Gold prices rose on Thursday amid escalating tensions in the Middle East, enhancing the metal’s status as a safe haven. This increase comes despite the impact of persistently high U.S. interest rates. As of early trading at 0429 GMT, spot gold had increased by 0.6% to $2,374.97 per ounce, following a record high of $2,431.29 reached the previous Friday. Meanwhile, …
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WeWork Inc founder Adam Neumann is making a renewed effort to repurchase the company as it looks to secure several hundred million dollars to exit bankruptcy and avoid being sold, according to a report by FT on Thursday. The company, which provides shared office spaces, is in urgent need of up to $400 million in new funding to successfully come …
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Binance is reportedly taking steps to re-establish its presence in India by settling a $2 million penalty, as per a report by India’s Economic Times, citing informed sources. The cryptocurrency exchange giant is looking to restructure its operations in South Asia to secure full registration with India’s Financial Intelligence Unit, which is in charge of monitoring the local digital assets …
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Taiwan Semiconductor Manufacturing Co, the leading producer of advanced chips for artificial intelligence applications, is projected to announce a 5% increase in first-quarter profit this Thursday due to robust demand. As the largest contract chipmaker globally, serving key clients like Apple and Nvidia, TSMC has capitalized on the accelerating shift towards AI technology. This shift has helped counterbalance the diminishing …
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European Central Bank policymakers aligned in favor of an interest rate cut scheduled for June 6 during discussions on Wednesday, despite challenges from rising oil prices and a depreciating euro. However, their consensus thinned regarding the monetary policy trajectory beyond this initial action. While the ECB has officially signaled a forthcoming rate cut in June, detailed discussions about future policy …
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