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May 23, 2022

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India’s top crypto app CoinSwitch calls for regulatory ‘peace, certainty’

Reuters
Souvenir tokens representing cryptocurrency Bitcoin plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May 22 (Reuters) – India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors and boost its crypto sector,......

WHO expects more cases of monkeypox to emerge globally

Reuters
A section of skin tissue, harvested from a lesion on the skin of a monkey, that had been infected with monkeypox virus, is seen at 50X magnification on day four of rash development in 1968. CDC/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, May 21......

Putin promises to bolster Russia’s IT security in face of cyber attacks

Reuters
May 20 (Reuters) – President Vladimir Putin said on Friday that the number of cyber attacks on Russia by foreign “state structures” had increased several times over and that Russia must bolster its cyber defences by reducing the use of foreign software and hardware. The websites of many state-owned companies......

Lebanon recovery plan includes central bank debt write-off, haircuts to depositors

Reuters
Lebanese President Michel Aoun heads a final cabinet meeting before the government enters a caretaker status at the presidential palace in Baabda, Lebanon May 20, 2022. Dalati Nohra/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register May 20 (Reuters) – Lebanon’s government foresees cancelling “a large part”......

Credit Suisse hires Barclays banker to run Iberia investment banking

Reuters
Logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland May 2, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register LONDON, May 20 (Reuters) – Credit Suisse has hired a senior Barclays dealmaker to lead its investment banking business in Spain......

Russian rouble rallies to March 2018 level against dollar

Reuters
A picture illustration shows Russian rouble banknotes of various denominations on a table in Warsaw, Poland, January 22, 2016. REUTERS/Kacper Pempel/File Photo Register now for FREE unlimited access to Reuters.com Register May 20 (Reuters) – The Russian rouble gained more than 7% against the dollar on Friday, hitting levels last......

U.S. banks’ 2021 hiring show lenders are seeking talent far beyond Wall Street

Reuters
NEW YORK, May 19 (Reuters) – More than half of the new employees banks and other financial services companies hired in 2021 are based in Orlando, Dallas and other cities – far from Wall Street – as the battle for talent pushed companies to cast a wider net for candidates,......

Tesla cut from S&P 500 ESG Index, and Elon Musk tweets his fury

Reuters
May 18 (Reuters) – An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc (TSLA.O) from the widely followed S&P 500 ESG Index (.SPXESUP)because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles, and Tesla CEO Elon Musk......

Euro rises with focus on ECB tightening path, Swiss Franc rises

Reuters
Euro rises, focus on rate hike bets Dollar takes a breather after recent gains Swiss Franc at multi-week highs after SNB hawkish turn Graphic: World FX rates May 19 (Reuters) – The euro rose on Thursday as investors priced in the chance of an aggressive near-term tightening path by the......

Wells Fargo sees end-of-year U.S. recession, cuts GDP view

Reuters
A person pushes a shopping cart in a supermarket in Manhattan, New York City, U.S., March 28, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register May 18 (Reuters) – Wells Fargo Investment Institute said on Wednesday it reduced its economic expectations with a mild U.S. recession......

ABN Amro shares fall as money-laundering provision boosts costs

Reuters
ABN AMRO logo is seen at the headquarters in Amsterdam, Netherlands May 14, 2019. REUTERS/Piroschka van de Wouw Register now for FREE unlimited access to Reuters.com Register ABN Amro reports stronger-than-expected Q1 net profit Costs higher than anticipated Shares trade down 10% FY net interest income now expected at top......

Cryptoverse: Stablecoins wend wobbly way into the unknown

Reuters
May 17 (Reuters) – Stablecoins, the safe and strait-laced cousins of crypto, are looking distinctly dicey. Tether, USDC and others lost their prized pegs to the dollar last week in a bout of market mayhem that shook faith in these coins that were designed to sidestep crypto volatility. But was......

UniCredit, Citi consider swapping assets with Russian institutions – FT

Reuters
May 15 (Reuters) – UniCredit SpA (CRDI.MI) and Citigroup (C.N) are exploring asset swaps with Russian financial institutions as western banks trying to avoid heavy writedowns as they exit Russia, the Financial Times said on Sunday. UniCredit has received several offers from Russian financial institutions to buy its local subsidiary......

Analysis: Traders ready for wilder swings as rate rises stoke volatility

Reuters
A specialist trader works on the floor of the New York Stock Exchange, August 21, 2015. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register LONDON/NEW YORK, May 13 (Reuters) – Traders in the world’s largest markets are having to navigate wild intra-day swings and shrinking deal sizes......

Swiss release some frozen Russian assets

Reuters
1,000-Swiss-franc banknotes lie in a box at a Swiss bank in Zurich, April 9, 2019. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register ZURICH, May 12 (Reuters) – The Swiss government on Thursday reported 6.3 billion Swiss francs ($6.33 billion) worth of Russian assets frozen under sanctions......

Bank of Canada says rates are too stimulative, downplays 75 bps hike

Reuters
A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register OTTAWA, May 12 (Reuters) – The Bank of Canada’s policy rate, at 1%, is “too stimulative” given soaring inflation and......

EBRD to help Ukraine find an exit for its exports

Reuters
The Arkas Line’s Conti Basel container ship is docked in the Black sea port of Odessa, Ukraine, November 4, 2016. REUTERS/Valentyn Ogirenko Register now for FREE unlimited access to Reuters.com Register MARRAKECH, Morocco, May 12 (Reuters) – The European Bank for Reconstruction and Development (EBRD) is considering financial support for......

DigitalBridge buys data center company Switch for $11 billion

Reuters
May 11 (Reuters) – DigitalBridge Group Inc (DBRG.N) has agreed to buy data center operator Switch Inc (SWCH.N) for $11 billion, including debt, marking the latest deal in the digital asset sector that has attracted large private equity firms and infrastructure funds. Boca Raton, Florida-based DigitalBridge and Australian infrastructure investor......

Lending firm Upstart’s dismal revenue view drags sector lower

Reuters
May 10 (Reuters) – Shares of Upstart Holdings (UPST.O) plunged nearly 60% on Tuesday after the AI-driven lending platform cut its full-year revenue forecast, anticipating falling demand for loans amid rising interest rates in the United States. The fintech company’s stock was on track to erase most of its gains......

Greece, UAE agree joint investments in energy, other sectors

Reuters
ATHENS, May 9 (Reuters) – Greece and the United Arab Emirates (UAE) on Monday agreed to jointly fund investments worth 4 billion euros ($4.2 billion) in the Mediterranean country and explore further cooperation in the energy sector, the Greek prime minister’s office said. Prime Minister Kyriakos Mitsotakis met with Crown......

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