PARIS (Reuters) -World wine production is expected to fall to its lowest level in 60 years in 2023 due to poor harvests in the Southern Hemisphere and in some major European producers, the International Organisation of Vine and Wine (OIV) said on Tuesday. In initial projections, the OIV pegged world…

The Nigerian Naira continues to experience significant depreciation, despite the Central Bank of Nigeria’s attempts to strengthen the local currency. The Naira’s value has been on a downward trajectory since June 2023, when forex reforms triggered the floating of the local currency from N471.67 per dollar, marking the beginning of…

JPMorgan Logo / Source: Adobe Banking firm JPMorgan has rolled out a programmable payment feature for institutional users of its blockchain-powered payment system, JPM coin. *JPMORGAN LAUNCHES PROGRAMMABLE PAYMENTS IN NEW BLOCKCHAIN PUSH — zerohedge (@zerohedge) November 10, 2023 The announcement, made on November 10 through a press release, details…

Despite the gloom around housing, home builder D.R. Horton beat expectations handily on earnings and revenue this past week. The shares, up 3.2% on the week, have gained 37.6% this year, in line with the iShares U.S. Home Construction exchange-traded fund’s 33%. Other builders did even better. That might seem…

© Reuters. The Reserve Bank of India (RBI) has conditionally approved a proposal from ICICI Bank Ltd. to transform ICICI Securities Ltd. into its wholly owned subsidiary, according to an exchange filing made Today. The decision comes as part of ICICI Bank’s strategy announced on June 29, which includes the…

By Suzanne McGee (Reuters) – The weakening of a long-established correlation between the price of exchange-traded funds (ETFs) tied to gold and gold mining stocks have investors eyeing a range of potential causes, including massive buying from global central banks and shortfalls in gold production. The SPDR Gold Shares (NYSE:)…

In a notable financial update, India’s foreign exchange (forex) reserves have surged by $4.672 billion, reaching a seven-week peak of $590.783 billion for the week ending on November 3. This increase was highlighted in Mumbai on November 10 by a syndicated news feed and comes after the Reserve Bank of…

Source: Adobe / Ascannio FTX’s bankruptcy advisers have filed a lawsuit against crypto exchange Bybit Fintech and its two affiliated companies. The lawsuit aims to recover approximately $953 million worth of cash and digital assets that were withdrawn from Sam Bankman-Fried‘s FTX exchange prior to its Chapter 11 filing a year…

Investors should expect general reassurances, at best, that neither the U.S. or China are courting conflict as President Joe Biden and Xi Jinping seek to stabilize a relationship that has taken new blows since the two last met. A meeting expected Wednesday in San Francisco would be the first in a year, culminating…

© Reuters. FILE PHOTO: A vial labelled “Novavax V COVID-19 Vaccine” is seen in this illustration taken January 16, 2022. REUTERS/Dado Ruvic/Illustration By Patrick Wingrove and Bhanvi Satija (Reuters) -COVID-19 vaccine maker Novavax (NASDAQ:) on Thursday beat market estimates for quarterly revenue, boosted by U.S. government grants to help cover…