By Rashika Singh (Reuters) -Citigroup has set a year-end price target of $4,300 for ether, the world’s second-largest cryptocurrency, citing investor demand and growing interest in ethereum-based use cases such as stablecoins and tokenization. The Wall-Street brokerage’s target is still below ether’s record high of $4,955.14, which it hit last month. Citi said ether’s recent …
Citi forecasts ether’s year-end target at $4,300 Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets An “everything rally” in markets greets the start of a two-day Federal Reserve meeting, with stocks at record highs, bond yields subsiding and a two-month low dollar taking the heat ahead of what is …
HONG KONG (Reuters) -China Evergrande Group’s liquidators have been appointed to identify and preserve the assets of founder Hui Ka Yan, the Hong Kong High Court said in a ruling on Tuesday. Hui, once one of China’s richest people, has not been seen in public since he was detained by Chinese authorities in 2023 and …
China Evergrande liquidators appointed as receivers over founder’s assets Read More »
By Suzanne McGee and Davide Barbuscia (Reuters) -Wall Street is bracing for another bumpy ride ahead of a forthcoming Supreme Court decision on the constitutionality of tariffs that could throw Corporate America into turmoil and raise questions over the country’s fiscal health. The plunge in asset prices in early April in the wake of U.S. …
Analysis-Wall Street, Corporate America brace for more tariff turmoil Read More »
By Gertrude Chavez-Dreyfuss and Laura Matthews NEW YORK (Reuters) -Bond investors are buying longer-term maturities up to 10-year debt and ramping up bets on a steeper yield curve, anticipating that the Federal Reserve will cut interest rates this week after a nine-month pause. The U.S. central bank’s policy-setting Federal Open Market Committee is widely expected …
Fed rate-cut optimism has bond investors focusing on duration, steeper yield curve Read More »
WASHINGTON (Reuters) -The Labor Department’s Bureau of Labor Statistics, under fire for recent sharp downward revisions to U.S. nonfarm payrolls and reductions to inflation data collection, is hiring about 25 part-time assistant economists, job postings showed. The positions advertised on USAjobs.gov, scattered across the country, are in the BLS’s Division of Price Programs, namely the …
US Labor Department statistical agency hiring part-time economists for the CPI report Read More »
By Andre Romani SAO PAULO (Reuters) -Databricks has acquired a minority stake in data and artificial intelligence consultancy Indicium, the companies said on Tuesday, marking the San Francisco-based firm’s first investment in a startup founded in Latin America. The investment was made through Databricks Ventures, the company’s venture arm. Financial terms were not disclosed. Databricks, …
Databricks takes stake in Indicium, marking first investment in Latin American startup Read More »
By Naveen Thukral JAKARTA (Reuters) – Feed millers in Vietnam are taking advantage of bargain prices with rare purchases of Canadian canola meal after China, its traditional buyer, curbed imports by imposing hefty anti-dumping duties earlier this year, three traders said on Tuesday. Vietnamese millers have been importing around 30,000 metric tons a month of …
By Scott Murdoch and Christine Chen SYDNEY (Reuters) -ANZ Group investors are willing to back new CEO Nuno Matos’ strategy to resuscitate the Australian bank’s flagging fortunes, but they are gearing up for near-term hits, including a possible dividend cut. Over the last week, Australia’s fourth-largest lender said it would cut 3,500 staff at a …
ANZ investors brace for short-term pain as new CEO Nuno Matos clears the decks Read More »
SYDNEY (Reuters) -Australian pension funds will have to expand the use of foreign exchange hedging as the sector is likely to grow in size to become the second-largest globally with a larger share of investments going abroad, a top central banker said on Tuesday. In prepared remarks to the board of CLS Bank International in …
