by Jibran Munaf | October 26, 2024 | Cryptocurrencies
Microsoft is urging shareholders to vote against a new proposal at its upcoming annual meeting on December 10th, which calls for the tech giant to diversify its corporate treasury by investing in Bitcoin. Filed as “Assessment of Investing in Bitcoin,” the proposal...
by Jibran Munaf | October 25, 2024 | Banking, Currencies
HSBC’s Hong Kong division has become a direct offshore participant in China’s global interbank renminbi payment system, CIPS, as confirmed in a company statement. This move supports Beijing’s efforts to promote the yuan internationally, aiming to increase its...
by Jibran Munaf | October 25, 2024 | Currencies
The Japanese yen hovered near a three-month low on Friday, poised for a fourth consecutive weekly decline, as Japan heads into a weekend election that could add complications to the Bank of Japan’s (BOJ) approach to policy normalization. In the broader currency...
by Jibran Munaf | October 24, 2024 | Currencies
The Indian rupee remained largely stable on Thursday, trading at 84.0625 (AED22.905) against the U.S. dollar by 11:00 a.m. IST, nearly unchanged from its previous session close of 84.08. Despite regional currencies showing slight gains of 0.1% to 0.3%, the rupee has...
by Jibran Munaf | October 24, 2024 | Cryptocurrencies
Bitcoin’s rally is facing pressure as it becomes increasingly associated with market dynamics linked to former President Donald Trump’s potential return to the White House. Recent shifts in global markets, partly driven by Trump’s rising prospects in...
by Jibran Munaf | October 24, 2024 | Currencies
The dollar surged past 152 yen for the first time since late July on Wednesday, pushing the euro to its lowest level in over three months, as investors brace for the Federal Reserve to hold off on rate cuts and contemplate the potential impact of a Trump election...
