Analysis-US stock settlement switch faces early resilience test
By Laura Matthews and Sinead Cruise NEW YORK/LONDON (Reuters) - Participants in the United States' multitrillion-dollar securities markets face an early test of their ability to cope with regulatory reforms to speed up trade settlement, as a major ...
5h ago
Venture capital investment in crypto picks up after long decline
By Elizabeth Howcroft LONDON (Reuters) - Global venture capital investment in crypto companies rose to $2.4 billion in the first three months of 2024, data showed on Monday, in a tentative sign that investor interest is returning. Crypto venture ca...
5h ago
Venture capital funding in crypto rises to $2.4 billion, Pitchbook says
By Medha Singh (Reuters) - Crypto startup funding rose for a second straight quarter to hit $2.4 billion in the first three months of 2024, Pitchbook data showed, as expectations of lower interest rates and the debut of the first U.S. bitcoin spot ...
6h ago
Indonesia minister says Musk to consider offer to build EV battery plant in country
By Stefanno Sulaiman DENPASAR, Indonesia (Reuters) -Indonesia's coordinating minister of investment said that Elon Musk will consider an offer to build an electric vehicle battery plant in the country, after the CEO of Tesla met with President Joko Wid...
6h ago
Morning Bid: Metals zoom as investors wait on rates
A look at the day ahead in European and global markets from Tom Westbrook Copper and gold made record highs in Asia trade on Monday and silver surged over $30. The breakout gains were all the more noteworthy while bonds and currencies settled into rang...
6h ago
Thailand trims 2024 growth forecast despite strong Q1, as weak exports weigh
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) - Thailand trimmed its economic growth forecast for 2024 on Monday despite a better-than-expected expansion in the January-March quarter, saying exports were projected to increase at a ...
6h ago
China's exports to North Korea swing to growth in April
BEIJING (Reuters) - China's exports to North Korea in April rose at a marginal pace from a year earlier, reversing an annual decline in March, customs data showed on Monday, as Pyongyang affirmed its position to develop long-standing ties with Chin...
6h ago
Vietnam Deputy PM: economy facing mounting pressure
HANOI (Reuters) - Vietnam's economy is facing mounting pressure and the government will maintain policies that support growth, Deputy Prime Minister Le Minh Khai said on Monday. Khai said inflation is on the rise while credit growth remains weak, a...
8h ago
Most Chinese developers' shares fall despite latest support measures
HONG KONG (Reuters) - Shares of most major Chinese developers fell on Monday even after China announced "historic" steps to stabilise its crisis-hit property sector. Hong Kong's Hang Seng Mainland Properties Index dropped more than 2%, having gaine...
8h ago
China commerce ministry bans some US firms from import, export activities
BEIJING (Reuters) - China's Commerce Ministry said on Monday that it will prohibit some U.S. firms from importing and exporting activities related to China, including one selling arms to Taiwan, and forbid them from making new investments in China....
8h ago