(Reuters) -Bitcoin hit its highest in two weeks on Saturday, extending the previous session’s strong gains as cryptocurrencies basked in a recovery in risk appetite and a rally in stock markets. The world’s largest cryptocurrency hit $41,983, taking gains from Thursday’s lows to nearly 16%, and marking a 27% rise from the year’s low of …
By Noel Randewich (Reuters) -A day after Facebook owner Meta Platforms suffered the deepest loss of stock market value in history for a U.S. company, Amazon logged the greatest ever one-day increase in value. Shares of the online retail and cloud computing giant surged 13.5% on Friday following its blowout quarterly report, expanding its market …
Amazon surges with record $190 billion gain in value Read More »
By Stephanie Kelly and Marcy de Luna NEW YORK (Reuters) -Oil prices surged to seven-year highs on Friday, extending their rally into a seventh week on ongoing worries about supply disruptions fueled by frigid U.S. weather and ongoing political turmoil among major world producers. Brent crude rose $2.16, or 2.4%, to settle at $93.27 a …
Oil hits seven-year highs as rally extends to a 7th week Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar advanced from two-week lows on Friday after data showed the world’s largest economy created far more jobs than expected, raising the chances of a larger Federal Reserve interest rate increase at the March policy meeting. The dollar index, a gauge of its value against six …
Dollar rises from two-week low after U.S. jobs surprise Read More »
(Reuters) – Apple Inc is targeting a date on or near March 8 to unveil a low-cost 5G iPhone and an updated iPad, Bloomberg News reported on Friday, citing people with knowledge of the matter. According to the report, the new iPhone will be the first update to the iPhone SE model in two years …
Apple plans to debut low cost 5G iPhone in March – Bloomberg News Read More »
BUENOS AIRES (Reuters) – Chinese mining firm Zijin Mining Group Co Ltd will invest $380 million to construct a lithium carbonate plant in Argentina via local subsidiary Liex, the country’s Ministry of Production said on Friday. The plant will be located in the Tres Quebradas project, in the northern province of Catamarca, and will aim …
China’s Zijin Mining to invest $380 million in Argentina lithium plant Read More »
MUMBAI (Reuters) – India’s One 97 Communications Ltd, the parent of fintech firm Paytm, reported 45% rise in quarterly net loss on Friday even as revenue rose. In its second earnings since it went public last year, Paytm posted a consolidated net loss of 7.79 billion rupees ($104.42 million) for the quarter ended December, compared …
India’s Paytm Dec net loss widens even as revenue jumps Read More »
By Hannah Lang (Reuters) – A leading Senate Republican is urging the Biden administration to closely monitor the use of China’s recently launched digital currency during the Beijing Winter Olympics, where the country is expected to showcase the project to foreign visitors. In a letter sent Thursday to Treasury Secretary Janet Yellen and Secretary of …
Republican senator urges U.S. to monitor China’s digital yuan push during Olympics Read More »
By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp is considering splitting in half instead of three and offloading its air conditioning business, the Japanese industrial conglomerate said on Friday, in an attempt to overcome shareholder opposition to its turnaround plan. The changes would mark the latest twist in Toshiba’s drawn out battle with foreign shareholders, many …
Toshiba says considering two-way split, sale of air conditioner business Read More »
MOSCOW (Reuters) – Russia’s largest oil producer Rosneft said on Friday its new oil deal with China, which envisages supplies of 100 million tonnes of crude to China’s CNPC through Kazakhstan over 10 years, was worth $80 billion. President Vladimir Putin unveiled a new Russian energy deals with China at a meeting with President Xi …
Rosneft’s new oil deal with Сhina worth $80 billion Read More »
