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

Binance CEO Zhao says don’t fight cryptocurrencies, regulate them

Binance CEO Zhao says don't fight cryptocurrencies, regulate them

ATHENS, Nov 25 (Reuters) – Binance CEO Changpeng Zhao said on Friday that regulation rather than opposition of the cryptocurrency industry is a better option for world governments as digital currencies become more mainstream. . Cryptocurrency regulation has come under fire following the collapse of several platforms, which culminated in the crash of the FTX … 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

Cryptoverse: Let’s talk DEX, baby

Cryptoverse: Let's talk DEX, baby

Nov 22nd (Reuters) – As the cryptocurrency castle crumbles, some true believers say the answer is to double the DEX. Decentralized exchanges, that is. The spectacular collapse of Sam Bankman-Fried’s FTX, a major centralized cryptocurrency exchange, has unleashed a wave of calls for more regulation from traditional bankers and investors. Conversely, some cryptocurrency players are … Read more

Europe wants all the Russian diesel it can get this winter | Energy crisis in Europe – Firstpost

Europe wants all the Russian diesel it can get this winter |  Energy crisis in Europe - Firstpost

Europe wants all the Russian diesel it can get this winter | Energy crisis in EuropeFirst postSee full coverage on Google News .

Because LNG spot prices don’t reflect increased demand

LNG Spot Prices

In the past and under normal circumstances, spot LNG has experienced ups and downs in demand and prices based mainly on seasonal peaks for summer and winter in the major Northern Hemisphere markets of Europe and North Asia. However, the current LNG market has continued to challenge these conventions, with the spot price significantly lowering … Read more

Tesla electric vehicles ranked among the worst in Consumer Reports’ annual reliability survey

Tesla electric vehicles ranked among the worst in Consumer Reports' annual reliability survey

Nov 15 (Reuters) – (This Nov. 15 story corrects the headline to say Tesla electric vehicles are ranked “among the worst,” not “the worst.” The story was previously corrected to remove the Mercedes reference in the headline and in paragraph 1, full-size choice- trucks in paragraph 1) Electric vehicles (EVs) from Tesla Inc (TSLA.O) and … Read more

Europe could see forced deindustrialization as a result of the energy crisis

Industries

The European Union silently celebrated a substantial drop in gas and electricity consumption this year amid record prices, a cut in much of the Russian gas supply and a liquidity crisis in the energy market. However, the reason for the celebration is dubious: companies aren’t just limiting their energy consumption and continuing to work as … Read more