The U.S. dollar turned weak Thursday morning after data showing a jump in jobless claims raised the prospect of interest rate cuts this year. However, it recovered as the day progressed and even managed to gain some ground against a few of its major counterparts. Data from the Labor Department showed that initial jobless claims...
European stocks turned in a mixed performance on Monday with investors awaiting more economic data, including U.S. personal income and spending report, for directional clues. Also, with investors appeared a bit reluctant to go on any big buying ahead of a long weekend. The cautious mood was also due to an escalation in the trade...
The Bank of Japan left its key interest rate unchanged near zero and the bank\'s latest projections showed the underlying inflation staying around 2 percent that further damped expectations for aggressive tightening in future. The BoJ policy board, headed by Governor Kazuo Ueda, unanimously decided to hold the overnight interest rate at around 0 to...
Visa, Inc. (V) announced Tuesday a 7-year agreement with Western Union (WU) under which Western Union customers will be able to send money to their family and friends\' eligible Visa cards and bank accounts in 40 countries across five regions. The agreement includes card issuance, Western Union\'s integration with Visa Direct, and value-added services delivery...
While reporting financial results for the fourth quarter on Thursday, brick-and-mortar retailer Build-A-Bear Workshop, Inc. (BBW) initiated its revenue growth guidance for the full-year 2024. For fiscal 2024, the company expects revenue growth on a low-to-mid-single-digit percentage basis and adjusted total revenue growth on a mid-single-digit percentage basis. On average, three analysts polled by Thomson...
Indian shares ended a choppy session little changed on Tuesday, with risk sentiment dented to a degree by heightened geopolitical tensions in the Middle East. The risk of a wider conflict in the Middle East has lessened in the short term but Iran still poses a significant danger as it considers striking Israel, Americas top...
(Reuters) - Luggage maker Samsonite International said on Friday that it planned to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and to reach investors in more markets. Samsonite did not provide details of the stock exchanges being considered for the...
Hungary is eyeing to establish a comprehensive crypto regulatory framework which would enable local banks to directly offer cryptos. The country’s move to embrace crypto comes at a time when the European Union’s Markets in Crypto Assets regulation, MiCA, is due to take effect in 2024. Early this month, Hungary government released the draft law...
German economic confidence improved only marginally in June, survey data from the ZEW economic research institute showed Tuesday. The ZEW Indicator of Economic Sentiment rose slightly to 47.5 in June from 47.1 in the previous month. The reading remained below forecast of 50.0. Assessment of current situation deteriorated in June with the index falling to...
Anchiy/Getty Images Par for cryptocurrencies, Ethereum has been volatile since day one and ruled by whims over its nearly 10-year life. Case in point: A game called CryptoKitties launched on Ethereum in November 2017, allowing players to buy, breed and trade digital cats. The game briefly went viral, taking Ethereum with it. Ethereum was trading...