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Yen moves towards two-week high after Japanese wages data
Yen moves towards two-week high after Japanese wages data
Aug 6, 2025
The Japanese yen rose in Asian markets on Wednesday against a basket of major and minor currencies, resuming gains that had briefly paused against the US dollar and moving toward a two-week high, after data showed an increase in wages in Japan a development that places further pressure on policymakers at the Bank of Japan. The US dollar remains under...
US dollar steadies as traders assess trade developments, interest rate forecasts
US dollar steadies as traders assess trade developments, interest rate forecasts
Aug 5, 2025
The US dollar held broadly steady against most major currencies on Tuesday, supported by expectations of interest rate cuts and ongoing monitoring of key trade policy developments. In a statement to CNBC today, the US president said that planned tariffs on imported pharmaceuticals could eventually reach as high as 250%. Data released Tuesday by the Institute for Supply Management (ISM)...
Euro approaches two-week high on Fed's prospects
Euro approaches two-week high on Fed's prospects
Aug 6, 2025
The euro rose in European markets on Wednesday against a basket of global currencies, extending its gains for the second consecutive day against the US dollar and nearing a two-week high, driven by growing concerns over Federal Reserve stability. Expectations of a European interest rate cut in September have declined due to persistent inflationary pressures on European Central Bank policymakers....
Kiwi gains ground after positive jobs data
Kiwi gains ground after positive jobs data
Aug 6, 2025
The New Zealand dollar strengthened against most major currencies during Wednesday trading following the release of upbeat employment data. Government figures showed that the employment change index in New Zealand declined by 0.1% in the second quarter, in line with expectations. The data also revealed that the unemployment rate in New Zealand rose to 5.2% in Q2, up from 5.1%...
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Sector Update: Health Care
Sector Update: Health Care
Apr 10, 2025
03:40 PM EDT, 04/10/2025 (MT Newswires) -- Health care stocks were falling late Thursday afternoon, with the NYSE Health Care Index shedding 2.3% and the Health Care Select Sector SPDR Fund (XLV) down 3.1%. The iShares Biotechnology ETF (IBB) slumped 4.8%. In corporate news, Novartis ( NVS ) plans to invest $23 billion in building and expanding 10 facilities in...
Sector Update: Tech
Sector Update: Tech
Apr 10, 2025
03:41 PM EDT, 04/10/2025 (MT Newswires) -- Tech stocks tumbled late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) falling 5.4% and the SPDR S&P Semiconductor ETF (XSD) plunging nearly 10%. The Philadelphia Semiconductor Index slumped 9.3%. In corporate news, Alphabet's (GOOG) Google ( GOOG ) has offered to slash what it charges the US government for its...
Sector Update: Financial
Sector Update: Financial
Apr 10, 2025
03:36 PM EDT, 04/10/2025 (MT Newswires) -- Financial stocks slumped in late Thursday afternoon trading with the NYSE Financial Index dropping 3% and the Financial Select Sector SPDR Fund (XLF) sliding 3.%. The Philadelphia Housing Index fell 3.1%, and the Real Estate Select Sector SPDR Fund (XLRE) retreated 2.1%. Bitcoin (BTC-USD) declined 3.7% to $79,494, and the yield for 10-year...
Sector Update: Energy
Sector Update: Energy
Apr 10, 2025
03:30 PM EDT, 04/10/2025 (MT Newswires) -- Energy stocks were falling late Thursday afternoon, with the NYSE Energy Sector Index dropping 6% and the Energy Select Sector SPDR Fund (XLE) sliding 6.8%. The Philadelphia Oil Service Sector index tumbled 9.1%, and the Dow Jones US Utilities index eased 0.1%. Front-month West Texas Intermediate crude oil fell 3.4% to $60.26 a...
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UN adopts first global artificial intelligence resolution
UN adopts first global artificial intelligence resolution
Mar 21, 2024
(Reuters) -The United Nations General Assembly on Thursday unanimously adopted the first global resolution on artificial intelligence that encourages countries to safeguard human rights, protect personal data, and monitor AI for risks. The nonbinding resolution, proposed by the United States and co-sponsored by China and over 120 other nations, also advocates the strengthening of privacy policies. Today, all 193 members...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Ecopetrol's Reficar wins court judgment in long-running dispute with McDermott
Ecopetrol's Reficar wins court judgment in long-running dispute with McDermott
Mar 21, 2024
BOGOTA, March 21 (Reuters) - Colombia's Ecopetrol said on Thursday its Reficar oil refinery was awarded 19.9% of the common capital in U.S. infrastructure firm McDermott in preferential shares by a judge in Amsterdam. The Reficar refinery is located in the Colombian city of Cartagena, and has been the subject of a prolonged international dispute dating back to the facility's...
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
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Tornado Cash Developer Found Guilty of Laundering $1.2 Billion in Illicit Funds
Tornado Cash Developer Found Guilty of Laundering $1.2 Billion in Illicit Funds
May 14, 2024
Tornado Cash developer Alexey Pertsev has been found guilty of laundering $1.2 billion in illicit funds using the sanctioned crypto mixer. Pertsev, a 31-year-old Russian living in the Netherlands, was sentenced to 64 months in prison by a Dutch court. His lawyers can appeal the decision within 14 days. Tornado Cash Developers Conviction The developer was initially imprisoned in the...
Are The Big Bitcoin Miners Preparing to Empty Their Bags? 
Are The Big Bitcoin Miners Preparing to Empty Their Bags? 
May 14, 2024
A Bitcoin selloff may be looming as miners are facing increasing pressure due to a sharp decline in revenue following the April 20 halving which slashed block rewards from 6.25 BTC to 3.125 BTC. On May 13, crypto research firm Kaiko revealed that the recent halving cut the daily production from 900 to 450 BTC, resulting in around $10 billion...
Euro Hovers Warily Against the Dollar Before the Week’s Main Events
Euro Hovers Warily Against the Dollar Before the Week’s Main Events
May 14, 2024
EUR/USD Major Talking Points Get your hands on the Euro Q2 outlook today for exclusive insights into key market catalysts that should be on every trader's radar: Recommended by David Cottle Get Your Free EUR Forecast The Euro was flat to a little lower against the United States Dollar on Tuesday as the wait for some near-term key events sucks...
Bitcoin’s Fundamentals Remain Strong Amid Market Volatility: Bitfinex
Bitcoin’s Fundamentals Remain Strong Amid Market Volatility: Bitfinex
May 14, 2024
While the crypto market is far from its March peak, analysts say the fundamentals of the Bitcoin network remain strong. According to the latest Bitfinex Alpha report, Bitcoins foundational strength is underscored by key factors like the steadfastness of long-term holders and the plunge in mining difficulty. These factors indicate that the network is positioned for future value appreciation. Bitcoins...
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