NEW DELHI: Oil prices edged higher on Monday, supported by expectations that major producers will supplies tight, and growing hopes that the Federal Reserve will leave interest unchanged to avoid dampening the U.S. economy. Brent crude November futures was up 3 cents at $88.58 a barrel at 0333 GMT. U.S. […]
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SHANGHAI : China’s securities regulator approved the launch of 37 retail funds over the weekend, part of government efforts to revive a stock market struggling for lift-off in an ailing economy. The move comes on top of a slew of measures to shore up the market, including a stamp duty […]
PANAMA CITY: The drought-hit Panama Canal will maintain restrictions on the passage of ships for one year, a measure that has already led to a marine traffic jam as boats line up to enter the waterway linking two oceans. The canal is facing a shortage of rainwater needed to transfer […]
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 […]
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 […]