Financial news

22.10.2021 13:00:11

Ripple CEO claims SEC had a hand in ETH triumph over XRP on No. 2 spot

On October 21, at the DC Fintech Week virtual conference, Brad Garlinghounse, the Ripple CEO, articulated his thoughts regarding the crypto market's current situation and regulations that it implements. His vitriol against the financial regulator's ...
22.10.2021 12:00:26

American Express Publicizes Earnings; forecasts bested in Q3

On Friday, American Express publicized its Q3 earnings that evidently bested forecasts made by analysts with revenues topping all expectations. The multinational financial services corporation reported their earnings per share of $2.27 based ...
22.10.2021 10:00:12

Aurizon announces ORA takeover

Aurizon Holdings Ltd. announced on Friday that it would buy One Rail Australia (ORA) for $1.75 billion as the company turns to coal for diversity and to add bulk capacity. The announcement caused concerns over the outlay and the effect on ...
22.10.2021 10:00:12

Gold up, set for weekly gain

Gold edged higher on Friday in Asia and was on track for its second weekly gain. A weakening dollar provided breathing room from higher U.S. bond yields and increasing bets that central banks would soon begin asset tapering. Gold futures jumped ...
22.10.2021 10:00:12

China coal futures sink further

China’s thermal coal futures plunged about 13% on Friday, extending their losses since Tuesday when Beijing announced its plan to step in to ease the commodity’s rising prices and help electricity producers get out of a widespread ...
22.10.2021 10:00:12

Dollar falls despite early boost from strong U.S. data

The dollar was on track to its second-week decline after dropping on Friday morning in Asia. The loss came despite strong United States’ economic data that lifted the safe-haven currency before the start of the Asian session. The U.S. ...
22.10.2021 10:00:11

Biden supports filibuster custom revision, corporate tax hike unlikely

On Thursday, U.S. President Joe Biden backtracked on projected tax hikes, which would fund planned infrastructure and social spending. Biden also conveyed his openness to “fundamentally alter” Senate’s voting rights. After ...
22.10.2021 10:00:10

Northern Irish trade dispute might end soon, says minister

The disagreement between the United Kingdom and the European Union over Northern Irish trade might be resolved in weeks, putting an end to the province's economic turmoil. On the sidelines of an EU summit in Brussels on Thursday, Ireland’s ...
21.10.2021 11:00:13

Dollar recovers, pound rallies as investors expect BOE’s rate hikes

The dollar recovered on Thursday morning in Asia. The pound also gained but missed its Tuesday peak as investors became certain of the Bank of England’s (BOE) interest rate hike earlier this November. The U.S. Dollar Index that ...
21.10.2021 11:00:12

German Finance Ministry sees economic growth, moderate inflation next year

The German Finance Ministry said tax take has grown substantially this year. In its monthly report on Thursday, the ministry said the economy would sharply recover next year should inflationary pressures ease. The total tax take of central ...
21.10.2021 11:00:12

Study shows more Britons worry over budget crunch as inflation worsens

More Britons claimed in a monthly survey by Kantar Public that paying bills and keeping their homes warm this winter became more challenging as the public experience the impact of rising inflation. Published on Thursday, the study, conducted ...
21.10.2021 11:00:12

Oil falls, losses capped by U.S. demand, fuel switch

Oil prices dropped on Thursday as some investors raked profits from the recent rally. Solid demand in the U.S. and a switch from coal and gas to fuel oil amid rising prices dampened the black liquid’s losses. Brent crude futures edged ...
21.10.2021 11:00:12

Gold up, lifted by weak dollar

Gold edged higher on Thursday in Asia, extending small gains into a third session over a weakening dollar. Gold futures jumped 0.12% to $1,787 by 12:02 AM ET (4:02 AM GMT), remaining within the $1,759 to $1,788 range that the safe-haven asset ...
21.10.2021 11:00:11

Asian shares falter as Evergrande concern replace upbeat mood

Asian shares tumbled on Thursday as the previous day’s upbeat mood fizzled out, replaced by concerns over a possible default by property giant China Evergrande. The wary mood seemed set to settle over the global market, with European ...
21.10.2021 10:00:11

AMC boss excited with crypto issuance prospect

AMC, the American multinational entertainment titan is thrilled at the prospect of using a blockchain and the company’s chief executive disclosure of the possibility of issuing its own cryptocurrency. On Oct. 20, AMC chief executive ...
21.10.2021 09:00:11

European stocks decline on Evergrande impact; quarterly results mixed

European shares have declined Thursday, caused by distressing sentiment on worries that have resurged from China's property sector and mixed quarterly results. The pan-European STOXX 600 index slipped by 0.4% at 0710 GMT, plunging from its ...
20.10.2021 11:00:10

Polkadot's project, Manta Network completes a funding round of $5.5M

The Polkadot Privacy layer project, Manta Network, has just accomplished a funding round to carry on scaling decentralized finance (DeFi) use cases through the boost of blockchain privacy. Made public on Tuesday, the recent $5.5-million funding ...
20.10.2021 10:00:12

Oil slips as Beijing steps in to ease power shortage

Oil prices dropped on Wednesday following the Chinese government’s doubled efforts to ease record-high coal prices and keep coal mines operating at full capacity as Beijing moved to curb a power shortage. Prices of Chinese coal and other ...
20.10.2021 10:00:12

Japan export lags, import picks up

Japan’s export experienced its slowest growth in seven months in September. Meanwhile, an increase in imports added to fears that disruptions in global supply chains due to the pandemic could upend a fragile economic recovery. The growth ...
20.10.2021 10:00:12

Upbeat outlook, corporate earnings boost Asian shares

Asian shares climbed up, and U.S. long-dated bond yields rose to a five-month high on Wednesday, both lifted by rising optimism about the global economy and corporate earnings. Japan’s Nikkei edged up 0.8%, while MSCI’s broadest ...
20.10.2021 10:00:12

Gold stabilizes as investors await Fed comments

Gold settled as investors looked out for comments from the U.S. Federal Reserve officials this week. The comments from the Fed could give insight into the possibility of tighter monetary policy. Bullion recently experienced fluctuation as ...
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