Morning Offering: China Rise, Rates Shift, Crypto Crisis

Morning Offering: China Rise, Rates Shift, Crypto Crisis

LONDON, November 29 – A look at the day ahead in the US and global markets from Mike Dolan. While Beijing’s moves to defuse tensions over its handling of COVID-19 have stabilized local and world markets, Western central bankers have received far less relief and angst about the global recession persists. Chinese stocks and the … Read more

Bitfront cryptocurrency exchange shuts down

Cryptoverse: Let's talk DEX, baby

Nov 28 (Reuters) – Bitfront, a US cryptocurrency exchange backed by Japanese social media firm Line Corp, said it had suspended new sign-ups and credit card payments and would cease operations in a few months, despite efforts to overcome the challenges in the rapidly changing industry. “However, despite our best efforts…we have regretfully decided that … Read more

Mobile operator Veon to sell Russian assets worth around $2 billion

Mobile operator Veon to sell Russian assets worth around $2 billion

This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 24 (Reuters) – Amsterdam-listed mobile operator Veon (VON.AS) said on Thursday it would sell its Russian business, Vimpelcom, to senior members of its management team, led by CEO Aleksander Torbakhov, to 130 billion rubles ($2.15 billion). … Read more

Younger Chinese are turning down the factory jobs that fuel the economy

Younger Chinese are turning down the factory jobs that fuel the economy

SHENZHEN, Nov 21 (Reuters) – Growing up in a Chinese village, Julian Zhu saw his father only a few times a year when he returned for holidays from his grueling job at a textile factory in the southern province of Guangdong. For his father’s generation, factory work was a lifeline from rural poverty. For Zhu, … Read more