OCBC’s Christopher Wong says British Pound (GBP) has held up despite UK political noise, with local elections pointing to a more fragmented landscape and a medium-term political-risk premium. He sees GBP trading with a modest political-risk discount near term, but driven m
The retailer reported higher sales driven by e-commerce and store expansion but saw net income decline year-on-year. Bob’s Discount Furniture reported an 8.5% increase in first-quarter net revenue to $578.09m, up from $532.7m in the same period last year. Comparable sales
EUR/USD rises amid mild bullish momentum, nearing 1.1800 resistance despite geopolitical risks in the Middle East. The euro extended gains against the US dollar, approaching the 1.1800 level as mild positive momentum persists. The currency pair faces resistance at this key
Plaintiffs allege Nike raised prices by up to $10 to offset $1bn in tariffs later invalidated by the US Supreme Court. Nike faces a proposed US class action lawsuit accusing the company of increasing prices to cover $1bn in tariffs on imported goods. The tariffs, imposed u
The investment aims to meet rising electricity demand from utilities, industries, and data centers amid global grid modernization efforts. ABB will invest $200 million over three years to expand medium-voltage manufacturing capacity across Europe. The program targets criti
Florida-based insurer Safepoint seeks to raise capital with a $1.03bn in-force premium book as net income surges to $165.6m in 2025. Florida property and casualty insurer Safepoint has submitted documents for an initial public offering on the New York Stock Exchange, targe
BTC’s rejection at the 200-day EMA near $82,580 raises concerns of a repeat 30% decline, analysts warn. Bitcoin fell 2.25% to $80,500 after failing to break above its 200-day exponential moving average, a key resistance level. The rejection mirrors past sell-offs, where BT
Mitsubishi's net income fell to $64 million in FY2025 Mitsubishi Motors Corporation reported a 76% plunge in net income to JPY 10 billion in the fiscal year ending in March 2026, due mainly to the introduction of import tariffs in the US. The company's operating profi
It's worth waiting to see how the US-Iran war develops before deciding whether to hike interest rates Inflation risks are skewed entirely to the upside Sluggish economy and loose labour market should limit second-round effects from energy shock BoE's Greene has been one of the...
CoinShares: Crypto Funds See $857.9M Weekly Inflows as CLARITY Act Lifts Sentiment CoinShares reported that digital asset investment products saw $857.9 million in inflows last week and total AuM rose to $160 billion. Bitcoin led with $706.1 million in inflows, while Ether
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