By Alun John HONG KONG (Reuters) – The cryptocurrency industry was on edge on Monday morning as investors feared contagion from problems at major crypto players could unleash a major shakeout if not contained. Bitcoin which has lost 57% so far this year and 37% this month, fell below $20,000 over the weekend for the…
By Florence Tan SINGAPORE (Reuters) -Oil prices edged down on Monday, reversing earlier gains, as concerns about slowing global economic growth and fuel demand offset worries about tightening supplies. Brent crude futures slipped 8 cents, or 0.1%, to $113.04 a barrel by 0242 GMT, after rising as much as 1% earlier. Front-month prices tumbled 7.3%…
By Kevin Buckland TOKYO (Reuters) – The Japanese yen remained under pressure on Monday, weakening toward a 24-year low after the Bank of Japan on Friday bucked the trend in a week of massive central bank tightening to renew its commitment to ultra-easy policy. The euro was steady despite French President Emmanuel Macron losing an…
By Florence Tan SINGAPORE (Reuters) – Oil prices wobbled early on Monday as investors refocused on tight supplies, though sentiment was still fragile after 6% slump in the previous session amid concerns about slowing global economic growth and fuel demand. Brent crude futures gained 20 cents, or 0.2%, to $113.32 a barrel by 0105 GMT,…
By Wayne Cole SYDNEY (Reuters) – Asian shares were trying to sustain a rare rally on Monday as Wall Street futures made early gains, perhaps hoping a U.S. holiday would provide a break from recent selling, though worries about global recession were never far away. The euro softened slightly after French President Emmanuel Macron lost…
LONDON (Reuters) – Britain’s main manufacturing lobby, Make UK, told the government to stop “short-term gimmicks” and cut taxes for the sector, as its members reported a significant slowdown in orders and a nose-dive in investment. Make UK said it expected factory output to grow 2.3% this year – down from a forecast of 3%…
By Tina Bellon (Reuters) – Bitcoin on Sunday rose around 7.6% to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday. Bitcoin, the world’s biggest and best-known cryptocurrency, is now up 16.7% from this year’s low of $17,592.78 on June 18, when it tumbled on investor worries about growing troubles…
By Huw Jones LONDON (Reuters) – Britain’s company directors should sign up to a code of conduct to improve behaviour in boardrooms after high-profile corporate collapses, such as builder Carillion and retailer BHS, an industry body proposed on Sunday. The Institute of Directors, which has about 20,000 members, proposed a voluntary nine-point code covering ethics,…
By Toby Sterling, Caroline Pailliez and Tim Hepher AMSTERDAM/PARIS/DOHA (Reuters) – After 21 years as a service agent at Air France, Karim Djeffal left his job during the COVID-19 pandemic to start his own job-coaching consultancy. “If this doesn’t work out, I won’t be going back to the aviation sector,” says the 41-year-old bluntly. “Some…
OAKLAND, California (AP) — The price of a bitcoin inched above $20,000 on Sunday after the broader crypto selloff dragged it below the significant psychological threshold a day earlier. The price of the world’s most popular cryptocurrency was $20,129.70 as of Sunday afternoon. On Saturday, bitcoin had plunged as much as 9.7% to less than…
