Speedy vaccine rollout lifts hopes for U.K. recovery
The U.K.’s economic prospects are brightening and the pound sterling has been rallying as the nation continues a fast and comparatively successful rollout of its vaccine program.
Europe Must Play Catchup, U.S. Economy Readies for Takeoff
Struggling to get its vaccine campaign and economic recovery plan in gear, Europe can only watch with envy the stratospheric growth path projected for the stimulusfueled U.S. economy. But officials and economists caution against direct comparisons between the two, noting that much of the divergence masks inbuilt support that European workers and businesses get from […]
Hype over U.S. crypto ETF approval fuels Bitcoin inflows
Assets at cryptocurrency funds are approaching $40 billion, with almost $1 billion of inflows coming from exchange-traded securities this year.
From automation to regulation: 2021 opportunities on the sell side
The pandemic dominated headlines, upended daily life and changed the way sell-side firms work. Get unique insights into key trends and opportunities in 2021 with this new sell side report.
Oil Extend Losses Amid Gloomy Demand Outlook
Oil prices fell on Friday for a sixth day in a row, down nearly 9 for the week, as a new wave of COVID19 infections in particular across Europe spurred fresh lockdowns and dampened hopes for an imminent recovery in fuel demand. U.S. West Texas Intermediate WTI crude fell 4 cents, or 0.07, to 59.96 […]
Copper Falls as Dollar Firms on Higher U.S. Yields
HANOI, March 19 Reuters Copper prices fell on Friday as the dollar firmed on the back of rising U.S. Treasury yields, making greenbackpriced metals more expensive for holders of other currencies. Threemonth copper on the London Metal Exchange was down 0.9 to 8,973.50 a tonne by 0542 GMT, while the mosttraded May copper contract on […]
FINMA says UBS, CS Group Improve Emergency Planning
ZURICH, March 19 Reuters Big Swiss banks UBS and Credit Suisse have strengthened plans for how they would stabilize themselves in a financial crisis, Swiss financial markets watchdog FINMA said on Friday, though it said there is still work to be done. FINMA continues to regard the Swiss emergency plans of the global systemically important […]
Japans Nikkei Dips on BOJs ETF purchase plan
TOKYO, March 19 Reuters Japans benchmark Nikkei index fell while the broader Topix hit a 30year high, as the Bank of Japan BOJ said it would only buy Topixlinked exchange traded funds after a review of its policy framework. The Nikkei share average closed 1.41 lower at 29,792.05, while the broader Topix inched up 0.18 […]
Autonomous Driving Startup Momenta Raises 500M from SAIC
BEIJING Reuters Chinese autonomous driving startup Momenta said on Friday it has received 500 million from SAIC Motor, Toyota Motor and auto parts supplier Bosch, as the global auto industry pursues the autonomous future. Other investors in the funding round include Daimler AG, Temasek, Yunfeng Capital and Tencent, Momenta said in a statement. It did […]
BOJ Widens Band Around LongTerm Rate Target
TOKYO, March 19 Reuters The Bank of Japan on Friday widened the band at which it allows longterm interest rates to move around its target, as part of a raft of measures to make its ultraeasy policy more sustainable amid a prolonged battle to fire up inflation. As widely expected, the BOJ kept intact its […]