For Traders   |   For Investors   |   For Fund Manager
Login Now
Sign Up

Terraform Labs Files for Bankruptcy Protection in US

Jan 21 Reuters Terraform Labs TFL, the company behind the stablecoin TerraUSD, which collapsed and roiled cryptocurrency markets in 2022, filed for Chapter 11 bankruptcy in the United States, according to court papers filed on Sunday. Singaporebased Terraform Labs, in a filing with the bankruptcy court in Delaware, listed assets and liabilities in the range […]
Read More

Demand Blues Dominate Zinc Market Mood

LONDON, Jan 22 Reuters Until zinc demand picks up significantly and the market stops focusing on projected surpluses of the metal used to galvanise steel, price rallies triggered by production cuts are unlikely to be sustained. On January 15, Nyrstar announced it would suspend its Budel smelting operations in the Netherlands due to high energy costs. Zinc […]
Read More

U.S. Indices Break Record Highs, Commodities Move Lower

Previous Trading Days Events 19 Jan 2024 The U.K. Retail Sales report revealed that retailers experienced the biggest drop in sales for almost three years in December, with retail sales volumes falling 3.2, raising the risk the economy entered recession late last year. Any recession could have major implications for Prime Minister Rishi Sunak in […]
Read More

Dollar Takes Breather, Option Expiries Give Yen a Jolt

SINGAPORELONDON, Jan 22 Reuters The U.S. dollar steadied on Monday as looming central bank decisions in Japan and Europe and vacillating market expectations for Fed rate cuts forced a pause in the greenback39;s dataspurred rally this year. Japan39;s yen was the notable mover in otherwise quiet trading, as it headed away from Friday39;s 148.80 per […]
Read More

Most Gulf Markets Rise in Early Trade

Jan 22 Reuters Most stock markets in the Gulf rose in early trade on Monday, tracking global peers, while Abu Dhabi struggled to pick up amid weaker oil prices. The Qatari benchmark index increased 0.7, lifted by gains in all sectors in positive territory with Qatar Islamic Bank jumping 1.9 and Industries Qatar surging 1.3. Separately, stateowned Qatar […]
Read More

Oil Down as Economic Headwinds Weigh on Demand Outlook

NEW DELHI, Jan 22 Reuters Oil prices lost more ground on Monday as economic headwinds pressured the global oil demand outlook and offset geopolitical concerns in the Middle East and an attack on a Russian fuel export terminal over the weekend. Brent crude fell 23 cents, or 0.3, to 78.33 a barrel by 0732 GMT […]
Read More

Archives

Categories