Tag: Currencies

European Central Bank policymakers laid out diverging views on future interest rate hikes on Monday, suggesting that moves beyond next week’s half a percentage point increase remain contentious. The ECB promised in December a steady pace of 50 basis po…

Global equity markets edged higher on Monday as hopes of a less aggressive Federal Reserve buoyed investor sentiment, while the euro hit a nine-month peak against the dollar on the rising likelihood of more jumbo interest rate hikes in Europe.The start…

Chinese buyers are thought to have booked at least several large vessels of French barley this month, swelling a French export programme as merchants ship out a previous round of sales from late last year, European traders said.China has become a major…

Enel X Way, the e-mobility division of Italy’s biggest utility Enel MIL:ENEL, will make available its domestic and street charging services to Toyota and Lexus drivers, Enel and Toyota TSE:7203 said in a joint statement on Monday.The new partnership “m…

Kuwaiti Prime Minister Sheikh Ahmad Nawaf al-Sabah on Monday submitted the resignation of his cabinet to the country’s crown prince, state news agency KUNA reported, in the latest standoff between government and the elected parliament.Crown Prince Shei…

Enclosed are just five of the crypto-related things that got under my skin in 2022. There were far more than five, but obvious things like “the market went down” are not included because they’re not fun to write about.You’re reading Crypto Long & Short…

As Tesla (NASDAQ:TSLA) stock has gotten battered in 2022 — it’s down nearly 66% year-to-date — investors have begun to look around for better electric vehicle (EV) stocks to buy.Don’t get me wrong, almost all EV stocks are down in 2022, but Tesla was, …

We saw the rise of meme stocks last year, with everyone hoping to catch lightning in a bottle. Conversely, 2022 was a horrendous year for equities, especially the more speculative plays such as meme stocks.To be fair, social media-driven investments th…

President Xi Jinping wants China to accelerate efforts to achieve self-reliance in agricultural technology, identifying seed development and core equipment among areas to focus on, state media reported.The central leadership had said in 2020 that the c…

Wall Street stocks were positive on Wednesday morning, while government bonds and the dollar were muted, ahead of a U.S. Federal Reserve meeting later in the day and central bank decisions in Europe and Britain on Thursday.The subdued price moves follo…

U.S. crude oil stockpiles rose by more than 10 million barrels last week, the most since March 2021, buoyed by releases from the Strategic Petroleum Reserve and as refiners reduced activity. Crude inventories (USOILC=ECI) increased by 10.2 million barr…

I was about to get on a plane late Monday when the arrest of FTX and Alameda Research founder Sam Bankman-Fried in the Bahamas first became public. His profound and manifold criminality has been obvious for weeks, with more signs of disturbing corrupti…

Weekly consumer prices in Russia rose again but more slowly than the week before, data showed on Wednesday, all but confirming widely-held expectations that the central bank will keep its key interest rate on hold when it meets on Friday.Russia’s consu…

Spot basis bids for soybeans were steady-to-mixed on Wednesday morning across the eastern U.S. Midwest, while corn bids were steady-to-firmer.* Farmer selling remains quiet as growers monitor recent rains, brokers said.* Soybean bids firmed at an eleva…

Blackstone Inc NYSE:BX has warned of possible delays to the launch of a new private equity fund designed for wealthy individuals, as it copes with heavy investor withdrawals at two other funds in real estate and credit aimed at a similar clientele, the…

Residents near the site of the worst U.S. oil pipeline leak in a decade took the commotion and smell in stride as emergency crews labored to clean up in near-freezing temperatures, and investigators searched for clues to what caused the spill. A heavy …

The chief executive of Abu Dhabi state investor Mubadala (MUBDEV.UL) said on Saturday that 2023 would be a tough year for the global economy, but that the fund would be focused on opportunities serving a longer horizon.”If I look at the one-year horizo…

U.S. grocery chain Albertsons Companies Inc NYSE:ACI said that Washington State Court had denied a request of preliminary injunction by the state’s Attorney General to prevent the company from paying $4 billion to shareholders in a special dividend. Th…

