A look at the day ahead in markets from Sujata Rao A JPMorgan survey shows a record high 86% of its clients planned to raise equity exposure. It is unclear if those plans will have come unstuck after the latest spurt in oil and commodity, and galloping inflation expectations. The bank itself is warning central…
By Lisa Pauline Mattackal and Bansari Mayur Kamdar (Reuters) – Bitcoin just isn’t anonymous enough for a growing cohort of crypto users who are seeking greater seclusion. A volatile class of crypto known as privacy coins, created with the primary aim of masking the identity of users and details of transactions, has quietly been gaining…
(Reuters) -Canadian Pacific Railway and union Teamsters Canada Rail Conference have agreed to a binding arbitration over a labour dispute, allowing for operations to resume from Tuesday at the country’s second-largest railroad. CP halted operations and locked its workers out early on Sunday, with each side blaming the other for a halt that could have…
By Nick Carey and Christoph Steitz WOERT, Germany (Reuters) – The shift to electric cars may pose an existential threat to suppliers of combustion engines but for auto parts firms such as TE Connectivity the challenge is keeping up with demand. It makes the connectors that link miles of cables in cars to all things…
By Xie Yu HONG KONG (Reuters) – Gains in banks, energy and mining stocks lifted Asian equities a little higher on Tuesday as investors braced for aggressive U.S. rate hikes and war disrupting oil supplies. Oil futures rose nearly 3% to a two-week high in Asia. The yen fell through the key 120 level against…
(Reuters) -Alibaba raised its share buyback programme to $25 billion on Tuesday, the largest ever repurchase plan by the e-commerce giant, to prop up its battered shares as it fights off regulatory scrutiny and concerns about slowing growth. The plan comes amid a tech stock rally in the past few days after Chinese Vice Premier…
By Asha Sistla (Reuters) – Gold prices held steady on Tuesday as U.S. Treasury yields hit multi-year highs following an aggressive inflation stance by the Federal Reserve chairman, while an intensifying conflict between Russia and Ukraine supported bids for the safe-haven metal. Spot gold was flat at $1,936.82 per ounce by 0347 GMT. U.S. gold…
By Chris Taylor NEW YORK (Reuters) – When it comes to passing money smarts to children, many parents know where to start. In the beginning, they introduce kids to the concept, giving them small amounts of money like allowances or tooth-fairy gifts to handle. The end goal is a fully-functioning financially responsible grownup – earning…
(Reuters) -Alibaba raised its share buyback programme to $25 billion on Tuesday, the largest ever repurchase plan by the e-commerce giant, to prop up its battered shares as it fights off regulatory scrutiny and concerns about slowing growth. The plan comes amid a tech stock rally in the past few days after Chinese Vice Premier…
By Clare Jim and Jason Xue HONG KONG (Reuters) -China Evergrande Group said on Tuesday the embattled developer would not be able to publish its financial results for last year by March 31 as required by stock listing rules because audit work has not been completed. Evergrande said in a stock exchange filing that due…
