financetom
News
World
Environment
Technology
Politics
Retail
Business
Economy
Market summary >
Editors' picks >
News >
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...
Yen skids to three-month low as the gap in treasury yields widens
Yen skids to three-month low as the gap in treasury yields widens
Oct 26, 2024
The yen fell in European trade on Wednesday against a basket of major rivals, sharpening the losses for the third straight session against the US dollar and hitting three-month lows amid concerns about a wider US-Japan gap in government treasury yields. Recent bearish remarks from Japanese officials hurt the odds of a third BOJ interest rate hike this year, while...
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...
Yen skids to three-month trough as Japanese governing coalition loses majority
Yen skids to three-month trough as Japanese governing coalition loses majority
Oct 28, 2024
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...
World >
Market >
Sector Update: Financial Stocks Edge Higher Premarket Wednesday
Sector Update: Financial Stocks Edge Higher Premarket Wednesday
Jul 3, 2024
09:14 AM EDT, 07/03/2024 (MT Newswires) -- Financial stocks were gaining premarket Wednesday, with the Financial Select Sector SPDR Fund ( XLF ) marginally higher. The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.1% higher. First Foundation ( FFWM ) shares...
US STOCKS-Wall St poised to open lower ahead of more economic data, Fed minutes
US STOCKS-Wall St poised to open lower ahead of more economic data, Fed minutes
Jul 3, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * US private payrolls growth slows in June * Paramount jumps on report of Skydance Media deal * Fed meeting minutes due at 2 p.m. ET * Futures down: Dow 0.03%, S&P 500 0.11%, Nasdaq 0.19% (Updated at 8:45 a.m....
Oil Edges Higher as U.S. Inventories Post Outsized Decline Even as Gasoline Stocks Rise
Oil Edges Higher as U.S. Inventories Post Outsized Decline Even as Gasoline Stocks Rise
Jul 3, 2024
09:00 AM EDT, 07/03/2024 (MT Newswires) -- Oil prices rose early on Wednesday after a report showed a large drop in U.S. oil inventories last week, though demand concerns remain as gasoline inventories rose while Hurricane Beryl remained well south of U.S. oil platforms in the Gulf of Mexico West Texas Intermediate crude oil for August delivery was last seen...
Sector Update: Energy Stocks Edge Higher Premarket Wednesday
Sector Update: Energy Stocks Edge Higher Premarket Wednesday
Jul 3, 2024
09:22 AM EDT, 07/03/2024 (MT Newswires) -- Energy stocks were edging higher premarket Wednesday, with the Energy Select Sector SPDR Fund ( XLE ) up 0.1%. The United States Oil Fund ( USO ) was 0.1% higher and the United States Natural Gas Fund ( UNG ) was down 0.9%. Front-month US West Texas Intermediate crude oil was up 0.3%...
Environment >
Technology >
Personal Finance >
Politics >
Retail >
Business >
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...
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. ...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
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,...
Economy >
Cryptocurrency >
Chinese E
Chinese E
Nov 4, 2024
In line with a broader trend among major tech firms, Chinese e-commerce behemoth Alibaba is downsizing its metaverse operations. The restructuring, which aims to improve efficiency, led to layoffs in Yuanjing, Alibabas metaverse unit, as the company recalibrates its focus in this sector. Downsizing Metaverse Unit According to the report by South China Morning Post, which is also owned by...
British Pension Firm Makes First Direct Allocation to Bitcoin
British Pension Firm Makes First Direct Allocation to Bitcoin
Nov 4, 2024
British pension firm Cartwright has advised the allocation of 3% BTC to an unnamed pension fund, which has invested directly in the asset rather than via an exchange-traded fund. The company is now urging institutional investors to allocate assets into Bitcoin, according to a Nov. 4 report from industry magazine Corporate Advisor. As a percentage, this is thirty times higher...
Binance Co
Binance Co
Nov 4, 2024
Binance co-founder Yi He has spoken to recent speculation about listing fees on the platform, assuring the community that it operates with transparent policies. The address came in response to allegations by Moonrock Capital CEO Simon Dedic of costly listing fees on Binance. Binance Accused of Charging Exorbitant Fees for Crypto Listing On October 31, Dedic took to X with...
These 2 Exchanges Lead in Bitcoin Reserve Growth Since FTX’s 2022 Collapse
These 2 Exchanges Lead in Bitcoin Reserve Growth Since FTX’s 2022 Collapse
Nov 4, 2024
The FTX collapse of November 2022 continues to serve as a stark reminder of the necessity for rigorous asset monitoring. This event catalyzed a shift toward transparency, with crypto exchanges now disclosing more about their reserves and user fund management. As November 6th marks two years since the collapse, only Bitfinex and Binance witnessed their Bitcoin reserves grow out of...
Forex >
Copyright 2023-2026 - www.financetom.com All Rights Reserved