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Business & Finance - 2021-06-10
'CryptoPunk' NFT sells for $11.8mn: Sotheby's

'CryptoPunk' NFT sells for $11.8mn: Sotheby's

  • Two other Alien CryptoPunk NFTs have sold for more than $7 million each in previous sales. Anyone can view the artworks the NFTs represent, but only the buyer has the official status of being the owner.
Published 10 Jun, 2021 10:06pm
US stocks climb despite sizzling inflation
Stocks

US stocks climb despite sizzling inflation

  • US stocks pushed higher despite the prospect of a stimulus slowdown and a quicker rise in interest rates, as other data showed that first-time claims for jobless benefits continued to fall last week.
Published 10 Jun, 2021 10:00pm
Energy stocks lift TSX as oil prices rise
Stocks

Energy stocks lift TSX as oil prices rise

  • Toronto Stock Exchange's S&P/TSX composite index was up 40.42 points, or 0.2%, at 20,042.69.
  • On the TSX, 138 issues were higher, while 85 issues declined for a 1.62-to-1 ratio favouring gainers, with 23.05 million shares traded.
Published 10 Jun, 2021 08:25pm
Raw sugar futures edge higher, arabica also rises
Commodities

Raw sugar futures edge higher, arabica also rises

  • July raw sugar rose by 0.02 cent, or 0.1%, to 17.75 cents per lb.
  • July arabica coffee rose by 1.25 cents, or 0.8%, to $1.5845 per lb.
  • September London cocoa rose by 12 pounds, or 0.75%, to 1,621 pounds a tonne.
Published 10 Jun, 2021 06:59pm
Microsoft plans to tap smart TVs, streaming devices for Xbox games

Microsoft plans to tap smart TVs, streaming devices for Xbox games

  • Xbox is also building its own streaming devices for cloud gaming to reach gamers on any TV or monitor without the need for a console.
  • "I am looking forward to how we continue to invest in Game Pass, to add more content and bring the service to even more geographies."
Published 10 Jun, 2021 06:32pm
Financials boost Indian shares; US inflation data eyed
Stocks

Financials boost Indian shares; US inflation data eyed

  • The blue-chip NSE Nifty 50 index rose 0.65% to 15,737.75 and the benchmark S&P BSE Sensex climbed 0.69% to 52,300.47 at close. Both the indexes are set for a fourth straight weekly gain.
  • In Mumbai trading, Bajaj Finance Ltd, State Bank of India and HDFC Ltd were among the top boosts to the Nifty 50, gaining between 0.7% and 7.3%.
Published 10 Jun, 2021 06:07pm
French and Swiss central banks to trial wholesale digital currencies
Money & Banking

French and Swiss central banks to trial wholesale digital currencies

  • The experiment will focus on the bank-to-bank 'wholesale' lending market rather than everyday public transactions but will be the first time a digital euro and Swiss franc have been fully tested.
  • The eurozone is adapting to a "strong trend" towards the digitalisation of payments," said Bank of France Deputy Governor Sylvie Goulard.
Published 10 Jun, 2021 05:58pm
Asia markets rise with key events on horizon
Stocks

Asia markets rise with key events on horizon

  • The release Thursday of May's consumer price index is now crucial, with warnings that a big miss to the upside of the 4.7 percent forecast would ramp up expectations of policy tightening.
Published 10 Jun, 2021 10:00am