Comments by UK foreign secretary, Dominic Raab We are disappointed and surprised by EU position on Brexit We are close to a deal A deal also ‘depends on the other side’ With goodwill on both sides, we can get there This is largely more posturing as well, but it sure sounds like they will be
Ripple announced a contribution of $10 million to Mercy Corps to help it use digital assets in its work on financial inclusion in emerging markets during the annual Swell conference. Mercy Corps is a non-governmental, humanitarian aid organization that aims to create economic opportunities in countries where the financial system isn’t operating properly. The organization
NEW DELHI: Gold and silver prices were trading mixed around the flatline in Friday’s session amid steady US dollar and indecisiveness of US lawmakers about economic stimulus. US President Donald Trump said on Thursday he was willing to raise his offer of $1.8 trillion for a COVID-19 relief deal with Democrats in Congress, but the
Dollar and Yen remain generally firm in Asian session while Australian and New Zealand Dollars are soft. US stocks pared back much of the initial losses overnight with DOW ended nearly flat. Overall sentiments are also stable and mixed in Asia only. Coronavirus infections and politics, like US election and stimulus as well as Brexit,
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $5.57 per share, 16% higher than a year earlier, according to Refinitiv. Revenue: $9.46 billion,
EUR/USD has declined by 1% so far this week and looks set to extend losses as the technical picture is bearish despite the fact that the pair is entering oversold conditions according to Friday’s 4-hour chart, Yohay Elam, an Analyst at FXStreet, reports. At press time, the EUR/USD pair is trading largely unchanged on the
Down $0.08 or -0.19% The November WTI crude oil futures are settling at $40.96. That is down $0.08 or -0.19%. The December contract settle down $0.10 at $41.24. The high price for the November contract reached $41.29. The low price extended to $39.52. The crude oil inventories showed a drawdown of 3.818 million barrels. That was
Bank of Canada announces changes to programs that support key financial markets Citing better financial market conditions, the Bank of Canada has announced the end of mortgage bond purchases and buying Bankers’ acceptances on Oct 26. Term repos will be reduced to bi-weekly from weekly but with tighter securities eligible. “The Bank will continue to
LONDON: Oil prices fell on Thursday as new restrictions to stem a surge in COVID-19 infections have increased uncertainty over the outlook for economic growth and a recovery in fuel demand. Brent crude futures dropped 70 cents, or 1.6% to $42.62 a barrel at 0905 GMT, while U.S. West Texas Intermediate (WTI) crude futures were
Risk aversion is currently in driving seat in the markets today. In the US, hope of fresh fiscal stimulus fades for now, most likely not until after elections. In Europe, countries are going back into lockdowns as coronavirus cases hit records. Negative sentiment drive global stock indices lower and pushed bonds higher. In particular, Germany
James Gorman David A. Grogan | CNBC Morgan Stanley is set to report third-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: $1.28 a share, less than 1% higher than a year earlier, according to Refinitiv. Revenue: $10.64 billion, 6% higher than a year earlierWealth management: $4.45 billion, according to
Oil prices rally in New York but remain down on the day. Demand-side risks mounting as the COVID-19 second wave swells and USD catches a bid. The price of US oil is trading at $40.88 and between a range of $39.25 and $41.27, down some 0.5% on the day so far. The rally in the
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NASDAQ leads the way lower The major indices close lower for the 2nd consecutive day. The NASDAQ index was the weakest of the majors today. Some highlights: S&P and NASDAQ index is trading lesson 3% from the all-time high Stocks have their first 2 day losing streak since September 18 The Dow industrial average turned back for
Goldman Sachs says that neither the 15 October and 31 October deadlines constitute to a hard stop in Brexit talks The firm says that the perceived probability of a no-deal outcome will persist through the course of October, and that there could be potential for “drama” at the European Council meeting that is to take
The Algorand Foundation, the governance and research organization behind major blockchain platform Algorand, is launching a new accelerator program in Europe. Known as “Algorand Europe Accelerator,” the new program intends to support European developers and entrepreneurs looking to build applications on the Algorand platform. Announcing the news on Oct. 15, the Algorand Foundation told Cointelegraph