British companies are experiencing their most widespread decline in activity in more than a year as the economic effects of the Iran war and domestic political uncertainty weigh heavily on business confidence, according to a survey released on Thursday.Data company S&P Global said its preliminary UK Composite Purchasing Managers’ Index…
Zimbabwe’s gold-backed currency, ZiG, has held steady this year as adoption continues and the country’s economy improves. The USD/ZWG pair was trading at 26.22 on Thursday, inside a range it has remained at in the past few months.Zimbabwe ZiG stable as the central bank calls it, undervaluedZIG, a currency backed…
The euro zone’s combined current account surplus narrowed sharply in March, largely due to a significant decline in the trade surplus, according to data released by the European Central Bank on Thursday.The current account surplus, adjusted for seasonal and working-day factors, fell to €14.9 billion in March from €25.6 billion…
A last-minute pay agreement at Samsung Electronics has helped avert a strike at the company’s largest chip production complex, bringing relief to South Korea’s semiconductor industry while exposing growing divisions among workers over bonus payouts.The deal, reached after rising tensions between management and labour unions, comes as Samsung’s semiconductor business…
Economic activity in the euro zone contracted at its fastest pace in more than two-and-a-half years in May as rising living costs linked to the ongoing war weighed heavily on demand, particularly in the services sector, according to surveys released on Thursday.Data from S&P Global showed the Flash Euro Zone…
Rocket Lab (NASDAQ: RKLB) stock price is in a strong bull run this year and is now hovering at its all-time high. These gains have continued this month as top Wall Street analysts buy ahead of the upcoming SpaceX IPO. It has soared to $127, up by 402% in the…
The Nikkei 225 Index surged by over 3.5% today, May 21, its best day in weeks, helped by numerous catalysts, including the potential US-Iran deal, foreign buying of Japanese stocks, and the soaring Softbank stock. It jumped to ¥61,940, higher than this week’s low of ¥59,460. Nikkei 225 Index is rising…
The Indian rupee rose slightly on Thursday after reports that the country’s central bank was considering all options, including hiking interest rates amid the slump. The USD/INR pair retreated to 96.4050, a few points below the record high of 96.97.RBI considers rate hikes and interventionsThe Reserve Bank of India has…
BT Group share price slipped and then pared back those losses after the telecommunications company published results of the last financial year. It dropped to 222p, down sharply from 6.95% from its highest point this year. So, is it safe to buy the dip?BT Group published its annual results today BT…
Bitcoin price crashed to the important 50-day moving average as it continued facing major headwinds. Spot BTC ETF outflows are soaring, while the Coinbase Premium Index has remained in the red for weeks, a sign that American demand is falling. BTC was trading at $76,745, down sharply from this month’s…