Cryptoverse: Blockchain bridges fall into troubled waters

Cryptoverse: Blockchain bridges fall into troubled waters

Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned. When thieves stole an estimated $190 million from US crypto firm Nomad last … Read more

Sterling falls as BoE expects recession, US futures up

Sterling falls as BoE expects recession, US futures up

Bank of England hikes rates by 50 basis points BoE expects recession throughout 2023 Fed official: 50bp hike in September “reasonable” Oil stabilizes after hitting a six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and … Read more

Inflation begins to strain the finances of young, low-income Americans

Inflation begins to strain the finances of young, low-income Americans

A shopper wearing a face mask is pictured at a Dollar Tree store in Pasadena, California, US, June 11, 2020. REUTERS/Mario Anzuoni Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 1 (Reuters) – As high inflation forces Americans to spend more on gas and bills, young and low-income consumers are starting … Read more

HSBC hangs up on Ping An break-up call, lifts payout and profit goal

HSBC hangs up on Ping An break-up call, lifts payout and profit goal

HSBC to revert to paying quarterly dividends from 2023 Aims to win over investors with higher profitability targets Says demerger of Asian business has huge risks London shares rise 6% LONDON/SINGAPORE, Aug 1 (Reuters) – HSBC (HSBA.L) pushed back on a proposal by top shareholder Ping An Insurance Group Co of China (601318.SS) to split … Read more

Wall St Week Ahead: After steep decline, US small caps tempt investors with cheap valuations

Wall St Week Ahead: After steep decline, US small caps tempt investors with cheap valuations

The floor of the New York Stock Exchange (NYSE) is seen after the close of trading in New York, US, March 18, 2020. REUTERS/Lucas Jackson Register now for FREE unlimited access to Reuters.com Register NEW YORK, July 29 (Reuters) – Shares of smaller US companies are outpacing a rally in the broader equity market as … Read more

China plans real estate fund worth up to $44 billion for distressed sector, source says

China plans real estate fund worth up to  billion for distressed sector, source says

The Evergrande Center of China Evergrande Group is seen amid other buildings in Shanghai, China, September 24, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register Fund size initially to be set at 80 billion yuan – source News comes as regulators scramble to reassure investors Fund alone will not ‘solve all … Read more

Germany hands $15 billion bailout to Uniper after Russian gas hit

Germany hands  billion bailout to Uniper after Russian gas hit

Government to take 30% stake in Uniper Uniper risked collapse due to dwindling supplies, high prices Uniper can pass on higher gas costs to consumers Uniper shares plunge to record low Scholz promises help to households to offset rising energy bills FRANKFURT/HELSINKI/BERLIN, July 22 (Reuters) – The German government stepped in to rescue Uniper (UN01.DE) … Read more

ECB weighs bigger rate hike with safety net for indebted countries

ECB weighs bigger rate hike with safety net for indebted countries

ECB to up rates by 25 or 50 bps in 1st hike since 2011 New bond-buying tool subject to Commission’s rules FRANKFURT, July 19 (Reuters) – European Central Bank policymakers are considering raising interest rates by a bigger-than-expected 50 basis points at their meeting on Thursday to tame record-high inflation, two sources with direct knowledge … Read more

The hike is (almost) here! Now for what comes next: Five questions for the ECB

The hike is (almost) here!  Now for what comes next: Five questions for the ECB

The headquarters of European Central Bank (ECB) is photographed n Frankfurt, Germany, January 14, 2021. REUTERS / Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register LONDON, July 18 (Reuters) – The European Central Bank is set to deliver its first interest-rate hike since 2011 this week, yet markets are already fast-forwarding to … Read more

China vows timely home deliveries in wake of property protests

China vows timely home deliveries in wake of property protests

HONG KONG, July 14 (Reuters) – Chinese regulators on Thursday vowed to help local governments deliver property projects on time after homebuyers threatened to stop mortgage payments on unfinished apartments, in the first sign Beijing was stepping in to end the market chaos. The homebuyers’ threats have deepened investor concerns about the property sector, which … Read more