India’s Cybersecurity Crisis: Ransomware Takes 300 Small Banks Offline
India’s small banks have been hit by a ransomware attack, forcing nearly 300 such small institutions offline, Reuters reported. The attack involves C-Edge Technologies, a key provider of banking technology.…
Dollar falls as Fed signals likely September rate cut
By Karen Brettell NEW YORK (Reuters) – The dollar added to losses on Wednesday after the Federal Reserve held interest rates steady but opened the door to reducing borrowing costs…
Gold climbs over 1% after Fed’s Powell hints at early rate cut
By Rahul Paswan (Reuters) – Gold prices were on track to register their best month since March on Wednesday led by geopolitical concerns and hopes of an interest rate cut…
US lawmakers seek to block Chinese firms from solar manufacturing subsidy
(Reuters) – A bipartisan group of U.S. lawmakers on Wednesday introduced a bill that would block Chinese solar panel makers from claiming subsidies for their American factories. WHY IT MATTERS…
Analysis-BOJ shift gives yen a shake and causes reassessment of popular FX trade
By Alun John and Tom Westbrook LONDON/SINGAPORE (Reuters) -The Bank of Japan’s move to raise interest rates to their highest in 15 years has jolted the yen to its strongest…
Dollar slightly pares losses after Fed meeting statement
NEW YORK (Reuters) – The dollar slightly pared losses on Wednesday after the Federal Reserve held interest rates steady but opened the door to reducing borrowing costs as soon as…
Oil gains nearly 3% on rising Mideast tension, falling US crude stockpiles
By Nicole Jao NEW YORK (Reuters) – Oil prices rose nearly 3% on Wednesday, rebounding from seven-week lows after the killing of a Hamas leader in Iran ratcheted up tensions…
Oil prices jump on elevated Middle East tensions, larger draw in US inventories
Investing.com– Oil prices rose sharply Wednesday as rising Middle East increased the potential for major disruptions to global supplies and a larger decline in U.S. crude inventories continued to point…
Oil climbs more than 2% as Middle East tensions rise again
By Nicole Jao NEW YORK (Reuters) -Oil prices rose more than 2% on Wednesday, rebounding from seven-week lows, as the killing of a Hamas leader in Iran ratcheted up tensions…
Singapore’s M-DAQ Global Acquires Easy Pay Transfers to Boost Cross-Border Payments
Singapore’s fintech firm M-DAQ Global has acquired Easy Pay Transfers, a Malaysia-based B2B payments service provider. This step targets the company’s expansion in the ASEAN region. The acquisition focuses on…
