By Tom Westbrook, Rae Wee and Hannah Lang SINGAPORE/WASHINGTON (Reuters) – Bitcoin was hovering near its highest so far this year on Friday after crypto investors took encouragement from a legal[...]
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Asia
Blockchain.com CEO says US default would hit crypto initially
By Andrew Mills DOHA (Reuters) – A U.S. government default would trigger an initial pull-back from crypto currencies followed by a “push upward” the CEO of London-based crypto firm B[...]
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Former PwC Australia CEO to retire as partner after tax documents leak scandal
By Alasdair Pal SYDNEY (Reuters) – PricewaterhouseCoopers (PwC) said the former CEO of its Australia business, who stepped down just last week, will retire from the firm, while the auditor also[...]
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Investors cut cash holdings as market focus shifts to inflation
By Lucy Raitano LONDON (Reuters) – Investors cut their cash holdings for the first time in eight weeks in the week to Wednesday, while shedding equities and gold, according to a report from BofA[...]
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Chinese households turn to jewellery and gold in flight to safety
By Winni Zhou and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – Violet Zhu, a Shanghai-based electronic components exporter, has been attending jewellery auctions and chatting on social media for[...]
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Singapore wealth group denies report of directive to keep quiet on China-linked fund inflows
SINGAPORE (Reuters) – A private banking industry group in Singapore on Friday denied a media report that the city state had asked global banks to keep quiet on wealth inflows coming from China o[...]
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Investors put $538 billion into cash funds over eight weeks – BofA
By Harry Robertson LONDON (Reuters) – Investors have moved $538 billion into cash funds over the past eight weeks as they pulled money out of bank deposits after the collapse of Silicon Valley B[...]
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Don’t hold your breath – banking crises last years: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -The most extraordinary outcome of the March banking shock would be if the problem dissipated quickly. Many people hope the crisis of confidence infecting[...]
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Explainer-Why markets are in uproar over a risky bank bond known as AT1
LONDON (Reuters) – Financial markets have been thrown a fresh curve ball by the decision to write down 16 billion Swiss francs ($17.5 billion) of Credit Suisse bonds, known as Additional Tier 1[...]
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