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Forex News
Hut 8 Mining To Combine With US Bitcoin In All-stock Merger Of Equals
Digital asset miner Hut 8 Mining Corp. (HUT, HUT.TO) on Thursday agreed to a proposed business combination with U.S. Data Mining Group, Inc. dba US Bitcoin Corp (USBTC) under which they will combine in an all-stock merger of equals.
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697 days ago
Sensex, Nifty Snap Three-day Winning Run
Indian shares ended lower on Thursday to snap a three-day winning streak after the U.S. Federal Reserve signaled that two more rate increases are on the way.
The dollar traded higher and Treasury yields rebounded after the Federal Reserve held interest rates steady on Wednesday, as widely expected, but signaled that borrowing costs will likely rise by another half of a percentage point by the end of this year.
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697 days ago
China Cuts Policy Rate; Economic Data Disappoints
China's central bank lowered its policy rate on Thursday after recent data suggested that the bounce back from the pandemic-related downturn seen at the start of the year proved to be temporary. Calling for more stimulus measures, official data released today showed that retail sales growth decelerated sharply reflecting weak domestic demand.
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697 days ago
European Shares Subdued Ahead Of ECB Rate Decision
European stocks traded lower on Thursday as a slew of Chinese data disappointed and the Federal Reserve signaled that two more rate increases are on the way.
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697 days ago
FTSE 100 Subdued As Metal Stocks Decline On China Growth Concerns
U.K. stocks were subdued on Thursday as mining stocks fell on concerns about China's economic recovery and the Fed's hawkish policy outlook.
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697 days ago
CAC 40 Declines On China Growth Concerns
French stocks edged lower on Thursday, with hawkish signals from the U.S. Federal Reserve and disappointing Chinese data keeping investors nervous.
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697 days ago
DAX Slips Into Red Ahead Of ECB Rate Decision
German stocks inched lower on Thursday as traders absorbed the Fed's hawkish rate pause and looked ahead to the ECB rate decision later in the day.
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697 days ago
more news
Asian Shares Mixed After Hawkish Fed Pause
Asian stocks ended mixed on Thursday as new Chinese data disappointed and the U.S. Federal Reserve signaled that more rate hikes are on the cards. Investors also awaited cues from the ECB and BOJ meetings.
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697 days ago
Yen Slides Ahead Of BOJ Monetary Policy Meeting
The Japanese yen weakened against other major currencies in the Asian session on Thursday, as traders' focus is largely on the Bank of Japan's monetary policy meeting due on Friday.
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697 days ago
European Economic News Preview: ECB Set To Lift Rates By 25 Bps
The European Central Bank is expected to cut its benchmark rates by 25 basis points on Thursday although the US Federal Reserve decided to hold its key rate after ten consecutive rate hikes. The ECB monetary policy announcement is due at 8.15 am ET.
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697 days ago
European Shares Seen Lower As Investors Fret Over Hawkish Fed
European stocks are seen opening a tad lower on Thursday as the Fed's hawkish policy outlook offset investor optimism over China's central bank cutting a key lending rate to support real estate and domestic demand.
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697 days ago
Yen Slides Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Thursday.
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697 days ago
Sensex, Nifty Open Lower As Fed Signals More Rate Hikes
Indian shares opened on a sluggish note Thursday and the rupee opened five paise lower at 82.15 against the dollar after the U.S. Federal Reserve held interest rates steady, as widely expected, but signaled that borrowing costs will likely rise by another half of a percentage point by the end of this year.
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697 days ago
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