By Lisa Pauline Mattackal and Medha Singh (Reuters) – Crypto lending may not be down and out, but it’s certainly on the ropes. Crypto lenders have boomed over the past two years, attracting tens of billions of dollars in bitcoin, ether and other coins which they in turn lent out or invested, often in decentralized …
Cryptoverse: Crypto lenders face a DeFi drubbing Read More »
By Jamie Freed DOHA (Reuters) – Japan Airlines (JAL) plans to make a decision in a year or two on the replacement of its ageing fleet of Boeing Co 767s and Embraer SA regional jets, a senior executive said on Tuesday. JAL will consider the 787 and Airbus SE A321neo families as possible replacements for …
Japan Airlines eyes replacement of 767s, regional jets – executive Read More »
(Reuters) – Babel Finance, the Hong Kong-based crypto lender which suspended withdrawals and redemption of crypto assets on Friday, said it has reached an agreement with counterparties on the repayment of some debts to ease short-term liquidity. Cryptocurrency valuations have plunged in recent weeks as investors dump risky assets in a rising interest rate environment. …
Crypto lender Babel Finance wins debt repayment reprieve after withdrawal freeze Read More »
DOHA (Reuters) – Cathay Pacific Airways, battered by strict quarantine rules that have led to a 98% fall in passenger numbers, is preparing to bring back more planes to rebuild Hong Kong’s hub status as restrictions ease, the airline’s chief executive said. “We have about one-third of our passenger fleet still parked in the desert, …
Cathay Pacific bringing back more planes to restore Hong Kong hub Read More »
By Rowena Edwards and Rod Nickel LONDON (Reuters) – Oil prices swung higher in volatile trading on Monday, as traders focused on tight supplies over slowing global economic growth. Brent crude futures settled up $1.01, or 0.9%, at $114.13 a barrel. The global benchmark tumbled 7.3% last week for its first weekly fall in five. …
Oil swings higher as tight supplies overshadow demand destruction Read More »
(Reuters) – China Evergrande Group late on Monday said it will announce its preliminary restructuring plan before the end of next month, sticking to its original deadline even as the world’s most indebted property developer struggles to emerge from its financial crisis. With more than $300 billion racked up in debt, Evergrande has been struggling …
China Evergrande sticks to restructuring plan target of before end of July Read More »
SHANGHAI (Reuters) -Tesla cars will be prohibited from entering the Chinese coastal district of Beidaihe, site of a secretive annual summer party leadership conclave, for at least two months starting on July 1, a local traffic police official told Reuters on Monday. The decision by the Beidaihe authorities comes just weeks after Tesla cars were …
Tesla cars barred for 2 months in Beidaihe, site of China leadership meet Read More »
By Samuel Indyk LONDON (Reuters) – The euro rose on Monday as markets focused on European Central Bank tools to fight fragmentation in the currency bloc, shrugging off the risk of political gridlock in France for now after President Emmanuel Macron lost an absolute majority in a parliamentary election. Macron’s Ensemble alliance secured the most …
Euro edges higher with focus on ECB, dollar retreats Read More »
LONDON (Reuters) – Morgan Stanley sees a tactical opportunity for investors to position for a stronger Chinese yuan in the next few weeks amid signs the United States could ease tariffs on Chinese goods. Tariffs imposed by Washington and Beijing on billions of dollars worth of each other’s goods put pressure on the yuan when …
Morgan Stanley sees stronger yuan on possible U.S. trade tariff relief Read More »
DOHA (Reuters) – Korean Air Lines Co Ltd’s chief executive said on Monday that he is concerned that rising interest rates and inflation could impact consumer demand and that rising competition could lower ticket prices. The high U.S. dollar is “painful” and makes debt costs higher, he added. (Reporting by Jamie Freed; Writing by Lina …
Korean Air CEO concerned over rising interest rates, inflation and competition Read More »
