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Yen Drops to Fresh 34-Year Low as BOJ Keeps Key Rate Unchanged
(Bloomberg) -- The yen weakened after an initially choppy response to the Bank of Japan keeping its key interest unchanged.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBig Tech Surges in Late Hours on Blowout Earnings: Markets WrapPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingThe currency was down 0.3%
2-min read - BusinessBloomberg
Oil Heads for Weekly Advance Ahead of Critical US Inflation Data
(Bloomberg) -- Oil headed for a weekly gain ahead of US inflation data that may give further clues on the path forward for monetary policy, shaping appetite for risk assets including commodities such as crude.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBig Tech Surges in Late Hours on Blowout Earnings: Markets WrapPlung
1-min read - BusinessBloomberg
Anglo’s Stumbles Make It Prey for Mining’s Biggest Predator
(Bloomberg) -- When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the century-old miner. Metals prices soared as the world emerged from lockdowns, the company had recently posted its best-ever annual profit and the popular industry veteran was handing over to a trusted lieutenant. Anglo stock hit a record the same day.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesJavier Milei Fuels Wild Rally Tha
7-min read - BusinessBloomberg
Gold Heads For Weekly Loss as US Inflation Concerns Sap Demand
(Bloomberg) -- Gold was on track for a weekly loss as persistent inflationary forces looked increasingly likely to push back the timing for US rate cuts.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBig Tech Surges in Late Hours on Blowout Earnings: Markets WrapPlunging Home Prices, Fleeing Companies: Austin’s Glow Is Fad
1-min read - BusinessFortune
Amazon should be forced to disclose how Jeff Bezos and others were instructed to use the Signal disappearing-message app, FTC says
The regulator's request is the latest salvo in the antitrust lawsuit between the agency and the tech giant.
2-min read - BusinessTechCrunch
Zomato's quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs
Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato's quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank's sum-of-the-parts analysis. The investment bank estimates Blinkit's implied value at 119 Indian rupees per share ($1.43) or about $13 billion, while Zomato's food delivery business is valued at Rs 98 per share. Goldman previously pegged Blinkit's valuation at $2 billion in March 2023.
3-min read - BusinessBloomberg
Japan Is Ready to Intervene Even as BOJ Meets, History Shows
(Bloomberg) -- History suggests that Japanese authorities are willing to intervene in the currency market even around the time that the central bank’s policy board is meeting.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBig Tech Surges in Late Hours on Blowout Earnings: Markets WrapPlunging Home Prices, Fleeing Companies
1-min read
