A coin called #TON has leapt in value in recent months, with investors betting its integration with messenger #service #Telegram could bring the cryptocurrency to the app’s estimated 900 #million users. Telegram endorsed #TON in September last year, saying the blockchain and associated token would be its “official #Web3 infrastructure”. Earlier this month, TON […]

  #USA_dollar edged higher Thursday, trading in a tight range ahead of next week’s all-important U.S. inflation data, while the pound slipped ahead of the Bank of #England’s policy-setting meeting. At 04:35 ET (08:35 GMT), the #Dollar Index, which #tracks the greenback against a basket of six other currencies, traded 0.2% higher at 105.605, rebounding

  #USA_ stock futures point lower, with investors keeping an eye on corporate results and an upcoming string of key economic data releases next week. Shares in chip designer #Arm #Holdings (NASDAQ:#ARM) slip in extended hours trading after it unveiled a weaker-than-anticipated full-year revenue outlook despite a spike in enthusiasm around artificial intelligence. Meanwhile, #trading

  #Asian_shares steadied on Thursday after solid Chinese trade data added to signs domestic demand in the world’s second-largest economy is picking up, while the yen #stabilised after three days of declines as Japan talked up #potential currency interventions.  Later in the day, the Bank of #England (#BoE) will decide its interest rate policy, with

  #Bank_of_Japan #Governor #Kazuo #Ueda said on Thursday the central bank will scrutinise the yen’s recent declines in guiding monetary policy. “#Sharp (#OTC:#SHCAY), one-sided yen falls are negative for the #economy and therefore undesirable,” as it makes it difficult for companies to set business plans, #Ueda told parliament. “If currency volatility affects, or risks affecting,

  #USA_stock index futures traded sideways in evening deals on Wednesday as a recent recovery in #Wall_Street stalled after a string of #Federal_ Reserve officials warned that interest rates will remain high for longer. This put upcoming addresses by more #Fed officials on Thursday and Friday squarely in focus, especially after recent data showed some

  It’s time for a reality check about #decarbonising #Asia’s vast and growing steel sector. Reducing the carbon footprint is possible, but only in stages, and over a far longer than ideal time period, and only if incentives to do so are available. #Steel is the biggest industrial #contributor to global carbon #emissions, accounting for

  #China’s #trade balance grew less than expected in April, recovering only partially from a sharp fall in the prior month as a mild increase in exports was largely offset by a substantially #bigger-than-expected jump in imports.  #China’s trade balance was a #surplus of $72.35 #billion in April, data from the Customs Administration showed on

  Most #Asian_stocks moved in a flat-to-low #range on Thursday amid a dearth of direct trading cues and as markets awaited more comments from #Federal_Reserve officials and key U.S. inflation data in the coming days. #Chinese markets were among the few gainers for the day, rising ahead of key trade data for April that is