Author: IA PressRoom

© Reuters. FILE PHOTO: The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo Allegri By Clara Denina and Simon Jessop LONDON (Reuters) – BlackRock (NYSE:) on Tuesday launched the “Brown to Green Materials Fund” targeting undervalued carbon-intensive companies that produce the raw materials and products driving the energy transition. Investors are increasingly focused on what actions companies in industries such as metals and mining, cement, and construction, are taking to decarbonise, as the sectors produce over 17% of global greenhouse gas emissions. Growing demand for lithium,…

The price of Bitcoin has entered a consolidation phase, trading within a range of $25,400 to $26,200. This period of consolidation suggests a temporary pause in the upward or downward momentum of Bitcoin. Traders and investors are now closely observing the market to determine the next move for Bitcoin. The key question that remains is whether Bitcoin will break out of this range and continue its upward trend or experience a reversal and move lower. In this Bitcoin price prediction, we will explore the potential scenarios and factors that could influence the future direction of Bitcoin’s price.Crypto-Friendly Congressmen Propose SEC Reform and Dismissal of…

© Reuters. FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration By Rae Wee SINGAPORE (Reuters) – The dollar edged broadly lower on Tuesday but traded in a narrow range, as investors remained cautious ahead of key U.S. inflation data due later in the day just as the Federal Reserve kicks off its two-day monetary policy meeting. In Asia, China’s yuan fell to a six-month low after the central bank lowered a short-term lending rate for the first time in 10 months, in a bid to restore market confidence and prop up its…

Stephan Weil, president of the Lower Saxony region of Germany — where the Wunstorf Air Base is located — called the exercise “necessary.”“That is certainly much clearer today than when it was first planned,” Mr. Weil said. “Since the Russian invasion of Ukraine, we know that the European security architecture, as we have assumed it for decades, no longer functions, and that national defense must therefore have a much greater significance.”At their core, however, the Air Defender drills appear intended to show President Vladimir V. Putin of Russia the risks of pushing NATO too far.“I’d be very surprised, shall we…

Labcorp' subsidiary prices $570M debt offering, related to Fortrea spinoff

ROMEOVILLE, IL – AUGUST 01: Workers pack and ship customer orders at the 750,000-square-foot Amazon … [+] fulfillment center. (Photo by Scott Olson/Getty Images)Getty Images The Producer Price Index report on wholesale price inflation containing data for May will be released on June 14 at 8.30 a.m. EST. After peaking last summer, wholesale prices have seen disinflation, with annual data for April showing a 2.3% annual rise in PPI pricing, or 3.4% with foods, energy and trade services stripped out to create a less volatile wholesale inflation measure. Services However, beyond the aggregate headline figures for PPI, the Federal Reserve…

© Reuters. FILE PHOTO: A construction worker stands on a platform on a new apartment building under construction in Manchester, Britain June 1, 2023. REUTERS/Phil Noble By Andy Bruce LONDON (Reuters) – Britain’s labour market looked much stronger than expected during the three months to April, according to data on Tuesday that will bolster bets that the Bank of England will keep on raising interest rates this year. The Office for National Statistics said wages excluding bonuses were 7.2% higher than a year earlier during the three months to April. Economists polled by Reuters had forecast a 6.9% rise on…

© Reuters Investing.com — Asian chipmaking stocks rose sharply on Tuesday after a report suggested that manufacturers in South Korea and Taiwan will be allowed to maintain infrastructure in China despite U.S. sanctions against the country. Taiwan’s TSMC (TW:) jumped over 3%, while South Korea’s Samsung Electronics Co Ltd (KS:) and SK Hynix Inc (KS:) rose 1.6% and 3.7%, respectively, after the Wall Street Journal reported that the three firms will be allowed to maintain and upgrade their chipmaking infrastructure in China. The three, which are among the biggest chipmakers in the world, had initially gotten a one-year waiver to…

Source: BreizhAtao/AdobeChinese police have warned there has been an increase in digital yuan-themed scams, as the nation’s CBDC rollout gathers pace.Per the state-run news outlet CCTV (via Xinhua), officers in Shandong Province claimed they had seen a rise in digital yuan-themed “fraud.”They said one recent scam had ensnared “tens of thousands of people.”Officers said that “some criminal suspects” have “seen opportunities” to strike amid e-CNY adoption drives.Police said that many fraudsters had developed authentic-looking apps that make use of digital yuan logos downloaded from official sites.They then use these to dupe citizens into thinking they can make easy “investment” money…

Members of the House Armed Services Committee are demanding several updates from the Pentagon on whether it is effectively using artificial intelligence to defend against growing threats from China and other adversaries.The committee on Monday released its annual proposal for the defense policy bill known as the National Defense Authorization Act, which will be considered by various subcommittees starting Tuesday. The section of the bill that deals with cyber and information technology was accompanied by several demands for updates on the Defense Department’s efforts to incorporate AI into its national security posture.One of these demands relates directly to China, which…