The Bank of England reduced its benchmark rate for the second time this year citing continued progress in disinflation. The Monetary Policy Committee decided to lower the rate by 25 basis points to 4.75 percent. The outcome of the two-day meeting matched expectations. Previously, the bank had reduced the policy rate by a quarter-point in...
Canadian shares may open higher Thursday morning, tracking largely positive European stocks, but weak commodity prices could weigh on energy and materials sectors and limit markets upside. The focus will be on the Federal Reserves policy announcement later in the day. The Fed is widely expected to cut interest rate by 25 basis points. Investors...
ArcelorMittal S.A. Thursday reported sharply lower profit in its third quarter as revenues were hit by weak production, shipments and steel prices. Going ahead, the company projects increased demand in the second half as well as over the medium/long-term. The steel majors shares were gainig around 6 percent on the Amsterdam trading, and around 5...
A report released by the Labor Department on Thursday showed a modest rebound by first-time claims for U.S. unemployment benefits in the week ended November 2nd. The Labor Department said initial jobless claims crept up to 221,000, an increase of 3,000 from the previous weeks revised level of 218,000. Economists had expected jobless claims to...
Labor productivity in the U.S. increased by slightly less than expected in the third quarter, according to a report released by the Labor Department on Thursday, while unit labor costs rose by much more than expected. The Labor Department said labor productivity shot up by 2.2 percent in the third quarter after surging by a...
The Bank of England reduced its benchmark rate for the second time this year citing continued progress in disinflation but suggested that further easing is set to be gradual as the last weeks budget has upward impact on inflation. The Monetary Policy Committee decided to lower the rate by 25 basis points to 4.75 percent....
The Singapore stock market has moved higher in four straight sessions, gathering almost 120 points or 3.3 percent along the way. The Straits Times Index now sits just above the 3,670-point plateau and its tipped to open in the green again on Friday. The global forecast is positive after the Federal Reserve cut its benchmark...
Binance launches On-chain Yields, introducing Babylon BTC Staking with direct rewards through Babylon Points.Babylon BTC Staking enables Bitcoin staking on PoS networks without third-party custodians or bridging solutions. Binance has taken a huge step toward furthering decentralized finance by launching its On-chain Yields financial products, with Babylon BTC Staking serving as the first sponsored project....
South Korea’s crypto market plummeted after martial law was declared, with Bitcoin dropping 30% on Upbit.Crypto whales capitalized on market panic, transferring $163M USDT to seize discounted assets. South Korea’s cryptocurrency market experienced a massive downturn after President Yoon Suk Yeol declared martial law, citing national security concerns. This development aligns with a recent CNF...
Bitcoin supercycle gains traction as global adoption accelerates, supported by nation-states and major institutional players.Scarcity intensifies as Bitcoin reserves on exchanges hit record lows, potentially drained within 200 days. The worldwide Bitcoin movement is accelerating at an unprecedented rate, and the prospect of Bitcoin reaching $800,000 in the next 200 days no longer appears implausible....