Bitcoin (BTC), Ethereum (ETH), and other leading cryptocurrencies extend their gains on Monday following a positive weekend. Bitcoin added over 3% to its value in the last 24 hours to briefly hit the $116k mark earlier today. The positive performance comes amid improving market sentiment, with top analysts now expecting further gains in the coming […]
Read More
The cryptocurrency market has experienced a notable resurgence, with gains for top assets such as Bitcoin, Ethereum and XRP, coming amid significant capital inflows into digital asset investment products. According to the latest CoinShares Digital Asset Fund Flows weekly report, the sector recorded over $921 million in net inflows last week. This marks a comeback […]
Read More
Spanish carrier Air Europa has repaid in advance a €475 million ($505 million) loan granted by Spain’s Strategic Companies Solvency Support Fund (FASEE), which is managed by state-owned holding company Sociedad Estatal de Participaciones Industriales (SEPI). SEPI also said that the airline paid the corresponding interest on the EUR 1 billion loan. According to the Spanish news […]
Read More
In its largest carbon removal commitment to date, Google has partnered with Brazilian startup Mombak to finance the restoration of the Amazon rainforest, securing high-quality carbon credits to offset the substantial emissions generated by its energy-intensive data centers. The deal, according to the companies, is expected to offset 200,000 metric tons of carbon emissions, Reuters […]
Read More
The GBP/USD exchange rate held steady as investors reacted to the latest UK inflation expectation and GDP numbers. It was trading at 1.3537, as focus now shifts to the upcoming Bank of England (BoE) and Federal Reserve interest rate decisions. It has risen by about 12% above the lowest level this year. UK publishes GDP […]
Read More
The USD/CAD exchange rate remained in a tight range last week as market participants waited for the upcoming Bank of Canada (BoC) and Federal Reserve interest rate decisions. It was trading at 1.3800, up by 2.30% above its lowest level this year. Federal Reserve interest rate decision The main catalyst for the USD/CAD exchange rate […]
Read More
The South African rand is firing on all cylinders this year. The USD/ZAR exchange rate plunged to a low of 17.35, its lowest level since November last year, down by almost 13% from the highest point this year. This article explores the top catalysts that will drive the rand this week. South Africa inflation data […]
Read More
US stocks edged higher on Thursday, with the S&P 500 and Nasdaq Composite touching new record highs as Wall Street’s upward momentum continued despite the ongoing government shutdown. The S&P 500 rose 0.1%, while the tech-heavy Nasdaq hovered near the flatline. The Dow Jones Industrial Average added 24 points, or 0.1%. Costco shares advanced more […]
Read More
US political and economic developments remained in focus on Thursday, as President Donald Trump held his eighth Cabinet meeting amid a prolonged government shutdown, while US financial markets reacted to both tech sector news and broader economic concerns. Trump’s cabinet meeting addresses trade, agriculture, and national guard deployments President Donald Trump convened his eighth Cabinet […]
Read More
US stocks ticked higher on Friday, extending weekly gains for major indexes even as Washington’s government shutdown dragged into a second week and Federal Reserve officials signalled caution on future interest rate moves. The S&P 500 rose 0.2%, while the Nasdaq Composite advanced by the same margin. The Dow Jones Industrial Average added 156 points, […]
Read More