The Russian-installed administration of Ukraine’s Kherson region said on Saturday that it had begun changing locally circulated Ukrainian hryvnia currency into Russian roubles, with hryvnia circulation in Moscow-controlled areas of the region to end on…

The anti-establishment candidate for Nigeria’s presidency will reform its system of costly subsidies and unify the local naira currency’s multiple exchange rates if elected in February, his manifesto released on Sunday showed.Nigeria operates multiple …

Vandalism may have caused a mass power outage in a Central North Carolina county, leaving about 45,000 homes and businesses in the dark Saturday night into early Sunday, affecting everything from Sunday worship services to golfers teeing off at well-kn…

Italy’s Prime Minister Giorgia Meloni said on Sunday that she may water down plans to make it easier to settle small payments with cash rather than cards, following talks with the European Commission over the issue.”Until 60 euros, we would like not to…

Egypt’s blue-chip index outperformed regional peers to close higher on Sunday, while Saudi and Qatari stocks slipped on weakness in the financial and petrochemical sectors.Oil prices, which fuel the region’s growth, fell 1.5% in choppy trading on Frida…

Egypt aims to issue its first panda bonds by the end of this fiscal year, Deputy Finance Minister Ahmed Kouchock said on Sunday. “We are just waiting for the right moment,” Kouchouk told an event at the American University in Cairo. Panda bonds are bon…

LJUBLJANA (Slovenia), December 2 (SeeNews) – The two stock indices on the Ljubljana Stock Exchange (LJSE) closed the trading week in red territory, as each lost 0.10% on Friday, bourse data showed.The blue-chip SBITOP index ended at 1,071.35 points, wh…

Rigel Pharmaceuticals (NASDAQ:RIGL) stock is heading higher on Friday after getting approval from the U.S. Food and Drug Administration (FDA) for its leukemia treatment.Specifically, the FDA has approved REZLIDHIA for the treatment of adult patients wi…

Chicago wheat extended losses on Friday to a fresh three-month low as modest weekly U.S. exports kept traders’ focus on competition from cheaper Black Sea supplies.Corn also fell, while soybeans rebounded, consolidating after a selloff in the previous …

U.S. stocks on Friday had bounced off their session lows but were weighed down in the wake of a stronger than anticipated November jobs report. Treasury yields and the dollar rose.The tech-heavy Nasdaq Composite (COMP.IND) was down 1.10% to 11,355.74 p…

Equities took a dip on Friday while the dollar gained ground and Treasury yields climbed as investors bet on a more hawkish-than-expected Federal Reserve response to a strong U.S. jobs report with employers hiring more workers than expected in November…

Motilal Oswal’s research report on Escorts KubotaEscorts Kubota (ESCORTS) hosted the investing community, followed by the plant visit at its Faridabad facility, where the entire senior management presented their mid-term strategy (till FY28E) and focus…

BULLS TAKE COVER (0811 GMT)Enthusiasm over recent moves by Chinese authorities to adjust the country’s zero-COVID policy is giving way to renewed caution as COVID cases ticked up in Beijing, stoking a risk-off mood in stocks and currencies, while oil p…

MATIC price started a major decline from the $1.00 resistance zone. Polygon bears are in control and might aim more losses towards $0.70 in the near term.Polygon’s MATIC Price DivesEarlier this month, polygon’s price made an attempt to gain pace above …

Criteria, the parent company of Caixabank BME:CABK, is in talks to sell its car parking operator Saba to Belgium’s Interparking, the Cinco Dias newspaper reported on Monday, citing unidentified financial sources.Saba could be worth as much as 1 billion…

Emkay Global Financial’s research report on Escorts KubotaWe attended Escorts’ analyst meet, where the management re-iterated its robust mediumterm growth prospects. FY28 revenue target is at Rs227bn as against Rs72bn in FY22, implying a 21% CAGR, driv…

