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...

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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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With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows: FedEx Corporation ( FDX ) reported better-than-expected earnings for its third quarter and authorized a new $5 billion share repurchase program. FedEx ( FDX ) shares jumped 12.9% to $299.07 in the after-hours trading session. Worthington Steel,...

03:42 PM EDT, 03/21/2024 (MT Newswires) -- Health care stocks rose late Thursday afternoon with the NYSE Health Care Index adding 0.2% and the Health Care Select Sector SPDR Fund (XLV) rising 0.3%. The iShares Biotechnology ETF (IBB) climbed 0.9%. In corporate news, Eledon Pharmaceuticals ( ELDN ) shares surged 12% after it said its tegoprubart monoclonal antibody was used...

(Updates to closing prices) TOKYO, March 22 (Reuters) - Japan's Nikkei share average closed at an all-time high on Friday, underpinned by record gains on Wall Street overnight and strength in automakers' stocks on a weaker yen. The Nikkei rose 0.18% to end at 40,888.43, after hitting 41,087.75 earlier in the session to break an all-time intraday high. The index,...

TOKYO, March 22 (Reuters) - Japan's Nikkei share average hit a record high on Friday, underpinned by the strength on Wall Street overnight and as a weaker yen prompted investors to buy automakers. The Nikkei rose to as high as 41,087.75 earlier in the session, crossing the 41,000 level for the first time. The index ended 0.07% higher at 40,844.53...

BEIJING (Reuters) - The United States should immediately lift all tariffs on Chinese goods, the Chinese commerce ministry said on Thursday, ahead of an announcement by the Biden administration on expected hikes in levies on Chinese-made items, including electric vehicles. The U.S. is expected to make its final determination in the coming days after delaying a decision twice, as it...

In the fast-paced and cutthroat world of business, conducting thorough company analysis is essential for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating Broadcom ( AVGO ) in comparison to its major competitors within the Semiconductors & Semiconductor Equipment industry. By analyzing crucial financial metrics, market position, and growth potential, our objective is...

WASHINGTON, Sept 3 (Reuters) - The White House said on Tuesday it wants federal agencies to boost internet routing security on networks in the face of concerns raised by U.S. officials about China's ability to divert internet traffic. The White House Office of the National Cyber Director in a report outlined a series of efforts aimed at addressing a key...

TAIPEI, Sept 4 (Reuters) - SK Hynix ( HXSCF ), the world's second-largest memory chip maker, will start mass production of HBM3E 12-layer chips by the end of this month, a senior executive said on Wednesday. Justin Kim, president and head of the company's AI Infra division, made the comment at the Semicon Taiwan industry forum in Taipei. In July,...

British politics is abuzz with musical chairs like excitement. PM Rishi Sunak, who had to remove his outspoken interior minister Suella Braverman for her article on a pro-Palestine march in UK, has brought ex-PM David Cameron — who had lost the top job over Brexit — back into the fresh equation.

India-Canada Tension: While BookMyShow's official statement did not explicitly state the reason behind the cancellation, it confirmed that 'singer Shubneet Singh's Still Rollin Tour for India stands cancelled.' It assured all ticket holders that their money would be refunded in 7-10 working days.

Canadian Prime Minister Justin Trudeau also said on Tuesday (September 19) his government does not seek to 'escalate' tensions with India. This, in the backdrop of the two countries expelling a senior diplomat each.

The investigation moving forward would be the most productive thing that can happen now, according to Blinken's statement.

10:43 AM EDT, 08/04/2025 (MT Newswires) -- Bullish said Monday it has launched an initial public offering of 20.3 million ordinary shares, with an expected price between $28 and $31 apiece. The digital asset platform said it plans to grant underwriters a 30-day option to buy up to 3.05 million additional shares. Bullish said it has applied for the listing...

10:49 AM EDT, 08/04/2025 (MT Newswires) -- Live Nation Entertainment ( LYV ) is expected to reiterate its positive outlook for this year, Oppenheimer said Monday in an earnings preview. Earnings reports from other companies suggest that US consumer spending continues to be healthy, the report said. Oppenheimer cut its Q2 revenue estimates concerts by 1% and sponsorship segments by...

10:48 AM EDT, 08/04/2025 (MT Newswires) -- Alnylam Pharmaceuticals' ( ALNY ) Amvuttra saw about $150 million in first full-quarter sales to treat ATTR cardiomyopathy, which was above market expectations by a sizable margin, Oppenheimer said in a note to clients Monday. Alnylam obtained payer agreements much faster than expected, the investment firm said. Total sales of Amvuttra at $492...

(Reuters) -Citigroup has appointed Aashish Dhakad as the head of its private credit origination division in North America, according to an internal memo seen by Reuters on Monday, as banks vie for a larger share of the lucrative private credit market. Dhakad, with an industry experience spanning two decades, will join the third largest U.S. lender in October. He most...

Negotiations between the Justice Department and Binance include the possibility that its founder Changpeng Zhao would face criminal charges in the US under an agreement to resolve the probe into alleged money laundering, bank fraud and sanctions violations, according to the Bloomberg.

The crypto market is experiencing one of its longest, most bitter winters in recent history. It has caused a massive...

A spot crypto ETF would track the market price of the underlying crypto asset, giving investors exposure to the token without having to buy the currency. The SEC has previously denied all spot bitcoin ETF applications citing potential for fraud, but that could soon change after it lost a legal battle in August.

Bankman-Fried was found guilty of seven counts of fraud and conspiracy after jurors in Manhattan deliberated for less than five hours Thursday.