Abandons

By Mary Manis and Helen Reid STOCKHOLM (Reuters) - H&M (ST:) scrapped its profit margin target for 2024 as high discounting, costs and fierce competition hurt operating profit in the third quarter, sending shares in the world’s…

Indian cryptocurrency exchange WazirX has found itself at the center of a major controversy after proposing a social loss distribution plan to distribute the massive $230 million in losses it incurred due to the…

Matter Labs, the developer behind the ZkSync Ethereum Layer 2 network, has decided to abandon its efforts to trademark the term “ZK.” In a June 3 update, Matter Labs said its decision to abandon its efforts to trademark the…

Ripple has decided to reverse its planned acquisition of Fortress Trust, a subsidiary of Fortress Blockchain Technologies that offers wallet and payment services. Less than a month after announcing its intention to acquire the firm, Ripple…

US dollar weakness is making headway as the Fed abandons its hawkish pledgeAfter a sharp sell-off late last year and early 2023, the US dollar, according to the DXY index, made a solid recovery in February, buoyed by hotter-than-expected US…