News
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Cryptocurrencies
Cardano gains unusual social media interest as Ethereum and Dogecoin falter
Santiment, an analytic platform, announced that Cardano had garnered massive social media interest compared to Ethereum and Dogecoin. The firm also highlighted that Bitcoin led the way, as usual, in terms of crypto discussions on X, Reddit, Telegram, 4Chan, Bitcointalk, and Farcaster.Cryptopolitan
Wed, Feb 12
Other
Trump threats should not be taken seriously, says Heidelberger Druck CEO
FRANKFURT, Feb 12 (Reuters) - Everything U.S. President Donald Trump says should not be taken seriously, said the CEO of German offset printing presses maker Heidelberger Druckmachinen in remarks published on Wednesday. "You can't take everything he says seriously, the president, he always p...Reuters
Wed, Feb 12
Stocks
BUZZ-Street View: Prolonged recovery ahead for Indian Pizza Hut operator
** Devyani International DEVY.NS, which operates KFC and Pizza Hut restaurants in India, falls 2.19% to 166 rupees** Co's Q3 profit before tax drops 12% y/y amid dip in same-store sales for Pizza Hut and KFC in a weak demand environmentWEAKEST SAME-STORE SALES AMONG PEERS; PIZZA HUT EXPANSION TO...Reuters
Wed, Feb 12
Stocks
BUZZ-India's oil & gas, energy indexes extend losing streak to fifth session
** India's Nifty Energy index .NIFTYENR and Nifty Oil & Gas .NIFOILGAS trade down 1.1% and 1.3%, respectively ** Both have dropped 5.7% and 4.9%, respectively, in the past four sessions amid a broader sell-off in markets, with the benchmark Nifty 50 .NSEI down 2.6% during the same period .BO...Reuters
Wed, Feb 12
Commodities
PRESS DIGEST- New York Times business news - February 12
Feb 12 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Ford F.N CEO Jim Farley said on Tuesday that U.S. President Donald Trump's tariff and auto policies would raise cost and could...Reuters
Wed, Feb 12
Forex
FOREX-Dollar bulls take a breather ahead of US CPI
Dollar mostly retreats as traders await U.S. inflation dataFed Chair Powell sees no rush to cut interest ratesYen slips below 200-day moving averageUpdates prices to Asia afternoonBy Tom Westbrook SINGAPORE, Feb 12 (Reuters) - The dollar stepped back from a tariff-driven rally on Wednesday, as tr...Reuters
Wed, Feb 12
Other
PRESS DIGEST -Wall Street Journal - February 12
Feb 12 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - U.S. President Donald Trump's advisers and allies have examined whether it is possible to collapse the Federal Deposit Insurance Co...Reuters
Wed, Feb 12
Cryptocurrencies
zkLend gets hacked, hacker offered 10% bounty in return of 90% of the funds
Earlier today, money-market protocol zkLend faced an exploit and paused withdrawals on the protocol. In a recent X post, the zkLend team confirmed that the protocol had been hacked. The zkLend team left a message for the hacker via the Eth ZEND token deployer account, in which it urged the hacker to keep 10% of […]Cryptopolitan
Wed, Feb 12
Forex
Trump may dust off 1930 trade discrimination law to back reciprocal US tariffs
Section 338 precedes Most Favored Nation tariff systemLaw allows 50% tariffs for countries discriminating against US commerce Trump has favored tools that allow immediate tariffs in new termBy David Lawder WASHINGTON, Feb 12 (Reuters) - President Donald Trump is likely to dust off a 1930 trade la...Reuters
Wed, Feb 12
Commodities
WRAPUP 1-Trump administration readies reciprocal US tariffs as trade war fears mount
Trump planned to announce new reciprocal tariffs by WednesdayIndustries scramble to offset rising steel, aluminum costsExperts warn of challenges in implementing reciprocal tariffsBy Andrea Shalal and David Lawder WASHINGTON, Feb 12 (Reuters) - Donald Trump's trade advisers were finalizing pl...Reuters
Wed, Feb 12
Commodities
India gas demand to surge by 2030, doubling LNG imports, says IEA
India's natural gas demand forecast to reach 103 billion cubic meters per year by 2030Domestic output will rise to 38 bcm/year by end of decadeIndia's LNG import requirements expected to roughly double to 65 bcm/yearIEA says India will need more LNG import capacityBy Shariq KhanNEW DELHI, Fe...Reuters
Wed, Feb 12
Stocks
Commerzbank plans job cuts, new targets to keep UniCredit away, sources say
UniCredit poised to pounce on CommerzbankGerman bank attempts to rebuff unwanted advanceCEO to outline plan of actionPlans include staff cuts and new targets By Tom Sims, John O'Donnell and Emma-Victoria Farr FRANKFURT, Feb 12 (Reuters) - Germany's Commerzbank CBKG.DE is preparing staff c...Reuters
Wed, Feb 12
Cryptocurrencies
50,000% Gains on the Horizon? XRP and BITCOIN Investors Bet on OFFICIAL MAGACOIN
The cryptocurrency market is abuzz with the possibility of astronomical returns, as investors from XRP and Bitcoin are now placing their bets on The Official Magacoin (ticker: OFFICIAL MAGACOIN), which could potentially offer gains up to 50,000%. XRP’s Bullish Recovery XRP has been making headlines with its recovery from regulatory challenges, now trading at around […]Cryptopolitan
Wed, Feb 12
Economic Indicator
JGB yields hit multi-year highs on uncertainty over BOJ's rate hike pace, higher US yields
TOKYO, Feb 12 (Reuters) - Japanese government bond (JGB) yields hit new multi-year highs on Wednesday amid uncertainties about the Bank of Japan's rate hike pace, while higher U.S. Treasury yields also weighed on sentiment. The 10-year JGB yield JP10YTN=JBTC rose 3 basis points (bps) to 1.34%, i...Reuters
Wed, Feb 12
Other
Baidu to release next-generation AI model this year, source says
Recast with new sourcing; adds background in paragraphs 3-8 Feb 12 (Reuters) - China's Baidu 9888.HK is set to launch the next iteration of its artificial intelligence model in the second half of 2025, a person with direct knowledge of the matter told Reuters.The new model, Ernie 5, will feat...Reuters
Wed, Feb 12
