The Eurosystem today launched Pontes, a solution that enables wholesale transactions in tokenised assets to be settled in central bank money. Pontes is the first initiative under the Eurosystem’s strategic programme to …
Danske Research Team reports a strong rebound in global equities, with the S&P 500, Nasdaq, Stoxx 600 and Kospi all posting solid gains despite a recent Fed hike and further tightening priced. They argue that robust con…
The US Dollar (USD) reflects strength at the start of the week on prospects of further Federal Reserve (Fed) monetary tightening this year. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value ag…
The GBP/USD pair struggles to capitalize on Friday's goodish rebound from the 1.1335 area, or its lowest level since July 30, and attracts fresh sellers at the start of a new week. Spot prices stick to modest intraday l…
Commerzbank’s Thu Lan Nguyen notes that EUR/USD has stabilized just below 1.15 after a hawkish Federal Reserve (Fed) meeting, indicating a possible floor. Nguyen views current Dollar strength as sustainable in the short…
While global billionaires and multinational companies have been lured to its shores, many islanders feel left behind and priced out, with food bank use increasing
EUR/JPY extends its gains for the second consecutive day, trading around 180.40 during European hours on Monday. Technical analysis of the daily chart shows the currency cross trading within a descending channel, keepin…
The boss of the chipmaker Nvidia has said AI will not develop to a point that will lead to the extinction of the human race within a few years, rejecting such assertions as overblown “doomsday narratives”.
The AUD/USD pair attracts some dip-buyers following a modest gap-down open on Monday and holds comfortably above the 0.7100 mark through the Asian session. The upside, however, remains capped as traders await Reserve Ba…
Ukraine carried out a large-scale overnight drone and missile attack targeting Moscow and the surrounding region on Sunday, BBC reported.
The UK should "team up" with a proposed economic alliance between Canada and Europe, Canadian Finance Minister François-Philippe Champagne has said.
Yemen’s Houthis said that they attacked “sensitive” sites in the Saudi capital Riyadh with missiles and drones, hours after flames and a large plume of smoke were seen near the city’s main airport, the Guardian reported…
Unions, thinktanks, environmental groups and charities have come together to call on ministers to boost the financial firepower of the national wealth fund to empower it to invest more in Britain and rebalance the count…
Nvidia CEO Jensen Huang has described warnings that AI could lead to humanity's extinction by the next decade as "doomsday narratives".
The NZD/USD pair attracts some sellers for the second straight day and trades around the 0.5720-0.5715 zone during the Asian session on Monday, well within striking distance of an over two-month low set last week.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after two days of losses and trading around 100.30 during Asian hours on Monday.
Exclusive: Government warned ‘skills revolution’ at risk amid slow start to project with target of 30,000 starts by end of parliament
West Texas Intermediate (WTI) oil price continues its losing streak for the fourth successive day, trading around $93.60 per barrel during the Asian hours on Monday. Crude oil prices fell on growing hopes that increased…
U.S. stock futures were in the red early Thursday as heavy capex plans and earnings misses from heavyweights such as Alphabet and Tesla continued to weigh on market sentiment. Investors also remain cautious amid escalat…
Gold price (XAU/USD) edges lower to near $4,365 during the early Asians session on Monday. The precious metal loses momentum amid escalating tensions in the Middle East and hawkish remarks from Federal Reserve (Fed) off…
It may well be decades away, but do you know how much money you will get when you stop working?
Specialised Therapeutics will lead Australian regulatory, reimbursement and commercial efforts to bring Incyte’s Opzelura cream to vitiligo and atopic dermatitis patients.
As lawmakers from both sides of the aisle in the US have joined together calling for the regulation of powerful artificial intelligence models, one of the few vocal naysayers has been Donald Trump . He’s called the perc…
Meta has launched a fresh legal challenge against Britain’s media regulator in the latest of a slew of actions by social media companies who are accused of using the courts to slow down implementation of the Online Safe…