Coinbase listing marks latest step in crypto’s march to the mainstream
LONDON (Reuters) – Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, will list on the Nasdaq on Wednesday, marking a milestone in the journey of virtual currencies from niche technology to mainstream asset.
Grab agrees world’s biggest SPAC merger, valued at $40 billion
SINGAPORE (Reuters) -Southeast Asia’s biggest ride-hailing and food delivery firm, Grab Holdings, agreed a merger on Tuesday with U.S.-based Altimeter Growth Corp in a deal that gives Grab an initial proforma equity value of about $39.6 billion and will lead to a public listing.
Analysis – A tale of two tapers: This time is different for a Fed focused on jobs
WASHINGTON/SAN FRANCISCO (Reuters) – Eight years ago this month Jerome Powell, still in his rookie year as a Federal Reserve governor, surveyed the U.S. job market and declared it was good enough for the central bank to reduce the support for the economy it had rolled out to fight the 2007 to 2009 financial crisis.
Middle Eastern stability as risk as Jordan’s monarchy experiences malicious drama
The US government, under Biden’s administration, has stepped in to address the ongoing drama within Jordan’s royal family that the government has labled as a “malicious plot” questioning the king’s administration. As a global reliable ally, Jordan’s monarchy has been the US government’s asset as it is geographically surrounded by unstable zones like Saudi Arabia, Israel, Syria and Iraq.
Analysis: With quick fixes, Biden’s agencies reverse Trump’s Wall Street-friendly rules
WASHINGTON (Reuters) – U.S. President Joe Biden’s interim regulators are wasting no time unraveling Wall Street-friendly measures introduced under former Republican President Donald Trump, using quick-fix legal tactics. They have spiked or stalled more than a dozen contentious Trump-era measures that critics said eroded consumer protections, weakened enforcement, and curbed investors’ ability to push for […]
Dollar bounce loses steam; AstraZeneca worries dent sterling
SINGAPORE (Reuters) – The dollar advanced slightly on Friday but was headed for its softest week of the year as strong data in Europe, surprisingly weak U.S. jobs figures and a determinedly accommodative Federal Reserve have prompted investors to trim bets on the greenback. The euro and yen are also poised for their largest weekly […]
Apple to argue it faces competition in video game market in Epic lawsuit
(Reuters) – Apple Inc said it plans to argue that it faces abundant competition in the market for video game transactions to defend itself against antitrust allegations by “Fortnite” maker Epic Games, the iPhone maker said on Thursday. Epic sued Apple last year in federal court in California, alleging the 15% to 30% commissions that […]
SoftBank to lead nearly $1.2 billion investment in diagnostics firm Invitae
(Reuters) -Invitae Corp said on Monday a group of investors including SoftBank Group Corp will invest $1.15 billion in the U.S. genetic diagnostics company. It said the investment, to be used for its growth initiatives, will be in convertible senior notes, which will bear 1.5% interest per year. The company said the notes will have […]
Exclusive: South Korea steel giant POSCO weighs how to exit Myanmar military-backed venture – sources
SEOUL (Reuters) – Giant South Korea steelmaker POSCO has begun reviewing how it might end a joint venture with a firm controlled by the military in Myanmar in the wake of the coup there in February, two people with first-hand knowledge of the matter told Reuters.
U.S. says 165 million doses of COVID-19 vaccine been administered so far
(Reuters) – The United States has administered more than 165 million doses of COVID-19 vaccines in the country as of Sunday morning and distributed nearly 208 million, the U.S. Centers for Disease Control and Prevention (CDC) said on Sunday. That is up from the 161,688,422 vaccine doses the CDC said had gone into arms by […]
