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By Sandra Helsel posted 10 Oct 2024 Terra Quantum Announces Successful Demonstration of New Type of Superconductivity Terra Quantum, a global leader in quantum technology, announced on October 20 the successful demonstration of a new type of superconductivity...

Australian Dollar extends decline as traders brace for US CPI data

The Australian Dollar remains under selling pressure in Thursday’s Asian session.  The firmer USD and lack of further China’s stimulus measures drag the pair lower.  The...

AUD/USD remains on the defensive around 0.6700, eyes on US CPI inflation data

AUD/USD trades in negative territory around 0.6715 in Thursday’s early Asian session.  The rising speculation of a 25 bps rate cut by the Fed in November underpins...

Gold price edge lower as traders eye US CPI data

Gold declined as Fed Minutes revealed a “substantial majority” backed a 50 bps cut, while some preferred 25 bps. CME FedWatch Tool shows lower odds...

Gold price slips on Middle East truce calls, clings above $2,600

Gold drops to a daily low of $2,604 amid truce hopes between Israel and its neighbors. Safe-haven demand weakens as Hezbollah supports ceasefire efforts, while...

Mexican Peso drops as high US yields bolstered the USD

Mexican Peso drops, weighed by risk-off mood and strong US economic data. Banxico Deputy Governor Omar Mejia hinted at a negative output gap by late...

Mexican Peso tumbles ahead of inflation data

Mexican Peso drops, weighed by risk-off mood and strong US economic data. Banxico Deputy Governor Omar Mejia hinted at a negative output gap by late...

Quantum News Briefs October 8: Scalable Parity Architecture for Quantum Optimization with Global Addressing • Q-CTRL Sets Global Quantum Technology Fundraising Record • D-Wave...

Scalable Parity Architecture for Quantum Optimization with Global Addressing The teams at ParityQC and the University of Innsbruck have reported a significant step forward in...

BYD Eyes India Investment, But Will Geopolitics Get in the Way?

By Maria Merano Posted on October 8, 2024 China’s top electric vehicle (EV) automaker, BYD, is considering an investment in India. However, the Chinese...

Volvo Cars Wants to Avoid the EU Tariffs on China-Made EVs

By Maria Merano Posted on October 7, 2024 Volvo Cars hopes for a better tariff rate for its China-made electric vehicle (EV) imports.  Volvo Cars...

US Policy Pivot Prompts Chinese Ex-Minister to Call for Crypto Research – CryptoCurrencyWire

China’s former finance vice minister, Zhu Guangya, has urged the country to keep studying cryptocurrencies as the United States adopts a more favorable stance...

Asia Venture Funding Hits 10-Year Low In Q3

Venture funding in Asia continues to sink — hitting its lowest total in nearly a decade last quarter. Total venture dollars to Asia-based startups fell...

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