US Supreme Court rebuffs challenge to federal protections for tech platforms

Coinbase invests in Indian crypto exchange CoinDCX at $2.45 billion valuation

PositiveFinancial Markets

Coinbase has made a significant investment in the Indian cryptocurrency exchange CoinDCX, which is now valued at $2.45 billion. This move highlights the growing interest and potential of the Indian crypto market, as Coinbase aims to expand its footprint in Asia. The investment not only boosts CoinDCX's resources but also signals confidence in the future of cryptocurrency in India, a country with a rapidly evolving digital economy.

Malaysia to discuss sectoral tariffs with U.S. at ASEAN summit, state media reports

NeutralFinancial Markets

Malaysia is set to engage in discussions regarding sectoral tariffs with the United States during the upcoming ASEAN summit, as reported by state media. This dialogue is significant as it reflects Malaysia's ongoing efforts to strengthen trade relations and address tariff issues that could impact economic growth. The outcome of these discussions may influence future trade policies and partnerships in the region.

Investing.com29 minutes ago

Foxconn sees limited impact from China rare earths curbs for now

NeutralFinancial Markets

Foxconn has reported that the recent curbs on rare earth exports from China have had a limited impact on its operations for the time being. This is significant as rare earth materials are crucial for various technologies, and any disruptions could affect supply chains globally. However, Foxconn's resilience in navigating these challenges highlights its strategic planning and adaptability in a rapidly changing market.

Investing.com14 hours ago

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US Supreme Court rejects Alex Jones' challenge to $1.4 billion defamation judgment

NegativeFinancial Markets

The US Supreme Court has turned down Alex Jones' appeal against a staggering $1.4 billion defamation judgment related to his false claims about the Sandy Hook shooting. This decision is significant as it upholds the lower court's ruling, reinforcing the accountability of public figures for spreading misinformation. It highlights the ongoing legal battles surrounding the consequences of harmful rhetoric and the importance of truth in media.

Bitcoin worth $14bn seized in US-UK crackdown on alleged scammers

Latest from Financial Markets

BBC News14 minutes ago

PositiveFinancial Markets

In a significant crackdown on alleged scammers, authorities in the US and UK have seized Bitcoin worth $14 billion and frozen assets, including a £100 million office building in London. This operation highlights the ongoing efforts to combat cryptocurrency-related fraud and protect investors, showcasing the commitment of law enforcement to tackle financial crime on a global scale.

The Wall Street Journal18 minutes ago

via BBC News

China’s Deflationary Pressures Ease Slightly

NeutralFinancial Markets

In September, China experienced a slight easing of deflationary pressures, although not as significantly as anticipated. This development is important as it reflects Beijing's ongoing efforts to manage excess capacity and stimulate domestic demand, which are crucial for the country's economic stability and growth.

via The Wall Street Journal

Bloomberg22 minutes ago

Oil Tankers Divert From China’s Rizhao Port After US Sanctions

NegativeFinancial Markets

Three supertankers have diverted from Rizhao port in China due to recent US sanctions affecting the terminal, which is crucial for about 10% of the country's oil imports. This shift not only impacts the shipping industry but also raises concerns about China's energy security and its ability to meet domestic demand. The sanctions highlight ongoing tensions between the US and China, making it a significant development in global trade and geopolitics.

Japan 20-Year Debt Sale Sees Firmer Demand Than 12-Month Average

via Bloomberg

Bloomberg23 minutes ago

PositiveFinancial Markets

Japan's recent government bond sale has shown a remarkable increase in demand, surpassing the 12-month average. This uptick is largely attributed to higher yields that have drawn in investors, signaling confidence in the market despite recent political turmoil. Such strong interest in government bonds is crucial as it reflects investor sentiment and can influence future economic policies.

via Bloomberg

Coinbase invests in Indian crypto exchange CoinDCX at $2.45 billion valuation

PositiveFinancial Markets

Malaysia to discuss sectoral tariffs with U.S. at ASEAN summit, state media reports

NeutralFinancial Markets