Author: IA PressRoom

© Reuters. FILE PHOTO: An employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, U.S., April 7, 2023. REUTERS/Elizabeth Frantz (Reuters) -Key jobs figures in the United States, Chinese business activity data and European inflation readings are giving more evidence on the pull and push factors impacting the world’s top economies. A deal on the U.S. debt ceiling, struck on Sunday, will move to Congress for a vote while in Turkey, voters gave President Tayyip Erdogan a mandate for another five years. Meanwhile, tech investors are on the hunt for undervalued…

© Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 24, 2023. REUTERS/Staff (Reuters) – European shares rose on Monday as investors drew comfort from a tentative deal reached by U.S. lawmakers to raise the debt ceiling and avert a default. The euro zone stocks index climbed 0.4% by 0715 GMT, with the bloc’s banks among the top gainers. Trading volumes were light, with markets in the United States, the UK and several European countries closed. U.S. President Joe Biden on Sunday finalised a budget agreement with House Speaker…

Bitcoin, the world’s leading cryptocurrency, has recently completed a significant milestone in its price movement as it successfully reached the 61.8% Fibonacci retracement level. This retracement pattern, based on the mathematical ratios derived from the Fibonacci sequence, is often used by traders and analysts to identify potential support and resistance levels in the market. The completion of the 61.8% retracement suggests a crucial turning point for Bitcoin’s price trajectory. In this Bitcoin price prediction, we will delve into the implications of this retracement level and explore the possible scenarios for Bitcoin’s future movement.Bitcoin Price As of today, Bitcoin is being traded at a price…

President Biden and Speaker Kevin McCarthy reached an agreement on Saturday to raise the debt ceiling while imposing new restraints on federal spending. If approved by Congress, it will end a partisan deadlock and avert a potentially devastating national default.The deal will not only resolve the high-octane dispute over debt and spending issues that has gripped Washington for weeks but also enact important changes in environmental permitting, work requirements for social safety-net programs, and Internal Revenue Service tax enforcement.The accord, described as an agreement in principle that was cemented during a telephone call between Mr. Biden at Camp David and…

Monday crypto news confirmed Singapore’s Temasek Holdings had concluded an internal review of its $275M investment loss at now-insolvent FTX exchange. The staff accountable for the investment took full responsibility and had their salaries cut. Also, the senior management team endured the same pay cuts. Temasek has made a statement on the FTX fraudAdmits damage to their reputationCompensation of employees reducedWhile FTX creditors lose their life savings, mental health and some reported suicides – not exactly fair pic.twitter.com/VOCkf8AfSG— Sunil (FTX 2.0 Champion) (@sunil_trades) May 29, 2023 That comes nearly half a year after Temasek kick-started a review of the FTX…

StoneCo names Mateus Scherer Schwening CFO

Peter Thiel (left) and Richard Li.Getty Images/Bloomberg MoneyHero Group, a personal finance comparison company based in the Asian financial hubs of Hong Kong and Singapore, is planning to go public in the U.S. by merging with a blank-check company backed by Hong Kong billionaire Richard Li and PayPal cofounder Peter Thiel. The deal with Nasdaq-listed Bridgetown Holdings values MoneyHero at about $200 million, including debt, the fintech firm said in a statement on Thursday. The combined company will have an enterprise value of as much as $342 million. The transaction will provide the company proceeds of up to $154 million.…

getty A recent survey has announced something you already know. The Employee Benefit Research Institute conducted an online survey in late January and early February. It found that retirement confidence among workers has dropped to 64%. This is the lowest level since 2008 when America was on the cusp of its credit-crunch recession. The 2023 ICI Fact Book shows U.S. retirement assets dropped nearly 15% between 2022 and 2021. These figures include defined benefit plans. According to the ICI, these plans “do not have sufficient assets to cover promised benefits that households have a legal right to expect.” Is it…

PwC suspended nine partners and pledged to publish the findings of an internal review later this year as it works to contain a tax leak scandal engulfing its Australian operations.The company has been under intense public scrutiny after the release of emails showing it had used confidential information about changes to tax laws from the government to win new business.The move to suspend nine partners — including members of its executive and governance board — is the latest escalation of a scandal that erupted in February. PwC said it would ringfence the work it does with the federal government in…

2/2 © Reuters. FILE PHOTO: A U.S. one dollar banknote is seen next to Turkish lira banknotes in this illustration taken in Istanbul, Turkey November 23, 2021. REUTERS/Murad Sezer/Illustration 2/2 LONDON (Reuters) -Turkey’s lira wobbled near record lows against the dollar as President Tayyip Erdogan secured victory in the country’s presidential election on Sunday, extending his increasingly authoritarian rule into a third decade. The currency was at 20.05 to the dollar during Asian hours, just shy of the 20.06 record low hit on Friday. The lira, prone to sharp swings before regular trading hours, has weakened more than 6% since…