Asian stock markets are trading mixed on Tuesday, following the mixed cues from Wall Street overnight, as traders seemed reluctant to make significant moves ahead of key US inflation data later in the week, which is expected to show a slowdown in the pace of annual price growth, could impact the outlook for interest rates....
LAS VEGAS - Allegiant Travel Company (NASDAQ:ALGT), the Las Vegas-based airline, has released its preliminary passenger traffic figures for January 2024, showing a small decrease in the number of passengers and revenue passenger miles compared to the same period last year. The data indicates that Allegiant carried 1,176,117 passengers in scheduled service in January this...
Nigeria’s Central Bank has teamed up with the blockchain-powered financial platform Gluwa Nigeria to accelerate the use of eNaira, the nation’s central bank digital currency (CBDC). The collaboration, announced by Gluwa on March 7, highlights the ongoing efforts by Nigeria’s Central Bank to overcome challenges in both financial inclusion and CBDC adoption. Nigerian Central Bank...
New residential construction in the U.S. saw a steep drop in the month of July, according to a report released by the Commerce Department on Friday. The report said housing starts plunged by 6.8 percent to an annual rate of 1.238 million in July after jumping by 1.1 percent to a revised rate of 1.329...
The Antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Thursday amid risl appetite, as traders reacted positively to a closely watched report on U.S. consumer price inflation that showed a smaller-than-expected increase in the month of April to reinforce expectations the U.S....
By Aditya Kalra NEW DELHI (Reuters) -A group representing Indian startups has asked the country\'s antitrust watchdog to order Alphabet (NASDAQ:GOOGL) Inc\'s Google to reinstate apps it removed for policy violations, a letter seen by Reuters shows, escalating a showdown with the U.S. giant in a key market. Google on Friday removed more than 100...
(Reuters) -Democrat Congresswoman Maxine Waters (NYSE:WAT) said on Wednesday she was \"deeply opposed\" to Capital One Financial (NYSE:COF)\'s $35.3 billion planned acquisition of Discover Financial and called on banking regulators to block the deal. \"This merger represents yet another struggle to rein in the economic power of the megabanks, and ensure that our financial system...
European stocks drifted lower on Monday, with French stocks coming under heavy selling pressure, after President Emmanuel Macron called for snap legislative elections later in June. Macron\'s decision comes after the European Union elections showed a broader shift towards right-wing and far-right parties. Focus also shifted toward Federal Reserve policymakers updating their rates forecast on...
Economic confidence survey data from the euro area is the top economic news due on Wednesday. At 3.00 am ET, producer prices from the Czech Republic and business sentiment from Sweden are due. The Czech producer prices are expected to fall 1.8 percent annually in January, in contrast to the 1.4 percent rise in December....
According to a local news outlet, the International Monetary Fund (IMF) has stipulated that Pakistan’s Federal Board of Revenue (FBR) must levy a capital gains tax (CGT) on crypto investments and real estate as part of the conditions for receiving a $3 billion bailout package. Additionally, the IMF has advised Pakistan to reevaluate the taxation...