The world is rapidly going digital, and Ethereum appears as similar a threat to old-guard finance as Bitcoin is to gold.

May 5 Reuters Euro zone bond yields edged up on Wednesday as equity markets recovered from a sudden slump a day earlier that had sent yields on the safehaven assets falling sharply. Stock markets fell 0.5 on Tuesday in a matter of minutes and further afterwards, leaving traders perplexed as to what was behind the […]

LONDON, May 5 Reuters Sterling was unchanged against the dollar on Wednesday morning as a poll showed Scotlands main proindependence party was unlikely to win an outright majority in Thursdays election, a blow to its hopes for a referendum on separating from Britain. The Scottish National Party SNP wants a majority in the devolved parliament […]

JPMorgan staff to come back on a rotating basis, with 50% cap. Bank executives have agitated for a return to offices.

May 5 Reuters Gold prices edged lower on Wednesday as a stronger dollar and prospects of higher U.S. interest rates dampened the allure of the safehaven metal, while palladium held firm after scaling a record peak in the previous session. Spot gold was down 0.1 at 1,776.71 per ounce by 0711 GMT. U.S. gold futures […]

The FCA (Financial Conduct Authority) announcement on LIBOR cessation timelines in early March has provided much needed clarity to the market.

The dollar hit its highest in over two weeks on Wednesday, extending a rally as chatter about the possibility of higher U.S. interest rates and a selloff in tech stocks soured risk sentiment to the benefit of the safehaven currency. The dollars bounce on Tuesday put pressure on the euro, which dropped once again below […]

European stocks bounced back on Wednesday after a sharp selloff in the previous session, as surging commodity prices lifted mining stocks, while the earnings season kept its positive momentum, brightening the mood in the markets. The panEuropean STOXX 600 index rose 0.8 in early trading, with the German DAX jumping 0.9 and UKs FTSE 100 […]

HANOI, May 5 Reuters Copper prices rose past a key psychological level of 10,000 a tonne on Wednesday, buoyed by optimism about global economic recovery, but trading volume was tepid due to China market holidays. Threemonth copper on the London Metal Exchange rose as much as 0.6 to 10,030, its highest level since February 2011 […]

SYDNEY, May 5 Reuters The Australian and New Zealand dollars regained some altitude on Wednesday as surprising strength in local economic data suggested the United States was not the only country where upward pressure on interest rates was mounting. The Aussie edged up to 0.7734, after touching a threeweek low of 0.7675 overnight when the […]