The euro area economy posted a steady growth as initially estimated in the second quarter, flash estimate published by Eurostat showed on Wednesday. Gross domestic product climbed 0.3 percent in the three months to June, which was similar to the first quarter growth and matched the estimate published on July 30. Year-on-year, economic growth improved...
Amid fluctuating markets, Bitcoin dips below $70,000, spotlighting debates on its future price. U.S. and U.K. sanctions against Gaza Now’s crypto operations underscore ongoing regulatory scrutiny, possibly influencing Bitcoin’s trajectory. Meanwhile, BlackRock’s bullish stance and the success of its Bitcoin ETF highlight growing institutional interest. Casa’s new inheritance solution for Bitcoin ensures secure asset transfers,...
BEIJING (Reuters) - Chinese electric-vehicle (EV) maker Xpeng (NYSE:XPEV) announced plans to launch a cheaper brand, entering a highly competitive segment amid an intense price competition in the EV industry. Models of the brand, to be launched within the next month, will be priced between 100,000 yuan and 150,000 yuan ($14,000-$21,000), Xpeng Chairman and CEO...
The Singapore stock market on Thursday halted the two-day slide in which it had dipped just 5 points or 0.15 percent. The Straits Times Index now sits just above the 3,625-point plateau and it may tick higher again on Friday. The global forecast for the Asian markets suggests mild upside on decent earnings and economic...
Producer prices in South Korea were up a seasonally adjusted 0.3 percent on month in February, the Bank of Korea said on Friday - slowing from 0.5 percent in January. Individually, prices for agricultural, forestry and marine products rose 0.8 percent on month, while manufacturing products were up 0.5 percent, utilities slumped 0.9 percent and...
The Bank for International Settlements (BIS) released recommendations for the regulation, supervision, and oversight of global stablecoin arrangements in a February 29 executive summary. The international financial institution acknowledged the potential of stablecoins to enhance the efficiency of financial services, but they also highlighted the possibility of the assets generating risks to financial stability. Potential...
-- Japan’s Nikkei 225 index opened above its record closing high on Thursday, and remained within sight of new intraday peaks as hype over artificial intelligence drove strong gains in the technology sector. The Nikkei 225 opened up 1.8% at 38,920 points- crossing its 1989 record closing high of 38,915 points, and coming within spitting...
(Reuters) -Lennar Corp reported first-quarter profits above Wall Street estimates on Wednesday, as historically low existing home supply led to sustained demand for new unit construction. The company delivered 16,798 homes in the quarter ended Feb. 29, a 23% jump from a year earlier. \"Macroeconomic environment remained relatively consistent throughout the quarter,\" said Stuart Miller,...
In a surprising turn of events, researchers cracked an 11-year-old crypto wallet containing $3 million in Bitcoin by exploiting a flaw in an outdated version of the RoboForm password manager. This breakthrough not only recovered a significant amount of lost Bitcoin but also raised important questions about Bitcoin price predictions and the security of long-term...
Crypto wallet developer Exodus Movement has received approval to list its common stock on the NYSE under the ticker EXOD. Trading for the stock will commence on the platform on May 9, the company announced on Monday. “Trading on the NYSE American will allow Exodus to create greater long-term value for our stockholders by increasing our...