USD/CNY Forecast: Chinese Yuan Gains as PBOC Signals Stronger Currency Bias
The USD/CNY exchange rate edged lower on Tuesday as the Chinese yuan strengthened after another closely watched currency fixing from the People’s Bank of China...
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Stock markets edge higher amid positive U.S. inflation data
TORONTO - Stock markets edged higher on Tuesday as U.S. inflation data spurred some optimism among investors even though oil prices continued to rise.
RBI took stock of FCNR-B inflows, among other matters in meeting with bank chiefs, sources say
RBI Governor Sanjay Malhotra took stock of FCNR-B inflows till date, deposit growth and ECL readiness in a meeting with bank CEOs
FLEOA Endorses CLARITY Act With Demands to Tighten DeFi Rules
Federal law enforcement group FLEOA has endorsed the CLARITY Act crypto bill, pushing for tighter DeFi rules ahead of the August 8 Senate deadline. The post FLEOA...
US CPI Falls For First Time In Six Years, Easing Pressure On Fed
The consumer price index fell 0.4% from May, dragged down by the biggest decline in gasoline prices since 2022, according to Bureau of Labor Statistics data out...
Nebius (NBIS) Stock Pops After Landing $1B Computing Deal With Reflection AI
TLDR Nebius Group stock rose nearly 3% in premarket trading after announcing a $1B+ computing deal with Reflection AI The deal gives Reflection AI access to...
Emirates NBD Launches Real-Time USD Payments on Partior
Emirates NBD has launched real-time blockchain-based cross-border U.S. dollar payments through the Partior network, becoming the first bank in the Middle East...
Kevin Hassett predicts sharp fall in US inflation from lower gasoline prices
Lower gasoline prices could ease inflationary pressures, potentially stabilizing consumer costs and influencing broader economic conditions. The post Kevin Hassett...
Hassett sees potential for US gasoline prices to drop to $3 per gallon
A potential drop in gasoline prices could ease consumer costs and influence global oil market dynamics amid geopolitical tensions. The post Hassett sees potential...
Netanyahu visits Dimona reactor amid Iran missile strikes, signals deterrence stance
Netanyahu's visit signals a hardened Israeli stance, potentially reducing diplomatic engagement prospects with regional adversaries. The post Netanyahu visits...
Traders expect Fed to skip July rate hike as inflation cools
Traders expect Fed to skip July rate hike as inflation cools