most popular narratives in the first two quarters of 2024. However, there has been a significant cooling off in their market after the intense activity of the spring. In fact, recent findings suggest that only a handful of meme coins have recorded gains over the past 30 days, and these are relatively lesser-known....
Bank of England Follows Europe and Canada by Cutting Interest Rates, Will the Fed Join?
Bank of England Follows Europe and Canada by Cutting Interest Rates, Will the Fed Join?
Aug 1, 2024
The Bank of England lowered the interest rates from 5.25% to 5% earlier today in the first cut since the start of the Covid-19 pandemic in March 2020. Consequently, the UKs central bank has followed the example set by the ECB and the Bank of Canada earlier this summer, prompting questions about the Federal Reserves next move. BoE Turns the...
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