(Reuters) – Digital Currency Group-owned Luno said on Wednesday it would cut 35% of its total workforce, the latest in a slew of companies in the digital assets sector to reduce headcount to wea[...]
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January 25, 2023
Europe’s stellar stocks and bonds rally has gone too far – Amundi
By Naomi Rovnick LONDON (Reuters) – A blazing rally in European stocks and government bonds has gone too far, the chief investment officer of the region’s largest asset manager said on Wed[...]
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Bank of Canada raises rates, says it is likely to pause for now
OTTAWA, Jan 25 (Reuters) – The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by 25 basis points to 4.5%, its highest level in 15 years, and said it would likely pause t[...]
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Norfolk Southern misses quarterly profit estimates on higher operating expenses
(Reuters) – Norfolk Southern Corp reported a lower-than-expected fourth-quarter profit on Wednesday as U.S. railroad operators struggle with labor shortages, service problems and high fuel price[...]
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Tokyo bourse proposes 2025 end of grace period for listing rules
By Hiroko Hamada and Makiko Yamazaki TOKYO (Reuters) – The Tokyo Stock Exchange said on Wednesday it had proposed ending a grace period in March 2025 for companies listed on the top “prime[...]
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Train maker Alstom’s sales gain steam as orders beat estimates
By Olivier Sorgho (Reuters) -French train maker Alstom posted an 8% rise in third-quarter sales on Wednesday, helped by forecast-beating orders, particularly in Europe. While Alstom’s costs have[...]
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Grayscale would appeal lawsuit against SEC if court rejects case, CEO says
By Hannah Lang (Reuters) -Crypto asset manager Grayscale Investments is gearing up for a prolonged legal fight with the U.S. Securities and Exchange Commission to create a spot bitcoin exchange-traded[...]
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Tesla plans $3.6 billion Nevada expansion to make Semi truck, battery cells
(Reuters) -Tesla Inc said on Tuesday it would invest more than $3.6 billion to expand its Nevada Gigafactory complex with two new factories, one to mass produce its long-delayed Semi electric truck an[...]
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Japan cuts economic view as exports to Asia weaken
TOKYO (Reuters) – Japan cut its view on the overall economy for the first time in 11 months in January, as China’s COVID-19 infections and a slowdown in global demand for tech and semicond[...]
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