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By Tom Wilson, Elizabeth Howcroft and Hannah Lang LONDON/WASHINGTON (Reuters) -Bitcoin rose suddenly on Monday, before giving up nearly all its gains, after asset manager BlackRock denied a crypto media report that U.S. regulators had approved its high-profile application for a crypto investment product. Bitcoin, known for its volatility, was last trading up 3.82% at …

Bitcoin gives up gains after BlackRock denies ETF approval report Read More »

LONDON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Monday it was too early to speculate on the economic consequences of the Israeli-Palestinian conflict, and that the impact would depend on whether the conflict spread to the wider region. “We’re looking at the potential economic implications of the hostilities … It’s too early to …

Yellen: Too early to speculate on economic consequences from Israel conflict Read More »

By Yoruk Bahceli, Dhara Ranasinghe and Maria Martinez LONDON (Reuters) – Record debts, high interest rates, the costs of climate change, health and pension spending as populations age and fractious politics are stoking fears of a financial market crisis in big developed economies. A surge in government borrowing costs has put high debt in the …

As global debt worries mount, is another crisis brewing? Read More »

PARIS (Reuters) -Indebted French supermarket chain Casino said on Monday it had agreed an initial deal to sell its stake in Latin American retailer Almacenes Exito to Grupo Calleja. Casino’s board on Friday approved a pre-agreement to sell its entire stake in Almacenes Exito to Grupo Calleja, a leading grocery retailer in El Salvador, it …

French retailer Casino agrees initial deal to sell stake in Exito Group Read More »

By Philip Blenkinsop BRUSSELS (Reuters) – The European Union will seek this week to ward off the return of Trump-era metals tariffs and to lessen the negative impact on the U.S. Inflation Reduction Act (IRA) and its subsidies for electric vehicles. U.S. President Joe Biden will host European Commission chief Ursula von der Leyen and …

EU seeks to ease US tariff, green subsidy threats Read More »

SHANGHAI (Reuters) -China’s central bank ramped up liquidity support to the banking system as it rolled over medium-term policy loans on Monday, but kept the interest rate unchanged amid concerns about the risk of more sharp yuan declines. The People’s Bank of China (PBOC) is walking a tightrope between keeping liquidity ample to aid a …

China ramps up liquidity support to banking system Read More »