Author: FX

IgorIgorevich/iStock Editorial via Getty Images President-elect Donald Trump’s pick for Commerce secretary, Howard Lutnick is in talks with the company behind the world’s largest stablecoin, Tether, to launch a multibillion-dollar program to lend dollars to clients against Bitcoin, Bloomberg reported Sunday. Lutnick’s financial services firm Cantor Source link

WASHINGTON (Reuters) -U.S. President-elect Donald Trump has chosen Brooke Rollins (NYSE:), president of the America First Policy Institute, to be agriculture secretary. “As our next Secretary of Agriculture, Brooke will spearhead the effort to protect American Farmers, who are truly the backbone of our Country,” Trump said in a statement. If confirmed by the Senate, Rollins would lead a 100,000-person agency with offices in every county in the country, whose remit includes farm and nutrition programs, forestry, home and farm lending, food safety, rural development, agricultural research, trade and more. It had a budget of $437.2 billion in 2024. The…

BERLIN (Reuters) – Independent (LON:) experts looking into the financial needs of Thyssenkrupp (ETR:)’s steel business have taken a positive view on its ability to continue as a going concern, Germany’s Der Spiegel magazine reported on Sunday. Citing informed sources, Der Spiegel reported that the steel business has financial security for at least for two years. There was no immediate comment from the company when contacted by Reuters. In September, Thyssenkrupp commissioned two external reports to take a deep look at the steel business’s short- and long-term financial health and needs. Earlier this month, Thyssenkrupp said it had written down…

UPCOMING EVENTS:Monday: PBoC MLF, German IFO.Tuesday: US Consumer Confidence, FOMC Minutes.Wednesday: Australia Monthly CPI, RBNZ Policy Decision, US Q3 GDP 2nd Estimate, US PCE, US Durable Goods, US Jobless Claims.Thursday: German CPI. (US Holiday)Friday: Tokyo CPI, Japan Unemployment Rate, France CPI, Switzerland Q3 GDP, Eurozone CPI, Canada GDP.TuesdayThe US Consumer Confidence is expected at 111.6 vs. 108.7 prior. Last month, consumer confidence bounced back strongly from 99.2 in September to 108.7 in October. Dana M. Peterson, Chief Economist at The Conference Board said: “Consumer confidence recorded the strongest monthly gain since March 2021, but still did not break free of…

AMMAN (Reuters) -A gunman was dead and three policemen injured after a shooting near the Israeli embassy in neighbouring Jordan, a security source and state media said on Sunday. Police shot a gunman who had fired at a police patrol in the Rabiah neighbourhood of Amman, state news agency Petra reported, citing public security, adding investigations were ongoing. Jordanian police had earlier cordoned off an area near the heavily policed embassy after gunshots were heard, witnesses said. Two witnesses said police and ambulances rushed to the Rabiah neighbourhood, where the embassy is located. The area is a flashpoint for frequent…

Villeroy heads up the Bank of France. He spoke with Ouest-France newspaper, commenting on wages and CPI:“Prices are increasing less quickly than wages on average — this also allows us to lower interest rates”Villeroy stressed that the ECB reaches its interest rate policy decisions independent of the Federal Reserve:“The proof is that we had started to lower interest rates at the beginning of June, and the Fed only lowered them three months later. With the fall in inflation, we will be able to continue to lower rates.”**The European Central Bank (ECB) is expected to cut rates at its next meeting,…

The foreign exchange market pulsates with momentum, and traders constantly seek ways to gauge its ebb and flow. Enter the StochRSI, a technical indicator that merges the power of two established tools: the Relative Strength Index (RSI) and the Stochastic Oscillator. Developed by technical analysis gurus Tushar Chande and Stanley Kroll, the StochRSI aims to address a potential shortcoming of the traditional RSI. While the RSI excels at identifying overbought and oversold conditions, it can sometimes get stuck in these zones for extended periods, making it challenging to pinpoint precise entry and exit points. The StochRSI injects a dose of…

SYDNEY (Reuters) – Australia’s government said on Sunday it had dropped plans to fine internet platforms up to 5% of their global revenue for failing to prevent the spread of misinformation online. The bill was part of a wide-ranging regulatory crackdown by Australia, where leaders have complained that foreign-domiciled tech platforms are overriding the country’s sovereignty, and comes ahead of a federal election due within a year. “Based on public statements and engagements with Senators, it is clear that there is no pathway to legislate this proposal through the Senate,” Communications Minister Michelle Rowland said in a statement. Rowland said…

jetcityimage/iStock Editorial via Getty Images Tesla (NASDAQ:TSLA) has reached a “conditional” settlement with Rivian Automotive (NASDAQ:RIVN) over poaching employees to steal trade secrets, Bloomberg reported late Friday, citing court documents. According to the report, Tesla didn’t disclose specific details about the settlement in court Source link

Executive reshuffles: MFC, LYB, IDXX and TEX Source link