(Reuters) – Bitcoin dropped 9.95% to $48,397.56 at 18:02 GMT on Saturday, losing $5,346.13 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 29.9% from the year’s high of $69,000 on Nov. 10. Ether, the coin linked to the ethereum blockchain network, dropped 4.67 % to $4,025.67 on Saturday, losing $197.13 …
By Andrea Shalal WASHINGTON (Reuters) – Global economic growth projections from the International Monetary Fund will likely be downgraded due to the emergence of the Omicron variant of the coronavirus, IMF Managing Director Kristalina Georgieva said on Friday. “A new variant that may spread very rapidly can dent confidence, and in that sense, we are …
Omicron variant likely to usher growth downgrades – IMF’s Georgieva Read More »
HANOI (Reuters) -Vingroup JSC, Vietnam’s largest conglomerate, said on Saturday it is planning to list its car unit on the U.S. stock market in the second half of next year, in an offering expected to raise at least $3 billion. Just last month, an official said the listing may happen within the next couple of …
Vingroup plans U.S. IPO for automaking arm in late 2022 Read More »
TAIPEI (Reuters) – Taiwan and the United States have mutually beneficial trade relations especially in technology, and the two have “smooth” communication channels and will keep talking to each other on currency issues, Taiwan’s central bank said on Saturday. Taiwan, along with Vietnam, again exceeded the U.S. Treasury’s thresholds for possible currency manipulation and enhanced …
Taiwan says is important partner, will keep talking to U.S. on currency Read More »
By David Shepardson WASHINGTON (Reuters) – U.S. airlines will take part in a Senate oversight hearing this month on the industry, an aviation trade group said on Friday, with lawmakers expected to quiz executives about how carriers used pandemic-related federal aid, staffing issues and other matters. The Senate Commerce Committee has invited the chief executives …
U.S. airlines to participate in Senate oversight hearing Read More »
By Andrea Shalal WASHINGTON (Reuters) – Private and sovereign creditors should accelerate work on debt restructuring efforts for countries like Chad, Zambia and Ethiopia or risk discouraging countries that need help from participating, International Monetary Fund chief Kristalina Georgieva told the Reuters Next conference on Friday. “Get it done,” she said, calling for more timely …
IMF chief Georgieva tells creditors on debt restructuring: ‘Get it done’ Read More »
By Saikat Chatterjee LONDON (Reuters) -Narrowing equity market breadth, rising volatility and the prospects of rate hikes are the classic signs of a market top, BofA said in a weekly report on Thursday. Just five of the biggest U.S. technology stocks accounted for 71% of the nearly 20% gains in U.S stocks, BoFA analysts noted …
Narrowing equity market breadth may signal a “market top” -BofA Read More »
By Devik Jain and Sinéad Carew (Reuters) – Wall Street’s major indexes closed lower on Friday, with the Nasdaq leading the declines as investors bet that a strong jobs report would not slow the Federal Reserve’s withdrawal of support all while they grappled with uncertainty around the Omicron coronavirus variant. After opening higher, Wall Street …
Wall St ends lower on Omicron worries, Fed taper angst Read More »
(Reuters) – Bitcoin plunged 5.5% to $53,435.9 at 22:04 GMT on Friday, losing $3,112.06 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 22.6% from the year’s high of $69,000 on Nov. 10. Ether, the coin linked to the ethereum blockchain network, dropped 6.81% to $4,208.68 on Friday, losing $307.35 from …
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Speculators’ net long positioning on the U.S. dollar in the latest week soared to its highest level since mid-June 2019, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $23.99 billion for the …
U.S. dollar net longs jump to highest since mid-June 2019 – CFTC, Reuters data Read More »
