India’s state-run refiners are planning to buy as much Russian oil as possible while shifting their purchase strategy from tenders to negotiated deals to extract deeper discounts, people familiar with the matter said. State refiners have bought more than 15 million barrels of Russian crude from traders as well as Russian firms since the outbreak
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A contractor uses a hammer while working on townhouse under construction at the PulteGroup Metro housing development in Milpitas, California. David Paul Morris | Bloomberg | Getty Images Sharply rising mortgage rates are taking their toll on the nation’s homebuilders, as already pricey new construction becomes even less affordable.  Builder confidence in the market for
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The minutes of the Reserve Bank of Australia are being drip-fed through the wires adding more colour surrounding the Board’s views and are so far supporting AUD/USD that was already correcting an hourly bearish impulse. RBA minutes Inflation had picked up and a further increase was expected. Australian economy had remained resilient and spending was picking up
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WonderFi Technologies, a decentralized finance (DeFi) platform, plans to continue its expansion in Canada by purchasing the Coinberry crypto exchange for $38 million. The platform will be the second regulated crypto exchange under WonderFi once the acquisition is finalized.  The firm recently closed its acquisition of Bitbuy’s parent company First Ledger Corp. for $162 million.
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NAHB housing market index for April falls to 77 versus 79 in March. Single-family home sales 85 versus 87 sales of the next six months 73 versus 70 in March prospective buyers 60 versus 66 in March Northeast, +1 point Midwest -3 points South -2 points West +1 point The decline in the index is
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EUR/JPY is consolidating close to recent highs above the 136.50 mark on Monday in quiet, holiday-thinned trade. “Until the BOJ changes its ultra-dovish stance… monetary policy divergence argues for continued yen weakness,” one analyst said. Technicians are eyeing a possible bullish breakout above the 137.00 level and a push towards 140.00. EUR/JPY is consolidating close
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