Following are selected highlights from a report issued by the U.S. Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS) post in Beijing:”China’s marketing year (MY) 2022/23 soybean production is forecast to reach a near-record 19 milli…

Twitter has laid off 50% of its employees, the company’s head of safety and integrity said on Friday in a tweet, while saying that the social media platform’s content moderation capabilities remained in place. The tweet by safety and integrity head Yoe…

Chicago Mercantile Exchange lean hog futures declined on Friday, with the benchmark December contract hitting a near three-week low in what appeared to be featureless technical selling, traders said.CME December hogs (LHZ2) settled down 0.400 cent at 8…

The price of Dogecoin has been rallying in tandem with the bullish news of Elon Musk purchasing Twitter. It continues to maintain such high values even in a bear market due to the expectations that Musk, who has publicly expressed support for the meme …

Last year was a blockbuster when it comes to the returns growth stocks were able to generate. However, this year has proven to be much more challenging, erasing most of the gains investors saw during 2021. Dozens of growth stocks have plunged by more t…

Credit Suisse SIX:CSGN saw sharp falls in its shares and bonds on Monday as markets put the bank under intense scrutiny.The Swiss bank has insisted its capital and liquidity are strong, saying it will have more to say about a strategic revamp when it r…

HAK, a major seller of conserved foods such as peas, beans and apple sauce in the Netherlands, is to temporarily halt production this winter due to high energy costs, with a spokesperson saying the pause would last six weeks from January.Dutch national…

ZAGREB (Croatia), October 3 (SeeNews) – The European Commission said on Monday it has approved, under EU State aid rules, a Croatian methodology to calculate the premiums on state guaranteed loans for mid-caps and large enterprises granted under the Cr…

F-Secure Corporation, Press Release, 3 October 2022 at 17:30 EESTAcquisition cost of F-Secure and WithSecure shares in Finnish taxation after demergerFinnish tax administration has issued guidance on 30 September 2022 regarding the split of acquisition…

British finance minister Kwasi Kwarteng said on Sunday that he was focused on boosting longer-term growth, not on short-term market moves, when challenged over the sharp fall in sterling and bond prices following his first fiscal statement. Kwarteng sc…

China electric vehicle (EV) maker Zhejiang Leapmotor Technology is set to raise $800 million by pricing its shares at HK$48($6.12) each in its Hong Kong initial public offering (IPO), according to two sources with direct knowledge of the matter.The sou…

British finance minister Kwasi Kwarteng said on Sunday that he was focused on boosting longer-term growth, not on short-term market moves, when challenged over the sharp fall in sterling and bond prices following his first fiscal statement.”As chancell…

Iraq has started trial operations at the Karbala oil refinery south of the capital Baghdad, the oil ministry said in a statement on Sunday. The refinery has a production capacity of 140,000 barrels of oil per day, the statement said.

China electric vehicle maker Zhejiang Leapmotor Technology is set to raise $800 million by pricing its shares at HK$48($6.12) each in its Hong Kong initial public offering, according to two sources with direct knowledge of the matter.The sources spoke …

Japan’s Deputy Chief Cabinet Secretary Seiji Kihara said on Sunday the government must take steps as needed against excessive declines in the yen.”As for excessive, one-sided currency moves, we will closely watch developments and must take steps as nee…

Japan’s Deputy Chief Cabinet Secretary Seiji Kihara said on Sunday the government must take steps as needed against excessive declines in the yen.”As for excessive, one-sided currency moves, we will closely watch developments and must take steps as nee…

Ubisoft EURONEXT:UBI, France’s biggest video games maker, is still open to other partners after a deal in which China’s Tencent HKEX:700 will raise its stake in the company, its co-founder and CEO Yves Guillemot said on Thursday.Guillemot’s comments, m…

“All the Beauty and the Bloodshed”, a documentary about U.S. photographer Nan Goldin and her fight against the wealthy Sackler family, won the top Golden Lion award at the Venice Film Festival on Saturday.Made by investigative journalist Laura Poitras,…

