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UPDATE 1-Sterling Rises Above $1.40 For First Time Since February
The pound broke above the key $1.40 level for the first time in more than two months on Monday, reaching as high as…
Forex Scarcity As Vampire Sucking Economy Dry
The persistent scarcity of foreign exchange in the country is largely responsible for the multiple exchange…
Fed Warns US Financial System Remains Vulnerable To Threats
The Federal Reserve is warning that the U.S. financial system remains vulnerable to threats stemming from the…
Bitcoin Rises 6.8 % To $56,852.03
Bitcoin rose 6.8% to $56,852.03 by 1000 GMT on Wednesday, adding $3,622.23 to its previous close.
However, the…
U.S. SEC chair says reviewing short-selling, swap rules after GameStop, Archegos…
The U.S. securities regulator is considering measures to require big investors to disclose more about short…
CDC Advances Plan For Resumption Of U.S. Passenger Cruise Operations
The U.S. Centers for Disease Control and Prevention (CDC) has begun a key step for the eventual resumption of U.S.…
Dow Ends At Record High As Tech Slides
The Dow Jones Industrial Average ended at a record high on Wednesday, while Nasdaq gave up its earlier gains and…
U.S. Backs Waiving Patent Protections For Covid Vaccines, Citing Global Health…
WASHINGTON — The Biden administration announced Wednesday that it supports waiving intellectual property…
Jeff Bezos’ Blue Origin To Launch First Space Tourism Passengers On July 20 And…
Jeff Bezos’ space venture Blue Origin will launch its first astronaut crew to space on July 20, flying on its…
Mark Zuckerberg Can No Longer Deflect Blame For Trump’s Facebook Suspension
Facebook’s self-created “supreme court” refused to do the company’s dirty work when it handed down a decision…
Two Wall Street Firms Say To Buy The Dip In Peloton After Treadmill Recall
Peloton shares were under pressure on Wednesday after announcing a recall, but Wall Street firms Baird and…
Moderna Says Covid Booster Shot Generates Promising Immune Response Against…
A booster shot of Moderna’s Covid-19 vaccine generated a promising immune response against the B.1.351 and P.1…
Peloton stock sheds $4 billion in market value in 1 day over its treadmill debacle
Peloton shares closed Wednesday down nearly 15%, wiping $4.1 billion off its market value in one day, after the…
More than 1 million new $1,400 stimulus checks have been sent. Here’s who got a…
A new set of $1,400 stimulus checks has been sent, bringing the total number of payments issued to…
Bank Of England Preview: Will The BoE Taper QE?
GBP 895bln. As such, given the significant improvement in the UK outlook amid a successful vaccination program and…
Facebook Relaunches WhatsApp Money Transfers In Brazil
Facebook's (FB.O) WhatsApp messaging service relaunched on Tuesday its transfer money services between individuals…
Sterling Steady As Markets Eye ‘Super Thursday’ Status Quo
Sterling ticked up against the dollar on Wednesday as a poll showed Scotland’s main pro-independence party was…
Hong Kong Citizens Rush To Buy London Houses After UK Government Opens Doors
The number of people from Hong Kong purchasing homes in the capital has shot up since the UK government announced a…
Dollar Struggles To Extend Rally, Traders Eye Major Euro Bulwark
The dollar tried to extend a rally on Wednesday as chatter about the possibility of higher U.S. interest rates and…
U.K. To Offer Fast-Track Immigration For Oscar, Nobel Winners
The U.K. announced a fast-track immigration route for people who have won top awards including Nobel Prizes, Oscars…
EMERGING MARKETS-Currencies Drop On U.S. Rate Hike Hints; India Debt Moves Boost…
Most emerging market currencies eased on Wednesday against a stronger dollar as hints of the potential for higher…
Dogecoin Fulfills ‘Doge Day’ Goal Of 69 Cents Weeks Later, Surpasses…
The joke cryptocurrency Dogecoin (DOGE) touched a fresh all-time high in the early hours of Wednesday,…
Meet The Nigerian Running To Be Mayor Of London, Nims Obunge
This Thursday 6 May, Londoners will head to the polls to elect a mayor. In the ranks of the hopefuls is Nims…
Pound Sterling May Outlook: Bank Of England ‘Taper’ Decision To Set…
The British Pound has flatlined against the Euro as the end of the month approaches while continuing to churn…
Ether’s 1,500% Jump Is Just The Start For The Crypto Faithful
Cryptocurrency enthusiasts are scaling up price targets for Ether after the second-largest token’s record-breaking…
Forex Scarcity, Repatriation Uncertainties Depress Investments In Q1 –…
ECONOMY Investment analysts have blamed foreign exchange (forex) scarcity and concerns around the possibility of…
Sterling Bulls Squeezed – Bank Of England Pivotal
A 1% slide in sterling led Friday's month-end shakeout of short dollar positions, turning positive GBP technical…
BLS International Seals Biometric Services Deal For Nigerians Living In UK
A partnership deal has been struck between outsourcing service provider BLS International and data and…
The Two Big Themes In The Crypto Market Right Now
For all the hype about Bitcoin these days, its momentum has actually quieted down a little bit lately. After almost…
Weaponizing Dollar Risks Echo Of Sterling’s Decline, Study Says
U.S. officials leveraging the dollar’s dominance as a reserve currency to wield influence should heed the lessons…