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Yen dives as BOJ plays down chance of hikes, soothing markets By Reuters
By Hannah Lang and Harry Robertson NEW YORK/LONDON (Reuters) – The yen fell on Wednesday after a senior Bank of Japan official played down the chances of a near-term interest rate hike, calming investor concerns that any further rise in the Japanese currency could rattle global markets again. The yen…
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Glencore to keep coal assets and stick with London listing By Reuters
By Felix Ngeni and Pratima Desai JOHANNESBURG/LONDON (Reuters) – Glencore will retain its coal business after securing support from a majority of its investors who see lucrative returns from the fossil fuel, its chief executive said on Wednesday, adding that the company could acquire more coal assets to make steel.…
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Glencore to keep coal assets and stick with London listing By Reuters
By Felix Ngeni and Pratima Desai JOHANNESBURG/LONDON (Reuters) – Glencore will retain its coal business after securing support from a majority of its investors who see lucrative returns from the fossil fuel, its chief executive said on Wednesday, adding that the company could acquire more coal assets to make steel.…
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Chart Art: NZD/JPY’s Potential Pullback Resistance Area
The NZD/JPY pair has recovered sharply this week after days of heavy losses! How high can the NZD/JPY pair go before the bears appear in the forex market again? We are heading into the daily time frame for key turning points to watch out for! Daily currency pair NZD/JPY Chart…
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Tron Lost 6% Since Last Week
Tron (TRX) has suffered heavy losses after the market plunged in an overreaction amid macroeconomic concerns. According to Queen GeckoThe token has dropped by almost 6% since last week, but has since made a full 180% rally today, August 7. Since then, the ecosystem continues to surprise the community with…
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Tron Lost 6% Since Last Week
Tron (TRX) has suffered heavy losses after the market plunged in an overreaction amid macroeconomic concerns. According to Queen GeckoThe token has dropped by almost 6% since last week, but has since made a full 180% rally today, August 7. Since then, the ecosystem continues to surprise the community with…
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Nvidia, chip stocks rebound as Piper Sandler calls out ‘tremendous opportunity’ after sell-off
Nvidia (NVDA) stock rose slightly on Wednesday amid broader gains in chip stocks after Piper Sandler analysts told investors there was a “huge opportunity” to buy the chip giant’s shares after they fell more than 25% from recent highs. “Fundamentally, NVDA remains the strongest player in AI acceleration,” wrote Harsh…
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NZDUSD moves higher and moves closet to resistance targets. Could see some profit taking.
The New Zealand dollar rose against the US dollar during today’s trading, supported by improving employment expectations and risks to flows after the Bank of Japan said it does not need to tighten monetary policy if markets are unstable. The move to the upside has lifted the price above the…
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The Dark Skippy Attack Can Exploit Your Wallet Seed Phrase
Cryptocurrency enthusiasts and investors face a new threat in the digital realm: the Dark Skippy attack. This sophisticated cyber assault targets crypto wallets, potentially compromising the crypto wallet security and personal information. As the cryptocurrency market continues to grow, understanding and defending against such attacks has become crucial for anyone…
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The Dark Skippy Attack Can Exploit Your Wallet Seed Phrase
Cryptocurrency enthusiasts and investors face a new threat in the digital realm: the Dark Skippy attack. This sophisticated cyber assault targets crypto wallets, potentially compromising the crypto wallet security and personal information. As the cryptocurrency market continues to grow, understanding and defending against such attacks has become crucial for anyone…
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Walt Disney warns theme park revenue to fall, profit slips By Reuters
By Dawn Chmielowski and Lisa Richwine LOS ANGELES (Reuters) – Walt Disney Co forecast a “moderation in demand” for its theme park business in the coming quarters, overshadowing the success of Pixar’s animated film “Inside Out 2” and the company’s television business. The company’s shares fell 1.1% on Wednesday after…
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Dormant Ethereum wallet moved funds from $2b PlusToken scam
Hundreds of wallets have begun moving around 2,800 tokens worth nearly $2 billion in Ethereum linked to the 2020 PlusToken Ponzi scheme in China. Ethereum (ETH) fell by about 2% after several wallets began transferring funds from a pool containing 789,533 ether early Wednesday, August 7. According to EtherscanThe addresses…
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Dormant Ethereum wallet moved funds from $2b PlusToken scam
Hundreds of wallets have begun moving around 2,800 tokens worth nearly $2 billion in Ethereum linked to the 2020 PlusToken Ponzi scheme in China. Ethereum (ETH) fell by about 2% after several wallets began transferring funds from a pool containing 789,533 ether early Wednesday, August 7. According to EtherscanThe addresses…
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AI-obsessed company leaders can’t ignore cybersecurity, says Palo Alto’s CEO
On this episode of Fortune’s Leadership Next podcast, Diane Brady talks to Nikesh Arora, chairman and CEO of Palo Alto Networks. They discuss Arora’s path to heading up one of the world’s best-known cybersecurity firms; how his childhood in a military family shaped him; and what he learned from working with the founders…
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Nigeria arrests seven Polish nationals for raising Russian flags at protests By Reuters
Written by Obi Adetayo ABUJA (Reuters) – Seven Poles have been arrested in Nigeria for waving Russian flags during anti-government protests this week in the northern state of Kano, state security spokesman Peter Afunanya said on Wednesday. Hundreds of thousands of Nigerians have been protesting since August 1 against painful…
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Banks tap Sh4trn in CBK support on cash crunch
Commercial banks have increased their reliance on the Central Bank of Kenya for liquidity support this year as the sector pays the price of low government payments and high interest rates that have made it costly to mobilize deposits from customers. Lenders have withdrawn a cumulative Sh4 trillion from the…
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Banks tap Sh4trn in CBK support on cash crunch
Commercial banks have increased their reliance on the Central Bank of Kenya for liquidity support this year as the sector pays the price of low government payments and high interest rates that have made it costly to mobilize deposits from customers. Lenders have withdrawn a cumulative Sh4 trillion from the…
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4 Trading Adjustments to Make in a High Volatility Environment
With Wall Street’s fear gauge hitting its highest level since the pandemic, we could see another major spike in market volatility. Here are some adjustments you can make. What are volatility anyway? Volatility refers to the amount of fluctuation in the price of an asset over a period of time.…
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Standard Chartered Subsidiary Bank Launches Bitcoin ETFs Trading
Standard Chartered Bank’s subsidiary, Mox, has launched Bitcoin and cryptocurrency exchange-traded funds (ETFs) trading on its investment platform. This makes Mox the first virtual bank in Hong Kong to offer Bitcoin and cryptocurrency-linked investment products. BREAKING: ?? Standard Chartered’s Mox Bank starts offering #Bitcoin ETFs on its platform. pic.twitter.com/OCzGh75FKc —…