Sudden crypto drop sends bitcoin to three-week low

Sudden crypto drop sends bitcoin to three-week low

Representations of cryptocurrencies can be seen in this illustration, Aug 10, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Aug. 19 (Reuters) – Cryptocurrencies fell sharply on Friday, with sudden sales dragging bitcoin to a three-week low. Bitcoin dropped a whopping 7.7% to $21,404, around 0640 GMT, in a matter … Read more

Musk targets ad tech companies in Twitter deal over takeover deal

Elon Musk’s photo, Twitter logos, and US dollar bills can be seen in this illustration, Aug. 10, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 18 (Reuters) – Billionaire entrepreneur Elon Musk, who is trying to walk away from his deal to acquire Twitter Inc (TWTR.N), is seeking documents from … Read more

Wall St ends higher, Cisco Systems jumps after forecast

Investors Still Judging Wednesday’s Fed Minutes Kohl’s slashes 2022 predictions Indices: Dow up 0.1%, S&P 500 up 0.2%, Nasdaq up 0.2% NEW YORK, Aug. 18 (Reuters) – US stocks closed higher on Thursday as an optimistic sales forecast from Cisco Systems helped lift the technology sector, while data showed the economy remained relatively strong. Investors … Read more

Column: US steps in EV accelerator to break Chinese metal ties: Andy Home

LONDON, Aug. 16 (Reuters) – The Inflation Reduction Act (IRA) includes the “largest investment ever in combating the existential crisis of climate change,” said President Joe Biden, who will sign the bill later on Tuesday. About $369 billion in federal funds will flow into climate change and energy security, increasing domestic capacity to produce wind … Read more

Exclusive: Tencent plans to divest its $24 billion stake in Meituan

Tencent wants to start selling Meituan shares this year – sources Sales tries to please regulators, monetize 8-year-old gambling resources Selling Shares Will Likely Be Done As Block Trading – Resources Move Comes Following Tencent’s Divestment of JD.com, SEA Holdings Meituan shares sink 10%; Restoring Tencent Shares HONG KONG, Aug. 16 (Reuters) – China’s Tencent … Read more

Cryptoverse: Electric Ether Jumps on the Brink of Merging

Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into the water in this illustration, taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 16 (Reuters) – It looks like the ethereum mega upgrade is happening. Finally. After years of delays, the “Merge” seems almost certain to take place … Read more

NYSE Delisting Signal Indicates Beijing May Be Willing To Compromise Over US Audit Disputes Analysts

A trader walks on the floor of the New York Stock Exchange (NYSE) in New York City, USA June 14, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug. 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) indicates … Read more

Five Chinese state-owned companies to be removed from NYSE

SHANGHAI/HONG KONG, Aug. 12 (Reuters) – Five Chinese state-owned companies, including China Life Insurance (601628.SS) and oil giant Sinopec (600028.SS) said Friday they would delist the New York stock exchange amid heightened diplomatic and economic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and Sinopec … Read more

South Korea’s Yoon Pardons Samsung’s Jay Y. Lee to Fight ‘Economic Crisis’

Samsung heir was jailed for 18 months for bribery Businessmen convicted in scandal that fell a president S.Korea says leaders needed to help overcome economic crisis Samsung may increase investment with Lee grace – analysts SEOUL, Aug 12 (Reuters) – South Korea’s President Yoon Suk-yeol pardoned Samsung Electronics (005930.KS) Vice Chairman Jay Y. Lee on … Read more

Robinhood Must Face US Market Manipulation Claims Over ‘Meme Stock’ Rally, Rules of Judgment

The Robinhood Markets, Inc. logo. can be seen at a pop-up event on Wall Street following the company’s IPO in New York City, US, July 29, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Aug 11 (Reuters) – Stock trading platform Robinhood Markets Inc (HOOD.O) must face claims of market manipulation … Read more