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October 22, 2021

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Coinbase says hackers stole cryptocurrency from at least 6,000 customers

Reuters
Oct 1 (Reuters) – Hackers stole from the accounts of at least 6,000 customers of Coinbase Global Inc (COIN.O), according to a breach notification letter sent by the cryptocurrency exchange to affected customers. The hack took place between March and May 20 of this year, according to a copy of......

Analysis: ‘Perfect storm’ lifts dollar over unsettled markets

Reuters
A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao/File Photo NEW YORK, Oct 1 (Reuters) – A grinding rally in the dollar is picking up speed, fueled by a hawkish tilt from the Federal Reserve, rising Treasury yields and concerns over the......

Myanmar currency trade turns to online groups on Facebook amid crisis

Reuters
Myanmar banknotes are seen during an illegal exchange inside a house in Yangon, Myanmar, September 24, 2021. Picture taken September 24, 2021. REUTERS/Stringer Oct 1 (Reuters) – As Myanmar’s economic slump deepens after February’s military coup and parts of its financial system freeze up, many in the strife-torn country are......

Asian stocks extend global slide as inflation fears bite

Reuters
A man wearing a protective mask, amid the COVID-19 outbreak, is reflected on an electronic board displaying stock prices outside a brokerage in Tokyo, Japan, September 21, 2021. REUTERS/Kim Kyung-Hoon Asia-Pac stocks fall 1% after decline on Wall St overnight Concerns about inflation-growth outlook send bonds higher Gold in demand,......

Bitcoin rises 5.2% to $43,717

Reuters
A representation of cryptocurrency Bitcoin is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Sept 30 (Reuters) – Bitcoin was up 5.23% at $43,716.97 as of 22:08 GMT on Thursday, adding $2,174.07 to its previous close. The world’s biggest and best-known cryptocurrency has gained 57.6% from the......

Analysis: From chips to ships, shortages are making inflation stick

Reuters
A gas burner is pictured on a cooker in a private home in Bordeaux, soutwestern France, December 13, 2012. REUTERS/Regis Duvignau Analysts still view price pressures as temporary But watching supply, worker shortages closely U.S. seen more at risk from wage-induced inflation LONDON, Sept 30 (Reuters) – Soaring gas prices,......

Boston Fed’s first look at digital U.S. dollar nearly done, official says

Reuters
A U.S. dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Sept 29 (Reuters) – The first phase of a multi-year research project the Boston Federal Reserve is doing with the Massachusetts Institute of Technology on the technology that could be used for a digital......

Myanmar currency drops 60% in weeks as economy tanks since February coup

Reuters
People line up outside a bank to withdraw cash, in Yangon, Myanmar May 13, 2021. REUTERS/Stringer Sept 29 (Reuters) – Myanmar’s currency has lost more than 60% of its value since the beginning of September, driving up food and fuel prices in an economy that has tanked since a military......

Myanmar currency drops 60% in weeks as economy tanks since February coup

Reuters
People line up outside a bank to withdraw cash, in Yangon, Myanmar May 13, 2021. REUTERS/Stringer Sept 29 (Reuters) – Myanmar’s currency has lost more than 60% of its value since the beginning of September, driving up food and fuel prices in an economy that has tanked since a military......

Cryptocurrency exchanges scramble to drop Chinese users after Beijing’s ban

Reuters
SHANGHAI, Sept 27 (Reuters) – Beijing’s new blanket ban on all cryptocurrency trading and mining – the broadest yet by a major economy – has sent crypto exchanges and service providers scrambling to sever business ties with mainland Chinese clients. Shares in a range of Chinese crypto-related firms plunged on......

Oil shares lead charge as crude hits new 3-year highs

Reuters
A man watches an electric board showing Nikkei index outside a brokerage at a business district in Tokyo, Japan, June 21, 2021. REUTERS/Kim Kyung-Hoon Oil climbs on tight supply, strong demand Markets hope Beijing will contain Evergrande fallout U.S. debt ceiling deadline nears, spending bill to get vote Bonds pressured......

China’s top regulators ban crypto trading and mining, sending bitcoin tumbling

Reuters
A Chinese flag is seen among representations of Bitcoin and other cryptocurrencies in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration/File Photo China intensifies crypto crackdown Vows to root out “illegal” trading activity, bans mining Bitcoin, smaller coins slump SHANGHAI/LONDON, Sept 24 (Reuters) – China’s most powerful regulators on......

Indonesia finmin warns of ripple effect from China’s Evergrande debt woes

Reuters
Indonesian Finance Minister Sri Mulyani wearing a protective mask reacts during an interview with Reuters at the Presidential Palace in Jakarta, Indonesia, November 13, 2020. REUTERS/Willy Kurniawan JAKARTA, Sept 23 (Reuters) – Indonesian authorities are monitoring the financial market situation in China, finance minister Sri Mulyani Indrawati said on Thursday,......

Dollar near one-month high as Evergrande risks, Fed loom

Reuters
TOKYO, Sept 22 (Reuters) – The dollar held below a near one-month high on Wednesday as investors focused on two key risks — a default by Chinese property developer Evergrande and the expected pace of U.S. monetary policy tightening. The dollar index stood at 93.226 in early Asian trade, staying......

Marketmind: Watch those spiralling gas prices

Reuters
Fuel prices are displayed at a gas station in Copacabana beach in Rio de Janeiro, Brazil, September 2, 2021. REUTERS/Ricardo Moraes/Files A look at the day ahead from Sujata Rao. A massive week in monetary policy, with some 16 central banks holding meetings and possibly the first rate hike from......

Erdogan’s waning patience: Four questions for Turkey’s central bank

Reuters
Turkey’s Central Bank headquarters is seen in Ankara, Turkey in this January 24, 2014 file photo. REUTERS/Umit Bektas//File Photo As world preps for tighter policy, Turkey looks to ease Erdogan has urged rate cuts despite rising inflation ISTANBUL, Sept 20 (Reuters) – Turkey’s central bank has begun setting the stage......

Banks beware, outsiders are cracking the code for finance

Reuters
Embedded finance investment jumps in 2021, data shows Buy now pay later deals take centre stage Fintech market valuations leapfrog banks LONDON, Sept 17 (Reuters) – Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon (AMZN.O) to IKEA and Walmart......

World shares slide on China investment worries

Reuters
A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri/File Photo U.S. retail sales rose in August Indexes: Dow off 0.18%, S&P down 0.16%, Nasdaq up 0.13% Dollar hits nearly three-week high Gold falls by more than 2% NEW YORK,......

Theater chain AMC to accept other cryptocurrencies along with bitcoin

Reuters
A representation of cryptocurrency Bitcoin is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Sept 16 (Reuters) – AMC Entertainment Holdings Inc (AMC.N) boss Adam Aron said the theater chain would accept ether, bitcoin cash and litecoin alongside bitcoin for ticket purchases, as cryptocurrencies gain acceptance among......

Asian shares fall again, dollar drifts

Reuters
A man wearing a protective face mask walks past a screen displaying a graph showing recent Nikkei share average outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan November 2, 2020. REUTERS/Issei Kato HONG KONG, Sept 16 (Reuters) – Asian shares gave up early gains to fall......

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