By Tom Wilson, Elizabeth Howcroft and Hannah Lang LONDON/WASHINGTON (Reuters) – Bitcoin steadied on Tuesday after earlier hitting a new 18-month low, as major crypto lender Celsius Network’s freezing of withdrawals and the prospect of sharp U.S. interest rate rises shook the volatile asset class. Bitcoin clawed its way to positive territory after much as…
WASHINGTON (Reuters) -The United States, Canada and other countries have established a new partnership aimed at securing the supply of critical minerals as global demand rises for the elements, used in everything from computers to household appliances, the State Department said on Tuesday. Demand for critical minerals, which are essential for clean energy and other…
By Laura Sanicola (Reuters) -Oil prices rose on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh COVID-19 curbs in China. Brent crude futures rose $1.37, or 1.1%, to $123.64 a barrel at 12:20 p.m. EDT (1620 GMT), while U.S. West Texas Intermediate (WTI) crude…
(Reuters) – Caterpillar Inc said on Tuesday it would move its global headquarters to Irving, Texas from its current location in Deerfield, Illinois. (Reporting by Nathan Gomes in Bengaluru; Editing by Shinjini Ganguli)
By David Dolan TOKYO (Reuters) – Toyota Motor Corp heads into its annual general meeting on Wednesday under fire from New York City and Danish pension funds over its commitment to battery vehicles and lobbying on climate policy. Once a darling of environmentalists for the hybrid Prius model it popularised more than two decades ago,…
By Elizabeth Dilts Marshall NEW YORK (Reuters) -Wells Fargo & Co’s chief financial officer told investors on Tuesday the bank will not release funds it set aside to cover potential pandemic-related loan losses this quarter because of the “uncertainty” facing the U.S. economy. “We still think there’s significant risk that’s out there,” CFO Mike Santomassimo…
By Nivedita Balu (Reuters) – Coinbase Global Inc will cut about 1,100 jobs, or 18% of its workforce, the cryptocurrency exchange said on Tuesday, the latest company preparing to ride out a downturn in the cryptosphere. The cryptocurrency market has been roiled by extreme volatility as investors dumped risky assets on fears that higher inflation…
By Katanga Johnson WASHINGTON (Reuters) -U.S. Securities and Exchange Commission (SEC) Gary Gensler said on Tuesday that investors should beware promised returns from crypto lending platforms and products that seem “too good to be true.” The Wall Street watchdog’s comments come a day after the world’s largest cryptocurrency fell 15% on Monday, its sharpest one-day…
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators, which raided some fashion companies last month, are focusing on a group of designers who two years ago called for changes in sales periods and discounts, people familiar with the matter said. The European Commission, which did not name the companies nor the countries in…
By Joice Alves LONDON (Reuters) – Climate change could play out to the advantage of the euro, while China’s yuan and the Japanese yen are set to suffer the most without greater efforts to mitigate the effects of global warming, Barclays said in a report. The British bank mapped the effects of climate change on…
