Here Come the Crypto Rules

Making the case for stablecoins Financial regulators are racing to regulate stablecoins. These digital currencies pegged to a stable asset like the dollar are used in crypto trading, banking and decentralized finance, addressing the problem of price volatility that plagues Bitcoin and others. Stablecoins have become an important bridge between digital currencies and the traditional financial system. But despite their […]

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Dollar hovers above one-week low as Evergrande questions persist

LONDON (Reuters) – The dollar hovered above a one-week low versus major peers on Friday, taking a breather after its biggest drop in almost a month overnight, as questions lingered about the fate of property developer China Evergrande Group.FILE PHOTO: U.S. dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis Gonzalez/Illustration/File PhotoThe yen fell to […]

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European stocks slip on Evergrande woes, weak German business morale

(Reuters) -European stocks fell on Friday as worries about troubled property developer China Evergrande and weak German business confidence data prompted investors to book some profit after a mid-week rally.The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 23, 2021. REUTERS/StaffEuropean sportswear makers Adidas, Puma and JD Sports fell about 3% each […]

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European stocks slip on Evergrande woes, weak German business morale

(Reuters) -European stocks fell on Friday as worries about troubled property developer China Evergrande and weak German business confidence data prompted investors to book some profit after a mid-week rally.The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 23, 2021. REUTERS/StaffEuropean sportswear makers Adidas, Puma and JD Sports fell about 3% each […]

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Hong Kong tycoon Richard Li's FWD makes U.S. IPO filing public

(Reuters) – Insurance company FWD Group Holdings Ltd, owned by Hong Kong billionaire Richard Li, made its filing for a stock market listing in the United States public on Thursday, revealing a jump in revenue last year.FILE PHOTO: Richard Li, Hong Kong businessman and younger son of tycoon Li Ka-shing, waves as he arrives to vote during the election for […]

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Covid 19 Delta outbreak: Cathay Pacific makes it to 75 years

Cathay Pacific is the latest airline to mark a significant milestone in the midst of the pandemic which has wiped out years of growth and profit. The Hong Kong-based carrier, which it grew from a one-plane freight operator to a major international airline with a big reputation for laying on luxury for premium passengers and as of June, a fleet […]

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