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Currency traders are not convinced that high interest rates are here to stay.

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxAtos and Backbase have formed a new partnership to support banks moving AI from pilots into regulated digital banking environments.The collaboration covers international markets including Africa, Asia Pacific, the Middle East, Portugal, Spain, Southeast Europe, Switzerland and Turkey.It will support financial institutions modernising digital banking systems while managing data controls, resilience and regulatory requirements.Atos and Backbase will work together on opportunity development, professional services, delivery support, training and joint go-to-market activities.The partnership combines Backbase’s AI-Native Banking OS with Atos’ expertise in systems integration, sovereign cloud, cybersecurity, AI transformation…

Exxon Mobil not liable to investors over Canadian oil sands, gas assets, jury says

Momentum and risk appetite are ascendant, but that may be a problem, say Goldman Sachs strategists.

US business inventories post biggest gain in nearly four years in March

A group of 20 victims from five countries or jurisdictions has filed a $525 million lawsuit against Fenwick & West LLP, one of Silicon Valley’s top tech law firms, accusing it of helping conceal the FTX fraud.The complaint, filed Wednesday in the US District Court for the District of Columbia, names the firm alongside six individual defendants. The plaintiffs say they lost their life savings when FTX collapsed, claiming that Fenwick’s involvement gave the exchange a false air of legitimacy that kept them from pulling their money out.At the center of the case is testimony from Nishad Singh, FTX’s former…

Vishay Intertechnology Inc.’s (VSH) shares climbed 14.5% after reporting first-quarter 2026 adjusted earnings of $0.05 per share, surpassing the Zacks Consensus Estimate of $0.03 per share. Shares of ICL Group Ltd (ICL) surged 6.9% after posting first-quarter 2026 adjusted earnings of $0.11 per share, outpacing the Zacks Consensus Estimate of $0.10 per share. Shares of Global-E Online Ltd. (GLBE) tumbled 8.9% after the company reported first-quarter 2026 adjusted earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.18 per share. Nebius Group N.V. (NBIS) shares jumped 15.7% after the company posted first-quarter 2026 revenues of $399 revenues, beating the Zacks Consensus…

Canada is emerging as a leader in digital finance, driven by regulatory advancements and innovative exchange-traded funds (ETFs) tracking tokenized assets. The Budget Implementation Act, 2025, No. 1 introduced Canada’s first stablecoin regulations, placing Canadian-pegged assets under Bank of Canada oversight. This transition from hype to a regulated reality fosters trust among institutional and individual users.During an interview on the Investing News Network podcast, Ken Chen of Global X Investments Canada highlighted how tokenization and stablecoins will transform the nation’s financial infrastructure, payments and investment landscape by providing access to previously illiquid assets and enhancing diversification, as well as efficient,…

S&P 500 futures hit record highs despite rising oil prices and hotter inflation data. Technical indicators suggest markets look overbought, raising chances of short-term consolidation or pullback. Investors remain focused on AI optimism and potential US-China agreements supporting market sentiment. The have risen to a new record high today, continuing to rise on the AI optimism wave and ignoring all the risks that have been thrown at the market. These include sharply rising , and two reports that came in hotter than expected. Markets wobbled only momentarily before rebounding to fresh record highs over the last couple of days. The…

DAX Slides Into Correction as Traders Eye Key Support Zone