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Tag: signals

Mozambique Cuts Rates Third Time in Row, Signals More to Come

(Bloomberg) — Mozambique’s central bank became the first in Africa to cut rates for a third straight time this year and indicated that it will continue to ease. Most Read from Bloomberg The Banco de Mocambique lowered its benchmark lending rate, known by its Portuguese acronym Mimo, by 75 basis points for a third successive […]

Upcoming summer solstice signals change in northern sky

At 4:51 p.m. June 20, we celebrate the first day of astronomical summer and the longest day of the year. The summer solstice occurs when the northern hemisphere is at its maximum tilt toward the sun. It is also when the sun reaches the farthest north position, which is 23.5 degrees, from the celestial equator. […]

Ethereum ETF approval likelihood increases with SEC’s positive signals

The U.S. Securities and Exchange Commission (SEC) appears to be leaning towards approving spot Ether exchange-traded funds (ETFs), prompting a surge in Ether’s value. Ether traded as high as US$3,710 in the past 24 hours, according to CoinGecko. Bloomberg analysts Eric Balchunas and James Seyffart have revised their approval probability from 25% to 75%, citing […]

Sinn Fein’s Support Falls Again, Irish Times Poll Signals

(Bloomberg) — Support for the main Irish opposition party Sinn Fein is declining, according to an Irish Times poll, a change for the party that has been on course to oust the incumbent government. Most Read from Bloomberg Voting preference for the left-wing Irish nationalist party fell by five points in Thursday’s poll to 23%, […]

Huawei flagship store surge in China signals showdown with Apple

By Josh Ye HONG KONG (Reuters) – Huawei is revamping its retail strategy and aggressively opening flagship stores in China, with some just a stone’s throw away from Apple shops, as it seeks to retake the premium electronics throne in the world’s biggest smartphone market. Situated directly across from Apple’s Shanghai flagship store, Huawei’s recently […]

Bank of England holds rate at 16-year high, signals looming cut

The Bank of England on Thursday kept its main interest rate at a 16-year high, but hinted at a cut over the summer as UK inflation cools further and the country looks set to exit recession. “We need to see more evidence that inflation will stay low before we can cut interest rates,” BoE governor […]