TOKYO : The U.S. dollar held close to a 10-week peak versus a basket of major peers, and near its highest since November against the yen, as Treasury yields rose made fresh post-financial crisis highs on Tuesday amid speculation U.S. rates will be stay high for longer. China’s central bank […]
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America’s mom and pop bitcoin buffs have a shiny new derivatives playground that cryptocurrency analysts hope will fire up a moribund market. Their new platform is cryptocurrency exchange Coinbase Global, which on Aug. 16 became the first crypto-focused firm to win approval to offer cryptocurrency futures to U.S. retail customers. […]
TOKYO : The dollar headed for a fifth winning week versus major peers, the longest streak for 15 months, as a resilient U.S. economy argued for high rates for longer while China’s floundering recovery spurred demand for the safety of the U.S. currency. On Friday, however, the dollar trimmed some […]
Tesla has introduced two cheaper versions of its Model S sedan and Model X SUV in the U.S. with shorter driving ranges, the automaker’s website showed on Monday, continuing its focus on driving down costs to prioritize sales growth. The new S and X “standard range” models are priced at […]
HONG KONG : Property developer Hongkong Land on Wednesday denied a media report it is putting a well-known Hong Kong office tower on the market, adding it has no plan to sell any buildings in the central financial district. Sing Tao Daily reported on Wednesday, citing market sources, that Hongkong […]
WASHINGTON: Two tech groups yesterday backed TikTok in its lawsuit seeking to block enforcement of a Montana state ban on use of the short video sharing app before it takes effect on Jan. 1. NetChoice, a national trade association that includes major tech platforms, and Chamber of Progress, a tech-industry […]
Worldcoin has no problem attracting eyeballs. More than 2.2 million people have signed up, getting their irises scanned in exchange for a digital ID and, in some countries, free crypto. The new project from ChatGPT founder Sam Altman aims to create a blockchain-based “identity and financial network”. Its native coin […]
BEIJING: China’s imports from Russia dropped in July, the first monthly decline since February 2021 when imports of oil and other goods began steadily rising after the outbreak of conflict in Ukraine, Chinese customs data showed on Tuesday (Aug 8). China’s imports from Russia shrank 8 per cent to US$9.2 […]
Meta boss Mark Zuckerberg has said he is “not holding his breath” over a proposed cage fight with rival Elon Musk. In a post on the new social media app Threads, Zuckerberg said he had proposed 26 August for the showdown. Responding to a post on X in which Musk […]
BENGALURU: Paytm’s founder and CEO, Vijay Shekhar Sharma, will buy a 10.3 per cent stake valued at US$628 million in the company from its largest shareholder, in a bid to simplify its ownership structure, the fintech company said in a filing on Monday (Aug 7). Sharma’s stake purchase from Antfin […]