Porsche AG wants to be ready for a planned stock market listing as early as possible, an executive at the luxury sportscar unit of Volkswagen XETR:VOW was quoted as saying on Saturday, as investors showed huge interest in the initial public offering (I…

Labour Day weekend normally marks the time of year when automakers are eagerly discounting the current year’s models in order to make room for next year’s crop, Bank of Montreal noted in its AM Charts note. But not this year, it said, in noting that Ca…

US Treasury Levels: 3:00 Tuesday vs 3:00 Friday 2Y: 99-17 1/8 vs 99-22 3/4: 3.491% vs 3.398%5Y: 98-18 3/4 vs 99-06 1/4: 3.434% vs 3.300%10Y: 95-03 vs 96-07: 3.332% vs 3.195%30Y: 91-04 vs 93-15: 3.478% vs 3.344%2/10Y: -15.900 bps vs -20.653 bps5/30Y: 4….

Global stock markets were mostly lower on Tuesday while benchmark U.S. Treasury yields jumped to their highest levels since June as a U.S. services industry report underscored expectations the Federal Reserve will need to keep hiking interest rates.The…

Top U.S. natural gas producer EQT Corp NYSE:EQT said on Tuesday it would buy Quantum Energy-backed THQ Appalachia I LLC for $5.2 billion, expanding its operations to reap the benefits of strong commodity prices.A surge in global natural gas prices foll…

Wall Street’s main indexes closed lower on Tuesday, the first session after the U.S. Labor Day holiday and summer vacations, as traders assessed fresh economic data in volatile trading.A survey from the Institute for Supply Management (ISM) showed the …

Pakistan Finance Minister Miftah Ismail expects the economy to grow more than 3.5% for the fiscal year that started in July, Bloomberg News reported on Saturday.Ismail predicted inflation, running at the highest in 47 years and the second-highest in As…

Toyota Motor Corp TSE:7203 truck and bus unit Hino Motors TSE:7205 will halt production of some medium and heavy-duty trucks for at least another year after an engine emissions cheating scandal, Nikkei Asia reported on Sunday. (https://s.nikkei.com/3TJ…

Amazon.com Inc NASDAQ:AMZN said on Saturday that its pricey “Lord of the Rings” prequel series was watched by more than 25 million viewers around the world on its first day, a record debut for a Prime Video series.”The Lord of the Rings: The Rings of P…

Amazon.com Inc NASDAQ:AMZN said on Saturday that its pricey “Lord of the Rings” prequel series was watched by more than 25 million viewers around the world on its first day, a record debut for a Prime Video streaming series.

Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high.Bitcoin BITSTAMP:BTCUSD, the world’s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its p…

Bitcoin was off 1.63% at $19,920 by late afternoon in Europe on Saturday, down $330 from its previous close.Bitcoin, the world’s biggest and best-known cryptocurrency, is down 58.7% from the year’s high of $48,234 on March 28.Ether BITSTAMP:ETHUSD, the…

The U.S. Transportation Department (USDOT) said Saturday it is temporarily waiving truck driver hours of service rules after the unanticipated shutdown of the BP Whiting, Indiana LSE:BP. refinery.Reuters reported Friday the 435,000 barrel-per-day refin…

Teams of drillers are working long hours to build wells to fight a devastating drought sweeping parts of China, farmers in Jiujiang city in the country’s central Jiangxi province told Reuters on Saturday.”These villages, all of them, are particularly d…

Maruti Suzuki NSE:MARUTI is open to forming partnerships with auto part makers to secure its future supply chain and maintain its leadership position, the chairman of India’s top-selling carmaker said in an interview.Partnering with suppliers in its ea…

Caspian Pipeline Consortium (CPC) has suspended oil loadings from two of three single mooring points (SPM) at its Black Sea terminal Yuzhnaya Ozereyevka for inspections, two sources familiar with the loadings told Reuters.”CPC suspended loadings from S…

Caspian Pipeline Consortium (CPC) has suspended oil loadings from two of three single mooring points (SPM) at its Black Sea terminal Yuzhnaya Ozereyevka for inspections, two sources familiar with the loadings told Reuters.”CPC suspended loadings from S…

Russia’s Gazprom said that it will ship 42.3 million cubic metres (mcm) of gas to Europe via Ukraine on Saturday compared with 42.1 mcm on Friday.

