Tag: FX

Florida Rep. Matt Gaetz sought a pardon from Trump before he left office. The New York Times reported that Gaetz wanted “blanket pre-emptive pardons for himself” and allies. The lawmaker is under federal investigation over whether he violated sex trafficking laws. See more stories on Insider’s business page. Rep. Matt Gaetz of Florida sought “blanket…

NEW YORK (Reuters) – Inflows into cryptocurrency funds and products hit a record $4.5 billion in the first quarter, suggesting increased institutional participation in the once-maligned sector, data from digital currency manager Coinshares showed on Tuesday.FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken…

* Canadian dollar weakens 0.3% against greenback * Loonie trades in a range of 1.2516 to 1.2575 * Price of U.S. oil rises 1.9% * Canadian bond yields ease across flatter curve TORONTO, April 6 (Reuters) – The Canadian dollar weakened against its U.S. counterpart on Tuesday, with the loonie pulling back from a two-week…

TOKYO (Reuters) – The dollar was largely steady on Monday as investors soaked up last week’s strong U.S. employment report and looked ahead to data on the U.S. services sector for affirmation of a solid economic rebound from the coronavirus shock.FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph in…

April 5 (Reuters) – Gold prices held steady on Monday, buoyed by concerns over inflation after U.S. President Joe Biden announced a $2 trillion-plus jobs plan last week, while a stronger dollar and elevated U.S. Treasury yields limited bullion’s upside. FUNDAMENTALS * Spot gold was flat at $1,728.60 per ounce, as of 0146 GMT. Gold…

SINGAPORE (Reuters) – Stung by the collapse of Asia’s top independent oil trading firm, some global banks have teamed up to seek the personal assets of the family behind Hin Leong Trading, which has left creditors on the hook for billions of dollars.FILE PHOTO: O.K. Lim, founder of oil trading group Hin Leong, speaks during…

BANGKOK, April 2 (Reuters) – Thailand’s central bank will begin testing use of its retail digital currency for the general public in the second quarter of next year before fully implementing it over the next 3-5 years, an assistant governor said on Friday.The retail central bank digital currency (retail CBDC) is aimed at providing access…

TOKYO (Reuters) – The dollar steadied on Friday ahead of data from the United States that is expected to show an increase in job creation and a lower unemployment rate for March, highlighting a steady recovery from the pandemic in the world’s largest economy.FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken…

LONDON (Reuters) – Liberty Steel owner Sanjeev Gupta said he had huge interest from financiers willing to refinance billions of dollars in debt owed to failed lender Greensill Capital and cautioned creditors against pulling the plug and destroying thousands of jobs.“Actually we have a huge amount of interest from new financiers who are willing to…

March 30 (Reuters) – Top asset manager BlackRock Inc on Tuesday will name Paul Bodnar as Global Head of Sustainable Investing, a company spokesman said, bringing in an outsider to develop new products and to integrate environmental, social and governance factors into its investment process.Bodnar has been chief strategy officer at the Rocky Mountain Institute,…