The EUR/USD exchange rate will be in the spotlight in the next two days as the European Central Bank (ECB) delivers its interest rate decision and the US publishes the latest nonfarm payrolls (NFP) data. It was trading at 1.1420, up from last month’s low of 1.1060. ECB interest rate decisionThe…
Laopu Gold Co.’s extraordinary stock surge is facing a test of durability. After soaring more than 2,300% since its June 2024 debut, the jewellery maker’s shares crossed the HK$1,000 mark — a rare feat that has now introduced a different kind of challenge: access.Despite the surge making Laopu the most…
In May, India witnessed its most significant drop in coal-fired electricity production in half a decade. This decline coincided with the first decrease in total power demand since August and a record surge in renewable energy output, according to a Reuters analysis, which quoted official data.Federal power grid regulator, Grid India’s…
The stakes are rising ahead of the May nonfarm payrolls report. For months, investors bet on a soft landing: cooling inflation, slowing job growth, and a gentle glide toward rate cuts. Data points released this week suggest that job growth is cooling, inflation pressures are shifting, and business confidence is starting…
Mexico will announce new measures next week if no agreement is reached regarding the recently increased tariffs on steel and aluminum, President Claudia Sheinbaum said Wednesday.The announcement comes on the heels of steel and aluminum duties the United States announced would dramatically increase the amount of metals imported from Mexico, which…
The Bank of Canada (BoC) left its key interest rate constant at 2.75% on Wednesday, pausing for the second time in a row as officials assess the impact of intensifying US trade moves on the Canadian economy. Governor Tiff Macklem said the central bank is actively watching inflation and growth…
Constellation Energy Corp (NASDAQ: CEG) fell 3% on Wednesday after analysts estimated it won’t receive a high premium for its electricity from its deal with Meta Platforms Inc (NASDAQ: META).Meta has agreed to buy about 1.1 gigawatt of energy from CEG’s nuclear power plant in Illinois. The recently signed contract…
Asia-Pacific stock markets presented a mixed picture at Thursday’s open, as investors digested a surprisingly weak private sector hiring report from the United States, which fanned concerns that ongoing trade policy uncertainty could be exerting a tangible drag on the world’s largest economy. While some regional bourses managed gains, others…
Citigroup Inc. is undertaking significant adjustments to its operational and policy frameworks, announcing on Thursday a plan to reduce its technology workforce in China by approximately 3,500 employees as part of a broader global effort to streamline its tech operations. Concurrently, the Wall Street bank has reversed a controversial policy…
President Donald Trump has enacted a significant new travel ban, barring individuals from 12 predominantly Muslim-majority and African nations from entering the United States. This move, announced Wednesday, resurrects one of the most controversial policies from his first term and comes in the wake of a recent attack in Colorado…