Dollar Sees Biggest Weekly Drop in a Year as Trump Trade Stalls
Yen was leading gains among peers as bets on BOJ hike rise Dollar rally due to pause after election euphoria: Jefferies The US dollar is heading for the biggest weekly loss in a year, pulling back from the sharp run up fueled by speculation that Donald Trump’s...
Brazil’s Real Hits All-Time Low as Spending Cuts Disappoint
Plan to cut government spending falls flat with investors Currency is down 19% this year, the worst among majors The Brazilian real dropped to a record low and stocks slumped the most since early 2023 as a proposal to cut some $12 billion in public spending...
Brazil President Lula Cuts Spending by $12 Billion as Investor Concerns Soar
Investors are seeking austerity as public debt rises The Brazilian real fell to an all-time low on Thursday Brazil Finance Minister Fernando Haddad unveiled a long-sought plan to cut 70 billion reais ($11.8 billion) from public spending through 2026 as investors’...
French 10-Year Borrowing Costs Match Greece’s for First Time
France’s bonds have been underperforming peers on budget risks Investors await S&P credit rating update due on Friday France’s benchmark bond yield matched Greece’s for the first time on record, the latest milestone in a week marked by mounting anxiety over the...
Counterfeit Dollar Scare Hits FX Trade at Istanbul’s Grand Bazaar
Fears of counterfeit $50 and $100 bills have disrupted foreign-exchange trade at Istanbul’s Grand Bazaar. Some bureaus at the bazaar, a traditional hub for currency trading, stopped purchasing the bills, saying the counting machines they use can’t identify the fake...
Microsoft faces wide-ranging US antitrust probe
Competitors complain Microsoft locks customers into its cloud service FTC earlier set the stage for probe into Microsoft's role in AI market Investigation's future uncertain under Trump administration The U.S. Federal Trade Commission has opened a broad antitrust...
Boom in Unlisted Share Trading Creates Riches and Risks in India
Trading volume has risen multifold over the past year Concerns are growing about scams targeting retail investors As India’s stock exchanges expand, minting dozens of billionaires over the past few years, a sprawling and largely unregulated gray market for unlisted...
Trump’s Treasury pick and former Soros money manager Scott Bessent’s hedge fund reaped windfall during 2022 downturn
President-elect Donald Trump’s pick for Treasury secretary operates a hedge fund that reaped a massive windfall two years ago — even as global markets sagged under the punishing weight of inflation, according to a report. Scott Bessent’s investment firm Key Square...
Social Commerce 2024: Definition, Key Trends, and Statistics
Social commerce – the use of social media for shopping – has revolutionized how consumers discover and buy products online. As this trend continues to grow, businesses must adapt to stay competitive. In this article, we will explain what social commerce is, its key...
Nutriband Receives Hong Kong Patent Notice of Publication for Its Aversa™ Abuse Deterrent Transdermal Technology
AVERSA Fentanyl has the potential to be the world's first and only abuse-deterrent opioid patch Nutriband Inc. (NASDAQ:NTRB)(NASDAQ:NTRBW), a company engaged in the development of prescription transdermal pharmaceutical products, today announced that it has received a...
China’s Industrial Profits Extend Fall on Deflation Woes
Drop in October comes even after recent stimulus measures Profits are on track for a third consecutive annual decline China’s industrial firms saw profits decline for the third straight month, as worsening producer price deflation and sluggish factory output...
Dell, HP Inc. Report Disappointing Sales on Slower PC Market
Quarterly PC shipments declined after earlier bump up in 2024 Computer purchases are getting pushed into 2025, Dell CFO says Dell Technologies Inc. and HP Inc. reported quarterly financial results that suggest a long-awaited recovery of the personal computer market is...
China’s Stock Rally Faces Risk as Retail Enthusiasm Seen Cooling
Major exchange-traded funds on track for record outflows Retail sentiment hinges on further actions from Beijing Retail investors are cashing out from China’s exchange-traded funds, risking further market volatility if Beijing fails to boost sentiment, according to...
HP Gives Lackluster Profit Outlook on Slow PC Market Recovery
HP Inc. gave an outlook for profit in the current quarter that fell short of estimates, suggesting a setback in the personal computer market’s recovery from a yearslong slump. Earnings, excluding some items, will be 70 cents to 76 cents a share in the fiscal first...