Private equity firm Lone Star said on Friday its cash proposal to buy Bank of Cyprus Holdings PLC LUXSE:XS1865594870 was rejected by the lender’s board.Shares in the Cyprus-based firm, which are up about 11% so far this year, closed at around 1.14 euro…

Some 1,422 electrochemical industry workers represented by Norway’s Industri Energi union will go on strike from Monday after negotiations with their employers broke down on Saturday, the union said.Industri Energi said the companies initially targeted…

Argentina announced late on Friday a package of tax and customs benefits for the oil and gas industry meant to attract dollars to the South American nation, which is battling crippling inflation and a low level of foreign currency reserves. The measure…

Anshu Jain, the former Deutsche Bank AG XETR:DBK co-chief executive officer, died early on Saturday at the age of 59 after a long, serious illness, the bank said.”Anshu Jain played a key role in expanding Deutsche Bank’s position in our global business…

Anshu Jain, the former Deutsche Bank AG XETR:DBK co-chief executive officer has died after suffering from cancer for five years, Bloomberg News reported on Saturday. “We are deeply saddened that our beloved husband, son, and father, Anshu Jain, passed …

A domestic industry source informed the Polymerupdate team about price revision of PTA announced by Indian Oil Corporation Ltd (IOCL). The source said, “PTA local prices have been raised by Rs.1.60/kg basic, with effect from August 13, 2022. The new ba…

The United States and Switzerland can move towards free trade between their countries with sectoral deals and they are working on facilitating business in the pharmaceutical sector, the U.S. ambassador to Switzerland told the Tages Anzeiger newspaper.S…

TOKYO, Aug 12 (Reuters) – Japan’s benchmark Nikkei average TVC:NI225 rises 2.01 percent to 28,378.58 on Friday, while the broader Topix TSE:TOPIX gained 1.40 percent to 1,960.65.

TOKYO, Aug 12 (Reuters) – Japan’s benchmark Nikkei average TVC:NI225 opened up 1.55 percent at 28,251.74 on Friday, while the broader Topix TSE:TOPIX gained 1.07 percent at 1,954.30.

South Korea’s SK Hynix aims to select a U.S. site for its advanced chip packaging plant and break ground there around the first quarter of next year, two people familiar with the matter said, helping the United States to compete as China pours money in…

Hydro One said power has been restored in Toronto after an outage on Thursday that lasted nearly eight hours and affected about 10,000 customers.

Wall Street Finance (BOM:511147) has appointed Pooja Mishra as the chief financial officer of the company, with effect from Thursday, according to a post-market hours filing the same day.

The first grain ship to depart from Ukraine under a U.N.-brokered deal docked in Turkey on Thursday after 11 days at sea, Refinitiv data showed, and the ship’s agent in Turkey said it would continue to Egypt after unloading part of its cargo.The Razoni…

Canada’s main stock index on Thursday rose at the open, helped by strong quarterly results from Canada Goose TSX:GOOS on resilient luxury demand, while extending gains after lower-than-expected U.S. inflation data. At 9:31 a.m. ET (1331 GMT), the Toron…

South Africa’s data network provider Rain said on Thursday it had made a formal request to present the board of Telkom SA JSE:TKG with a merger proposal to combine the two businesses.Rain said its proposal would be an alternative offer to that made by …

Wall Street’s main indexes opened higher on Thursday, extending a rally from the previous session as fresh evidence of cooling inflation further cemented expectations of a smaller rise in interest rates. The Dow Jones Industrial Average DJ:DJI rose 142…

