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  • Dollar Edges Lower Ahead of Payrolls; yen Weakens After BOJ Stands pat

    Dollar Edges Lower Ahead of Payrolls; yen Weakens After BOJ Stands pat0

    The U.S. dollar edged lower in early European trade Friday ahead of the key monthly jobs report, and the yen weakened after the Bank of Japan retained its ultra-dovish stance. At 03:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 105.125, but

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  • Silvergate’s planned liquidation fuels another crypto rout

    Silvergate’s planned liquidation fuels another crypto rout0

    one of the biggest banks in the cryptocurrency industry, said on Wednesday it was planning to wind down operations and liquidate voluntarily Shares of crypto-related companies fell on Thursday, as the bank’s collapse sparked a crisis of confidence in the industry. Silvergate shares were down 26% while peer Signature Bank (NASDAQ:SBNY) and former Silvergate partner

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  • Aviva Hits Seven-Month High On New Buyback, Raised Dividend Outlook

    Aviva Hits Seven-Month High On New Buyback, Raised Dividend Outlook0

    The U.K. asset manager and insurer said it is confident of its ability to continue generating surplus cash and expects to pay out around £915M (£1 = $1.1848) this year and will aim for “low to mid-single-digit growth” in the dividend thereafter. “We are making excellent progress at Aviva,” chief executive Amanda Blanc said in

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  • Asian Stocks Slip On Weak Chinese Data, Fed jitters Persist

    Asian Stocks Slip On Weak Chinese Data, Fed jitters Persist0

    Most Asian stocks edged lower on Thursday as weaker-than-expected Chinese inflation data pointed to a sluggish economic recovery in the country, while fears of a more hawkish Federal Reserve continued to chip away at sentiment. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes fell 0.3% each after data showed consumer inflation grew substantially less

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