Tag: Business
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Resilient dollar slips, markets still wary of yen intervention risk
LONDON, June 26 : The dollar slipped against most other major currencies on Friday as Federal Reserve rate hike bets were tempered a touch by the latest economic data and falling oil prices, allowing the yen — trading in an intervention danger zone — to find firmer ground.The greenback was still poised to
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Financial regulators scramble to counter AI rise with own tools
ZURICH, June 26 : Banks and financial sector watchdogs must move quickly to adopt new technology to plug system vulnerabilities as AI supercharges cybersecurity risks, a top Swiss financial regulator said in an interview. Here are a few details: • Marlene Amstad, president of Swiss market regulator
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Stocks making the biggest moves premarket: Sandisk, On Semiconductor, Rocket Lab & more
These are the stocks posting the largest moves premarket.
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Volkswagen plans to cut 15% of its workforce and close four German plants, report says
Auto giant Volkswagen is reportedly planning to cut 100,000 jobs and end production at four German plants over the coming years.
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Swatch claiming $170 million in damages against Samsung over trademark infringement, FT reports
June 26 : Swiss watchmaker Swatch is seeking $170 million in damages in a lawsuit against Samsung in which it claims the South Korean electronics giant allowed digital clones of Swatch watches on Samsung smartwatches, the Financial Times reported on Friday citing court documents.A British judge is expected to
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Russell rebalance could add to SpaceX volatility
June 26 : Even by SpaceX standards, Friday is shaping up as an eventful trading session as investment funds tracking Russell indexes prepare to add billions of dollars’ worth of Elon Musk’s internet and rocket company to their holdings.After a blockbuster initial public offering this month, SpaceX’s stock has
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Micron falls 5% in premarket, paring earlier gains amid tech rout
Micron Technology’s shares tumbled on Friday amid a global sell-off in technology stocks.
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Stocks slip as Apple price hikes fan tech jitters, oil slides
LONDON/SYDNEY, June 26 : Global stocks slipped on Friday after Apple price hikes fuelled wider concerns over the inflationary impact of spending by tech giants, while oil prices dropped towards their lowest in four months despite difficulties reopening the Strait of Hormuz.Apple fell 6 per cent on Thursday af
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Airbus and Kawasaki Heavy to cooperate on Japanese variant of Eurodrone
TOKYO, June 26 : Airbus has signed a preliminary agreement with Japan’s Kawasaki Heavy Industries to cooperate on a possible Japanese variant of a European defence drone, the aerospace company said on Friday.The proposed arrangement in the memorandum of understanding, first reported by the Nikkei business dai
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Resilient dollar takes a step back, markets still wary of yen intervention risk
LONDON, June 26 : The dollar was a touch softer against other major currencies on Friday as fresh economic data and Federal Reserve comments led markets to pare rate-hike bets, allowing the yen — trading in an intervention danger zone — to find firmer ground.The greenback was still poised to end the week
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