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Bitcoin's sustainable energy mix surpasses 50% amid reduced carbon footprint
September 21, 2023 08:20 PM AEST| By InvestingThe Bitcoin network, with its continually increasing hash rate, has seen a corresponding decrease in its emissions intensity, according to recent reports from Bloomberg. Analyst Jamie Coutts explained
Google plans to drop Broadcom as AI chip supplier by 2027
September 21, 2023 08:12 PM AEST| By InvestingAlphabet-owned Google (NASDAQ:GOOGL) is considering dropping Broadcom (NASDAQ:AVGO) as a supplier of artificial intelligence (AI) chips, known as tensor processing units (TPUs), as early as 2027, acco
Oil prices inch closer to $100 per barrel amid inflation concerns
September 21, 2023 08:12 PM AEST| By InvestingOil prices are approaching the $100 per barrel mark this Thursday, with many analysts forecasting that they will surpass this threshold within the year. The escalating cost of oil has been a significa
Walgreens stock underperforms amid market turbulence and COVID-19 testing and vaccination demand decline
September 21, 2023 08:04 PM AEST| By InvestingWalgreens (NYSE:WBA) shares are trading at $22 each as of Thursday, marking a significant decrease of nearly 60% since March 2021. This downturn contrasts with the S&P 500's 18% gain during the same p
Fed's high interest rate stance pushes U.S. stock futures lower
September 21, 2023 08:04 PM AEST| By InvestingU.S. stock futures continued to decline today, Thursday, following the Federal Reserve's decision to maintain higher interest rates for an extended period. The decision, which has pushed bond yields t
Bank Indonesia maintains key interest rate amid rising commodity prices
September 21, 2023 07:54 PM AEST| By InvestingIn a bid to shield against potential currency instability and inflation spurred by soaring rice prices, Bank Indonesia announced on Thursday that it will maintain its key interest rate. The seven-day
Global markets jittery over potential interest rate hikes and inflation concerns
September 21, 2023 07:46 PM AEST| By InvestingGlobal markets are grappling with uncertainty as central banks worldwide signal a tightening monetary policy amidst rising inflation fears. On Thursday, European stocks opened lower, echoing the senti
ECB member Nagel uncertain about interest rate peak amid stubborn inflation
September 21, 2023 07:42 PM AEST| By InvestingEuropean Central Bank (ECB) Governing Council member and Bundesbank head, Joachim Nagel, expressed uncertainty over whether interest rates have reached their peak amidst persistently high inflation.
SNB halts interest rate hikes, keeps key rate at 1.75%
September 21, 2023 07:36 PM AEST| By InvestingThe Swiss National Bank (SNB) defied consensus expectations on Thursday by maintaining its main policy rate at 1.75%, marking an end to its five consecutive quarter streak of increases. The decision w
Federal Reserve interest rate signals prompt oil price dip
September 21, 2023 07:34 PM AEST| By InvestingOil prices witnessed a decline on Thursday, responding to the potential of an interest rate hike signaled by Federal Reserve officials. The Brent crude oil decreased 1.2% to $92.40 per barrel, while t
European energy crisis: ECB, IEA and EIB to strategize on systematic transition amid soaring prices
September 21, 2023 07:28 PM AEST| By InvestingThe European Central Bank (ECB), the International Energy Agency (IEA), and the European Investment Bank (EIB) are set to meet in Paris on September 29 to address the escalating energy crisis in Europ
Updater Services sets IPO price band at Rs 280-300, aims to raise Rs 640 crore
September 21, 2023 07:26 PM AEST| By InvestingUpdater Services Ltd, a leading provider of integrated facilities management and business support services, has announced its initial public offering (IPO) will open for bidding on Monday, September 2
South Korea braces for prolonged high rates as US Fed maintains policy
September 21, 2023 07:22 PM AEST| By InvestingAfter the US Federal Reserve's decision to maintain its policy rates between 5.25-5.5%, South Korea's Finance Minister Choo Kyung-ho warned on Thursday that high interest rates could persist longer th
Next Plc revises full-year profit forecast upward for third time in recent months
September 21, 2023 07:22 PM AEST| By InvestingBritish retail giant Next Plc has once again elevated its full-year profit forecast, marking it as the third revision in the past few months. The company now anticipates profits to reach £875 million
Shift from financial to physical savings in India amid low-interest rate regime
September 21, 2023 07:18 PM AEST| By InvestingThe claim that Indian net household financial savings have declined to a 50-year low is misleading, according to research published by the State Bank of India (SBI) on Thursday. The bank's economists
Sweden's central bank raises key policy rate to combat high inflation
September 21, 2023 07:02 PM AEST| By InvestingIn a series of central bank decisions that have dominated markets over the past week, Sweden's Riksbank has raised its key policy rate from 3.75% to 4.00%, as part of its ongoing efforts to combat hig
Bitcoin on the rise despite aggressive shorting, hints at potential bull run
September 21, 2023 07:02 PM AEST| By InvestingThe world's largest cryptocurrency, Bitcoin (BTC), has been experiencing an uptick in its market activity despite an increase in short positions on major exchanges like Deribit and Binance. This surge
Sterling hits multi-month low, Fed holds rates steady amid inflation concerns
September 21, 2023 07:02 PM AEST| By InvestingThe US Federal Reserve's decision to maintain interest rates at the 5.25%-5.50% range during its monetary policy meeting on Wednesday, September 20, 2023, has had global impacts. The Fed's hawkish sta
Norges Bank lifts borrowing costs to a 14-year high, hints at further hike
September 21, 2023 07:00 PM AEST| By InvestingThe Norwegian Central Bank, Norges Bank, on Thursday increased its principal deposit rate by 25 basis points to 4.25%, marking the highest level since 2008. This move adds pressure to Norway's economy
Kokusai Electric plans $860 million IPO on Tokyo Stock Exchange
September 21, 2023 06:56 PM AEST| By InvestingKokusai Electric, a Japanese firm specializing in semiconductor production equipment, is set to launch an initial public offering (IPO) on the Tokyo Stock Exchange on October 25, 2023. The IPO is expe
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