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By Vidya Ranganathan SINGAPORE (Reuters) – The euro and yen were relatively steady in early Asian trading on Monday and the U.S. dollar stayed near its highs after last week’s hectic policy and geopolitical developments. Eyes are on the yen this week, with the Bank of Japan’s (BOJ) Friday policy review the notable item on the economic calendar. The yen hit 154.70 per dollar, not far from last week’s 34-year low of 154.79 and close enough to the 155-level that is next on traders’ alerts for possible intervention by Japanese authorities. The dollar’s trade-weighted index was above 106, but off…

By Colleen Howe BEIJING (Reuters) – Oil prices fell at Asia’s open on Monday, dragged down by a renewed focus on market fundamentals, as Israel and Iran played down the risks of an escalation of hostilities in the Middle East after Israel’s apparently small strike on Iran. futures fell 54 cents, or 0.6%, to $86.75 a barrel by 1218 GMT. The front month U.S. West Texas Intermediate (WTI) crude contract for May, which expires on Monday, fell 12 cents to $83.02 a barrel. The more active June contract dropped 47 cents, or 0.6%, to $81.75 a barrel. “Economic concerns again…

The European Central Bank (ECB) Governing Council member and the Estonian central bank chief, Madis Muller, said that the ECB mustn’t rush into further interest rate cuts after a likely first step in June. Key quotes “We should be careful not to move too quickly with the loosening of monetary policy and wait until the data gives us the necessary confidence that inflation is getting sustainably back to the target.” “As long as economic developments are in line with our expectations, it is reasonable to expect a few more rate cuts after June by the end of the year.” “But when and how many will depend…

The Bitcoin (BTC) mining landscape has experienced a seismic shift following Bitcoin’s fourth halving event, with daily miner revenue soaring to an unprecedented $107 million, as reported by CryptoQuant. Remarkably, a staggering $80 million, accounting for 75% of this total, was generated from transaction fees alone. Record-high daily revenue for #Bitcoin miners yesterday: ~$107 million.Even more impressive is that 75% or $80 million came from fees. pic.twitter.com/Cyx3KJ90XE — Julio Moreno (@jjcmoreno) April 21, 2024 The halving event, an integral feature of Bitcoin’s protocol designed to control its inflation rate and maintain its scarcity, reduced miner rewards from 6.25 bitcoins to…

The first witness to be called by the Manhattan district attorney’s office in Donald Trump’s criminal hush money trial is expected to be David Pecker, according to a person familiar with the plans. As the then-chairman of American Media Inc., which publishes the National Enquirer, Pecker was involved in numerous “catch-and-kill” schemes he orchestrated on behalf of Trump. The New York Times first reported on the expected witness. The DA’s office is expected to call him after opening statements are completed. This story is breaking and will be updated.

FC Barcelona will listen to offers for its previously “untouchable” center back Ronald Araujo according to SPORT, which cited anonymous sources. The Uruguayan hasn’t enjoyed his best week, after being forced to beg for forgiveness from Barca’s fans following his costly mistake against Paris Saint-Germain. Barca went into a quarterfinal second leg with the Qatar-backed Ligue 1 giants boasting a 3-2 lead, which quickly became 4-2 when Raphinha scored within a quarter of an hour. Approaching 30 minutes down on the clock, however, Araujo lost his head when hacking down Bradley Barcola as the last defender. This triggered an automatic…

Elon Musk teased details about a cheaper Tesla model just a few months ago.Bloomberg reported Tesla has shifted to robotaxis, which Musk said will be revealed in August.The change in priority comes as Tesla reports slow sales and decline in revenue. If EV consumers were looking for a cheaper Tesla in the immediate future, that hope may have to be put on hold for now.Bloomberg reported that the company’s priorities have changed, shifting away from a mass-market $25,000 Tesla to robotaxis, which Elon Musk said will be unveiled in August.The pivot comes after Tesla’s disappointing earnings report, which revealed a…

Job seekers can optimize their LinkedIn usage by treating their profile like a résumé.LinkedIn can be seen as a library of other professional résumés that candidates can use to compare themselves to.Maintaining a dynamic profile and sharing content increases chances of being spotted by recruiters. For most job-seekers and recruiters alike, LinkedIn plays a huge role in the recruiting process.Employees have plenty of reasons to take a peek at their profiles, even for those not actively looking for a new role. Nearly a quarter of US workers surveyed by Gallup last year worried their jobs will be replaced by technology.…

By Amy Lv and Tony Munroe BEIJING/SINGAPORE (Reuters) -U.S. President Joe Biden’s push to triple tariffs on Chinese steel imports strikes a mostly symbolic blow on an industry facing bigger concerns over faltering local demand and threats of even stronger blowback against China’s surging exports. Steel consumption in the world’s second-largest economy is poised to shrink again this year as a protracted property crisis has yet to find bottom and as infrastructure demand growth slows after 12 indebted regions were ordered to halt certain projects. The state-backed China Metallurgical Industry Planning and Research Institute (MPI) forecasts a 1.7% drop in…