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China Bans Financial, Payment Institutions From Cryptocurrency Business
China has banned financial institutions and payment companies from providing services related to cryptocurrency…
Sterling Rises Above $1.42 After UK Jobs Data
Versus a weaker dollar, the British pound rose to a three-month high on Tuesday, with sentiment also boosted by…
Dollar Drops As Yield Support Fades Amid Expectations Of Low U.S. Rates
The dollar plumbed a six-year trough against the Canadian dollar and teetered near multi-month lows versus European…
UK Jobless Rate Falls Again, Hiring Up As Lockdown Eases
Britain's unemployment rate fell again to 4.8% between January and March, when the country was under a tight…
China’s Yuan Firms As Dollar Drops On U.S. Rate Outlook
China's yuan strengthened on
Tuesday as investors tempered earlier expectations that the U.S.
central bank could…
Pound-Dollar Steady On UK Lockdown Easing
The Pound US Dollar (GBP/USD) exchange rate is steady as the latest lockdown easing measures come into force across…
California regulator reviews Tesla’s self-driving claims
A California regulator said on Monday it is reviewing whether Tesla Inc (TSLA.O) violated regulations by falsely…
Berkshire sheds nearly all of Wells Fargo, a holding since 1989
Berkshire Hathaway Inc (BRKa.N) has sold nearly all of its holdings in Wells Fargo & Co (WFC.N), as Warren…
Some big U.S. hedge funds loaded up on SPACS, value stocks during first quarter
A number of well-known U.S. hedge funds bought value stocks and blank-check acquisition companies, selling some…
Bitcoin drops to 3-month low in wild trading after Musk tweets
Bitcoin fell to a three-month low on Monday in a volatile session that saw investors selling and buying the digital…
Dollar Essentially Unchanged As Treasury Yields Hold Steady
The dollar on Monday held steady near recent lows as new restrictions in Asia to contain COVID-19 and mixed…
Apple’s App Store chief kicks off iPhone maker’s defense at Epic Games…
Apple Inc (AAPL.O) on Monday began its formal defense in an antitrust trial brought by "Fortnite" online game…
Summer Travel Is Returning: Here’s Who’s Booking And Where They’re Going
More than half (56%) of Europeans intend to travel this summer with the vast majority choosing to stay within the…
PM Urges ‘Heavy Dose Of Caution’ As Hugs, Indoor Pints And Foreign…
As the country moves to stage thre of the PM's roadmap, friends and family will enjoy greater freedom to gather…
Why Airbnb (ABNB) Looks Set To Bounce Back
It is easy to argue, as so many have over the last few years, that the market’s recent love affair with growth has…
Canadian Dollar Steadies As Housing Activity Calms In April
The Canadian dollar was little changed against its U.S. counterpart on Monday, consolidating
some recent gains as…
Dollar Holds Firm As Virus Restrictions In Asia Unnerve Investors
The dollar held above recent lows on Monday as new COVID-19 restrictions in Asia and mixed economic data in China…
Chinese Yuan Slumps As PBoC Injects $16 Billion Into Financial System
The Chinese yuan weakened against several of its major currency counterparts to kick off the trading week as the…
India’s Oil Demand Shrinks Further As Virus Crisis Persists
India’s oil demand worsened in the first half of May as large parts of the nation remained under local lockdowns to…
The World Economy Is Suddenly Running Low On Everything
A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the…
China Loan At Risk As Nigeria Faces New Claim Over Power Deal
A Nigerian company that lost out on a contract to build a multibillion-dollar hydropower plant has filed a $400…
Sterling Holds Recent Gains As Britain Enters Second Phase Of Reopening
Sterling held on to recent gains against the dollar on Monday as Britain took a big step towards reopening its…
Elon Musk Just Reopened An Old Wound In The Bitcoin World
Earlier this year, when Tesla added Bitcoin to its balance sheet, CEO Elon Musk became an instant hero in the…
Dollar Lower After Weak Data, As Inflation Fears Ease
The dollar edged lower against major currencies on Friday after U.S. retail sales unexpectedly stalled in April and…
IMF Mission Says Ghana Economy Rebounding
A country mission of the International Monetary Fund said on Friday that Ghana has managed its COVID-19 outbreak…
Economists Evaluate Nigeria-China Currency Swap
Some Financial Economists have expressed great concerns on the minor influence that the Nigeria-China currency swap…
Sterling Steadies Above $1.40 As Stronger Dollar Weighs
Sterling steadied above $1.40 against the dollar on Thursday after losing its perch near $1.41 the previous day…
Nigeria’s Diaspora Remittance Dropped By 28 Per Cent In 2020 – World Bank
The World Bank, on Wednesday, disclosed that diaspora remittances to Nigeria dropped sharply by 28 per cent in…
Elon Musk Says Tesla Will Stop Accepting Bitcoin For Car Purchases, Citing…
Tesla CEO Elon Musk said Wednesday on Twitter that Tesla has “suspended vehicle purchases using Bitcoin,” out of…
Dollar Hits Fresh 10-Week Lows Ahead Of Inflation Report
The U.S. dollar dropped to a fresh 2-1/2-month low on Tuesday as investors bet that rising inflation could erode…