Author: News Room

By Kirstin Ridley and Huw Jones LONDON (Reuters) – Britain’s markets regulator is expected to narrow down plans to name companies under investigation, four lawyers told Reuters, after a government and industry backlash labelled the proposals misjudged and harmful to London’s competitive ranking. The anticipated move by the Financial Conduct Authority (FCA) is designed to defuse anger over plans that critics say risk dealing irreparable and unjustified damage to companies and to the finance industry, which contributes more than 10% of UK taxes. The FCA in February published proposals to publicly name some companies when investigations are opened in an…

The Japanese Yen depreciates as investors adopt caution ahead of the US ADP Employment Change and ISM Services PMI. JPY could find support as Labor Cash Earnings surged by 2.1% YoY in April, marking the highest level since June last year. The US Dollar may struggle due to the rising possibility of the Fed implementing its first rate cut in September. The Japanese Yen (JPY) edged lower on Wednesday due to investors’ caution ahead of key US data releases later in the day, including the US ADP Employment Change and ISM Services PMI reports. Attention is expected to shift toward…

While the non-fungible token (NFT) market experienced a significant downturn in May, with overall sales dropping by 54%, digital collectibles built on the Bitcoin blockchain defied the trend, reaching a new high in total sales volume. According to data from NFT tracker CryptoSlam, first reported by Cointelegraph, Bitcoin-based NFTs surpassed $4 billion in all-time sales volume on June 4., with the figure encompassing both legitimate sales ($3.97 billion) and wash trades ($82 million). Bitcoin NFTs also led the pack in terms of sales volume over the past month, recording $171 million – edging out Ethereum ($159 million) and Solana ($90…

President Joe Biden will meet with Ukrainian President Volodymyr Zelensky while he is in Normandy, France, according to White House national security adviser Jake Sullivan. “While he’s in Normandy, he’ll have the opportunity to sit down with President Zelensky and have an engagement with him to talk about the state of play in Ukraine and how we can continue and deepen our support for Ukraine,” Sullivan told reporters aboard Air Force One while en route to France. Biden and Zelensky will be in the French region to commemorate the 80th anniversary of D-Day, a moment made all the more timely…

Looking for Tuesday’s Wordle hints, clues and answer? You can find them here: It’s Wordle Wednesday which means I’m giving all you fine puzzle-solvers an extra riddle to go with your daily Wordle. Here’s the riddle: A man is found dead in a room with 53 Bicycles. What happened? If you think you know the answer, shoot me a message on Twitter and Facebook. I’ll post the answer in tomorrow’s Wordle guide here on my blog. Okay, let’s do this! How To Solve Today’s Wordle The Hint: Found in both churches and bodies. The Clue: This Wordle begins with a…

Narendra Modi has been prime minister of India for 10 years.On Tuesday, he extended his tenure by another potential five years when his ruling party, the Bharatiya Janata Party, secured a majority in the lower house of parliament with its allies.That’s the key to everything being said about the world’s biggest election — without his allies, Modi would have lost control of parliament and, by extension, India.It’s why the election results have been a shocking blow to Modi and the BJP despite them winning.Anyone seeking a majority in India’s parliament — the prerequisite for naming a prime minister — needed…

Investing.com– The Bank of Japan is widely expected to keep interest rates unchanged when it meets later in June, but is likely to scale back its bond purchases to somewhat tighten monetary policy, UBS analysts forecast in a note. The BOJ is set to keep its , after a historic hike in March. But it is expected to begin cutting its purchases of Japanese government bonds (JGBs), which are currently above 6 trillion yen per month- the same amount as those seen in March, UBS said.  A reduction in the BOJ’s bond purchases heralds lower amounts of liquidity being released…

SHANGHAI (Reuters) – Electric vehicle maker Nio (NYSE:) has won approval to build a third factory in China that would boost its total approved production capacity to 1 million cars, almost at par with Tesla (NASDAQ:)’s massive Shanghai plant, three people with knowledge of the matter said. Tesla can push out 1.1 million vehicles per year from its Shanghai plant, its biggest manufacturing hub globally. The latest approval for a plant with a 600,000 unit annual capacity is a major win for Nio, given China’s state planner has been cautious about waving through new EV production plans since 2022 amid…

Investing.com– Gold prices rose in Asian trade on Wednesday, but stuck to a range seen for nearly two weeks amid continued speculation over when the Federal Reserve will begin cutting interest rates. Among industrial metals, copper prices hit a near one-month low, wiping out most of a run to record highs through May, amid growing concerns over slowing global economic growth. Gold saw some respite as the sank to two-month lows this week. But the greenback staged a mild recovery on Wednesday. rose 0.4% to $2,337.35 an ounce, while expiring in August rose 0.4% to $2,357.05 an ounce by 00:46…

Australia’s eSafety commissioner has dropped her legal bid to force Elon Musk’s social media site X to hide a violent video of a church stabbing in Sydney from global users. Julie Inman Grant had sought a Federal Court ruling after X failed to fully comply with a takedown order issued under the country’s Online Safety Act following the incident in April. Instead, Inman Grant said Wednesday she would “consolidate action” concerning the removal notice in the Administrative Appeals Tribunal (AAT), an independent review process that examines decisions taken by the commissioner. “After weighing multiple considerations, including litigation across multiple cases, I…