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Category: Sinks

  • Superyacht carrying Mike Lynch sinks, a mother describes her survival

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    Investor Empires

    A 183-foot luxury yacht capsized off the coast of Sicily during a hurricane on Monday. A day later, the disaster is still unfolding, with one person confirmed dead and six of the 22 passengers on board now presumed dead, according to recent reports from The Wall Street Journalto. Among 15…

  • After yacht sinks off Sicily, search continues for six missing By Reuters

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    Investor Empires

    PALERMO, Sicily (Reuters) – Rescue teams in Sicily were preparing to resume the search for six people missing, including British businessman Mike Lynch and his daughter, after a violent storm hit a luxury yacht and it sank on Monday, killing one person on board. The British-flagged 56-metre (184-foot) sailing ship…

  • Tech tycoon Mike Lynch missing after yacht sinks off Sicily, weeks after £8bn fraud acquittal

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    Investor Empires

    Mike Lynch, the British technology entrepreneur who was recently acquitted in a massive £8 billion fraud case, has disappeared after his yacht sank off the coast of Sicily. The incident comes just weeks after Lynch’s stunning legal victory, which saw him acquitted of fraud charges in a US court after…

  • Intensifying Yen Rally Sinks Japan Stocks, Rattles Global Market

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    Investor Empires

    (Bloomberg) — The turmoil in Japan’s financial markets came to a head on Monday, with the yen rebounding about 14% against the dollar from a July low and stocks plunging into a bear market. Yields on benchmark Japanese government bonds fell the most in more than two decades. Most Read…

  • Intensifying Yen Rally Sinks Japan Stocks, Rattles Global Market

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    Investor Empires

    (Bloomberg) — The turmoil in Japan’s financial markets came to a head on Monday, with the yen rebounding about 14% against the dollar from a July low and stocks plunging into a bear market. Yields on benchmark Japanese government bonds fell the most in more than two decades. Most Read…

  • USD/JPY sinks more than 2 full cents after non-farm payrolls

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    Investor Empires

    The USD/JPY pair fell by 217 pips on the day to reach 147.22. The dollar fell to 147.03 in the wake of the nonfarm payrolls report, compared with 149.00 just before the data was released. It is the lowest level since March and erases a big rally in the pair…

  • Ruto’s spending on development projects sinks to new low

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    Investor Empires

    Data showed that development project financing as a share of total state spending fell to single digits for the first time in more than a decade, reflecting the impact of rising debt servicing costs. Official data from the National Treasury shows that government ministries, departments and agencies spent Sh315.06 billion…

  • Nvidia sinks despite possible catalyst from SIGGRAPH

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    Investor Empires

    David Baker/Getty Images News Nvidia (NASDAQ: NVDA) decreased by 6% By midday trading Tuesday, despite product announcements, partnerships, and expanded capabilities for generative AI unveiled this week at SIGGRAPH 2024. Nvidia is now down about 20% Since July 10. The stock is hovering above Its 100-day moving average is $103.66.…

  • The euro sinks toward 1.0800 after failing to crack 1.0870

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    Investor Empires

    EUR/USD 30 minutes The euro is hovering near its lowest level since July 8 as the US dollar gains broadly. It’s hard to say what’s driving the moves at the moment, but stronger U.S. GDP numbers on Thursday and higher PCE inflation on Friday are tailwinds for the dollar. However,…

  • Asia FX flat as dollar steadies on Powell comments; Kiwi sinks on dovish RBNZ By Investing.com

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    Investor Empires

    Most Asian currencies moved in a flat-to-low range on Wednesday as the dollar found some strength after Federal Reserve Chairman Jerome Powell offered no direct signals on interest rate cuts. The New Zealand dollar was the worst performer of the day after the Reserve Bank of New Zealand struck a…

  • Bitcoin slides to four-month lows, ether sinks 8% By Reuters

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    Investor Empires

    SINGAPORE (Reuters) – Bitcoin fell to a four-month low on Friday and was on track for its worst weekly performance in a year, hurt by uncertainty over whether Joe Biden will remain the Democratic Party’s nominee for U.S. president and concerns about potential increases in the supply of cryptocurrencies. Bitcoin…

  • Trump’s media company stock sinks in the wake of fraud verdict

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    Investor Empires

    Shares of Trump Media and Technology Group, which owns the social networking site Social truthStock prices fell on Thursday following the conviction of former President Donald Trump in his hush money trial. New York jury Trump was found guilty Charged with falsifying business records in a scheme to illegally influence…