A look at the day ahead in European and global markets from Anshuman Daga Friday is shaping up as a slow day. Well, sort of. Equity markets are still licking their wounds, U.S. bond yields are at 11-year highs and the dollar is hovering near a two-decade peak. [MKTS/GLOB] Still, investors have probably had enough…
DHAKA, Bangladesh (AP) — Standing in line to try to buy food, Rekha Begum is distraught. Like many others in Bangladesh, she is struggling to find affordable daily essentials like rice, lentils and onions. “I went to two other places, but they told me they don’t have supplies. Then I came here and stood at…
SHANGHAI (Reuters) – Five Chinese tech-focused ETFs launched on Friday, testing investor appetite for chipmakers, new materials producers and machine tool manufacturers amid an escalating Sino-U.S. tech war, and a global rout in tech shares. The new batch of exchange-traded funds (ETFs) were given regulatory approval at record pace over the weekend, in an apparent…
By Rae Wee SINGAPORE (Reuters) – The yen was on track for its first weekly gain in more than a month on Friday after Japanese authorities intervened in foreign exchange markets for the first time since 1998, while a towering dollar kept other currencies pinned near multi-year lows. The yen was up about 0.1% to…
By Laila Kearney (Reuters) – Oil prices rose in early Asian trade on Friday on the prospect that a stalled Iran nuclear agreement and Moscow’s new mobilization campaign in its invasion of Ukraine would further restrict global supplies. Brent crude futures gained 16 cents, or 0.2%, to $90.62 per barrel by 0020 GMT, while U.S….
By Andrea Shalal and Cassandra Garrison WASHINGTON (Reuters) -The Inter-American Development Bank’s board of directors voted unanimously on Thursday to recommend firing President Mauricio Claver-Carone after an independent ethics investigation found misconduct, three sources familiar with the vote said. The recommendation throws the final decision regarding Latin America’s largest development bank to its senior-most body,…
By Andrea Shalal WASHINGTON (Reuters) – The Inter-American Development Bank’s (IDB) board of directors voted unanimously on Thursday to recommend the removal of President Mauricio Claver-Carone following an independent ethics investigation, two sources familiar with the vote said. The IDB’s seniormost governing board will make a final decision within the next week on the removal…
By Jane Lanhee Lee and Akash Sriram (Reuters) -U.S. chip designer Qualcomm Inc on Thursday said its automotive business “pipeline” increased to $30 billion, up more than $10 billion since its third quarter results were announced in late July. The jump in future business was thanks to its Snapdragon Digital Chassis product used by car…
Actions by Facebook and its parent Meta during last year’s Gaza war violated the rights of Palestinian users to freedom of expression, freedom of assembly, political participation and non-discrimination, a report commissioned by the social media company has found. The report Thursday from independent consulting firm Business for Social Responsibility confirmed long-standing criticisms of Meta’s…
(Updates Trenchev’s estimate for unsecured lending) By Elizabeth Howcroft and Hannah Lang LONDON/WASHINGTON (Reuters) -On May 11, Scott Odell, an analyst at British crypto lender Blockchain.com, instant messaged Edward Zhao of Three Arrows Capital asking that the Singapore hedge fund repay at least part of a $270 million loan. Three Arrows had just taken a…
