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Category: Business

Business updates from all over the world and usa, canada. all about fresh news, daily updates Business news covers the latest developments in the corporate world, financial markets, and the economy. It includes updates on company performances, mergers, acquisitions, and regulatory changes. Investors and professionals rely on business news to make informed decisions about investments and strategy. It also highlights trends in various industries, such as technology, healthcare, and energy, offering insights into market movements and economic forecasts. Business news is essential for staying updated on global economic shifts, consumer behavior, and the evolving landscape of commerce, helping businesses and individuals navigate the complexities of the modern economy.

USD/JPY corrects below 142.00 ahead of Fed verdict

  • September 18, 2024
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USD/JPY slides below 142.00 as firm speculation for Fed large interest rate cuts weighs on the US Dollar. Market participants expect the Fed to cut interest rates by 100 bps this year. Investors expect the BoJ to maintain interest rates steady at 0.25% on Friday. The USD/JPY pair drops below 142.00 in Wednesday’s European session.

USD/JPY: The pair can test 142.80 near term – UOB Group

  • September 18, 2024
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As long as the US Dollar (USD) remains above 140.90, it could test 142.80 before leveling off. In the longer run, the USD weakness seems to have stabilised; it is expected to trade in a range between 140.00 and 144.00 for now, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note. USD/JPY

UK Core Inflation Rises to 3.6% in August Sinking BoE Rate Cut Hopes

  • September 18, 2024
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According to the Office for National Statistics: The UK annual inflation rate remained steady at 2.2% in August. The Consumer Prices Index, including owner-occupier housing costs (CPIH), rose by 3.1% in the 12 months to August, unchanged from July. The Core CPIH (excluding energy, food, alcohol, and tobacco) was up 4.3% in the 12 months

NAHB Housing Market Index Rises To 41, Beating Analyst Expectations

  • September 18, 2024
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Current sales conditions increased from 44 in August to 45 in September, while sales expectations in the next six months increased from 49 to 53. The National Association of Home Builders commented: “With inflation moderating, the Federal Reserve is expected to begin a cycle of monetary policy easing this week, which will produce downward pressure

Florida Man Sentenced to 47 Years in Prison for Stealing Bitcoin

  • September 18, 2024
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By Philip Maina 19 hours agoTue Sep 17 2024 10:47:20 Reading Time: 2 minutes A Florida man has been sentenced to 47 years in prison for stealing bitcoin The man was the leader of a gang physically terrorizing bitcoins and crypto holders in Florida The gang also used SIM-swapping techniques to acquire BTC and other

40 Banks Sign Up for Project Agorá

  • September 18, 2024
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By Mark Hunter 20 hours agoTue Sep 17 2024 09:41:27 Reading Time: 2 minutes 40 banks have signed up for the Bank for International Settlements’ Project Agorá  The initiative explores how tokenization can improve cross-border payments by integrating tokenized commercial and central bank money The initiative is backed by several major central banks The Bank