Bankman-Fried says he will testify before U.S. House committee

Bankman-Fried says he will testify before U.S. House committee

Dec 4 (Reuters) – FTX founder Sam Bankman-Fried tweeted on Sunday that he would testify before the House Financial Services Committee after he finished “learning and reviewing” the events that led to the spectacular collapse of his cryptocurrency exchange. The U.S. House Financial Services Committee plans to hold a hearing in December to investigate the … Read more

European markets stay cautious after China eases pandemic measures

European markets stay cautious after China eases pandemic measures

LONDON, Dec 5 (Reuters) – European stock indexes opened slightly lower on Monday, finding little support from an easing of China’s domestic pandemic restrictions, after market sentiment was dampened by U.S. jobs data on Friday that raised fears of persistent inflation. Asian shares had been boosted early on Monday by hopes that China taking steps … Read more

Stocks and oil buoyed by hopes of looser Chinese COVID curbs

Stocks and oil buoyed by hopes of looser Chinese COVID curbs

Euro STOXX 600 gains around 0.5% before giving up ground Wall Street futures up Oil prices rebound on China hopes, talk of output cuts Dollar falls as investors seek riskier assets http://tmsnrt.rs/2yaDPgn LONDON, Nov 29 (Reuters) – Stocks and oil gained on Tuesday, buoyed by hopes that public unrest in China could spark an earlier … Read more

China’s anti-lockdown protests shake stocks and oil

China’s anti-lockdown protests shake stocks and oil

China announces record new local COVID cases Commodities caught in selling Dollar extends gains against yuan SYDNEY/LONDON, Nov 28 (Reuters) – Stocks and commodities prices suffered a broad sell-off on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID curbs hit growth expectations in the world’s second-largest economy. Clashes between police … Read more

Stocks churn ahead of Fed minutes as oil tumbles on price cap plan

Stocks churn ahead of Fed minutes as oil tumbles on price cap plan

Fed minutes for November due at 1900 GMT U.S. Thanksgiving public holiday on Thursday Stock eke out slim gains globally Euro zone economic data points to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global shares churned on Wednesday ahead of minutes of a Federal Reserve meeting that could shed light … Read more

Michael Bloomberg apologises for Boris Johnson speech criticising China

Michael Bloomberg apologises for Boris Johnson speech criticising China

BEIJING, Nov 20 (Reuters) – Michael Bloomberg apologised last week at a business forum hosted by the news agency he founded for remarks by British former Prime Minister Boris Johnson criticising China as autocratic. The controversy highlights China’s influence in Asia and sensitivities about overt criticism of Beijing. Bloomberg, a former New York mayor who … Read more

Asian stocks shaken by blast in Poland; dollar gains

Asian stocks shaken by blast in Poland; dollar gains

HONG KONG, Nov 16 (Reuters) – Asian stocks dropped and the dollar gained on Wednesday after a blast in Poland that Ukraine and Polish authorities said was caused by a Russian-made missile. Worries over a potential ratcheting up of geopolitical tensions spurred a drop of 1% in MSCI’s broadest index of Asia-Pacific shares outside Japan … Read more

Shares mixed on Fed warning, China acts on property

Asian stocks shaken by blast in Poland; dollar gains

https://tmsnrt.rs/2zpUAr4 Fed’s Waller plays down CPI as just one number Beijing lays out property support, COVID steps Biden to meet Xi at G20 meeting SYDNEY, Nov 14 (Reuters) – Asian share markets were mixed on Monday as a top U.S. central banker warned investors against getting carried away over one inflation number, while Chinese stocks … Read more

U.S. seeks no conflict with China, says Biden as G20 leaders gather

U.S. seeks no conflict with China, says Biden as G20 leaders gather

World leaders arrive in Bali Biden to meet China’s Xi on Monday Japan, S. Korea, U.S. denounce N. Korea missile launches Australia PM: talk with China premier ‘constructive’ Russia’s Lavrov says West militarising Southeast Asia NUSA DUA, Indonesia, Nov 13 (Reuters) – U.S. President Joe Biden said on Sunday his country will maintain open communication … Read more

FTX founder Sam Bankman-Fried says he is in the Bahamas

FTX founder Sam Bankman-Fried says he is in the Bahamas

NEW YORK, Nov 12 (Reuters) – FTX founder Sam Bankman-Fried told Reuters on Saturday that he was in the Bahamas, denying speculation on Twitter that he had flown to South America after the exchange filed for bankruptcy and he was removed as chief executive. When asked by Reuters whether he had flown to Argentina, Bankman-Fried … Read more