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...

The Australian dollar fell against most major rivals on Wednesday following labor data. Australian wages rose 0.9% in the first quarter of the year, above estimates of 0.8%. On trading, the AUD/USD pair rose 0.7% as of 20:56 GMT to 0.6428. Loonie The Canadian dollar fell 0.3% against the greenback as of 20:56 GMT to $0.7155. The US Dollar The...

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...

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...

04:23 PM EDT, 05/05/2025 (MT Newswires) -- Draganfly ( DPRO ) , was last seen down 3.1% in after-hours Nasdaq trading after the drone company on Monday said it closed a bought-deal share offering that raised US$3.6 million. The company sold an underwriter 1.72-million share units, priced at US$2.10 each and made up of a share and a five-year warrant...

07:44 AM EDT, 05/06/2025 (MT Newswires) -- CAE (CAE.TO, CAE) on Tuesday rose 1% in U.S. pre-market trading after it said it rebranded its portfolio of airline operations solutions to Flightscape, a data-driven platform for airlines that provides real-time data to improve operational performance. The company said it also strengthened its implementation process and customer service globally to ensure long-term...

05:06 PM EDT, 05/05/2025 (MT Newswires) -- The S&P 500 and the Dow Jones Industrial Average snapped their nine-day winning streak as traders evaluated updates on global trade and awaited the Federal Reserve's policy decision later this week. The S&P 500 declined 0.6% to 5,650.4, while the Dow edged down 0.2% at 41,218.8. The Nasdaq Composite closed 0.7% lower at...

07:47 AM EDT, 05/06/2025 (MT Newswires) -- Telesat ( TSAT ) , up 4.6% in U.S. pre-market trading, on Tuesday reported a slightly narrower net loss that beat estimates. The satellite operator said its net loss improved to $51.5 million, or $1.08 per share, from $52.3 million, or $1.08 per share, beating the consensus analyst forecast of a loss of...

SHANGHAI (Reuters) - Huawei's founder told Xi Jinping at a meeting the Chinese president held with private sector entrepreneurs that concerns China had about a lack of homegrown chips or operating systems had eased, Chinese state media reported. The People's Daily on Friday published an article summarising what major Chinese company founders including Huawei's Ren Zhengfei, electric vehicle giant BYD's...

TOKYO (Reuters) - Taiwan's Foxconn ( FXCOF ) has proposed forming a partnership with Japan's Honda Motor ( HMC ), aiming to create a tie-up framework that also includes rival carmakers Nissan Motor ( NSANF ) and Mitsubishi Motors ( MMTOF ), the Nikkei newspaper reported on Friday. The chairman of Foxconn ( FXCOF ), the world's largest contract electronics...

HELSINKI (Reuters) - The European Commission will propose boosting surveillance of undersea cables and establishing a fleet of vessels available to repair cables in emergencies, it said in an action plan published Friday. The announcement comes at a time when some European governments are concerned about multiple incidents in which power cables, telecom links and gas pipelines have been damaged....

(Reuters) - A high-level Japanese group that includes a former prime minister has drawn up plans for Tesla to invest in Nissan ( NSANF ) after the collapse of its merger talks with Honda ( HMC ), the Financial Times said on Friday. A separate Nikkei newspaper report said Taiwan's Foxconn has proposed forming a partnership with Honda ( HMC...

The HC said that the committee will scrutinise the complaints the NHRC has received or could receive, and submit a comprehensive report before it about the present situation.

The 11 MLAs, who were sacked by Mayawati in the last two years, have accused her trusted aide Satish Chandra Mishra of creating the differences and misleading her. Mayawati is left with only 7 MLAs at a time when Uttar Pradesh is going to polls easrly next year.

Prime Minister Narendra Modi is set to meet mainstream parties from Jammu and Kashmir on Thursday to discuss the future course of action for the union territory. The meeting is the first such exercise since the Centre announced the abrogation of Jammu and Kashmir's special status and its bifurcation into union territories in August 2019. A key focus area in the meeting is likely to be on delimitation of constituencies in the union territory. Here's an explainer on the delimitation exercise:

Fourteen leaders of eight political parties in Jammu and Kashmir have been invited to the meeting that will be chaired by Prime Minister Narendra Modi in New Delhi on June 24.

Johnny Boufarhat is now officially one of the world's youngest self-made billionaires at $3.2 billion, according to Bloomberg Billionaires Index. His online events platform Hopin thrived in the COVID-induced lockdown universe.

Cybercriminals have breached Accenture in an apparent ransomware attack but the global consulting giant says the incident was immediately contained with no impact on it or its systems. The LockBit ransomware gang announced the attack on Tuesday night on its dark web leak site, setting a deadline of Thursday evening for payment.

Not just 'overpaying' customers, Amazon employees and Democrats are equally upset. Workers tweeted their frustrations and ridiculed Bezos' efforts to go to space when the company's warehouses are notorious for inhumane working conditions.

Here is the top news from the world of business, government policy and economics, international news and more handcrafted for you by the cnbctv18.com team.

Bitcoin’s current rally may only be warming up, with market watchers predicting a potential surge to $162,000 by mid-June, largely driven by short-term holders approaching a critical profit threshold. According to Axel Adler Jr., Bitcoin’s Net Unrealized Profit/Loss (NUPL) for those who’ve held the cryptocurrency for a maximum of three months sits at 27%. The Short-Term Holder Catalyst In a...

Ripple remains confined within a narrow price range, with minimal fluctuations in recent action. This low-volatility environment suggests an imminent breakout, which will likely define the next major trend. XRP Analysis The Daily Chart XRP is currently trading within a narrow and critical price range, bounded by the 100-day and 200-day moving averages at $2.2, and the descending wedge’s upper...

Bitcoin clawed back losses on Monday, rising to nearly $110,000 after US President Donald Trumps unexpected EU tariff announcement rattled markets over the weekend. A key technical pattern has now emerged, which could potentially hint at the next major move in the cryptocurrencys ongoing price trend. Bitcoins Double Bottom Formation Bitcoin may be on track to reach $112,000 following the...

In a world where capitalists dominate most economies, people are constantly searching for ways to accumulate wealth. Bitcoin presents an easy path for this, according to finance guru and entrepreneur Robert Kiyosaki. The Rich Dad, Poor Dad author believes bitcoin (BTC) has made it so easy for anyone to get rich and insists more people should be buying the digital...