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U.Today – (SHIB) is showing signs of life amid a market that has been relatively quiet in terms of liquidity and volatility. Over the weekend, the meme coin displayed a green candle, sparking optimism among traders and investors. This uptick is particularly noteworthy because it comes at a time when the broader market is relatively […]
SINGAPORE (Reuters) -Oil prices were marginally lower on Monday as investors stayed fretful over the pace of economic growth in China, and the prospect of further U.S. interest rate hikes that could dampen fuel demand. Brent crude fell 8 cents, or 0.1%, to $84.40 a barrel by 0330 GMT, while U.S. West Texas Intermediate crude […]
Investing.com – European stock markets are expected to open lower Thursday on growing worries around China’s stuttering economy and the potential for higher U.S. interest rates. At 02:00 ET (06:00 GMT), the DAX futures contract in Germany traded 0.6% lower, CAC 40 futures in France dropped 0.7% and the FTSE 100 futures contract in the U.K. fell 0.3%. European equities are […]
OSLO (Reuters) – Norwegian oil and gas companies plan to invest more in 2023 and 2024 than previously thought, driven mainly by rising activity as well as cost inflation from a weaker crown currency, a national statistics office (SSB) survey showed on Thursday. The country’s biggest business sector now expects to invest 213 billion Norwegian […]
NEW DELHI (Reuters) -Boeing has emerged as the front-runner to secure an order for around 25 wide-body planes from IndiGo, industry sources told Reuters on Monday, as India’s biggest airline deepens its international expansion with new destinations. IndiGo is in talks to buy Boeing (NYSE:BA)’s 787 family of twin-aisle aircraft, which has been pitted against […]
(Reuters) – U.S. equity funds saw heavy outflows in the seven days to Aug. 9 amid investor caution ahead of the U.S. inflation data and concerns over credit rating downgrades in the banking sector. According to Refinitiv Lipper data, investors withdrew about $14.96 billion from U.S. equity funds during the week, their biggest week of […]
NEW YORK/LONDON (Reuters) -The dollar pared gains on Friday after a slightly bigger increase in U.S. producer prices in July sent Treasury yields higher to bolster the U.S. currency even as expectations grow that the Federal Reserve is at the end of hiking interest rates. The producer price index for final demand rose 0.3%, the […]
LONDON (Reuters) – China’s largest private copper producer Nanfang Nonferrous is due to bring a major new smelter to production by October, more than doubling its capacity, a few months ahead of expectations, four sources with direct knowledge of the matter told Reuters. Used for wiring in electric vehicles, copper is a key plank of the energy […]
Crypto.news – Bitcoin miner Riot has unveiled its financial results for Q2 2023, reporting a total revenue of $76.7 million. The results highlight the company’s resilience in a fluctuating market, with a 27% increase in Bitcoin production contributing significantly to its success. Riot has reduced the average cost of mining Bitcoin to $8,389, down from $11,316 in […]
(Reuters) -Payments giant PayPal (NASDAQ:PYPL) said on Monday it has launched a U.S. dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. While stablecoins – crypto tokens whose monetary value is pegged to a stable asset to protect from wild volatility – have been around for years […]