(This July 11 story has been corrected to add ‘CoinShares’ in paragraph 2 and ‘funds investing in crypto’ in paragraph 4) By Nell Mackenzie and Elizabeth Howcroft LONDON (Reuters) – Global hedge funds not specialising in crypto assets have grown skittish from recent industry turmoil and this has lead to an exit from the sector,…
By John McCrank NEW YORK (Reuters) – Exchange operator Cboe Global Markets on Tuesday filed amended applications to list and trade shares of three spot bitcoin exchange-traded funds, including one by Fidelity, to add surveillance-sharing agreements with crypto-trading platform Coinbase. Shares of Coinbase closed up 9.8% at $89.15 on Tuesday and hit their highest level…
KYIV (Reuters) -Ukraine on Wednesday reported some success in fighting near the Russian-occupied eastern city of Bakhmut as its troops press on with a counteroffensive against Moscow’s forces. Heavy fighting and Russian drone strikes on Ukrainian cities have continued while President Volodymyr Zelenskiy is in Vilnius for meetings with NATO leaders who are holding a…
By Sakura Murakami and Kentaro Sugiyama TOKYO (Reuters) – Japan’s Prime Minister Fumio Kishida said on Wednesday he welcomed that Japan and the North Atlantic Treaty Organization (NATO) had agreed on a new partnership programme, ahead of his attendance at the NATO Vilnius summit. At a joint announcement with NATO chief Jens Stoltenberg, Kishida said…
By Jonathan Stempel NEW YORK (Reuters) -Donald Trump suffered a legal defeat on Tuesday as the U.S. government reversed its earlier position that the former president could be immune from the writer E. Jean Carroll’s $10 million defamation lawsuit against him. In a letter to Trump’s and Carroll’s lawyers, the U.S. Department of Justice said…
By Sam Nussey and Miho Uranaka TOKYO (Reuters) -SoftBank is considering a U.S. listing for its PayPay payments business, three sources familiar with the matter said, in what could mark another American listing for Masayoshi Son’s sprawling tech conglomerate along with chip designer Arm. New York is seen as a more attractive destination than Tokyo…
By Stella Qiu SYDNEY (Reuters) -Australia’s top central banker said on Wednesday he is confident higher interest rates are working to cool inflation but it is possible they will have to rise further, suggesting a decision on whether to resume hiking in August may be a close one. Reserve Bank of Australia Governor Philip Lowe…
By Kate Lamb and Stanley Widianto JAKARTA (Reuters) -ASEAN foreign ministers on Wednesday called for regional unity in addressing an intensifying conflict in Myanmar, amid doubts over the bloc’s capability to implement a two-year-old peace process that has yet to get off the ground. The gathering of the Association of Southeast Asian Nations (ASEAN) in…
By Valentina Za, Giuseppe Fonte and Gavin Jones ROME/MILAN (Reuters) – Italy’s hopes of transforming its economy with billions of euros of European Union pandemic recovery funds are unravelling fast, businesses on the ground say, with inefficiencies at all levels raising the risk of a greater boost to debt than to growth. In mid-2020 Rome…
By Aditya Kalra and Yuvraj Malik NEW DELHI (Reuters) -Walt Disney is exploring options to sell or find a joint venture partner for its India digital and TV business, a source with direct knowledge said on Wednesday. The talks are in a “very, very nascent” stage and no potential buyer or partner has been approached…
