Saxo Bank Reports 35% Profit Increase for H1 amid Restructuring
Saxo Bank Group has released its financial results for the first half of 2024. The bank reported an adjusted net profit of EUR 68 million, a 35% increase compared to…
Euro slips after inflation data, concerns over German politics
By Stefano Rebaudo (Reuters) -The euro fell versus the dollar after inflation data from Germany and Spain led investors to increase their bets on the European Central Bank interest rate…
Bolivian farmers pack up and flee as wildfires burn woodland
By Santiago Limachi and Lucinda Elliott CONCEPCION, Bolivia (Reuters) – In Bolivia’s lowland region of Santa Cruz, farmer Mario Guasasi packed up his belongings this week, putting mattresses, food, and…
Oil steady as Libyan supply woes counter modest US stock draw
By Arunima Kumar (Reuters) – Oil prices steadied on Thursday, after two losing sessions as supply concerns over Libya returned, while a smaller-than-expected draw in U.S. crude inventories sapped demand…
Mastercard Takes On Fraud with Biometric Passkey Launch in India
Mastercard has launched its new Payment Passkey Service globally. The service aims to make online shopping more secure and efficient. The launch was announced during a keynote presentation at the…
ING sees limited movement in dollar amid bearish consolidation
Financial experts from ING discussed the current state of the U.S. dollar, suggesting that it is undergoing a phase of bearish consolidation rather than a significant decline. This observation comes…
Yuan May Collapse Amid Renewed Trade War. Forecast as of 29.08.2024
The USDCNH pair’s decline can be attributed to the growing popularity of the yuan in international settlements, the reduction in the number of carry trade transactions, and the shifting focus…
Russia’s attacks on Ukraine’s power sector pose risk to nuclear facilities, Kyiv says
KYIV (Reuters) – Russia’s Monday drone and missile attack forced Ukraine to disconnect several nuclear power units from the grid, posing a risk to the nuclear power sector, a Ukrainian…
Top South Korea court says climate law doesn’t protect basic rights
By Ju-min Park SEOUL (Reuters) – South Korea’s top court said on Thursday the climate change law did not protect basic human rights and lacks targets to shield future generations,…
Dollar edges higher ahead of key data; euro weakens on German inflation
Investing.com – The U.S. dollar edged higher Thursday, bouncing off recent lows ahead of a series of key economic readings, while the euro retreated. At 04:10 ET (09:10 GMT), the…
