By Stephanie Kelly NEW YORK (Reuters) -Oil prices climbed by nearly 5% on Monday on hopes the Omicron coronavirus variant would have a less damaging economic impact if its symptoms proved mostly mild and as some OPEC member countries signaled confidence in the market. Reports in South Africa said Omicron cases there had only shown …
Oil rebounds by almost 5% on Omicron hopes, Iran talks Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar edged higher against safe-haven currencies such as the yen and Swiss franc after reassuring news on the Omicron COVID-19 variant, while units like the Australian dollar that had weakened in recent weeks on growth worries also advanced. U.S. Treasury yields rose and stocks gained after news …
Dollar up against safe havens as risk sentiment improves on Omicron news Read More »
NEW YORK (Reuters) – Retail investors have been among those selling shares in Didi Global, which tumbled after the ride-hailing company revealed its plan to withdraw from the New York Stock Exchange. Retail investors sold a net $3.37 million worth of Didi shares on Friday, data from Vanda Research showed, and the stock tumbled 22.2% …
Retail investors added to Didi selloff after delisting news Read More »
By Clare Jim HONG KONG (Reuters) – China Evergrande Group has set up a risk management committee as the cash-strapped property developer inches closer to a debt restructuring that has loomed for months over global markets and the world’s second-largest economy. The real estate giant, which is grappling with over $300 billion in liabilities and …
Evergrande moves toward restructuring; state swoops in to contain risk Read More »
OSLO (Reuters) – The head of the Malaysian unit of Norway’s Aker Solutions has been cleared by a court of accusations that he submitted false documents in dealings with state-owned energy company Petronas, the Norwegian company said on Monday. Ahmad Hatta Kamaruzzaman, who was charged in June over the allegations, had pleaded not guilty, his …
Norway’s Aker Solutions says Malaysia manager cleared of charges Read More »
By Daniel Leussink TOKYO (Reuters) – Asia’s emerging economies should improve oversight of foreign exchange liquidity risks and make currency hedging more flexible as growing dollar investments make the region more vulnerable to currency swings, the Bank for International Settlements said. Increasing wealth and ageing populations have led to growing holdings of dollar-denominated portfolios of …
Emerging Asia needs dollar hedging reforms to reduce market risks, BIS says Read More »
By Alun John, Tom Wilson and Gertrude Chavez-Dreyfuss NEW YORK/LONDON/HONG KONG (Reuters) – Bitcoin dropped by almost 5% on Monday as the start of the week offered little respite to the world’s largest cryptocurrency after a bruising weekend when, at one point, it lost over a fifth of its value. The rout sent bitcoin’s price …
Bitcoin extends decline after weekend flash crash Read More »
NEW YORK (Reuters) – The International Monetary Fund and Nepal have reached a staff-level agreement that could unlock about $400 million for the Asian nation, the Fund said in a statement on Monday. The program’s priorities are to mitigate the impact of the coronavirus pandemic, preserve macro economic and financial stability and support a reform …
IMF, Nepal reach staff-level agreement on 3-yr, $400 million program Read More »
(Reuters) -Genesys said on Monday it had raised $580 million in a funding round led by Salesforce Ventures, valuing it at $21 billion, as the enterprise software maker seeks to expand its offerings and amid reports the company was planning to go public. Genesys, which counts payments giant PayPal and Microsoft as its clients, offers …
Genesys valued at $21 billion after latest funding round Read More »
TOKYO (Reuters) – SoftBank Group shares fell as much as 9% in Monday trading in Tokyo, the seventh consecutive day of decline, as the market digested falling valuations at key portfolio companies and regulatory opposition to the sale of Arm. SoftBank shares were trading at 5,122 yen at 10:39 a.m. (0139 GMT), down by half …
SoftBank shares slide 9% as portfolio upside evaporates Read More »
