Crypto exchange Gemini trying to recover $900 million from crypto lender Genesis, Financial Times reports
Dec 3 (Reuters) – Crypto broker Genesis and its parent company Digital Currency Group (DCG) owe customers of the Winklevoss twins’ crypto exchange Gemini $900...
HSBC will have to share custody with JPMorgan of $52 bln in gold bars
LONDON, Dec 1 (Reuters) – JPMorgan (JPM.N) will join HSBC (HSBA.L) in storing bullion for the world’s biggest gold-backed exchange-traded fund (ETF), the fund’s operator...
Gold soars 2% as Fed rate hike slowdown prospects hit dollar
Gold highest since early August, futures surge over 3% Silver climbs more than 2% to highest since May Dollar drops to near four-month low Focus...
Consumer inflation in Japan’s capital rises at fastest pace in 40 years
Tokyo Nov core CPI up 3.6% vs f’cast +3.5% Tokyo CPI stays above BOJ’s 2% target for 6th straight month Data underscores broadening inflationary pressure...
Dollar hovers near three-month low amid bets Fed will slow hikes
LONDON, Nov 25 (Reuters) – The U.S. dollar edged up on Friday but stayed near a three-month low and on track for a weekly loss...
Nomura warns seven emerging economies face currency crisis danger
LONDON, Nov 22 (Reuters) – Nomura has warned that seven countries – Egypt, Romania, Sri Lanka, Turkey, Czech Republic, Pakistan and Hungary – are now...
Credit outlook darkens for non-financial companies, Moody’s says
Debt costs to increase as interest rates rise, hedges expire Lower purchasing power to hit demand in consumer-facing sectors Wage inflation to stay high, fuel...
Japan’s inflation hits 40-year high as BOJ sticks to easy policy
Japan CPI +3.6% yr/yr vs forecast +3.5%, highest since 1982 Bulk of price hikes due to cost-push inflation, unsustainable BOJ sees consumer inflation falling below...
Japan’s economy unexpectedly shrinks as hot inflation, global slowdown take toll
Japan Q3 GDP down 0.3% q/q, annualised down 1.2% High import costs, global recession risks heap pressure Weak yen magnifies living costs, adds to Tokyo’s...
Exclusive: Germany steps up emergency cash plans to cope in blackout
FRANKFURT, Nov 15 (Reuters) – German authorities are stepping up preparations for emergency cash deliveries in case of a blackout to keep the economy running,...