Author: News Room

Australian Dollar retraces its recent losses amid a stronger US Dollar. RBA minutes revealed that the board did not consider the possibility of increasing interest rates. US ISM Manufacturing PMI rose to 50.3 in March, reaching its highest level since September 2022. The Australian Dollar (AUD) recovers its losses registered in the previous session, edging higher on Tuesday. The US Dollar (USD) received a boost as US Treasury bond yields surged overnight due to the positive ISM Manufacturing PMI data from the United States (US). This development created headwinds for the AUD/USD pair. The March meeting minutes of the Reserve…

Learn more about the company who backed Trump’s $175M bond Forbes senior editor Dan Alexander joins CNN’s Kaitlan Collins to discuss former President Trump posting his $175M bond and “Knight Specialty Insurance,” the company that backed the former president.

Godzilla X Kong: The New Empire is currently overperforming box office expectations, a sign that audiences are plenty interested non-superhero blockbusters when it comes to the post-COVID return to theaters. Or they may even enjoy them more now. The end result of Gozilla X Kong is a film that has massively divided critics and audiences, with audience scores that are genuinely some of the best for a blockbuster in recent memory. Here’s how the entire Monsterverse stacks up in terms of critic versus audience opinion: Godzilla (2014) – 76% critics, 66% audience Kong: Skull Island (2017) – 76% critics, 69%…

Russian central bank governor Elvira Nabiullina has played a key role in stabilizing Russia’s sanctions-hit economy.She has been Russia’s top central banker since 2013 and was once feted internationally. But she is now seen as a complicit participant in Russia’s war against Ukraine. Russia’s economy was supposed to implode and collapse after the West slapped it with sanctions over its invasion of Ukraine.But it didn’t.Russia’s ongoing economic resilience has vexed Western nations, but their reaction isn’t geared only toward Russian President Putin, a former KGB spy with imperial ambitions. It’s also aimed at the woman behind him: Elvira Nabiullina, the country’s…

Maritime researchers located the remnants of a long-lost steamer ship off the coast of western Michigan using sonar and historical newspaper accounts.The 135-foot-long steamship had been lost in the depths of Lake Michigan ever since it sank in about 360 feet of water after colliding with another ship in July 1886. Researchers with the shipwreck association first spotted the remains of the Milwaukee in June 2023 while using side-scan sonar, mapping technology used for detecting and imaging seafloor objects, the organization said. They spent the next few months working to film the wreck and confirm its identity, ultimately employing a…

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By Clare Jim (Reuters) -Hong Kong-listed shares of state-backed developer China Vanke slid as much as 11.1% in early trading on Tuesday after it reported a 50.6% drop in 2023 core profit and no dividend payout late last week. The stock of China’s second-largest property developer by sales touched HK$4.77 shortly after opening, a record low. Investors have been dumping Vanke’s shares and bonds in the past few weeks on cash flow concerns, triggering a rare central government directive to help the Shenzhen-based company beat a liquidity crisis. China Vanke told an earnings conference on Friday it aimed to boost…

In the rapidly evolving online grocery sector, Instacart (NASDAQ:), operating under the ticker EXCHANGE:CART, has garnered significant attention from Wall Street analysts. These industry experts have been closely monitoring the company’s performance, market trends, and potential impacts of external factors to provide a comprehensive outlook for potential investors. Company OverviewInstacart has positioned itself as a digital-first leader in the online grocery delivery and pickup service, connecting customers with a variety of retailers. With a focus on deep integration with merchants, optimized delivery logistics, and a mature advertising product, the company has established a significant presence in the United States and…

The Japanese Yen fails to lure buyers despite intervention fears and the risk-off impulse. The BoJ’s cautious outlook continues to undermine the JPY and lend support to USD/JPY. Reduced bets for a June Fed rate cut lift the USD to a multi-week top and act as a tailwind. The Japanese Yen (JPY) struggles to capitalize on a modest uptick against its American counterpart during the Asian session on Tuesday and remains well within the striking distance of a multi-decade low touched last week. Japanese government officials continued with their jawboning to defend the domestic currency, which, along with the risk-off…

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