Business

Published by Reuters By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s new home prices stalled for the first time since February 2020 in September, as the chill in the property market intensified amid tightening credit due to an ongoing crackdown on speculative investment. The average new home price in 70 major Chinese cities […]

Published by Reuters By Samuel Shen and Andrew Galbraith SHANGHAI (Reuters) – Cryptocurrency exchanges and providers of crypto services are scrambling to sever business ties with mainland Chinese clients, after Beijing last Friday issued a blanket ban on all crypto trading and mining. In a culmination of years of efforts to rein in the sector,

Published by Reuters By Sayantani Ghosh and Anirudh Saligrama (Reuters) – U.S. payments giant PayPal Holdings Inc said it would acquire Japanese buy now, pay later (BNPL) firm Paidy in a $2.7 billion largely cash deal, taking another step to claim the top spot in an industry experiencing a pandemic-led boom. The deal tracks rival

Published by Reuters By Dhara Ranasinghe LONDON (Reuters) – World stocks hovered around record highs on Monday, confident the U.S. Federal Reserve is no rush to step away from massive stimulus, while oil prices fell as Hurricane Ida weakened after forcing precautionary shutdowns of U.S. Gulf oil production. Major European bourses were broadly steady, as

Published by DPA Those involved in organized crime can’t afford to fall behind the times, especially when it comes to raking in cash. So cryptocurrency is not only an issue for people who are involved in technology and finance, but also for those trying to either sustain or break up criminal networks. More and more,

Published by Reuters By Yuka Obayashi TOKYO (Reuters) – Oil prices fell for a sixth day, the longest losing streak since February 2020, as a spike in COVID-19 cases worldwide fuelled fears over slower fuel demand while a surprise build in U.S. gasoline inventories added to pressure. Brent crude was down 87 cents, or 1.3%,

Published by Reuters By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy likely gained steam in the second quarter, with the pace of growth probably the second fastest in 38 years, as massive government aid and vaccinations against COVID-19 fueled spending on travel-related services. The anticipated acceleration in gross domestic product last quarter would lift

Published by Reuters By Hideyuki Sano TOKYO (Reuters) – Asian shares headed lower on Friday as profit-taking in Taiwanese chip giant TSMC, despite record profits, weighed on other tech firms and broader risk sentiment, while a more dovish U.S. rates outlook kept bond yields near multi-month lows. The lead for Europe was mixed with futures