By Marc Jones LONDON (Reuters) – A total of 130 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half in advanced development, pilot or launch stages, a closely-followed study shows. The research by the U.S.-based Atlantic Council think tank published on Wednesday said significant progress over…
By Marc Jones LONDON (Reuters) – A total of 130 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half in advanced development, pilot or launch stages, a closely-followed study shows. The research by the U.S.-based Atlantic Council think tank published on Wednesday said significant progress over…
By Sinéad Carew, Sruthi Shankar and Johann M Cherian (Reuters) – The Nasdaq managed a small gain on Wednesday with support from megacap stocks while the S&P 500 and the Dow closed lower after U.S. Federal Reserve Chair Jerome Powell signaled more rate hikes and said he did not see inflation falling to the central…
By Ernest Scheyder (Reuters) – Exxon Mobil has agreed to develop more than 6,100 lithium-rich acres in Arkansas with Tetra Technologies Inc, the second move this year by the oil giant for control of assets needed to produce the electric vehicle battery metal. Exxon’s rapid expansion into the lithium sector comes amid growing interest by…
(Reuters) -U.S. Treasury Secretary Janet Yellen said she hopes to travel to China to reestablish contact with Beijing, acknowledging there were disagreements between the two countries, MSNBC on Wednesday reported her saying during an interview. The are heightened tensions and pessimism in the U.S.-China relationship over national security issues, including Taiwan, Russia’s war in Ukraine,…
By Pete Schroeder WASHINGTON (Reuters) -Big U.S. banks sailed through the Federal Reserve’s annual health check on Wednesday, in a vote of confidence for a sector still recovering from turmoil earlier this year and facing an uncertain economic outlook. The Fed’s “stress test” exercise showed lenders, including JPMorgan Chase, Bank of America, Citigroup, Wells Fargo,…
LONDON (Reuters) – Soaring inflation has hit the finances of the British royals, pushing up expenditure, Buckingham Palace said on Thursday, as it revealed King Charles had ordered the heating in royal homes to be turned down to cut emissions. The annual Sovereign Grant report, which details the royals’ taxpayer-funded spending and income, detailed that…
By Casey Hall SHANGHAI (Reuters) – When tech giant Apple joined China’s livestreaming frenzy, a major driving force of the e-commerce boom in the world’s second biggest economy, it launched without deep discounts or a celebrity host to pull millions of viewers. Yet Apple’s show, hosted by product experts offering tips on making movies with…
By Dietrich Knauth NEW YORK (Reuters) – U.S. electric truck manufacturer Lordstown Motors began its bankruptcy case embroiled in litigation, laying out disputes with estranged partner Foxconn, rival electric vehicle manufacturer Karma Automotive, the U.S. Securities and Exchange Commission and several investor groups during its first court appearance. Lordstown filed for bankruptcy protection in Wilmington,…
LISBON (Reuters) – The European Central Bank is close to being able to pause the trajectory of rising interest rates so as not to harm the stagnant euro zone economy, ECB Governing Council member Mario Centeno said on Wednesday. In an interview with Portugal’s broadcaster RTP he said that the ECB “must be cautious so…
