Business

US Treasury buybacks a ‘mistake’ costing credibility, says Druckenmiller

Tuesday, August 25 by SRN News

SINGAPORE, Aug 25 (Reuters) - Billionaire investor Stanley Druckenmiller said the U.S. is eroding the Treasury market's credibility and missing a debt reform window with buybacks that have caught bonds by surprise. The former Soros Fund Management colleague of Treasury Secretary Scott Bessent said markets... Read More.

Stablecoin card spending forecast to hit $50 billion a year by 2028 – RedotPay

Tuesday, August 25 by SRN News

SINGAPORE, Aug 25 (Reuters) - Global stablecoin card spending is expected to quadruple to $50 billion a year by 2028, stablecoin payments company RedotPay said on Tuesday. The Hong Kong-based firm said the projection comes as stablecoin card spend crossed $1 billion in July, marking... Read More.

Asian shares mostly gain and oil prices hold steady as the US raises pressure on Iran

Tuesday, August 25 by SRN News

BANGKOK (AP) - Asian shares were mostly higher Tuesday after U.S. stocks drifted to a mixed finish ahead of potentially market-moving events later in the week. U.S. futures edged higher. Oil prices fell back after U.S. Treasury Secretary Scott Bessent announced fresh sanctions against... Read More.

The Media Line: Saudi Arabia, France Deepen AI Ties as Cooperation Expands Into Robotics, Research

Tuesday, August 25 by SRN News

Saudi Arabia, France Deepen AI Ties as Cooperation Expands Into Robotics, Research By The Media Line Staff Saudi Arabia and France are expanding artificial intelligence cooperation across research, large language models, robotics and computing infrastructure as both countries increase investment in the technology,... Read More.

Melrose shares climb on Garden Grove plant reopening timeline

Tuesday, August 25 by SRN News

Aug 25 (Reuters) - Shares of Melrose Industries rose 8% on Tuesday after the GKN Aerospace owner said it was targeting September 28 to resume full production at its Garden Grove facility and pay up to $100 million to settle damage claims from a... Read More.

Bitcoin rises above $80,000 as soft dollar, debasement fears boost momentum

Tuesday, August 25 by SRN News

SINGAPORE, Aug 25 (Reuters) - Bitcoin rose above $80,000 to hit a more than three-month high on Tuesday as a soft U.S. dollar, in the wake of the moves by Treasury Secretary Scott Bessent to calm the bond market, revived momentum in the crypto... Read More.

A women’s shelter for refugees in Poland fights for survival as anti-Ukrainian sentiment rises

Tuesday, August 25 by SRN News

KRAKOW, Poland (AP) - When Nastya Podorozhnya's relatives fled the war in Ukraine for neighboring Poland, volunteers welcomed them with open arms. Podorozhnya, 29, was already living in Poland when the war began. But days before Russia's full-scale invasion on Feb. 24, 2022, she... Read More.

Shein’s up to $1.8 billion Hong Kong IPO order book covered, sources say

Tuesday, August 25 by SRN News

HONG KONG, Aug 25 (Reuters) - Online fast-fashion retailer Shein's Hong Kong IPO book to raise up to $1.8 billion has been fully covered by investor demand, two sources said, bringing it closer to its long-awaited market debut amid growing business and regulatory challenges.... Read More.

Woodside scraps clean energy target, posts 7% first-half profit rise

Tuesday, August 25 by SRN News

By Helen Clark and Shivangi Lahiri PERTH, Aug 25 (Reuters) - Woodside Energy on Tuesday abandoned a longer-term emissions target and $5 billion in planned clean energy spending by 2030 to focus on its core oil and gas business after reporting a 7% rise... Read More.

Morning Bid: Waiting on Nvidia for next leg of AI rally

Tuesday, August 25 by SRN News

Aug 25 (Reuters) - A look at the day ahead in European and global markets from Rae Wee It's been a muted start to the session in Asia on Tuesday, with stocks drifting ahead of Nvidia's earnings this week, where expectations are running sky high... Read More.

Current Weather

US Treasury buybacks a ‘mistake’ costing credibility, says Druckenmiller

Stablecoin card spending forecast to hit $50 billion a year by 2028 – RedotPay

Asian shares mostly gain and oil prices hold steady as the US raises pressure on Iran

The Media Line: Saudi Arabia, France Deepen AI Ties as Cooperation Expands Into Robotics, Research

Melrose shares climb on Garden Grove plant reopening timeline

Bitcoin rises above $80,000 as soft dollar, debasement fears boost momentum

A women’s shelter for refugees in Poland fights for survival as anti-Ukrainian sentiment rises

Shein’s up to $1.8 billion Hong Kong IPO order book covered, sources say

Woodside scraps clean energy target, posts 7% first-half profit rise

Morning Bid: Waiting on Nvidia for next leg of AI rally

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