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July 4, 2022

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Column: Metals melt down as recession fears overwhelm supply woes: Andy Home

Reuters
LONDON, July 4 (Reuters) – Industrial metals have gone from boom to bust in the space of only three months. In March the London Metal Exchange (LME) suspended its nickel contract after the price spiked to more than $100,000 per tonne. Three-month nickel is now trading around $22,500, pretty much......

U.S. SEC rejects Grayscale’s spot bitcoin ETF

Reuters
A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Register now for FREE unlimited access to Reuters.com Register June 29 (Reuters) – The U.S. securities regulator on Wednesday rejected a proposal to list a spot......

Saudi bourse to launch single stock futures on July 4 – statement

Reuters
Saudi woman walks at the Saudi stock market (Tadawul), in Riyadh, Saudi Arabia March 9, 2020. REUTERS/Ahmed Yosri Register now for FREE unlimited access to Reuters.com Register DUBAI, June 26 (Reuters) – The Saudi stock exchange Tadawul plans to launch single stock futures on July 4, which will enable local......

U.S. crypto firm Harmony hit by $100 million heist

Reuters
LONDON, June 24 (Reuters) – U.S. crypto firm Harmony said on Friday that thieves stole around $100 million worth of digital coins from one of its key products, the latest in a string of cyber heists on a sector long targeted by hackers. Harmony develops blockchains for so-called decentralised finance......

Leonardo’s DRS to land on Nasdaq with RADA takeover

Reuters
Leonardo logo and stock graph seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register MILAN, June 21 (Reuters) – Leonardo’s (LDOF.MI) U.S. electronics business DRS (2VZ.F) has agreed an all-stock takeover of Israel’s RADA Electronic Industries , the Italian......

Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme

Reuters
NEW YORK, June 16 (Reuters) – Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Musk, electric car company Tesla Inc......

UK lawmakers urge caution with post-Brexit financial reform

Reuters
The City of London financial district is seen in London, Britain, October 22, 2021. REUTERS/Hannah McKay/ Register now for FREE unlimited access to Reuters.com Register LONDON, June 16 (Reuters) – Brexit is no reason to radically alter British financial regulation and regulators should not be forced to water down rules......

Column: Goldman sparks bear-bull battle in the lithium market: Andy Home

Reuters
LONDON, June 15 (Reuters) – Is the white-hot lithium market about to be dowsed in a cold cyclical shower of oversupply? Goldman Sachs thinks so. “We expect lithium prices to continue to correct for the rest of the year and remain under pressure from increasing supply over the next few......

Bitcoin sinks to fresh 18-month low as crypto meltdown deepens

Reuters
LONDON/NEW YORK, June 15 (Reuters) – Bitcoin slumped on Wednesday to a new 18-month low, dragging smaller tokens down with it and deepening a market meltdown sparked by crypto lender Celsius this week freezing customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8% to $20,079.72 , its lowest......

Rouble hits fresh highs against dollar, euro

Reuters
A vendor counts Russian rouble banknotes at a market in Omsk, Russia February 18, 2022. REUTERS/Alexey Malgavko/File Photo Register now for FREE unlimited access to Reuters.com Register June 14 (Reuters) – The Russian rouble hit three-week highs against the euro and U.S. dollar in volatile trading on Tuesday, continuing to......

Wall Street regulator to spell out push to overhaul stock trading -sources

Reuters
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, U.S., September 14, 2021. REUTERS/Evelyn Hockstein Register now for FREE unlimited access to Reuters.com Register WASHINGTON/NEW YORK, June 8 (Reuters) –......

Elliott Associates sues LME for $456 mln over nickel trading halt – HKEX

Reuters
Traders work on the floor of the London Metal Exchange in London, Britain, September 27, 2018. REUTERS/Simon Dawson/File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 6 (Reuters) – Fund manager Elliott Associates has sued London Metal Exchange (LME) for $456 million following the suspension......

German inflation at highest level in nearly half a century

Reuters
Full shelves with fruits are pictured in a supermarket during the spread of the coronavirus disease (COVID-19) in Berlin, Germany, March 17, 2020. REUTERS/Fabrizio Bensch/File Photo Register now for FREE unlimited access to Reuters.com Register BERLIN, May 30 (Reuters) – German inflation reached its highest level in nearly half a......

Column: Market turbulence won’t slow aluminium’s green drive: Andy Home

Reuters
LONDON, May 26 (Reuters) – These are turbulent times for the global aluminium market. Aluminium has for years been characterised by chronic oversupply thanks to China’s relentless build-out of primary smelting capacity. Now, however, buyers in Europe and the United States are paying up record high premiums to get hold......

U.S. bill would bar Google, Apple from hosting apps that accept China’s digital yuan

Reuters
WASHINGTON, May 26 (Reuters) – Republican senators want to bar U.S. app stores including Apple and Google from hosting apps that allow payments to be made with China’s digital currency, amid fears the payment system could allow Beijing to spy on Americans. The bill, unveiled Thursday and first reported by......

‘Significant issues remain’ in reaching deal over U.S.-listed Chinese company audits -SEC official

Reuters
WASHINGTON, May 24 (Reuters) – “Significant issues remain” in reaching a deal with China over a long-running dispute around auditing compliance of China-based companies listed on U.S. stock exchanges, a U.S. Securities and Exchange Commission (SEC) official said on Tuesday. The SEC’s international affairs chief, YJ Fischer, told an audience......

Palantir, Trafigura aim to track carbon emissions for the oil industry

Reuters
The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May 24 (Reuters) – Palantir Technologies Inc (PLTR.N) and global commodities trader Trafigura have set......

Majority shareholders vote in favor of delisting Didi from New York

Reuters
A screen displays trading information for ride-hailing giant Didi Global on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 3, 2021. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register May 23 (Reuters) – Chinese ride-hailing giant Didi Global will delist......

Column: European smelter hits mean another year of zinc shortfall: Andy Home

Reuters
LONDON, May 16 (Reuters) – The global refined zinc market is expected to register a supply shortfall of 292,000 tonnes this year, according to the International Lead and Zinc Study Group (ILZSG). It will be the second consecutive year of deficit after global production fell short of demand to the......

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