Page 885 - Reuters

Crypto exchange Coinbase to cut 1,100 jobs amid turmoil in crypto markets

The layoffs come a day after Bitcoin fell as much as 14% after major US cryptocurrency lending company Celsius Network froze withdrawals and transfers

OPEC keeps forecast for 2022 oil demand to exceed pre-Covid levels

OPEC leaves 2022 oil demand growth forecast at 3.36 mbpd, cuts 2022 Russian output forecast, leaves US shale steady

Tesla India policy exec quits after company puts entry plan on hold: Report

Manuj Khurana, policy and business development executive at Tesla in India, was hired in March 2021 and played a key role in forming a domestic market-entry plan for the US carmaker in the country

El Salvador's bitcoin holdings value slashed in half by crypto sell-off

The 10 purchases announced by President Nayib Bukele via Twitter have a market value of just over $51 mn, with the biggest single trade - 420 coins at more than $59,000 per coin - down almost 63%

Wall Street slips heading into Fed's big rate decision; FedEx, Oracle rise

FedEx jumps after lifting quarterly dividend by more than 50%; Oracle rises as sales, profit top estimates on cloud boom; Continental Resources jumps on buyout proposal from founder

Bitcoin stems heavy losses but pessimism reigns in crypto markets

Bitcoin clawed its way to positive territory after falling as much as 7.3% to $20,816, its lowest since Dec 2020

Gold ticks up as dollar rally pauses, Fed rate hike bets curb gains

Spot gold rose 0.3% to $1,823.49 per ounce by 0932 GMT, after falling to its lowest since May 19 at $1,810.90 earlier in the session.

OPEC delegates see global oil demand growth slowing in 2023: Report

High crude prices have eaten into growth projections for 2022 and fed into expectations for slower growth in 2023.

US Treasury bonds storm eases slightly but bear market still on prowl

US Treasury bonds have stormed world markets until recently. They have now eased up a bit with other commodities finding ground. Bear market meanwhile is still prowling

Oil prices rise as tight supply counters China Covid, recession worries

Oil prices rose on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh Covid-19 curbs in China

India's palm oil imports in May drop 10% as Indonesia curbs exports

India imported 514,022 tonnes of palm oil in May, down from 572,508 tonnes in April

Cryptoverse: The funds making moolah from the messy markets amid inflation

The crypto market's a hot mess, leaving many investors struggling to turn a buck

Asian stocks slide as recession fears send Wall St into bear market

Asian shares tumbled on Tuesday after Wall Street officially entered bear market territory and bond yields hit a two-decade high

Oil bounces around as tight supply offsets China, recession fears

Oil prices seesawed in positive and negative territory, holding up despite recession fears and potential new Covid-19 curbs in China that could dampen demand as the market remains tightly supplied

WTO nears food security pledges; India, Egypt, Sri Lanka hold out

WTO members sought to forge agreements on food security to ease strained supply and sharply higher prices that the war in Ukraine have worsened with only India, Egypt and Sri Lanka withholding support

US equities tumble, S&P 500 confirms bear market as recession worry grows

US equities tumbled on Monday, with the S&P 500 confirming it is in a bear market, as fears grow that the expected aggressive Fed rate hikes would push the economy into a recession

Amazon offers to share data, boost rivals to dodge EU fines: Report

The world's largest online retailer is hoping its concessions will stave off a potential European Union fine that could be as much as 10% of its global turnover

EU antitrust probe: Google offers to let ad rivals place YouTube ads

The EU competition watchdog singled out Google's requirement that advertisers use its Ad Manager to display ads on YouTube and potential restrictions on the way in which rivals serve ads on YouTube

Malaysian firms forgoing billions in sales amid migrant labour shortage

Manufacturers, who make up nearly one-fourth of the economy, fear losing customers to other countries as growth picks up

Bitcoin dips 17% to below $23,000; Celsius freezes all withdrawals

Crypto market cap falls below $1 trn for first time since early 2021