The U.S. dollar extended its recent weakness and shed ground against its major counterparts on Thursday amid continued bets the Federal Reserve will cut interest rates this year. The European Central Bank\'s policy announcement, its views on interest rates, Fed Chair Jerome Powell\'s congressional testimony, and the latest batch of U.S. economic data were all...
Canadian stocks moved higher and lifted the benchmark S&P/TSX Composite Index to a fresh one-year high on Wednesday thanks to sustained buying at several counters amid rising optimism about interest rate cuts by major central banks. The S&P/TSX Composite Index, which opened modestly higher at 21,629.05, ended the session with a strong gain of 200.60...
Asian stocks ended mixed on Thursday, with Japanese markets falling heavily as the yen hit a one-month high against the dollar on growing speculation that the Bank of Japan could end negative interest rates this month. Chinese and Hong Kong markets also ended lower as rising U.S.-China tensions overshadowed better-than-expected trade data for the first...
The euro weakened against other major currencies in the European session on Thursday. The euro fell to a 3-week low of 161.04 against the yen, from an early high of 162.69. Against the pound, the Swiss franc and the U.S. dollar, the euro slipped to 0.8548, 0.9593 and 1.0888 from early highs of 0.8563, 0.9621...
German stocks declined on Thursday after data showed Germany\'s factory orders declined sharply in January. New orders in manufacturing posted a monthly decline of 11.3 percent, in contrast to the 12.0 percent increase in December. Economists had forecast a 6.0 percent fall. Destatis said the sharp decline in January was due to the high volume...
Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam has reiterated his call for Congress to pass legislation clarifying crypto regulation. The call for congressional action was presented during Wednesday’s hearing before the House Agriculture Committee. Crypto Regulation is Lagging Behind Behnam emphasized the situation’s urgency, citing the rapid growth of the crypto market and its...
(Reuters) - Boeing (NYSE:BA) said on Thursday it is overhauling how it pays employee bonuses to emphasize quality and safety, with this year\'s operational goals exclusively focused on these two components. This announcement comes as the planemaker has scrambled to explain and strengthen safety procedures after a door panel detached during a Jan. 5 flight...
French stocks traded lower on Thursday as investors awaited the ECB\'s rate decision as well as President Christine Lagarde\'s press conference for directional cues. The central bank is expected to keep interest rates unchanged at record highs for the fourth policy meeting in a row but could signal potential future cuts in case there is...
By Josh Ye HONG KONG (Reuters) - Lingxi Games, Alibaba (NYSE:BABA) Group\'s video games arm, has told staff its leadership team will step down to make way for younger management, according to an internal memo. Since last year, Alibaba has focused on promoting younger people born after 1985 to management teams - a strategy it...
The Hong Kong government recognized Binance, a prominent cryptocurrency exchange, with the Cyber Security Professional Merit Award, highlighting its efforts to safeguard users in the dynamic Web3 landscape. The crypto exchange received the award under the banking and finance category. Thus, it became the only Web3 firm to receive such an award from Hong Kong...