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Cryptoverse: Ethereum upgrade to unlock $33 billion
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Hong Kong finance official to make first visit to Britain in three years
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British doctors’ strikes risk patient safety, minister says
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US House committee chair ‘concerned’ by Tesla deals in China
Wall Street slips, dollar gains as Fed seen hiking rates in May
Date: April 10, 2023
By Herbert Lash NEW YORK (Reuters) – U.S. stock indexes fell and the dollar rose on Monday after strong jobs data last week suggested the Federal Reserve will hike interest rates in May, while the yen weakened after Japan’s new central bank governor vowed to maintain ultra-loose policy. Gold prices slipped below the key $2,000...
Bank of Canada seen on hold even as economy accelerates
Date: April 10, 2023
By Fergal Smith TORONTO (Reuters) -The Bank of Canada is expected to take in stride surprising recent economic strength and leave interest rates unchanged at its meeting on Wednesday, pinning its hopes on activity cooling as higher borrowing costs sink in, analysts said. Last month, the Bank of Canada became the first major global central...
Global PC shipments slide in Q1, Apple takes biggest hit – IDC
Date: April 10, 2023
(Reuters) -Global shipments of personal computers (PCs) fell by 29% in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple Inc taking the largest hit, market research firm IDC said. In the report published Sunday, the International Data Corporation (IDC) said global PC shipments numbered 56.9...
Intel leak has U.S. officials bracing for impact at home and abroad
Date: April 10, 2023
By Idrees Ali and Jonathan Landay WASHINGTON(Reuters) – The U.S. national security community is grappling with fallout from the release of dozens of secret documents, including the impact on sensitive information-sharing within the government and ties with other countries, two U.S. officials said. Reuters has reviewed more than 50 of these documents, labeled “Secret” and...
India’s Tata Motors jumps to a 7-month high on strong Q4 JLR sales
Date: April 10, 2023
BENGALURU (Reuters) – Shares of Indian automaker Tata Motors Ltd rose as much as 8.15% to a seven-month high on Monday after its luxury car unit Jaguar Land Rover (JLR) reported strong fourth-quarter sales and forecast free cash flow of about $1 billion. Tata Motors’s shares were the top gainer on India’s bluechip Nifty 50...
Yen sinks as rates outlook diverges; NZ dollar tumbles
Date: April 10, 2023
By Kevin Buckland TOKYO (Reuters) – The yen sank against major peers on Monday after U.S. payrolls data bolstered the case for further Federal Reserve rate hikes, highlighting a growing disparity with Japan where the central bank continues to pin the benchmark yield near zero. Meanwhile, the risk-sensitive New Zealand and Australian dollars weakened amid...