News
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COLUMN-Why China won't 'weaponize' its U.S. Treasuries stash: McGeever
By Jamie McGeeverORLANDO, Florida, April 29 (Reuters) - China's 'nuclear' option in its financial war with the United States has long been assumed to be rapidly liquidating its outsized Treasury bond holdings, as this could crash the dollar, jack up interest rates and disrupt the U.S. ec...Reuters
Tue, Apr 29
Phoenix Group Adds 52 Megawatts Of Bitcoin Mining Capacity In Ethiopia
April 29 (Reuters) - Phoenix Group PLC PHX.AD:PHOENIX GROUP ADDS 52 MEGAWATTS OF BITCOIN MINING CAPACITY IN ETHIOPIA, INCREASING TOTAL GLOBAL OPERATIONAL CAPACITY TO OVER 500 MEGAWATTSPHOENIX GROUP PLC - PHASE 2 TO ADD 32 MW BY END OF Q2 2025Reuters
Tue, Apr 29
American Tower beats quarterly revenue estimate on strong telecom infrastructure leasing demand
April 29 (Reuters) - Wireless infrastructure provider American Tower AMT.N on Tuesday beat the first-quarter revenue estimate, driven by steady demand for its leasing business.As competition heats up in the telecommunications market, wireless players in the United States are enhancing their 5G solut...Reuters
Tue, Apr 29
China's vice premier calls for calm response to external changes, Xinhua reports
BEIJING, April 29 (Reuters) - China's vice premier He Lifeng on Tuesday called on financial regulators and institutions to "calmly" analyse and respond to recent developments and changes in the external environment, state-run Xinhua reported.In a meeting in Shanghai, He called for the st...Reuters
Tue, Apr 29
Talanx set to beat consensus in Q1
By Scott VincentApril 29 - (The Insurer) - Talanx expects to report consolidated net income of 604 million euros ($687 million) when it publishes first-quarter results on May 15, the German holding company said on Tuesday.The result is ahead of the company-compiled analyst consensus of 467 million e...Reuters
Tue, Apr 29
FOREX-Dollar on track for biggest two-month fall in more than two decades
Dollar still weak as investors fret over Sino-U.S. trade warTrump set to reduce the impact of automotive tariffsYen to gain from widening rate gap as central banks cutBy Stefano Rebaudo April 29 (Reuters) - The dollar edged up on Tuesday but was on track for its biggest two-month fall in more...Reuters
Tue, Apr 29
RPT-COLUMN-US exit from IMF would be true dollar shock: Mike Dolan
By Mike Dolan LONDON, April 29 (Reuters) - The U.S. dollar has suffered its worst start to any year since 1989 as the Trump administration has put forward once unthinkable economic policies, unnerving global investors.But one proposed shift would be of a different order altogether: an exit by the...Reuters
Tue, Apr 29
ANALYSIS-China ramps up global yuan push, seizing on retreating dollar
China expands cross-border QR code networkSwap lines swell to record 4.3 trln yuanCross-border yuan payments hit record in March SHANGHAI/SINGAPORE, April 29 (Reuters) - As Chinese President Xi Jinping toured Southeast Asia this month to forge closer ties against higher U.S. tariffs, the Peop...Reuters
Tue, Apr 29
Sterling close to 38-month high versus dollar
By Stefano Rebaudo April 29 (Reuters) - Sterling edged lower versus the dollar but was close to its highest level in over three years as markets await U.S. economic data for direction after the sharp selloff in the greenback.The latest U.S. jobs report will be a key driver for markets, along with...Reuters
Tue, Apr 29
Yuan recovers from US tariff blow to hit one-month high
By Jiaxing Li HONG KONG, April 29 (Reuters) - China's yuan strengthened to a one-month high against the U.S. dollar on Tuesday, recouping all the losses inflicted by the Trump administration's latest round of tariffs as Beijing signalled a commitment to currency stability.The yuan CNY=CFX...Reuters
Tue, Apr 29
Dollar struggles to regain ground on US-China trade standoff
April 29 (Reuters) - The dollar recouped some of its losses on Tuesday, supported by reports that the U.S. administration may ease planned tariffs, although investor caution lingered over whether a meaningful de-escalation in the U.S.-China trade conflict was in motion.Reuters
Tue, Apr 29
