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Aussie rallies to five-month high after Labor's election win
Aussie rallies to five-month high after Labor's election win
May 25, 2025
The Australian dollar rallied in Asian trade on Monday to a five-month high against the US dollar, expanding gains for the second straight session and on track towards 65 cents. It comes after a historic win by the governing Labor Party, which bolsters the governments position towards growing global trade risks from Trumps tariffs. The Price The AUD/USD price rose...
Aussie hits one-week high after strong wages data
Aussie hits one-week high after strong wages data
May 25, 2025
The Australian dollar rose in Asian trade on Wednesday against a basket of major rivals, expanding gains for the second straight session against the US dollar and hitting a week high, while approaching five-week highs following strong Australian wages data. The data renewed inflationary pressures on the Reserve Bank of Australias policymakers, which hurt the odds of a rate cut...
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 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...
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New COVID variants may remain short-term opportunity for Indian healthcare cos: CLSA
New COVID variants may remain short-term opportunity for Indian healthcare cos: CLSA
Dec 2, 2021
Omicron News: Cipla, Cadila, Dr Reddy’s and Glenmark Pharma had the highest contribution from COVID products in the financial year 2020-21, and the first half of the current financial year, according to CLSA. Nearly all of the companies within the brokerage's coverage have some exposure to the COVID-19 treatment value chain of products.
Will RBI use ‘clutch’ and ‘accelerator’ in its upcoming monetary policy?
Will RBI use ‘clutch’ and ‘accelerator’ in its upcoming monetary policy?
Dec 2, 2021
The RBI monetary committee is scheduled to meet on December 6 for their three-day policy and the decision will be announced on December 8 at 10:00 AM, followed by a media address by the governor and Q&A.
Vodafone Idea shares surge ahead of Supreme Court hearing on OTSC case
Vodafone Idea shares surge ahead of Supreme Court hearing on OTSC case
Dec 2, 2021
Vodafone Idea shares were trading over 6 percent higher ahead of the Supreme Court hearing on the one-time spectrum charges case. The government may withdraw the demand for OTSC that amounts to Rs 40,000 crore. The decision is likely to positively impact both Vodafone Idea and Airtel.
Ashok Leyland, M&M, Hero MotoCorp, Eicher Motors in focus; Nov auto sales indicate mixed trend
Ashok Leyland, M&M, Hero MotoCorp, Eicher Motors in focus; Nov auto sales indicate mixed trend
Dec 2, 2021
The automobile sales data for November indicated a mixed trend for the sector. Eicher Motors' Royal Enfield reported better-than-expected sales, whereas sales for Hero MotoCorp, Mahindra & Mahindra, Tata Motors and Maruti Suzuki India were below estimates. Meanwhile, Bajaj Auto's total sales were on expected lines but Ashok Leyland reported higher-than-expected numbers. Some market participants also believe that the recent correction in equities overall is an opportunity for investors to lap up automobile stocks. 
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Amazon appeals $34.6 million fine by French regulator over staff monitoring
Amazon appeals $34.6 million fine by French regulator over staff monitoring
Mar 22, 2024
(Reuters) - E-commerce giant Amazon.com ( AMZN ) said on Friday it has appealed French regulator CNIL's decision to fine the company 32 million euros ($34.58 million) for setting up a system to monitor employee activity and performance. The CNIL had in January fined Amazon France Logistique, which manages Amazon's ( AMZN ) large warehouses in France, for what the...
Ageas withdraws buyout proposal for UK insurer Direct Line
Ageas withdraws buyout proposal for UK insurer Direct Line
Mar 22, 2024
March 22 (Reuters) - Belgian insurer Ageas SA said on Friday it does not intend to make an offer for British home and motor insurer Direct Line, after two failed attempts. ...
Top Midday Decliners
Top Midday Decliners
Mar 22, 2024
02:33 PM EDT, 03/22/2024 (MT Newswires) -- Ispire Technology's ( ISPR ) shares sank 27% amid heavy trading after the company said Friday it priced an offering of about 2.1 million shares of common stock at $6 apiece for gross proceeds of $12.3 million. More than 1.21 million shares traded intraday compared with a daily average of about 101,000. Sintx...
Hawaiian Electric Shares Fall After US Lawmakers Seek More Information in Wildfire Probe
Hawaiian Electric Shares Fall After US Lawmakers Seek More Information in Wildfire Probe
Mar 22, 2024
02:31 PM EDT, 03/22/2024 (MT Newswires) -- Hawaiian Electric Industries ( HE ) shares fell more than 3% in recent Friday trading after US lawmakers asked the company to provide additional information about the deadly Maui wildfire last year. In a letter to Hawaiian Electric Chief Executive Shelee Kimura, leaders of the House Energy and Commerce Committee said questions persist...
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Here’s When Bitcoin’s (BTC) Price Could Return to $74K Highs: QCP Capital
Here’s When Bitcoin’s (BTC) Price Could Return to $74K Highs: QCP Capital
May 16, 2024
QCP Capital has forecasted a bullish momentum that could see bitcoin reach its previous highs of $74,000 in the next few months. This follows a surge in BTCs price on May 15th, fueled by growing ETF inflows and the April Consumer Price Index (CPI), which indicated a slight decrease in inflation from the previous month. Institutional Adoption and Bullish Momentum...
Three Reasons Why Solana’s (SOL) Price Soared Past $160
Three Reasons Why Solana’s (SOL) Price Soared Past $160
May 16, 2024
Solanas native token, SOL, surged by double digits within a 24-hour period. At the time of reporting, SOL is valued at $161 after tapping $165 earlier, with a 24-hour trading volume of $3.7 billion, marking an increase of 56.6%. According to CoinGecko data, SOL is the fifth largest cryptocurrency, with a market cap of $73.1 billion. Robinhood and Infinex’s Announcements...
Here’s Why Polkadot’s (DOT) Price May Rally to $20
Here’s Why Polkadot’s (DOT) Price May Rally to $20
May 16, 2024
TL;DR Polkadots price briefly surpassed $7, with its market cap nearing $10 billion, suggesting that the market might have been revived. DOT could see a rally to $20-$25 or $9-$13 if it overcomes key resistance levels and benefits from recent protocol developments, analysts asserted. Where Is DOT Headed? Polkadots native cryptocurrency is not among the top-performing cryptocurrencies during the most...
Dow and Nasdaq 100 at new Highs, and Nikkei 225 Makes Gains
Dow and Nasdaq 100 at new Highs, and Nikkei 225 Makes Gains
May 16, 2024
Major Indices Talking Points Dow reaches fresh new highNasdaq 100 surges to new peakNikkei continues to make gainsDiscover the main considerations when trading major indices in Q2: Recommended by Chris Beauchamp Dow at new high The index touched a new record high yesterday, faltering just shy of the 40,000 level. Yesterday’s US inflation print provided the catalyst for a fresh...
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