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Japan intervenes to stop yen slide, after BOJ holds rates super low

BOJ keeps ultra-low rates, dovish policy guidanceJapan’s FX diplomat said took ‘decisive’ actionConfirmation of intervention sends dollar sliding over 2%Analysts doubt whether Tokyo can keep propping up yenBank of Canada says did not help BOJTOKYO, Sept 22 (Reuters) – Japan intervened in the foreign exchange market on Thursday to buy yen for the first time …

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Dollar soars to two-decade high as Putin shakes FX market ahead of Fed

Register now for FREE unlimited access to Reuters.comRegisterDollar index at two-decade highEuro slides back toward two-decade lowsPutin announces partial troop mobilization for UkraineMarkets gauging Fed hawkishness in Powell briefingLONDON/NEW YORK, Sept 21 (Reuters) – The dollar surged to a new two-decade high on Wednesday just ahead of another expected aggressive Federal Reserve interest rate hike, …

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European stocks extend losses as slowdown warnings weigh

Register now for FREE unlimited access to Reuters.comRegisterLONDON, Sept 16 (Reuters) – European stocks dipped on Friday and Europe’s benchmark German 10-year bond yield hit its highest since mid-June as investors braced for a U.S. rate hike while warnings from the World Bank and the International Monetary Fund fanned fears of a slowdown.The World Bank’s …

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European shares, euro jump on Ukrainian advances in northeast

Register now for FREE unlimited access to Reuters.comRegisterLONDON, Sept 12 (Reuters) – European shares jumped on Monday after Ukrainian forces made a rapid advance in Kharkiv province in Russia’s worst setback since its Kyiv push was abandoned in March, while the euro extended on last week’s European Central Bank inspired gains.On Saturday, Moscow abandoned its …

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Explainer: Understanding Ethereum’s major ‘Merge’ upgrade

A representations of cryptocurrency Ethereum is seen in front of a stock graph and U.S. dollar in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterSept 9 (Reuters) – Ethereum, the blockchain that underpins the world’s second-largest crypto token ether, will soon undergo a major software upgrade that …

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Oil prices drop; stocks gain as Treasury yields ease

Register now for FREE unlimited access to Reuters.comRegisterU.S. stocks higher in early tradingOil prices sinkBenchmark Treasury yields easeNEW YORK, Sept 7 (Reuters) – Oil prices fell sharply on Wednesday amid demand worries, while Wall Street stocks edged higher after recent losses.Brent crude futures touched their lowest since early February. Earlier, data showed China’s export growth …

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EU gas price rockets higher after Russia halts Nord Stream flows

Pipes at the landfall facilities of the ‘Nord Stream 1′ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterEuropean gas price up about 400% on a year agoEU states have triggered emergency gas plansDisruptions hinder EU efforts to fill up storageRussia says sanctions hinder …

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Credit Suisse looking at cutting around 5,000 jobs -source

A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis BalibouseRegister now for FREE unlimited access to Reuters.comRegisterZURICH, Sept 2 (Reuters) – Credit Suisse (CSGN.S) is considering cutting around 5,000 jobs, about one position in 10, as part of a cost reduction drive at Switzerland’s second-biggest bank, a source …

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Bluebird’s $2.8 million gene therapy becomes most expensive drug after U.S. approval

Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. REUTERS/Andrew Kelly/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterAug 17 (Reuters) – The U.S. Food and Drug Administration on Wednesday approved bluebird bio’s (BLUE.O) gene therapy for patients with a rare disorder requiring regular …

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