Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
MicroStrategy says it has not received a margin call against loan
SINGAPORE (Reuters) - Software firm MicroStrategy said it has not received a margin call against its bitcoin-backed borrowing on Wednesday, and it has plenty of extra collateral to pledge if necessary...
Jun 14, 2022
Dollar towers over peers as markets bet on large Fed rate hike
By Alun John HONG KONG (Reuters) - The dollar held near its overnight 20-year peak on Wednesday ahead of the outcome of the Federal Reserve policy meeting at which markets are pricing in an outsized 7...
Jun 14, 2022
S.Korea truckers return to work after strike ends; shares in companies rise
By Byungwook Kim and Heekyong Yang SEOUL (Reuters) - South Korea's unionised truckers were getting back on the road on Wednesday after the union and the transport ministry reached a tentative late-nig...
Jun 14, 2022
Celsius hires lawyers to restructure business after freezing withdrawals – WSJ
(Reuters) - Crypto lender Celsius Network LLC has hired restructuring attorneys from law firm Akin Gump Strauss Hauer & Feld LLP to advise on possible solutions for its mounting financial problems, th...
Jun 14, 2022
Australian consumers in a dark mood as inflation, rates bite
SYDNEY (Reuters) - A measure of Australian consumer sentiment slid for a seventh straight month to match pandemic lows in June amid an outsized rise in interest rates and surging inflation. The Westpa...
Jun 14, 2022
Oil prices slip ahead of expected U.S. Fed interest rate hike
By Laura Sanicola (Reuters) - Oil prices dropped on Wednesday on worries over fuel demand ahead of a U.S. Federal Reserve meeting which is expected to see the central bank to hike rates by at least 75...
Jun 14, 2022
Australia’s minimum wage to rise 5.2%
SYDNEY (Reuters) - Australia's independent wage-setting body on Wednesday raised the national minimum wage by 5.2%, largely in line with inflation, as families tackle soaring living costs. The lowest-...
Jun 14, 2022
New Zealand house prices fall as credit conditions hurt -REINZ
WELLINGTON (Reuters) - New Zealand's house prices fell in May as tighter credit conditions, higher mortgage rates and increased housing supply affected the market, the Real Estate Institute of New Zea...
Jun 14, 2022
HKMA buys HK$9.255 billion from market as currency hits weak end of trading band
HONG KONG (Reuters) - Hong Kong's de-facto central bank bought HK$9.255 billion ($1.18 billion) from the market in New York trading hours to stop the local currency weakening and breaking its peg to t...
Jun 14, 2022
Russian bank VTB doesn’t see merger with rival happening before autumn -newspaper
(Reuters) - VTB, Russia's second-largest lender, does not think a proposed merger with fellow state-run bank Otkritie will take place before autumn, Kommersant newspaper said on Tuesday. Both banks ha...
Jun 14, 2022
