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Tether CEO hits back at S&P and critics casting doubt on USDT
Tether CEO Paolo Ardoino has strongly criticized S&P Global and critics, dismissing the agency’s assessment as based on “outdated legacy models. He argued that the downgrade of the stablecoin’s rating was based on incomplete information and did not accurately reflect the company’s real financial strength. Ardoino insisted that S&P had failed to fully take into account Tether’s […]Cryptopolitan
Mon, Dec 1
Bitcoin Collapse Accelerates as Gains Vanish and Sellers Take Full Control
Bitcoin price started a fresh decline from $92,000. BTC is down over 5% and the bulls are struggling to keep the price above $86,500. Bitcoin started a fresh decline below the $90,000 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There was a break below a key bul...NewsBTC
Mon, Dec 1
Chicago soybeans edge higher as China keeps buying US cargoes
BEIJING, Dec 1 (Reuters) - Chicago soybean futures inched higher on Monday, as China continued to book U.S. cargoes after Washington and Beijing struck a trade truce in late October. Wheat firmed despite abundant global supplies, while corn remained steady. FUNDAMENTALSThe most-active soybean contra...Reuters
Mon, Dec 1
Silver Price Forecast: XAG/USD rises to record high above $57.50, overbought RSI may limit gains
Silver price (XAG/USD) climbs to a fresh record high near $57.60 during the Asian trading hours on Monday. Silver has surged following the report about an outage on the Comex due to what the exchange operator CME calls a “cooling system failure.”
Fxstreet
Mon, Dec 1
Asian stocks steady on Fed rate-cut optimism; yen firms
Investors bet on US rate cut this month Yen perks up on hopes of rate hike Economic data this week to take centre stage By Ankur Banerjee SINGAPORE, Dec 1 (Reuters) - Asian stocks made a steady start on Monday to the final month of 2025 as U.S. rate-cut optimism lifted risk sentiment ahead of eco...Reuters
Mon, Dec 1
Japan's Nikkei falls as JGB yields, yen rise on rate-hike bets
By Junko Fujita TOKYO, Dec 1 (Reuters) - Japan's Nikkei share average fell on Monday after a four-session winning run, as government bond yields rose and the yen firmed on growing bets of a December interest rate hike.The Nikkei .N225 fell 1.68% to 49,407.31 by the midday break, starting the ...Reuters
Mon, Dec 1
WTI jumps to near $59.30 as OPEC+ agrees to halt Oil supply hikes
West Texas Intermediate (WTI) futures on NYMEX trade 1.7% higher around $59.30 during the Asian trading session on Monday. The Oil price attracts significant bids at open as the OPEC+ agrees to halt the Oil output increase from the first quarter of 2026.
Fxstreet
Mon, Dec 1
Asia's factories stumble as US trade deals fail to revive demand
Asia's manufacturing declines amid sluggish demand and global uncertaintiesChina's factory activity contracts despite rise in new export ordersEmerging markets like Indonesia and Vietnam show strong factory activity Dec 1 (Reuters) - Asia's manufacturing powerhouses struggled with slu...Reuters
Mon, Dec 1
Oil falls on drawn-out Ukraine peace talks, all eyes on upcoming OPEC+ meeting
CME system resumes trading after outageBrent, WTI in longest monthly losing streaks since 2023US crude production hit monthly high in September, EIA says By Georgina McCartney HOUSTON, Nov 28 (Reuters) - Crude futures fell marginally on Friday as investors considered oil's geopolitical risk p...Reuters
Fri, Nov 28
Hong Kong tower fire toll rises to 128, more arrests made
Task force set up to investigate possible corruption on renovationsHong Kong security chief says fire alarms were not working properlyDomestic helpers from Philippines, Indonesia among the dead and missingVolunteers mobilise to support victimsBy Joyce Zhou and Jessie Pang HONG KONG, Nov 28 (Reute...Reuters
Fri, Nov 28
Trump vows to freeze migration from ‘Third World Countries’ after D.C. attack
Trump to end federal benefits for non-citizensTrump plans to denaturalize migrants undermining domestic tranquilityAfghan immigrant involved in National Guard attack entered US under Biden programTrump calls for reverse migration to reduce illegal populationBy Shivani Tanna and Rishabh Jaiswal No...Reuters
Fri, Nov 28
Hassett at the Fed helm could pressure the dollar, investors say
NEW YORK, Nov 26 (Reuters) - Beneath the U.S. bond markets' composure around the prospect of White House economic adviser Kevin Hassett becoming the next Federal Reserve chair lies a niggling worry that his bias for interest rate cuts will undermine the dollar.Reuters
Fri, Nov 28
CME Group dips after outage halts global trading
CME Group CME.O shares fall 0.7% to $279 in premarket trading after an outage disrupted operationsThe outage halted trade on CME's popular EBS currency platform and futures spanning foreign exchange, commodities, Treasuries, and stocks, freezing key benchmarks as brokers pulled productsCME blame...Reuters
Fri, Nov 28
European shares set for monthly gains, helped by Fed rate cut bets
Nov 28 (Reuters) - European shares inched higher on Friday, poised for their fifth consecutive month of gains, as rising bets of a U.S. interest rate cut lifted the index.The pan-European STOXX 600 .STOXX was up 0.1% at 575.28 points by 0802 GMT, on track for its best weekly showing since early OctoReuters
Fri, Nov 28
CORRECTED-FOREX-Dollar on track for worst week in four months as case for Fed cut builds
Traders ramp up bets Fed will cut rates on Dec 10US closed for Thanksgiving holidayJapanese economic data strengthen case for BOJ hikeSterling rallies after budget meets with market approvalBy Gregor Stuart Hunter SINGAPORE, Nov 28 (Reuters) - The U.S. dollar was heading for its worst weekly perf...Reuters
Fri, Nov 28
S&P downgrades China Vanke, says its financial commitments unsustainable
Vanke's woes spark concerns China's property sector may fall back into crisisMedia report suggested Vanke's state-backing is not as strong as once thoughtVanke bonds hit record lows on Friday SHANGHAI/HONG KONG, Nov 28 (Reuters) - Ratings agency S&P Global downgraded China Vanke 0...Reuters
Fri, Nov 28
Japan finalises $117 billion extra budget to fund stimulus, mostly via debt
Japan cabinet approves 18.3 trillion yen extra budgetTax revenue likely to surpass 80 trillion yen for the first timeExtra budget will be covered by 11.7 trln yen of new debt issuanceBy Makiko Yamazaki TOKYO, Nov 28 (Reuters) - Japanese Prime Minister Sanae Takaichi's government on Friday fin...Reuters
Fri, Nov 28
Gold set for fourth monthly gain as markets wager on US rate cut
CME trading halted affecting FX, commodities, equities futures85% chance of a rate cut in December - CME FedWatch ToolUS dollar heads for worst week since late July All metals headed for weekly and monthly gainsBy Ishaan Arora Nov 28 (Reuters) - Spot gold prices climbed on Friday and were poised
Reuters
Fri, Nov 28
Goldman Sachs Raises Broadcom's Price Target Amid AI Growth Optimism
Broadcom's stock has surged over 66% year-to-date, nearing a remarkable $2 trillion market valuation — a testament to its resilient momentum in the market.Yet, such success comes with heightened scrutiny. Goldman Sachs analyst James Schneider has raised his price target for Broadcom’s stock, reaffir
Tiger News
Fri, Nov 28
