Yuan gains momentum as global banks revise forecasts higher
Some global investment banks have revised their forecasts for the Chinese yuan higher, citing the country’s export competitiveness and stable trade relations with
Investing
Investing
Pound steadies as UK politics and inflation cloud outlook
The British pound rose on Monday but remained close to its lowest level since early April, as investors weighed growing inflation concerns linked
Economy
IMF raises UK growth forecast but warns of political uncertainty
The International Monetary Fund (IMF) raised its growth forecast for the UK economy on Monday but warned that growing domestic uncertainty and political
Economy
Pound steadies as UK politics and inflation cloud outlook
The British pound rose on Monday but remained close to its lowest level since early April, as investors weighed growing inflation concerns linked
Economy
Strategy (MSTR) buys another $2B in Bitcoin as holdings top 843,000 BTC
Strategy (previously known as Microstrategy) MSTR, the bitcoin treasury company led by executive chairman Michael Saylor, disclosed Monday that it acquired an additional
Economy
Global bond selloff deepens as Iran war intensifies inflation, rate hike fears
Government bond markets from Tokyo to New York extended losses on Monday as surging energy prices linked to the prolonged Iran war reignited
Economy
Dominion Energy surges as NextEra acquires company in $66.8B mega deal
Shares of Dominion Energy surged in trading on Monday after utility giant NextEra Energy announced plans to acquire the company in a $66.8
Economy
Europe faces oil crunch as Iran war chokes Hormuz, inventories plunge
Global oil inventories are plunging and may not recover until late 2027, as the Iran war and the closure of the Strait of
Economy
Dow slips as Treasury yields, oil prices keep Wall Street cautious
US stocks opened cautiously on Monday as investors monitored rising Treasury yields, elevated oil prices, and ongoing tensions in the Middle East following
Economy
Zcash (ZEC) hits $550, slips below $530: Key levels before the next move
Zcash (ZEC) briefly pushed into the $550 region before slipping back below $520, leaving traders focused on whether this is a simple cooling