By Alun John (Reuters) – Bristling tensions and looming laws in Europe could offer clues to two questions: Can bitcoin be a safe-haven asset? And can Russia emerge as a crypto superpower? The answer to the first, for now at least, is no; while fortress gold has risen 2.3% over the past week, as Western…
Investors continue to deal with headline disruptions. Geopolitical tensions weigh on sentiment. Perhaps the bigger concern lies around monetary policy uncertainty. Rate-sensitive markets gyrate in reaction to comments from central bank officials. This was evident last Friday when St. Louis Fed President James Bullard’s hawkish comments led markets lower. But did Bullard provide any new…
WASHINGTON (Reuters) – General Motors Co said Tuesday it is extending a production halt to its Chevrolet Bolt electric vehicle until early April but plans to soon resume retail sales. The largest U.S. automaker in August widened its recall of the Bolt to more than 140,000 vehicles to replace battery modules after a series of…
MILAN (Reuters) -Italy’s Autogrill expects to post a smaller loss and higher cash flow than previously forecast for 2021, it said on Tuesday, sending shares up more than 7%. The group, which runs restaurants and bars on motorways and in airports around the world, now sees an underlying net loss of 110 million euros ($124.9…
By Olga Yagova and Dmitry Zhdannikov MOSCOW/LONDON (Reuters) -Glencore has sold out of Russneft, capping two decades of investments which saw the Swiss commodities firm trading millions of barrels of the Russian group’s oil even as it witnessed some of Russia’s top corporate and political battles. The sale, which has been years in the works…
WASHINGTON (AP) — Wholesale inflation in the United States surged again last month, rising 9.7% from a year earlier in a sign that price pressures remain high at all levels of the economy. The Labor Department said Tuesday that its producer price index — which measures inflation before it reaches consumers — jumped 1% from…
By Andrey Ostroukh and Alexander Marrow MOSCOW (Reuters) – The rouble rose more than 2% versus the dollar on Tuesday as Russia said some troops near Ukraine were returning to their bases after military exercises, easing concerns over a potential invasion that had fuelled a Russian asset sell-off last week. Following days of U.S. and…
TEGUCIGALPA, Honduras (AP) — The United States formally requested the arrest and extradition of former President Juan Orlando Hernández less than three weeks after he left office, after years of speculation about his alleged links to drug traffickers. Honduran security forces surrounded Hernández’s neighborhood Monday night and the Supreme Court of Justice scheduled an urgent…
NICOSIA, Cyprus (AP) — Cyprus is lifting COVID-19 restrictions on access for the unvaccinated to bars, restaurants and other venues following a leveling off of new coronavirus cases in recent days that has eased the pressure on the health care system. Health Minister Michalis Hadjipantela said Tuesday that unvaccinated people can enter nightclubs, soccer stadiums,…
By Devik Jain and Susan Mathew (Reuters) – Wall Street futures surged on Tuesday on signs of a de-escalation in tensions between the Russia and Ukraine, with investors also awaiting key inflation data for clues on the path of interest rate hikes by the Federal Reserve. Russia said some of its military units were returning…
