Author: Press Room
The currency pair is looking to end a three-week losing streak, with early trading today seeing the pair slightly lower at $0.5890/95, a narrow range below $0.59 due to softer US equity futures. Despite this minor setback, the pair has been extending gains for the third day in a row, nearing a two-week high above 0.5900. The recent surge has been driven by a selling bias in USD and upbeat equity markets. A comfortable breach of the 20-Day EMA ($0.5875) has set bullish traders’ targets at the November 2 high ($0.5917) and $0.60 handle, while bears are targeting the 20-Day…
YORKTOWN, Va. – EXCLUSIVE – Republican Gov. Glenn Youngkin is donning the red vest once again, in the final stretch on the campaign trail ahead of Tuesday’s crucial legislative elections in Virginia, a closely watched 2024 bellwether. Youngkin wore a similar red vest two years ago, as the first-time candidate who hailed from the party’s business wing edged out former Democratic Gov. Terry McAuliffe to become the first GOP candidate in a dozen years to win a gubernatorial election in the one-time swing state that had trended towards the Democrats the previous decade.His win energized Republicans and instantly made Youngkin a…
Yat Siu, cofounder and executive chairman of Animoca Brands, at Hong Kong’s Fintech Week on November 3, 2023.Shanshan Kao/Forbes Asia Yat Siu, cofounder and executive chairman of Hong Kong-based blockchain investor Animoca Brands, said Sam Bankman-Fried’s conviction for orchestrating a multibillion dollar fraud at his FTX crypto exchange should mark the end of an era of unlawful practices in the industry and help to get the crypto markets onto a more solid foundation. “One of the problems that we’ve had, narratively, is that sometimes people thought it wasn’t Sam Bankman-Fried, but it was the crypto industry,” Siu said Friday during…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.AP Møller-Maersk has said it plans to axe at least 10,000 jobs as the container shipping industry’s pandemic-driven boom gives way to weaker demand and overcapacity.Container shipping lines had already warned this year would be much tougher, but Maersk said on Friday the picture had deteriorated and that it was stepping up cost cuts.The Danish group said it aimed to reduce its workforce from 110,000 to below 100,000, a move that would generate annual savings of $600mn.In a sign of the strains…
© Reuters. FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo By Ankur Banerjee and Alun John SINGAPORE/LONDON (Reuters) – The euro and pound were heading for weekly gains against the dollar on Friday, as the U.S.-led rally in global bonds sent yields down, and with them the dollar, bringing relief even to the embattled Japanese yen. Always-crucial U.S. non farm payrolls data due at 1230 GMT – the most important data point in a packed week – could change that narrative completely…
5/5 © Reuters. Cut diamonds are seen at the diamond exchange in Antwerp, as the G7 weighs a ban on Russian diamond imports to reduce revenues for Moscow’s war in Ukraine, Antwerp, Belgium, October 30, 2023. REUTERS/Johanna Geron 2/5 By Julia Payne ANTWERP, Belgium (Reuters) – Only a few weeks after Russia invaded Ukraine in February 2022, Antwerp-based diamond dealer Thierry Tugendhaft started receiving calls from big jewellers in Paris asking him to stop supplying them with Russian stones. He was not the only one. Other diamond firms in Antwerp, the world’s biggest centre of trade in rough diamonds and…
Warning: VFS is at high risk of performing badly
© Reuters. Visa (NYSE:), in collaboration with HSBC and Bank, has completed the first phase of a Central Bank Digital Currency (CBDC) trial in Hong Kong. The trial, backed by Beijing’s central government, achieved “near real-time” transfers using tokenized electronic Hong Kong Dollar (e-HKD) deposits while preserving non-bank users’ information privacy. The pilot functioned 24/7 and was part of Visa’s “Digital Hong Kong Dollar” initiative by the Hong Kong Monetary Authority (HKMA). The test focused on the utility of tokenized deposits in interbank business-to-business payments, particularly property payments and settlements between institutions and merchants. The outcomes highlighted faster transaction speeds,…
Secretary of State Antony J. Blinken will urge the Israeli government to agree to a series of brief cessations of military operations in Gaza to allow for hostages to be released safely and for humanitarian aid to be distributed, White House officials said on Thursday.The message comes as President Biden revealed on Wednesday that Prime Minister Benjamin Netanyahu of Israel had previously agreed to halt shelling briefly on Oct. 20 to allow for the release of two Americans, Judith Raanan, 59, and her daughter, Natalie Raanan, 17.The push for what American officials call “humanitarian pauses” is one of several subjects…
Alexa is the voice-assistant technology that powers Amazon Echo devices. Alexa once led the sector but has been losing market share to competitors. In the future, Alexa may have more ChatGPT-like generative AI features, a leaked document shows. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Voice-assistant technology is revolutionizing the way we interact with our environments. One major player in this space is Amazon Alexa, Amazon’s virtual voice assistant that can answer your questions and help you manage your smart home. Alexa stands shoulder…