Author Archives: Syndicated Content
Congo mines minister seeks to cancel artisanal cobalt monopoly
By Helen Reid CAPE TOWN (Reuters) - Democratic Republic of Congo Mines Minister Antoinette N'Samba Kalambayi is seeking to cancel a decree granting Entreprise Generale du Cobalt (EGC) a monopoly over ...
May 11, 2022
Dollar-pegged stablecoin TerraUSD falls to 30 cents
HONG KONG (Reuters) - Stablecoin TerraUSD, a digital token that is meant to be pegged 1:1 to the U.S. dollar, dropped to 30 cents on Wednesday, as traders waited for a recovery plan promised by its fo...
May 11, 2022
After Philippines election triumph, Marcos visits dictator father’s grave
By Enrico Dela Cruz MANILA (Reuters) - Ferdinand Marcos Jr. went to the grave of his father, the disgraced Philippines dictator, the day after winning the presidential election, a visit that underscor...
May 11, 2022
ECB’s Lagarde cements expectations for upcoming rate hike
LJUBLJANA (Reuters) -The European Central Bank is likely to end its bond-buying stimulus programme early in the third quarter of this year, followed by a rate hike that could come just "a few weeks" l...
May 11, 2022
Allianz sets aside another $2 billion over fund debacle
By Tom Sims and Alexander Hbner FRANKFURT (Reuters) -Germany's Allianz said on Wednesday it would set aside another 1.9 billion euros ($2 billion) as it braces for the outcome of U.S. regulatory inves...
May 11, 2022
Beijing city reports 56 new local COVID cases over past 24 hours – health official
BEIJING (Reuters) - Beijing city reported 56 new local COVID cases during the past 24 hours, a disease control official there said on Wednesday. The city had reported a total of 892 local COVID cases ...
May 11, 2022
Factbox: How PBOC might respond to China’s weakening yuan
(Reuters) - The yuan's 5% fall against the dollar in the last three weeks has raised speculation over when and how the People's Bank of China (PBOC) might act to slow its depreciation. Even against a ...
May 11, 2022
Norway to ramp up offshore wind in drive to go green
By Nora Buli OSLO (Reuters) - Norway unveiled plans on Wednesday for a major expansion in offshore wind energy by 2040, aiming to turn a country that has built its wealth on oil and gas into an export...
May 11, 2022
Gold recovers as dollar, yields dip; key U.S. data in focus
By Bharat Gautam (Reuters) - Gold prices clawed back from a three-month low on Wednesday as the dollar and Treasury yields weakened, ahead of key U.S. monthly inflation data that could influence the F...
May 11, 2022
Factbox-Latest on the worldwide spread of the coronavirus
(Reuters) - Shanghai officials said on Wednesday half the city had achieved "zero-COVID" status, but uncompromising restrictions had to remain in place under a national policy which the head of the Wo...
May 11, 2022
