Author: FX

By Jonathan Allen (Reuters) – Ten people were killed in a mass shooting in Monterey Park, California, at a ballroom dance venue late on Saturday as residents in the predominantly Asian American city were celebrating the Chinese Lunar New Year, police said. The suspected gunman fled the scene, and police were still trying to find him, the Los Angeles County Sheriff’s Department said early on Sunday morning, about five hours after the attack. There was no information yet about a motive for the attack, the department added. Another 10 people were taken to local hospitals to be treated for injuries,…

© Reuters. FILE PHOTO: European Central Bank (ECB) board member Klaas Knot appears at a Dutch parliamentary hearing in The Hague, Netherlands September 23, 2019 REUTERS/Eva Plevier/File Photo AMSTERDAM (Reuters) -The European Central Bank (ECB) is set to raise interest rates by 50 basis points in both February and March and will continue to raise rates in the months after, ECB governing council member Klaas Knot said in an interview with Dutch broadcaster WNL on Sunday. “Expect us to raise rates by 0.5% in February and March and expect us to not be done by then and that more steps…

Warning: FRCOY is at high risk of cutting its dividend Source link

Warning: SYIEY is at high risk of cutting its dividend Source link

© Reuters. FILE PHOTO: Russia’s State Duma Speaker Vyacheslav Volodin attends a military parade on Victory Day, which marks the 77th anniversary of the victory over Nazi Germany in World War Two, in Red Square in central Moscow, Russia May 9, 2022. REUTERS/Maxim She (Reuters) – A close ally of President Vladimir Putin said on Sunday that deliveries of offensive weapons to Kyiv that threaten Russia’s territories will lead to a global catastrophe and make arguments against using weapons of mass destruction untenable. Vyacheslav Volodin, speaker of the Duma – Russia’s lower house of parliament – warned that the United…

EUR/USD ANALYSISAll eyes on U.S. economic data and ECB speak.Bullish impetus fading for euro? Recommended by Warren Venketas Get Your Free EUR Forecast EURO FUNDAMENTAL FORECAST: MIXED Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter The euro ended last week strongly pushing ever closer to the 1.09 resistance handle. In what has been a battle between central bank speakers to maintain their credibility and persist with a very hawkish narrative, the European Central Bank (ECB) is currently leading the way versus the Federal Reserve. Markets are…

© Reuters The former head of FTX US is launching a new cryptocurrency software company and has raised $5 million from several investors, according to Bloomberg. Brett Harrison, who served as president of FTX US between May 2021 and September 2022, has received backing from Coinbase (NASDAQ:) Ventures and Circle Ventures to launch a new software startup. SALT Fund, Motivate VC, P2P Validator, Third Kind Venture Capital, Shari Glazer of Kalos Labs and Anthony Scaramucci also participated in the seed round. Continue Reading on Coin Telegraph Source link

© Reuters. Chris Hipkins speaks to members of the media, after being confirmed as the only nomination to replace Jacinda Ardern as leader of the Labour Party, outside New Zealand’s parliament in Wellington, New Zealand January 21 2023. REUTERS/Lucy Craymer By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s ruling Labour Party on Sunday selected Chris Hipkins to replace Jacinda Ardern as its leader and the 41st prime minister of the country. Hipkins, 44, was the only nomination for the job and his confirmation in a party meeting on Sunday, known as the Labour caucus, was largely a formality. His appointment to…

Sundry Photography/iStock Editorial via Getty Images Western Digital (NASDAQ:WDC) and Kioxia Holdings are advancing in discussions about a potential merger with a rough structure including a dual-listing in Japan being possible parts of the deal. Western Digital (WDC) would spin off its flash business and merge it with Kioxia, creating a new publicly traded company in the U.S, under the current terms being discussed, according to a Bloomberg report late Friday, which cited people familiar. The company would also have a second stock listing in Japan. Western Digital (WDC) management would likely run the combined company, according to the report.…

Bet_Noire/iStock via Getty Images Analysts say the price of silver could hit $30/oz this year, the highest since February 2013, driven by supply shortages of the metal as well as the tendency for silver to outgain gold in periods of high inflation. Silver is in a shortage, according to Nicky Shiels, head of metals strategy at precious metals company MKS PAMP said, noting significant drawdowns in available physical stocks held in New York and London’s physical hubs, “more so than seen in gold.” Shiels expects silver will post deficits of more than 100M oz during the next five years, with…