Yuan reaches three-month high as Trump-Xi meeting starts The Chinese Yuan has reached a three-month high against the USD. The USD/CNH has been on a losing streak since April 30, hitting a 39-month low of 6.7815. It is currently trading around 6.7850 during
The yuan strengthens to 6.7850 against the dollar amid U.S.-China talks targeting $30 billion in tariff reductions. The Chinese yuan climbed to a three-month high against the U.S. dollar, trading at 6.7850 during Asian hours as Presidents Trump and Xi met in Beijing. The c
The company priced 2.85 million American Depositary Shares above expectations, signaling strong investor demand. Micware priced its initial public offering of 2.85 million American Depositary Shares at $8 each, raising $22.8 million. The offering was upsized from its initi
The Indian Rupee remains under pressure at 95.80 against the USD amid elevated oil prices and uncertainty over U.S.-China trade discussions. The Indian Rupee (INR) traded cautiously near 95.80 against the US Dollar (USD) on Thursday, close to its all-time high of 95.88 rea
Bank of England (BoE) Deputy Governor Sarah Breeden said that the central bank is in a good place to be able to watch what’s happening in the economy, the Financial Times reported on Thursday. Breeden added that the BoE can’t wait forever, but it doesn’t need to do it in J
Blackstone Digital Infrastructure Trust raises $1.75B in US IPO Blackstone Digital Infrastructure Trust raised $1.75B in its US IPO after pricing 87.5M shares at $20 each. The underwriters have a 30-day option to lift total IPO proceeds to $2B. The IPO is targe
Euronext, Xetra, and Frankfurt exchanges will operate normally today, though liquidity may be thinner due to regional holidays. European stock markets, including Euronext (excluding Oslo), Xetra, and Frankfurt, will remain open today despite Ascension Day observances in pa
Neonode reports a 19.6% annual revenue increase but widens cash burn to $2.1 million in the quarter. Neonode reported a first-quarter GAAP loss of $0.11 per share on revenue of $0.61 million, up 19.6% from the same period last year. The company’s cash used by operations ro
The TRUMP token declines as Trump Mobile prepares to ship its rebranded T1 smartphone next week amid broader skepticism. The TRUMP token, a memecoin tied to former U.S. President Donald Trump, fell 5 percent after Trump Mobile announced its T1 handset will begin shipping n
The Euro gains against the Yen after the ECB maintains a hawkish stance on interest rates, reinforcing policy divergence. The Euro extended gains against the Japanese Yen, trading near 184.90 in early European trading. The move follows hawkish signals from the European Cen