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USD/CHF clings to gains near 0.7970, focus shifts to US CPI data
The USD/CHF pair trades firmly near Tuesday’s high around 0.7970 during the Asian trading session on Wednesday. The Swiss Franc pair exhibits strength as the US Dollar (USD) trades broadly firm on hopes that the United States (US) and China will reach a trade deal soon.
Fxstreet
Wed, Oct 22
Coinbase Urges US Officials: Blockchain Isn’t The Enemy — It’s The Solution
Coinbase has urged US regulators to update how they fight financial crime in the crypto space, arguing modern tools can give law enforcement clearer leads while cutting low-value paperwork for honest firms.Bitcoinist
Wed, Oct 22
Trump administration plans new probe into global drug pricing, FT reports
Oct 22 (Reuters) - President Donald Trump's administration is preparing a new probe into drug pricing practices among U.S. trading partners, a move that would lay the ground for fresh tariffs, the Financial Times reported on Wednesday, citing sources familiar with the matter.Reuters
Wed, Oct 22
Netflix Q3 Earnings: Brazil Tax Hit vs. Ad Revenue Growth Engine — A Mixed Report
TradingKey - Global streaming giant Netflix (NFLX) delivered a mixed third-quarter earnings report: revenue continued strong double-digit growth and accelerated from Q2, with record user engagement, content viewership, and ad sales — but a profit shortfall driven by a tax dispute in Brazil triggered
TradingKey
Wed, Oct 22
Samsung's Galaxy XR headset to take on Apple with help from Google and Qualcomm
Oct 21 (Reuters) - Samsung Electronics 005930.KS released its Galaxy XR extended reality headset on Tuesday, counting on AI features from Google to propel it into the nascent and uncertain market of computing-on-your-face that is dominated by Meta and Apple.Reuters
Wed, Oct 22
Hong Kong, China stocks rebound on signs of easing Sino-US trade tensions
SHANGHAI, Oct 20 (Reuters) - Hong Kong and China stocks rebounded sharply on Monday after a heavy selloff last week, as signs of easing Sino-U.S. trade tensions strengthened bets U.S. President Donald Trump will once again back down from his tariff threats.Investors are also fixated on a Chinese ComReuters
Wed, Oct 22
Japan's Nikkei retreats from record high as traders lock in profits
TOKYO, Oct 22 (Reuters) - Japan's Nikkei share average pulled back from an all-time peak on Wednesday, as investors took profits following two days of strong gains on expectations of fiscal stimulus under the country's new prime minister.Reuters
Wed, Oct 22
Japan's exports snap four-month slump as weak yen offsets US tariff hit
September exports +4.2% yr/yr vs forecast +4.6%Imports +3.3% yr/yr vs forecast +0.6%U.S.-bound shipments down 13.3%, China up 5.8%By Makiko Yamazaki TOKYO, Oct 22 (Reuters) - Japan's exports rose for the first time in five months in September due to a boost from a weak yen, although U.S. ship...Reuters
Wed, Oct 22
Trump said his planned meeting with Xi Jinping might not happen
U.S. President Donald Trump told reporters on Tuesday that his expected meeting with Chinese President Xi Jinping may not take place as planned, even though it was scheduled to happen in about two weeks during the Asia-Pacific Economic Cooperation summit in South Korea.Cryptopolitan
Wed, Oct 22
Warner Bros Discovery rejects Paramount offer, source says, company ponders sale options
Oct 21 (Reuters) - Warner Bros Discovery's WBD.O board rejected a nearly $60 billion offer from Paramount Skydance PSKY.O on Tuesday, a source said, and the company announced it would explore its options for the sale of the company.Reuters
Wed, Oct 22
Wells Fargo CEO says credit is strong, sees no cracks in banking system
NEW YORK, Oct 21 (Reuters) - Credit among consumers and businesses remains strong, despite recent concerns about loan losses that have weighed on bank stocks, Wells Fargo WFC.N CEO Charlie Scharf said on Tuesday.Reuters
Wed, Oct 22
Anthropic, Google in talks on cloud deal worth tens of billions, Bloomberg News reports
Oct 21 (Reuters) - AI startup Anthropic is in talks with Google to secure additional computing power valued in the high tens of billions of dollars, Bloomberg News reported on Tuesday, citing people familiar with the matter.Reuters
Wed, Oct 22
Netflix shares drop as Brazilian tax dispute hits earnings
LOS ANGELES, Oct 21 (Reuters) - Netflix NFLX.O missed Wall Street's third-quarter earnings targets because of an unexpected expense from a Brazilian tax dispute while it offered a forecast a touch ahead of Wall Street projections for the rest of the year.Reuters
Wed, Oct 22
