November 11, 20240 Comments

Vietnam central bank ready to sell U.S. dlrs to keep exchange rate stable By Reuters

HANOI (Reuters) – Vietnam’s central bank is ready to sell U.S. dollars to the market to keep the exchange rate stable, Governor Nguyen Thi Hong said on Monday (NASDAQ:). “The exchange rate market has been volatile after the Fed’s rate cuts,” Hong told the parliament in Hanoi, adding that market management is a challenging task. Hong said the central bank will prioritise stability and inflation control, but will have measures

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November 11, 20240 Comments

Europe’s STOXX up 1% at start of data-packed week By Reuters

By Shashwat Chauhan (Reuters) -European shares advanced on Monday (NASDAQ:), with most sectors gaining, ahead of a week packed with global economic data including inflation readings in Germany and the United States. The pan-European added 1%, with industrials among the top gainers, up 1.4%. Later this week, inflation readings across Europe, the United States and a preliminary reading of euro zone third-quarter GDP would remain in focus. Minutes from the

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November 11, 20240 Comments

Blockworks’ Yanowitz Calls Euphoric Phase, Will AVAX Price Soar 6,000%?

AVAX price retraced 1% in the last 24 hours after soaring 32% in the last 7 days. Trading at $31.2, the price of AVAX sits at a crucial resistance level, which, if broken, could catapult the asset to previous yearly highs. Meanwhile, the co-founder of Blockworks has officially called the euphoric phase of the market. Will Avalanche price soar 6,000% like it did in the 2021 bull market? AVAX Price

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November 11, 20240 Comments

China chip index nears 3-year high as TSMC order fuels self-reliance bets

SHANGHAI (Reuters) – China’s semiconductor index leapt close to a three-year high on Monday on bets a U.S. order halting Taiwan Semiconductor Manufacturing Co’s shipments of advanced chips to Chinese customers could accelerate Beijing’s self-reliance efforts. TSMC will from Monday suspend shipments of certain sophisticated chips to some Chinese clients after receiving a letter from the U.S. Department of Commerce imposing export restrictions on those products, Reuters reported on Sunday.

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November 11, 20240 Comments

Ukraine, trade and Trump on agenda as Keir Starmer makes Paris trip

Prime Minister Sir Keir Starmer is expected to discuss European security and the likely impact of a second Trump presidency as he holds talks with French President Emmanuel Macron in Paris on Monday. Ahead of attending a ceremony at the Tomb of the Unknown Soldier, Macron and Starmer are expected to discuss Russia’s ongoing invasion and the humanitarian situation in Gaza, Downing Street said. Their meeting comes as questions are

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November 11, 20240 Comments

The house paints that promise much more than colour

Juan Botero Juan Botero and his Halloween front door The door of Juan Botero’s apartment in Houston, Texas is made of wood – with a classy, walnut-like finish. But, for Halloween, he planned an eye-catching change. “I’m going to paint my door orange,” Mr Botero, founder and chief executive of Colombia-based Glasst, told the BBC last month. And he has kept his promise. However, the move is not as drastic

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