TerraUSD backer says will compensate some users; bitcoin back below $30,000

Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register ECB officials warn of risks from cryptocurrencies Luna Foundation Guard says spent bulk of assets last week trying to prop up TerraUSD LFG … Read more

China’s economy skids as shutdowns hit factories and retailers

April industrial production unexpectedly falls year-on-year April retail sales fall faster than expected National unemployment rate at highest since February 2020 Fixed asset investment growth slower than f’cast BEIJING, May 16 (Reuters) – Retail and factory activity in China fell sharply in April as sweeping COVID-19 lockdown measures confined workers and consumers to their homes … Read more

Dollar hovers near 2-decade high as CPI keeps aggressive US rate hikes likely

A man counts US dollar banknotes at an exchange shop in Beirut, Lebanon March 18, 2022. REUTERS/Mohamed Azakir/Files Register now for FREE unlimited access to Reuters.com Register TOKYO, May 12 (Reuters) – The US dollar held near a two-decade high on Wednesday after US inflation moderated less than markets had expected, keeping the Federal Reserve … Read more

LIC’s $2.7 billion IPO in India was subscribed 67% on day one

Investors bid for 108.7 million shares vs. 162.1 million offered Insured, IPO Employee Portions Oversubscribed Stock market falls as RBI hikes rates MUMBAI, May 4 (Reuters) – The $2.7 billion IPO of Life Insurance Corp (LIC), India’s largest public issue, was 67% subscribed on the first day of the call. offers, even as a surprise … Read more

US and European stocks rise amid mixed earnings; The euro at its lowest since 2017

FILE PHOTO – A stockbroker works at the Frankfurt Stock Exchange as markets react to the coronavirus disease (COVID-19), at the Frankfurt Stock Exchange, Germany March 27, 2020. REUTERS/Kai Pfaffenbach Join now for FREE unlimited access to Reuters.com Register WASHINGTON/LONDON, April 27 (Reuters) – Major U.S. and European stock indexes rose in choppy trading on … Read more

Nasdaq ends sharply higher after Twitter agrees to takeover by Musk

Wall Street fear gauge at highest since mid-March Twitter surges after Elon Musk takeover deal Beijing threatened with lockdown, cyclicals lead declines Indices: Dow +0.70%, S&P 500 +0.57%, Nasdaq +1.29% April 25 (Reuters) – Wall Street rose on Monday, with the Nasdaq ending sharply higher after Twitter agreed to be taken over by billionaire Elon … Read more

EXCLUSIVE ECB policymakers want a quick end to bond buying and an early rate hike – sources

The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany December 8, 2016. REUTERS/Ralph Orlowski/File Photo Join now for FREE unlimited access to Reuters.com Register WASHINGTON, April 24 (Reuters) – European Central Bank policymakers want to end their bond-buying program as soon as possible and raise interest rates as … Read more

Stocks slide on fears of Beijing lockdown, dollar shines as rate hikes loom

FIE PHOTO: A man wearing a protective mask is seen inside the Shanghai Stock Exchange building in the Pudong financial district in Shanghai, China February 28, 2020. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register Chinese stocks and yuan fall as lockdowns spread Aussie dollar slides 1% as greenback rises Macron victory … Read more

Wall Street sinks, bond yields rise as Powell suggests aggressive Fed policy

The New York Stock Exchange (NYSE) in New York, New York, U.S., February 24, 2022. REUTERS/Caitlin Ochs Join now for FREE unlimited access to Reuters.com Register US stocks turn negative after earlier gains Fed Chairman Powell suggests aggressive hikes Bond yields rise on bets on rising rates Oil rises but remains well below March highs … Read more

Nasdaq drops as Netflix subscriber numbers weigh on tech

Procter & Gamble wants to raise its sales forecast for the year IBM wins on optimistic forecast, first quarter results are better Netflix plummets after losing subscribers in first quarter Indices: Dow up 0.71%, S&P down 0.06%, Nasdaq down 1.22% April 20 (Reuters) – The tech-heavy Nasdaq tumbled on Wednesday as Netflix’s surprise subscriber slump … Read more