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PRESS DIGEST- Financial Times - April 24
April 24 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- UK to announce final go-ahead for flagship carbon capture project- Davos founder accused of manipulating World Economic Forum researc...Reuters
Thu, Apr 24
Economic Indicator
Malaysia will need to revise down growth forecast, central bank governor says
KUALA LUMPUR, April 24 (Reuters) - Malaysia will need to mark down its growth forecast of 4.5% to 5.5% for the year due to trade and tariff uncertainties, its central bank governor said. The Southeast Asian country is, however, in no rush to revise the forecast and will see how the global trade situ...Reuters
Thu, Apr 24
Economic Indicator
China's customs to no longer supervise veterinary drugs, medical devices
HONG KONG, April 24 (Reuters) - China's customs said on Thursday that they would no longer supervise goods and articles included in the management of drugs, veterinary drugs and medical devices.Items no longer under supervision as special items entering and leaving the country also include micro...Reuters
Thu, Apr 24
Cryptocurrencies
Binance Whales Taking Charge For Latest Bitcoin Price Explosion, Data Shows
Data shows the Bitcoin Coinbase Premium Gap has plunged into negative territory, a sign that Binance whales may be the ones fueling the rally. Bitcoin Coinbase Premium Gap Has Declined Alongside Latest Price Surge As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin Coinbase Pre...Bitcoinist
Thu, Apr 24
Commodities
Sinopec resumes Russian oil purchase after short pause amid sanctions risks, sources say
SINGAPORE, April 23 (Reuters) - Sinopec, Asia's top refiner, resumed purchases of Russian oil after a brief pause last month to assess risks from sanctions imposed by the United States on Russian entities, trade sources said on Wednesday.Unipec, a trading arm under China's state-run Sinopec ...Reuters
Thu, Apr 24
Stocks
ASX-listed ResMed jumps on better-than-expected Q3 results
** ASX-listed shares of ResMed RMD.AX jump 9.2% to A$36.31; set for steepest one-day pct gain since April 26, 2024** Stock hits highest since March 11; top gainer on benchmark index .AXJO** Healthcare tech co posts Q3 adjusted earnings per share of $2.37, marginally above analysts' estimate of $...Reuters
Thu, Apr 24
Economic Indicator
Australian Dollar holds ground, upside appears due to weakening US economic conditions
The Australian Dollar (AUD) remains steady on Thursday following two consecutive days of losses. The AUD/USD pair could see gains as the US Dollar (USD) faces pressure after the Federal Reserve's (Fed) Beige Book suggested weakening economic conditions.
Fxstreet
Thu, Apr 24
Economic Indicator
South Korea Q1 GDP unexpectedly contracts, reinforcing rate cut chances
Q1 GDP down 0.2% from previous quarter vs forecasts for 0.1% riseFirst GDP contraction since Q2 2024Weak data adds to case for more interest rate cutsQ1 exports decline 1.1% after growing 0.8% in Q4 By Cynthia Kim SEOUL, April 24 (Reuters) - South Korea's economy unexpectedly contracted in t...Reuters
Thu, Apr 24
Other
Malaysia will need to revise down growth forecast, central bank governor says
KUALA LUMPUR, April 24 (Reuters) - Malaysia will need to mark down its growth forecast of 4.5% to 5.5% for the year due to trade and tariff uncertainties, its central bank governor said. However, the Southeast Asian country was in no rush to revise the forecast and will see how the global trade situ...Reuters
Thu, Apr 24
Cryptocurrencies
Trump sued by 12 states claiming his tariffs are illegal tax on Americans
A coalition of 12 Democratic state attorneys general sued President Donald Trump on Wednesday, alleging that the sweeping tariffs he unveiled this month are an unconstitutional tax that only Congress can authorize. Their complaint, reported by Politico, is filed in the U.S. Court of International Trade. It says the duties “upended the constitutional order and […]Cryptopolitan
Thu, Apr 24
Stocks
General Motors and Ford shares rise following FT report on tariff exemptions
Investing.com -- Shares of General Motors (NYSE: NYSE:GM) and Ford Motor (NYSE: NYSE:F) climbed 4% and 3% respectively, following a report from the Financial Times that President Donald Trump plans to
Investing.com
Thu, Apr 24
Commodities
PRECIOUS-Gold prices bounce back from one-week low on dip buying
April 24 (Reuters) - Gold rose on Thursday as investors bought the dip after prices hit one-week lows in the previous session on U.S. President Donald Trump's reassurance about not firing Federal Reserve Chair Jerome Powell and his remarks on China trade talks.FUNDAMENTALS* Spot gold XAU= rose 1...
Reuters
Thu, Apr 24
Technical Analysis
Ethereum Price Forecast: ETH ETF sees boost as bulls target descending channel resistance
Ethereum (ETH) gained 2% on Wednesday after US spot Ether ETFs recorded their largest inflows since February 4. However, the top altcoin could face a correction after experiencing a rejection at its 50-day Simple Moving Average (SMA).
Fxstreet
Thu, Apr 24
Cryptocurrencies
Dinner with the president: Trump meme coin surges on offer to top buyers
NEW YORK, April 23 (Reuters) - President Donald Trump's meme coin surged more than 60% on Wednesday after a post announcing "the most EXCLUSIVE INVITATION in the world" promised the top 220 buyers of $TRUMP a private gala dinner with the president on May 22.Reuters
Thu, Apr 24
