By Chuck Mikolajczak NEW YORK (Reuters) – The U.S. dollar dipped slightly against a basket of major currencies on Tuesday amid choppy trade spurred by developments in Ukraine after Russian President Vladimir Putin recognized two breakaway regions in the country and ordered troops to the area. The Kremlin said it remained open to diplomacy with …
Dollar dips in choppy trade as investors weigh Ukraine scenarios Read More »
By Hari Kishan and Jonathan Cable BENGALURU (Reuters) – Global stock markets were already headed for a volatile year with modest gains even before the latest escalation of the Russia-Ukraine crisis, according to a Reuters poll of around 120 equity market analysts and brokers around the world. Russian President Vladimir Putin’s decision on Monday to …
Global stock market outlook modest even before Russia-Ukraine escalation: Reuters poll Read More »
By Elizabeth Culliford (Reuters) – Facebook is launching its short video feature Reels to more than 150 countries, its owner Meta Platforms said on Tuesday, in a move to expand its fastest growing content format. The social media giant, which recently lost a third of its market value after a dismal earnings report, has highlighted …
Facebook launches Reels globally, betting on ‘fastest growing’ format Read More »
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Bitcoin miners are feeling the heat – and the pain’s rippling downstream to pressure prices. The cryptocurrency’s spectacular rally in 2021 drew thousands of entrants into mining, or producing new coin. As a result the hashrate, or combined computational power used by bitcoin miners globally, has …
CRYPTOVERSE-Bitcoin could be laid low by miners’ malady Read More »
By Noah Browning LONDON (Reuters) -Efforts by governments to drive an economic rebound are likely to add strain to tight oil supplies and could send prices to fresh peaks, unless international talks end sanctions on Tehran and lead to a surge in Iranian exports. High energy prices are fueling global inflation already at multi-decade highs …
Oil price set to test fresh peaks barring Iran breakthrough Read More »
By Tom Westbrook and Alun John SINGAPORE (Reuters) – Investors are reviving one of the most unprofitable wagers of the past two decades and betting that a combination of politics and price pressures would prompt the unthinkable: a hawkish shift at the Bank of Japan, perhaps as soon as the summertime. The modern pioneer of …
Analysis-I know what you’ll do next summer: bets grow that the BOJ buckles Read More »
BEIJING (Reuters) – Banks in nearly 90 Chinese cities cut mortgage rates in February, a private research group said, in a bid to boost sales and sentiment in a residential property market rocked by a liquidity crunch and troubled developers. Mortgage rates in 87 out of 103 cities surveyed by Beike Research Institute have come …
Banks in nearly 90 Chinese cities cut mortgage rates Read More »
SEOUL (Reuters) – South Korea’s antitrust agency said on Tuesday it conditionally approves flag carrier Korean Air Lines’ planned acquisition of rival Asiana Airlines. In a deal announced in late 2020, Korean Air planned to spend 1.8 trillion won ($1.6 billion) to become the top shareholder of indebted Asiana in one of the first major …
S.Korea gives conditional nod to Korean Air’s Asiana Airlines purchase Read More »
SHANGHAI (Reuters) – Investor worries over the potential for a fresh wave of regulatory crackdowns by Beijing set off steep drops in Chinese tech shares on Tuesday. Chinese authorities have told state-owned firms and banks to launch a fresh round of checks on their financial exposure and other links to Alibaba’s financial affiliate, Ant Group …
Fresh fears over Beijing regulatory crackdown drive China tech rout Read More »
By Anshuman Daga and Lawrence White SINGAPORE/LONDON (Reuters) -HSBC brought forward its key profitability target by a year and more than doubled its annual profit as expected bad loans from the COVID-19 pandemic failed to materialise, and it pointed to rising interest rates lifting its income. Like global peers, HSBC, one of Europe’s largest banks, …
HSBC boosts profitability goal on higher rates, profit doubling Read More »
