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  • Aussie Falters on Soft Jobs Data, kiwi Calm After Ardern Resignation

    Aussie Falters on Soft Jobs Data, kiwi Calm After Ardern Resignation0

    The Australian dollar reversed a recent rally on Thursday, as rising fears of a U.S. recession and soft local jobs data knocked the risk-sensitive currency, while the kiwi was little moved by the resignation of Prime Minister Jacinda Ardern. The Aussie eased 0.4% to 0.6910%, the softest level in one week, after hitting a five-month

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  • At least $1 billion of client funds missing at failed crypto firm FTX : Report

    At least $1 billion of client funds missing at failed crypto firm FTX : Report0

    At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter. The exchange’s founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried’s trading company Alameda Research, the people told Reuters. A large portion of that total has since disappeared,

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  • At G20 Meeting, U.S. Accuses Russian Finance Officials Of Complicity in War

    At G20 Meeting, U.S. Accuses Russian Finance Officials Of Complicity in War0

    U.S. Treasury Secretary Janet Yellen accused Russian officials attending a G20 finance leaders meeting of being “complicit” in atrocities in Russia’s invasion of Ukraine, while host India avoided mentioning the year-long war in inaugural remarks. Indian Prime Minister Narendra Modi urged the financial leaders to focus on the world’s “most vulnerable citizens”, making no direct

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  • AstraZeneca Q4 Core Earnings Beat Estimates Despite Esing COVID Vaccine Demand

    AstraZeneca Q4 Core Earnings Beat Estimates Despite Esing COVID Vaccine Demand0

    AstraZeneca PLC (LON:AZN) posted better-than-expected core income in the fourth quarter, thanks to strong demand for its cancer and rare disease therapies that helped make up for waning sales of its COVID-19 vaccine. Core earnings per share during the three months ended on December 31 was $1.38, a drop in actual terms of 17% compared

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  • Asian Stocks Surge As Bank Bailouts Lift Spirits

    Asian Stocks Surge As Bank Bailouts Lift Spirits0

    Asian stock markets rose on Friday, recovering from a series of sharp losses this week as government and institutional support to stem a potential banking crisis helped improve sentiment, while traders also priced in a less hawkish Federal Reserve. Chinese bourses were the best performers for the day, with the Shanghai Shenzhen CSI 300 and

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  • Asian Stocks Slip On Weak Chinese Data, Fed jitters Persist

    Asian Stocks Slip On Weak Chinese Data, Fed jitters Persist0

    Most Asian stocks edged lower on Thursday as weaker-than-expected Chinese inflation data pointed to a sluggish economic recovery in the country, while fears of a more hawkish Federal Reserve continued to chip away at sentiment. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes fell 0.3% each after data showed consumer inflation grew substantially less

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