Chinese Tech Giants Vow To Stop NFT Secondary Trading.
Chinese tech giants including Tencent Holdings (0700.HK) and Ant Group have signed a pact to stop the secondary trading of…
Category: World
Swiss National Bank Spent $6 Bln On Q1 FX Interventions
The Swiss National Bank spent 5.74 billion Swiss francs ($6.01 billion) on foreign currencies during the first quarter of 2022;…
N.Korea May Be Behind New $100 Mln Cryptocurrency Hack, Experts Say.
North Korean hackers are most likely behind an attack last week that stole as much as $100 million in cryptocurrency…
Mortgage Refinance Demand Plunges 60 Percent, As Rates Hit Their Highest Level Since 2018
Mortgage rates took another jump higher last week, taking their toll on current borrowers who might have wanted to refinance.…
Third Time Lucky For Italy’s De Nora Family As Shares Hit Market
Italy’s De Nora family is relieved that the electrode manufacturer made it onto the Milan Stock Exchange. After previous attempts…
Asian Shares Suffer Painful Quarter, Dollar In Rude Health
Asian shares were ending a rough quarter in a sombre mood. Amid fears central banks’ cure for inflation will end…
Over 20% Of Toshiba Investors Against Activist Fund Execs, Dissident Director.
More than 20% of Toshiba Corp (6502.T) shareholders voted against a dissident external director and two board directors from activist…
Russia’s Economy In May Fell 4.3% Year On Year.
Russia’s economy shrank by 4.3% in May year on year after falling by a revised 2.8% in April; the economy…
French Inflation In June Hit Record High Of 6.5% – Preliminary Figures.
French inflation climbed further from the previous month to a record high of 6.5%, according to official preliminary figures; adding…
GSMA Says Google, Facebook, Others Are Squeezing Telcos’ Revenue
The global body of mobile network operators, GSM Association (GSMA), has said that online service providers such as Google, Facebook…
Asian Stocks Lose Bounce From Shorter China quarantine, Slip On Inflation Fears
Stocks fell across Asia on Wednesday morning, extending overnight losses on Wall Street amid concerns over recession, inflation and high…
Elon Musk Hits Over 100 Million Followers On Twitter
Elon Musk just passed the 100 million follower mark on Twitter. This made him the sixth user on the platform…
U.S. FTC Sues Walmart For Allegedly Allowing Money Transfer Services For Fraud
The U.S. Federal Trade Commission it sued Walmart Inc (WMT.N), alleging the company had done too little to prevent scam…
Rouble Firms Past 52 Against Dollar For First Time Since May 2015
The rouble rallied past 52 against the dollar to a more than a seven-year high on Tuesday as capital controls.…
Dollar Falters As U.S. Yields Retreat Amid Recession Risks
The dollar slipped against most major peers as a decline in U.S. yields took some of the sheens off the…
S.Korea’s LGES Reviews $1.3 Bln Arizona Battery Investment As U.S. Inflation Bites
South Korean battery maker LG Energy Solution Ltd (LGES), a major supplier to U.S. carmakers, including Tesla (TSLA.O). They are…
Aeromexico Shareholders Back Mexico Stock Exchange Exit In Bankruptcy Restructuring
Aeromexico said on Tuesday that a majority of its shareholders approved a proposal to exit the main Mexican stock exchange.…
Tesla Closes An Office As Layoff Hits Autopilot Jobs, Including Hourly Ones
Tesla (TSLA.O) has shuttered its office in San Mateo, California, and laid off roughly 200 employees. Especially those working on…
S.Korea Export Growth Seen Rebounding In May; Inflation Tops 5%
South Korean export growth is expected to have rebounded in May, but the trade balance likely remained in red, while…
Teetering On Default, Russia Misses $1.9 Mln Payment, Committee Determines.
Russia’s failure to pay $1.9million in accrued interest on a dollar bond will trigger payouts potentially worth billions of dollars.…
Britons Seek Cheaper Grocery Options As Inflation Bites – NielsenIQ
Britons are shifting to cheaper food alternatives in their supermarket shopping as they try to navigate a worsening cost of…
In Historic Shift, Toshiba Board Gains Two Directors From Activist Hedge Funds.
Toshiba Corp (6502.T) shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on…
Nissan Shareholders Reject Proposal To Designate Renault As Parent.
Japan’s Nissan Motor Co Ltd (7201.T) on Tuesday rejected a shareholder proposal at its annual general meeting (AGM) that would…
Stocks Swing Higher As China Eases Quarantine Rules.
Asian shares swung into positive territory in afternoon trade, propelled by China’s decision to ease some quarantine requirements for international…
China Vows Timely Policy Measures To Cope With Economic Risks.
China will roll out tools in its policy reserve in a timely way to cope with more economic challenges; as…
Ericsson’s $6.2 Bln Vonage Takeover Delayed Over U.S. Review
Ericsson (ERICb.ST) said the closing of its $6.2 billion Vonage acquisition was delayed to the end of July. From the…
Elevator Maker Kone Divests Russia Business.
Finnish elevator maker Kone (KNEBV.HE) said it will sell its business in Russia to local management for an undisclosed amount.…
Column: Hedge Funds Turn Tail As Commodities Crumble On Recession Rumble: McGeever
Buy and hold, maximum long. That has basically been the strategy for commodity hedge funds for the last couple of…
Boost For Luxury London Property Prices As Russians Locked In.
The war in Ukraine is making it hard for even unsanctioned Russians to sell exclusive residential property in Britain. Adding…
Saudi, OPEC May Make Up Or Russian Oil Output Loss As Biden visit looms
Saudi Arabia and other OPEC states may boost oil production to offset a drop in Russian output. A move that…