Bitcoin’s 2021 earnings wiped out in stablecoin route

Bitcoin's 2021 earnings wiped out in stablecoin route

HONG KONG, May 12 (Reuters) – Cryptocurrencies extended their sell-off on Thursday, with Bitcoin falling to its lowest levels in 16 months as a stampede out of so-called stablecoins sent shockwaves around broader markets. The latest blow to Bitcoin and its smaller rival Ether , which has shed more than half its market value so … Read more

Shares drop, yields shoot up after US inflation data

Shares drop, yields shoot up after US inflation data

MILAN, May 11 (Reuters) – World shares turned lower on Wednesday and bond yields shot up after US data showed inflation there slowed down less than expected last month, cementing expectations of aggressive rate hikes by the Federal Reserve. US futures turned negative after data showed US annual consumer price growth slowed to 8.3% in … Read more

First all-private astronaut team aboard space station undocks for flight home

First all-private astronaut team aboard space station undocks for flight home

April 24 (Reuters) – The first all-private astronaut team ever to fly aboard the International Space Station (ISS) departed the orbiting outpost on Sunday to begin a descent back to Earth, capping a two-week science mission hailed as a milestone in commercial spaceflight. A SpaceX Crew Dragon capsule carrying the four-man team from the Houston-based … Read more

Russia’s Gazprom exits German business amid crisis in energy ties

Russia's Gazprom exits German business amid crisis in energy ties

Model of petrol pump is seen in front of Gazprom logo in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, April 1 (Reuters) – Russia’s Gazprom (GAZP.MM) said on Friday it was quitting its business in Germany at a moment of crisis in the vital … Read more

World stocks dip on war, recession worries, oil falls $2 on reserve release

World stocks dip on war, recession worries, oil falls $2 on reserve release

MSCI world index down 0.17% US S&P futures down 0.29% Oil heading for 14% fall this week LONDON/SINGAPORE, April 1 (Reuters) – World stocks dipped further from recent six-week highs on Friday on worries about the Russia-Ukraine war and recession risks, and oil fell $2 a barrel on reserve releases. European buyers of Russian gas … Read more

European stocks set for biggest quarterly drop since 2020

European stocks set for biggest quarterly drop since 2020

LONDON, March 31 (Reuters) – European stocks edged lower on Thursday and were set for their biggest quarterly drop since the start of 2020, while oil prices fell and eastern Ukraine braced for fresh attacks. The MSCI World Equity index was down 0.3% on the day (.MIWD00000PUS), while Europe’s STOXX 600 eased 0.2% to sit … Read more

Biden administration weighs largest ever draw from emergency oil reserve- sources

Biden administration weighs largest ever draw from emergency oil reserve- sources

A US postal worker puts his seatbelt on after filing up his vehicle at a gas station in Garden Grove, California, US, March 29, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register WASHINGTON, March 30 (Reuters) – The Biden administration is considering releasing up to 180 million barrels of oil over … Read more

Stocks rally pauses, bond markets ponder risks for US economy

Stocks rally pauses, bond markets ponder risks for US economy

Euro STOXX 600 drops 0.6% US bond market signals economic pain ahead Treasury 10-year yields lower Ukraine-Russia negotiations earlier buoyed stocks wall street down LONDON/NEW YORK, March 30 (Reuters) – The US and European equities rally paused on Wednesday as investors took stock of economic and geopolitical risks, while oil prices jumped back around $4 … Read more

Vietnam’s Vinfast to build $2 bln electric vehicle factory in US

Vietnam's Vinfast to build $2 bln electric vehicle factory in US

The VinFast logo is displayed on a VF5 electric SUV during CES 2022 at the Las Vegas Convention Center in Las Vegas, Nevada, US January 5, 2022. REUTERS/Steve Marcus Register now for FREE unlimited access to Reuters.com Register HANOI/SAN FRANCISCO, March 29 (Reuters) – Vietnam’s automaker VinFast said on Tuesday it has signed a preliminary … Read more

Inversion of key US yield curve slice is a recession alarm

Inversion of key US yield curve slice is a recession alarm

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, January 10, 2022. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, March 29 (Reuters) – A closely monitored section of the US Treasury yield curve inverted on Tuesday for the first time … Read more