Risk of central bank hikes prompts investors to shun tech – surveys
High-flying tech stocks, the darling of the pandemic, are the most shunned counters in the opening weeks of 2022 as investors see a flurry of rate hikes from central banks as the top risk to markets, investor surveys said on Tuesday.
Britain to crack down on ‘misleading’ cryptocurrency adverts
Britain is to crack down on “misleading” advertisements for crypto assets which could harm consumers, the finance ministry said on Monday.
Major U.S. airlines warn 5G could ground some planes, wreak havoc
The chief executives of major U.S. passenger and cargo carriers on Monday warned of an impending “catastrophic” aviation crisis in less than 36 hours, when AT&T (T.N) and Verizon (VZ.N) are set to deploy new 5G service.
Winter storm slams U.S. East Coast, Canada, thousands of flights canceled
A major winter storm slammed much of the eastern United States with snow, ice and high winds on Sunday, causing widespread travel disruptions and power outages on a holiday weekend.
Analysis: Physical crude oil market steams ahead after Omicron blip
Frantic oil buying driven by supply outages and signs the Omicron variant won’t be as disruptive as feared has pushed some crude grades to multi-year highs, suggesting the rally in Brent futures could be sustained a while longer, traders said.
Oil steady as rising Libyan output offsets supply worries
Oil prices were steady on Monday, as investor bets that global supply will remain tight amid restraint by major producers were offset by a rise in Libyan output.
Japan finance minister vows stable JGB issuance via dialogue with markets
Japan will issue government bonds (JGBs) worth 215 trillion yen ($1.89 trillion) in the next fiscal year in a stable manner through dialogue with markets, its finance minister said on Monday, after stimulus to offset the impact of COVID-19 saw bonds worth 224 trillion yen issued this year.
Indonesia Dec trade surplus at $1 bln, well below forecast
Indonesia’s trade surplus narrowed more than expected in December to $1.02 billion, the lowest in 20 months, as a surge in exports driven by commodities slowedand imports hit a record high, official data showed on Monday.
Turkey’s Halkbank shares jump after U.S. prosecution put on hold
Turkey’s Halkbank shares climbed more than 8% on Monday after a U.S. appeals court put its prosecution by the federal government, for allegedly helping Iran evade American sanctions, on hold while the bank appeals to the U.S. Supreme Court.
Credit Suisse says its revamp intact despite chairman’s exit over COVID-19 breaches
Credit Suisse will stick to its strategic overhaul despite the abrupt departure of its mastermind Antonio Horta-Osorio following an internal probe into his personal conduct, including breaches of COVID-19 rules, the embattled bank’s new chairman said on Monday.
