By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. As investors enter something of a holding pattern ahead of key central bank policy decisions this week, China’s markets are on the defensive after yet another indication that the country’s economic growth engine is far from purring. New…
By Laila Kearney NEW YORK (Reuters) -Oil prices settled up about $2 a barrel on Monday on supply jitters, as a key pipeline supplying the United States closed and Russia threatened a production cut even as China’s loosening COVID-19 restrictions bolstered the fuel demand outlook. Brent crude futures settled at $77.99 a barrel, gaining $1.89…
(Reuters) – FTX CEO John Ray will tell lawmakers on Tuesday that the bankrupt cryptocurrency exchange had “unacceptable management practices” including the commingling of assets and lack of internal controls, according to prepared remarks published by the U.S. House Financial Services Committee. FTX filed for U.S. bankruptcy protection last month and its founder Sam Bankman-Fried…
(Reuters) – Goldman Sachs expects gold, with its real demand drivers, to outperform the highly volatile bitcoin in the long term, the bank wrote in a Monday research note. Gold is less likely to be influenced by tighter financial conditions, meaning it is “a useful portfolio diversifier,” said Goldman, especially given that gold has developed…
By Michael S. Derby and Howard Schneider (Reuters) – Americans said last month that they are expecting waning inflation pressures over the next few years even as they expect their incomes to perk up, the New York Fed said Monday in its latest Survey of Consumer Expectations. The bank reported that respondents foresee a record…
WASHINGTON (Reuters) – United Auto Workers (UAW) President Ray Curry said Monday he is optimistic the union can quickly reach a contract deal with a General Motors, LG Energy Solution battery cell joint venture factory. Last week, workers at the Ultium Cells LLC plant northeast Ohio overwhelmingly voted to join the UAW, a big win…
By Mathieu Rosemain PARIS (Reuters) -Apple should face a 6 million euro ($6.3 million) fine for breach of privacy rules, the top adviser to French data protection authority’s sanction body recommended on Monday. CNIL’s sanction body is free to ignore the rapporteur’s recommendations, but these typically carry a lot of weight regarding the watchdog’s final…
(Reuters) – Canada’s main stock index opened slightly higher on Monday, led by gains in energy and technology stocks, ahead of key interest rate decisions from major central banks this week. At 9:36 a.m. ET (14:36 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 20.51 points, or 0.1%, at 19,967.58. (Reporting by Shashwat…
By Kate Abnett BRUSSELS (Reuters) -The European Union is hoping to reach a deal late on Monday to impose a carbon dioxide tariff on imports of polluting goods such as steel and cement, a scheme the bloc says is crucial to support European industry during the low-carbon transition. The EU last year proposed a law…
By Manas Mishra (Reuters) -Amgen Inc will buy rare disease drugmaker Horizon Therapeutics Plc in a deal valued at $27.8 billion, boosting the biotech firm’s rare diseases portfolio and marking the biggest acquisition in the sector this year. The company will pay $116.50 in cash for each Horizon share held, a premium of nearly 20%…
