By Elizabeth Howcroft LONDON (Reuters) – Ukraine, battered by three months of war, plans to continue to tap crypto investors to help raise funds after a plunge in prices decimated the country’s fundraising efforts in May. Following the Russian invasion of Ukraine on Feb. 24, the Ukrainian government used social media to ask for cryptocurrency…
By Joyce Lee and Byungwook Kim SEONGNAM, South Korea (Reuters) – On weekdays, South Korean tech company Naver Corp’s new headquarters near Seoul resembles a scene straight out of a science-fiction movie, with some 40 robots ambling across floors and delivering parcels and Starbucks coffee to humans. The Rookies, as the robots are called, weave…
By Arathy Somasekhar and Isabel Kua SINGAPORE (Reuters) – Oil prices rose more than $1 on Wednesday, buoyed by tight supplies and the prospect of rising demand from the upcoming start of the summer driving season in the United States, the world’s biggest crude consumer. Brent crude futures for July rose $1.38, or 1.2%, to…
PARIS (Reuters) – French company TotalEnergies said it had agreed to buy 50% of Clearway Energy Group, the fifth-largest renewables company in the United States, which TotalEnergies said marked its largest U.S renewables energy acquisition. TotalEnergies added the acquisition would see it team up with Global Infrastructure Partners (GIP). As part of the deal, GIP…
By Gabriel Burin and Noe Torres BUENOS AIRES/MEXICO CITY (Reuters) – Brazilian stocks will rise less than previously expected this year as fears over October’s presidential vote tarnish the outlook for the second half and double-digit interest rates prompt a switch to deposit accounts, a Reuters poll showed. In recent weeks, Brazil’s benchmark Bovespa stock…
TOKYO (AP) — The Japanese yen has weakened, trading in recent weeks at 20-year lows of 130 yen to the U.S. dollar just when prices of oil and other goods are surging partly due to the war in Ukraine. The yen’s value against the U.S. dollar and other currencies has fallen mainly because interest rates…
By Kevin Buckland TOKYO (Reuters) – The New Zealand dollar traded an early decline for a big gain on Wednesday after a hawkish tilt from the country’s central bank, while the greenback bounced off a one-month low amid a stabilisation in Treasury yields. The kiwi reversed losses as steep as 0.53% ahead of the Reserve…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank raised interest rates by 50 basis points to 2.0% on Wednesday, its fifth rate hike in a row as it seeks to get on top of inflation and signaled the cash rate would peak at a higher level than previously forecast. All but one of…
By Samuel Indyk LONDON (Reuters) – Central bank policy tightening, fears of a recession and the economic impact of the war in Ukraine are all expected to keep a lid on any significant advance in European stocks for the remainder of 2022, a Reuters poll found. The poll of 21 fund managers, strategists and analysts,…
By Caroline Valetkevitch NEW YORK (Reuters) – Wall Street strategists expect U.S. stocks to end 2022 above current beaten-down levels but some warned of turbulence on concerns inflation and aggressive interest rate rises crimps economic growth and unnerves investors, a Reuters poll found. The benchmark S&P 500 will end this year at 4,400, based on…
