Category: Begins
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Air Canada begins preparations for shutdown as union talks near impasse By Reuters
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Air Canada, the country’s largest airline, said Monday it was finalizing contingency plans to suspend most of its operations as talks with a pilots’ union neared an impasse. A complete shutdown of the airline’s operations could strand thousands of passengers across the country. Air Canada and its subsidiary Air Canada…
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Big Lots sells business to Nexus Capital as it begins bankruptcy proceedings By Reuters
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Big Lots Inc., a U.S. discount home goods retailer, said Monday it has secured $707.5 million to shore up its operations and sold its business to private equity firm Nexus Capital as it begins Chapter 11 bankruptcy proceedings. Big Lots listed its assets and liabilities in the range of $1…
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Federal Open Market Committee (FOMC) blackout period begins on the weekend
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Oil finishes the week sharply lower as the OPEC rumour mill begins
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WTI Weekly West Texas Intermediate crude had a poor end to the week, falling $2.33 to $73.57 on Friday. Oil prices rose sharply at the start of the week and remained in positive territory early today, but retreated when Reuters reported, citing sources, that OPEC still plans to start gradually…
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Oil finishes the week sharply lower as the OPEC rumour mill begins
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WTI Weekly West Texas Intermediate crude had a poor end to the week, falling $2.33 to $73.57 on Friday. Oil prices rose sharply at the start of the week and remained in positive territory early today, but retreated when Reuters reported, citing sources, that OPEC still plans to start gradually…
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US futures steady as countdown to Jackson Hole begins
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U.S. stocks were broadly flat on Monday after posting their best week in a year, as investors counted down to Federal Reserve Chairman Jerome Powell’s speech in Jackson Hole that could reset interest rate cut expectations. S&P 500 futures (ES=F) were flat but still near record highs, while Dow Jones…
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Ripple begins testing RLUSD stablecoin on Ethereum and XRP
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XRP issuer Ripple is moving forward with its stablecoin plans after CEO Brad Garlinghouse raised the idea during a 2024 consensus. Ripple (XRP) has begun work on a fiat-pegged token called Ripple USD, or RLUSD, as the company eyes the $160 billion stablecoin market currently dominated by Tether (USDT). The…
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Removal of bodies begins from Brazil plane crash that killed 62 By Reuters
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Written by Sebastian Rocandio VENEDO, Brazil (Reuters) – Brazilian civil defense teams worked through the night to recover the remains of passengers from a plane that crashed on Friday near Sao Paulo, killing all 62 people on board. The Sao Paulo state government said at least 21 bodies had been…
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The CHF is the strongest and the GBP is the weakest as the NA session begins
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As the North American session began, the Swiss Franc (and the Australian Dollar) were the strongest and the British Pound the weakest. The US Dollar was also weaker at the start of the US session. Yields fell on the day (but are still near their highs for the day) which…
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7-Eleven begins selling pumpkin-spiced Slurpees
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The seasonal creep of pumpkin spice is one of those things we’ve all had to learn to live with. We’ve also had to learn to accept the expansion of pumpkin spice from lattes to things like Oreos and Cheerios. But 7-Eleven may have finally gone too far. The retail chain…
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The AUD is the strongest and the JPY is the weakest as the NA session begins.
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As the North American session begins, the Aussie is the strongest and the Japanese Yen is the weakest. This combination mirrors what has been more common with the Aussie (or New Zealand Dollar) being the weakest and the Japanese Yen the strongest. Unsurprisingly, there has been a pre-market rally in…
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The risk mood begins to sour again on the day
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U.S. futures were largely steady in Asian trading, with S&P 500 futures up 0.2% at the time. This comes despite a heavy sell-off in the region, with the Nikkei closing down more than 3% and hitting its lowest close since late April. This continues to underscore that sentiment is extremely…
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EAC, Comesa, Sadc merger into seamless market begins Thursday
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At least 14 countries will begin trading freely within East, Central and Southern Africa from Thursday, July 25, after ratifying the Tripartite Free Trade Area (TFTA) agreement that unites the East African Community (EAC), the Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA)…
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Boeing begins 777-9 certification flight trials with US FAA By Reuters
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(Reuters) – Boeing Co has begun flight tests of its long-awaited 777-9 jetliner with U.S. aviation regulators on board, the U.S. planemaker said in an emailed statement. The company said it made its first flight on Friday evening after receiving its Type Inspection Authorization (TIA). The development is a boost…
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The EUR is the strongest and the NZD is the weakest as the NA session begins
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From strongest to weakest among major currencies The Euro is the strongest and the New Zealand Dollar is the weakest as the North American session begins. The US dollar starts the new trading week – heading into the US session – mostly stronger. The dollar only fell against the euro.…
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Reactions: The Bitcoin Zero-Knowledge Arms Race Begins
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In case you missed it, Starkware, a company historically active in the Ethereum ecosystem, Announce Yesterday plans to begin allocating significant resources towards new Bitcoin scaling opportunities that have emerged over the past months. The group, a pioneer in zero-knowledge systems, has revealed plans to leverage OP_CAT in order to…
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Reactions: The Bitcoin Zero-Knowledge Arms Race Begins
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In case you missed it, Starkware, a company historically active in the Ethereum ecosystem, Announce Yesterday plans to begin allocating significant resources towards new Bitcoin scaling opportunities that have emerged over the past months. The group, a pioneer in zero-knowledge systems, has revealed plans to leverage OP_CAT in order to…
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Australia’s First Spot Bitcoin ETF With Direct Holdings Officially Begins Trading
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Australia now officially has its first Bitcoin ETF that directly holds Bitcoin (BTC). the Mono Asset Management Bitcoin ETF (IBTC) is just getting started commerce With the opening of the Cboe Australia stock exchange. Trading under the ticker IBTC, the ETF carries a management fee of 0.98%. Urgent: ?? First…
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The JPY is the strongest and the CAD is the weakest as the NA session begins.
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From strongest to weakest among major currencies As the North American session begins, the Japanese yen is the strongest and the Canadian dollar is the weakest. The US dollar is mixed to decline to start the new trading week. There will be two central bank meetings this week and interest…