Browsing Category
Business
Bitcoin, Ether up; France grants Binance regulatory approval; Coinbase opens up NFT marketplace
Bitcoin, the leading cryptocurrency internationally, traded higher on Wednesday, up 3.15 percent to $39,546.
Ether, the second most traded cryptocurrency, was priced at $2,930, up 4.24 percent, according to data from Coindesk.
Binance…
Read More...
Read More...
Gold dips; Copper rebounds; Starbucks misses sales estimates on China COVID curbs
Gold prices fell on Wednesday as higher US Treasury yields and a looming interest rate hike announcement by the Federal Reserve dented demand for zero-yield bullion.
Spot gold was down 0.2 percent at $1,864.61 per ounce at 0438 GMT. US…
Read More...
Read More...
India sets end-June coal import targets as power woes mount
India has asked state and private sector utilities to ensure delivery of 19 million tons of coal from overseas by end-June, according to a power ministry letter, reflecting an urgency to secure supplies in a pricey market amid increasing…
Read More...
Read More...
BP boosts buybacks as profit soars to highest in over decade
BP boosted its share buyback program after net profit soared to its highest in more than a decade on strong oil and gas trading results, as the energy company took a $24 billion charge after exiting its operations in Russia.
Soaring oil…
Read More...
Read More...
As crypto gains credence, car-hailing app covers the territory
On a rainy night in Bengaluru, India, Firdosh Sheikh was about to get into a car to go to the airport when the driver asked if she would cancel the ride. He told her he would still drive her to her destination for a lesser sum than the…
Read More...
Read More...
Dubai businesses embrace crypto as the future of payments
If you thought that the worldwide media coverage of Dubai’s new crypto laws announced in March was a blip on the radar screen, wait until you see the frenzy with which traditional shops and institutions are embracing digital currencies.…
Read More...
Read More...
Oil eases as China lockdowns weigh on demand outlook
Oil prices were mixed on Friday as China’s COVID-19 lockdowns weighed on the outlook for crude demand, although supply disruption fears as Western sanctions curb crude and products exports from Russia underpinned prices, according to…
Read More...
Read More...
Tesla loses $126bn in value amid Musk Twitter deal funding concern
Tesla Inc. lost $126 billion in value on Tuesday amid investor concerns that Chief Executive Elon Musk may have to sell shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter Inc.
Tesla is not involved in…
Read More...
Read More...
Elon Musk may acquire Twitter for $43 billion
A number of reports revealed that Twitter has started holding talks with billionaire Elon Musk about his $43 billion offer to acquire the Twitter site.
The two sides met, on Sunday, to discuss the agreement proposed by Musk, citing sources…
Read More...
Read More...
Bitcoin up, Ether down; Twitter pilots virtual currency payments
Bitcoin, the leading cryptocurrency internationally, traded higher on Sunday, up 0.30 percent to $39,702 as of 08.30 a.m. Riyadh time.
Ether, the second most traded cryptocurrency, was priced at $2,949, down 0.14 percent, according to…
Read More...
Read More...