MeiraGTx Holdings NASDAQ:MGTX reported a Q2 net loss Thursday of $0.76 per diluted share, wider than its loss of $0.46 a year earlier. Four analysts polled by Capital IQ forecast a loss of $0.62. Related party license revenue was $10.8 million for the …

Liz Truss, the front-runner to become Britain’s next prime minister, plans to rush through tax cuts earlier than planned in an attempt to boost the country’s flagging economy, the Sunday Telegraph reported.Truss was considering accelerating by six mont…

Elon Musk on Saturday challenged Twitter Inc (BCBA:TWTRC) Chief Executive Officer Parag Agrawal to a public debate about the percentage of bots on the social media platform. “Let him prove to the public that Twitter has

Berkshire Hathaway Inc (BCBA:BRKBC) said on Saturday that Vice Chairman Greg Abel, who is next in line to succeed billionaire Warren Buffett as chief executive, sold his 1% stake in the company’s Berkshire Hathaway Energy unit for $870 million.In its q…

Tanzania will reduce liquidity over the rest of 2022 in order to tackle a surge of inflation, the central bank’s Monetary Policy Committee (MPC) said on Saturday. “The MPC approved the Bank of Tanzania to reduce the speed of expanding liquidity in the …

The slide in U.S. stock prices punished Berkshire Hathaway Inc’s (BCBA:BRKBC) bottom line in the second quarter as the company run by billionaire Warren Buffett posted a $43.8 billion loss.Berkshire nevertheless generated nearly $9.3 billion of profit …

The July employment report showed nonfarm payrolls surged by 528,000, more than double the 250,000 jobs increase expected in a survey compiled by Bloomberg, while June payrolls saw an upward revision to a 398,000 increase. Private payrolls rose by 471,…

Statistics Canada Friday said that the Labour Force Survey (LFS) of July posted 31,000 job losses while the unemployment rate was unchanged at 4.9%. MUFG provided a consensus in which it expected 15,000 job gains and an unemployment rate of 5.0%. Emplo…

Heroux-Devtek Inc. (TSX:HRX), a manufacturer of aerospace products and the world’s third-largest landing gear maker, said on Friday Q1 net income dropped to $0.97 million, or $0.03 per diluted share, from $6.7 million, or $0.19 per share, a year earlie…

OGE Energy (NYSE:OGE) on Thursday reported Q2 net income of $0.36 per diluted share, down from $0.56 per share a year earlier. Analysts polled by Capital IQ expected $0.42 per share. Operating revenue for the quarter ended June 30 rose to $803.7 millio…

Kuwait’s Agility (DFM:AGLTY), one of the largest Gulf logistics companies, said on Thursday it has finalised its 763 million-pound ($924.37 million) acquisition of British aviation services company John Menzies (LSE:68HN).Agility said it will combine t…

SNC-Lavalin Group (TSX:SNC) on Thursday reported adjusted diluted EPS from Professional Services and Project Management, or PS&PM, activities of $53.8 million, or $0.31 per diluted share, unchanged from a year earlier. Analysts polled by Capital IQ exp…

Kellogg Co (SWB:KEL) raised its full-year forecast for sales and adjusted operating profit on Thursday, banking on higher prices and resilient demand for its breakfast cereals and snacks. Kellogg, like other global packaged food makers, has been steadi…

The dollar edged down against most major currencies on Thursday as the positive impact of hawkish Federal Reserve comments faded and investors waited for more signs on the data front to confirm that more large rate hikes to curb inflation were coming.T…

Russia’s biggest carmaker Avtovaz (AVAZI_p.MM), which suspended some production due to sanctions and lack of components, is offering workers at its Izhevsk plant a one-off payment of about $3,000 to take voluntary redundancy, it said on Wednesday.Avtov…

Midland Exploration (TSXV:MD) on Wednesday reported that the heliborne VTEM-type (VTEM) electromagnetic survey launched last March has been completed on the Tete Nord nickel-copper (Ni-Cu) property. This property is owned by Midland but has been under …

