Financial stocks continue to gain from pandemic volatility
The coronavirus pandemic has sent vast waves of volatility through markets, and another surge in the first quarter has helped U.S. finance giants.
Sterling Slips after Reaching TwoWeek High Versus Dollar
LONDON, April 6 Reuters Sterling slipped on Tuesday as investors took some cash off the table after cable jumped to its highest point in more than two weeks as traders continued to bet on a speedy reopening of the British economy. Versus the dollar, sterling was 0.4 lower at 1.3854 at 0859 GMT, after earlier […]
Occidental Unit to Build LowCarbon BioEthylene Plant
Reuters Occidental Petroleums lowcarbon unit said on Tuesday it plans to construct and operate a pilot plant that would use humanmade carbon dioxide, instead of hydrocarbonsourced feedstocks, to produce bioethylene. The pilot plant will be jointly developed by Occidentals venture capital arm, Oxy Low Carbon Ventures LLC, and bioengineering startup, Cemvita Factory. It is expected […]
Euro Zone Bond Yields up in Wake of U.S. Jobs Data
AMSTERDAM, April 6 Reuters Euro zone bond yields edged up on Tuesday as markets reopened from the Easter holiday and caught up with betterthanexpected U.S. employment data released on Friday. Last weeks data showed the U.S. economy created the most jobs in seven months in March, beating expectations, as more Americans got vaccinated and the […]
Firm Paxos to Apply for Clearing Agency License
Reuters Cryptocurrency firm Paxos said on Tuesday it will apply for a formal clearing agency license from the U.S. Securities regulator following a pilot test in which Credit Suisse and Instinet used its platform for sameday trade settlements. Paxos said Credit Suisse and Instinet, the trading arm of investment bank Nomura Holdings Inc, settled U.S.listed […]
Big ECB Climate Change Role may be Step too Far Warns Wunsch
FRANKFURT Reuters A major role in tackling climate change may go beyond the European Central Banks mission and competence, Belgian policymaker Pierre Wunsch said, weighing in on a debate that could reshape Europes most powerful financial institution. The ECB is reviewing its role in fighting climate change, with options under consideration including the skewing of […]
Electricity, internet, Bitcoin, digitalization, Dollar dominance
Bitcoin adoption has become more sudden than gradual and is likely to accelerate, as we see it, underpinning its price for the foreseeable future and magnifying the dollar’s dominance as the reserve currency.