Category: Hits
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India’s CBDC platform hits 5m users 20 months after pilot launch
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Reserve Bank of India Governor Shaktikanta Das has urged caution in launching a central bank digital currency, as the retail pilot project now reaches over 5 million users. India’s central bank digital currency platform has crossed the 5 million user mark as the country cautiously continues to expand its digital…
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India’s CBDC platform hits 5m users 20 months after pilot launch
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Reserve Bank of India Governor Shaktikanta Das has urged caution in launching a central bank digital currency, as the retail pilot project now reaches over 5 million users. India’s central bank digital currency platform has crossed the 5 million user mark as the country cautiously continues to expand its digital…
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Hong Kong Bitcoin ETFs Hits HK $2 Billion in AUM
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The three Hong Kong-based bitcoin ETFs have over HK$2 billion (about US$272 million) in assets under management since their launch earlier this year. New: ?? Hong Kong #Bitcoin ETF assets exceeded HK$2 billion in assets under management. China is getting ready ? pic.twitter.com/GQZC1Z5UFC — Bitcoin Magazine (@BitcoinMagazine) August 26, 2024…
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Hong Kong Bitcoin ETFs Hits HK $2 Billion in AUM
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The three Hong Kong-based bitcoin ETFs have over HK$2 billion (about US$272 million) in assets under management since their launch earlier this year. New: ?? Hong Kong #Bitcoin ETF assets exceeded HK$2 billion in assets under management. China is getting ready ? pic.twitter.com/GQZC1Z5UFC — Bitcoin Magazine (@BitcoinMagazine) August 26, 2024…
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Banks, stock brokers hits as CBK stops commission on bonds trade
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Kenya’s central bank will stop paying commission to stockbrokers, custodian banks and authorised securities dealers that help it sell treasury bonds from next month, cutting off hundreds of millions of shillings in revenue each year. The central bank paid selling agents – who act as intermediaries between the central bank…
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Crude oil futures settle at lowest since January; gasoline hits new 52-week low
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SlavkoSereda/iStock via Getty Images Crude oil futures fell for a fourth straight session on Wednesday, as a downward revision to U.S. jobs data outweighed a rally driven by a larger-than-expected drawdown in U.S. crude inventories. The United States added 818,000 fewer jobs than previously reported. From April 2023 to March…
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Dollar hits year low versus euro as traders await data and Powell By Reuters
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By Kevin Buckland TOKYO (Reuters) – The dollar fell to its lowest level this year against the euro on Wednesday as traders braced for potentially crucial revisions to U.S. jobs data later in the day, ahead of a speech by Federal Reserve Chairman Jerome Powell at the end of the…
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Daily FX Market Review: U.S. Dollar Hits Its Lowest Point of the Year!
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The US dollar hit its lowest level this year on Tuesday as market participants awaited the Federal Reserve’s next interest rate cuts. The dollar fell to levels not seen since early January, reflecting expectations that the U.S. Federal Reserve will begin cutting interest rates next month. This decline comes in…
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Bearish dollar momentum building; sterling hits one-month high By Investing.com
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Investing.com – The U.S. dollar fell on Monday ahead of the release of minutes from the Federal Reserve’s July policy meeting and Fed Chairman Jerome Powell’s upcoming speech in Jackson Hole later this week. At 05:40 ET (09:40 GMT), the dollar index, which tracks the greenback against a basket of…
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Dollar hits 7-month low, yen gains as traders wait on Jackson Hole By Reuters
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By Karen Brittl NEW YORK (Reuters) – The dollar fell to a seven-month low and the Japanese yen hit its highest in more than a week as traders awaited comments from Federal Reserve Chairman Jerome Powell this week that are likely to signal the U.S. central bank will start cutting…
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State dividend income hits Sh80bn on Ruto directive
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Treasury earnings from public investments for the fiscal year ending June 2024 nearly doubled on the back of a presidential order requiring parastatal commercial companies to surrender 80 percent of their net profits to the Treasury. New disclosures show investment income jumped 95.43 per cent to Sh80.72 billion in the…
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Bitcoin hits bottom, expect a spike to $68k level: analyst
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An anonymous cryptocurrency trader who calls himself “bubble hunter” Blontz says that Bitcoin may have bottomed out and is now poised to rise. In an August 15 post on X, the trader — who is known for his straight talk — said: Prediction A Bitcoin (BTC) analyst has declared that…
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Bitcoin hits bottom, expect a spike to $68k level: analyst
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An anonymous cryptocurrency trader who calls himself “bubble hunter” Blontz says that Bitcoin may have bottomed out and is now poised to rise. In an August 15 post on X, the trader — who is known for his straight talk — said: Prediction A Bitcoin (BTC) analyst has declared that…
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Gold hits an all-time high
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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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Forexlive Americas FX news wrap: Gold hits an all time high above $2500
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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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Number plate shortage hits motor vehicle industry
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The shortage of number plates has affected the automotive industry, negatively impacting sales and cash flow for dealers. Traders who spoke to this publication say the supply crisis has been going on for three weeks, while the National Transport and Safety Authority (NTSA) remains reticent to address the issues. Dealers…
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Telstra hits 6-month high on upbeat 2025 forecast By Reuters
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By John Pigou and Ayushmann Ojha (Reuters) – Australian telecoms major Telstra (OTC:) raised its earnings forecast for the 2025 financial year on Thursday, prompting investors to shrug off a 13% drop in annual profit and sending its shares to a six-month high. Telstra has raised the lower end of…
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NASA watchdog hits Boeing on quality control problems with Space Launch System (NYSE:BA)
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sanfel/iStock Editorial via Getty Images NASA’s internal oversight body has released a new report. a report Serious quality control flaws found on Boeing aircraftNYSE:BAThe factory is working on the next version of the space launch system. NASA’s Office of Inspector General said: Discover big problems With Boeing (BA)) Work on…