The Canadian dollar strengthened against its U.S. counterpart on Wednesday as risk appetite showed signs of recovery and ahead of key domestic data later in the week.World stocks (.WORLD) stabilized after they were pressured on Tuesday by increasing te…

U.S. stock indexes opened higher on Wednesday after two days of declines as focus shifted to services activity data due later in the session for more clues on the health of the economy, while PayPal soared after raising its forecast.The Dow Jones Indus…

Most stock markets in the Gulf ended lower on Wednesday amid U.S.-China tensions over House Speaker Nancy Pelosi’s visit to Taiwan and as investors booked profits from a recent rally, with the Abu Dhabi index ending three sessions of gains.Saudi Arabia…

The European Union is seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts, Matthew Baldwin, deputy director general of the European Commission’s energy department, said on Saturday.Baldwin was speaking in…

Pakistan’s $33.5 billion external financing needs are fully met for financial year 2022/23, the central bank chief said on Saturday, adding that “unwarranted” market concerns about its financial position will dissipate in weeks.Fears have risen about P…

A domestic industry source informed the Polymerupdate team about price revision of MEG announced by Indian Oil Corporation Ltd (IOCL). The source said, “we have been told that MEG local prices have been increased by Re.0.50/kg basic, with effect from J…

A domestic industry source informed the Polymerupdate team about price revision of PTA announced by Indian Oil Corporation Ltd (IOCL). The source said, “we have been told that PTA local prices have been raised by Re.0.20/kg basic, with effect from July…

A domestic industry source informed the Polymerupdate team about price revision of DEG announced by Indian Oil Corporation Ltd (IOCL). The source said, “we have been told that DEG local prices have been reduced by Re.0.70/kg basic, with effect from Jul…

Major digital assets turned lower as of Friday late afternoon, tracking losses in the US equity markets. Bitcoin (BTC), the largest cryptocurrency by market value, was changing hands at $23,096, down 0.2% in the past 24 hours, after reaching a day high…

Chicago Board of Trade wheat futures tumbled nearly 6% on Friday after Russia and Ukraine signed a landmark deal to reopen Ukrainian Black Sea ports for grain exports, traders said.

The U.S. dollar shrugged off early weakness to edge higher against a basket of currencies on Friday, after data showed U.S. business activity shrank for the first time in nearly two years in July as a services slowdown outweighed manufacturing growth.S…

Volkswagen said Friday that its supervisory board named Oliver Blume as chairman of the management board, effective Sept. 1. Blume, who joined the Volkswagen Group in 1994, will succeed Herbert Diess, who will resign. The Germany-based automotive manuf…

In Canada, the release of GDP data for May next Friday will attract a lot of attention. Judging from industry-level reports published to date, economic output may have contracted 0.2% in the month, with positive contributions from retail, wholesale and…

Here’s a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 4:06 GMT. NOTES: The State Bank of Vietnam began setting the mid-point rate on a daily basis …

Chinese autonomous driving startup Pony.ai has become the second company to win regulatory approval to operate a robotaxi service in Beijing, according to a Weixin post on Wednesday. Pony.ai, backed by FAW Jiefang (SZSE:000800) parent FAW Group and Toy…

Orient Bell (NSE:ORIENTBELL, BOM:530365) clocked a consolidated net profit of 70 million Indian rupees ($876, 199) in the fiscal first quarter, rebounding from a consolidated net loss of 51.2 million rupees a year ago. Earnings per share for the three …

Malaysia’s consumer price index (CPI) rose 3.4% from a year earlier in June, government data showed on Friday.The rise was more than the 3.1% growth forecast by economists in a Reuters poll and the 2.8% growth seen in May.June’s inflation was driven ma…

The Australian and New Zealand dollars were headed on Friday for their best week in several months, buoyed by a more positive market mood and U.S. dollar softening, with a retreat in U.S. rate hike expectations just as they are building up in the Antip…