(Bloomberg) — Asian equities were set to climb Friday after a cross-asset rally in the US lifted stocks, bonds and commodities as the Federal Reserve cut interest rates. Most Read from Bloomberg Australian stocks and equity futures for Japan and Hong Kong all rose, while the Golden Dragon index of US-listed Chinese companies rallied 3.5%. The S&P 500 gained 0.7% and the Nasdaq 100 climbed 1.5%, both setting fresh peaks
Indonesia’s Mount Lewotobi Laki-laki has erupted again, spreading fresh panic among residents already traumatised by explosions that killed at least ten people on Monday. The country’s volcanology agency reported seven eruptions on Thursday, with the most powerful ejecting a giant column of ash 8,000m (5 miles) into the air. Authorities imposed a 7km (4.3 miles) exclusion zone around the volcano on the island of Flores. More than 10,000 people are
A worker is making textile export orders at a production workshop of a textile enterprise in Binzhou, China, on July 8, 2024. Nurphoto | Nurphoto | Getty Images Donald Trump‘s election victory over Vice President Kamala Harris marks a historic return to the White House — an extraordinary political comeback that is likely to have seismic ramifications for the global economy. Speaking to his supporters in Florida early Wednesday, Trump
Canada announced Wednesday it won’t block access to the popular video-sharing app TikTok but is ordering the dissolution of its Canadian business after a national security review of the Chinese company behind it. Industry Minister François-Philippe Champagne said it is meant to address risks related to ByteDance Ltd.’s establishment of TikTok Technology Canada Inc. “The government is not blocking Canadians’ access to the TikTok application or their ability to create
Brian Chesky, co-founder and chief executive officer of Airbnb Inc., during a news conference in Los Angeles, California, US, on Wednesday, May 1, 2024. Eric Thayer | Bloomberg | Getty Images Airbnb reported third-quarter earnings on Thursday that were shy of analyst estimates, though it squeaked in a small revenue beat. The stock fell about 3% in after-hours trading. Here’s how the company did: Earnings per share: $2.13 vs. $2.14 expected by LSEG Revenue: $3.73
Coinbase Brings Bitcoin to Solana, Spurring High Hopes for DeFi Surge Source link
Investing.com – The U.S. dollar retreated Thursday, giving up some of its hefty post election gains ahead of the latest Federal Reserve meeting, while sterling rose with the Bank of England policymakers also assembling. At 05:00 ET (10:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.2% to 104.790, after surging to its highest since early July the previous session in the
Australia’s S&P/ASX 200 looks set to jump at the open, putting it on course for a third straight gain and potentially a shot at a record high. Source link
The crypto payment option, which will be offered through a “secure payment platform managed by PayPal,” according to the release, is expected to go live in mid-2025. A spokesperson for the city did not immediately respond to questions about which cryptocurrencies Detroit plans to accept, but PayPal only supports a small handful of tokens — bitcoin, ether, bitcoin cash, litecoin, and PayPal’s own stablecoin, PayPal USD. Source link
Article content The Alberta government has jettisoned the entire board of Alberta Investment Management Corp. (AIMCo), saying the investment manager of pensions and other funds in the province has seen “significant” increases in operating costs and management fees in recent years “without a corresponding return on investment.” From 2019 to 2023, AIMCo’s third-party management fees have increased by 96 per cent, the number of employees increased by 29 per cent
