ZURICH (Reuters) – International financial authorities must give consideration to legal risks surrounding the potential winding up of global banks, Swiss Finance Minister Karin Keller-Sutter was[...]
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June 5, 2024
Crypto industry’s lobbying drive will pay off in US elections, Ripple president says
By Elizabeth Howcroft and Hannah Lang AMSTERDAM/NEW YORK (Reuters) -The president of U.S. crypto firm Ripple is “optimistic” that a lobbying push by the crypto industry will yield results[...]
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China’s robust services activity drives up employment, Caixin PMI shows
BEIJING (Reuters) – China’s services activity in May accelerated at the quickest pace in 10 months while staffing levels expanded for the first time since January, a private sector survey[...]
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Exclusive-EV maker Nio gets regulatory nod for third factory in China, sources say
SHANGHAI (Reuters) – Electric vehicle maker Nio has won approval to build a third factory in China that would boost its total approved production capacity to 1 million cars, almost at par with T[...]
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These early Tesla bulls are giving up on the stock
By David Randall NEW YORK (Reuters) -Some of Tesla’s institutional shareholders are getting out, convinced that the electric carmaker’s days of dizzying growth are in the rear-view mirror.[...]
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Morning Bid: Rate cut wagers fire up (again)
A look at the day ahead in European and global markets from Ankur Banerjee: A softening labour market and a cooling economy have traders perking up with expectations of a September rate cut from the F[...]
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Australia moves to rein in buy-now-pay-later with credit check law
By Renju Jose SYDNEY (Reuters) – The Australian government on Wednesday introduced legislation that would require buy-now-pay-later (BNPL) firms to run credit checks on borrowers, aiming to regu[...]
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No relief for emerging currencies seen as investors ponder elections, potential US easing
By Vivek Mishra and Vuyani Ndaba BENGALURU/JOHANNESBURG (Reuters) – Emerging market currencies will struggle to rebound this year, pressured by a U.S. Federal Reserve that is in no rush to cut i[...]
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Australia economy slows to a crawl in Q1, grows 0.1% q/q
By Wayne Cole SYDNEY (Reuters) – Australia’s economy slowed to a crawl in the March quarter as high borrowing costs and still-elevated inflation put the brakes on consumer spending, even a[...]
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