Trade stress, Iran tensions hits stocks, dollar frets on Fed doves

Trade stress, Iran tensions hits stocks, dollar frets on Fed doves
LONDON (Reuters) – European shares were spooked by Iran tensions and trade jitters on Tuesday, while the risk of more dovish talk from the Federal Reserve inflated gold to six-year highs and stoked demand for safe-harbor currencies like the yen and Swiss franc. FILE PHOTO: An investor watches stock prices at a brokerage office in Beijing, China July 6, 2018.... Read More

Stocks suffer trade jitters, dollar braced for more Fed talk

Stocks suffer trade jitters, dollar braced for more Fed talk
SYDNEY (Reuters) – Asian shares were hamstrung by trade worries Tuesday as expectations of more dovish talk from the Federal Reserve pushed down Treasury yields and the dollar, while propelling gold prices to six-year peaks. FILE PHOTO: An investor watches stock prices at a brokerage office in Beijing, China July 6, 2018. REUTERS/Jason Lee Investors are waiting anxiously to see... Read More

Bitcoin trades above $11,000, after 10% weekend jump

Bitcoin trades above $11,000, after 10% weekend jump
LONDON/NEW YORK (Reuters) – Bitcoin tested 15-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin. The original cryptocurrency hit $11,247.62 on the Bitstamp exchange late on Sunday, its highest since March last year. It later pulled back,... Read More

Exclusive: Italy’s UniCredit puts possible Commerzbank bid on ice for now – sources

Exclusive: Italy’s UniCredit puts possible Commerzbank bid on ice for now – sources
LONDON/MILAN (Reuters) – Italy’s UniCredit has put a possible bid for Commerzbank on ice as the German rival does not want to engage in negotiations so soon after the collapse of merger talks with Deutsche Bank, four sources said. FILE PHOTO: A Commerzbank logo is pictured before the bank’s annual news conference in Frankfurt, Germany, February 9, 2017. REUTERS/Ralph Orlowski/File... Read More

JetBlue sues Walmart for trademark infringement over Jetblack service

JetBlue sues Walmart for trademark infringement over Jetblack service
FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski/File Photo NEW YORK (Reuters) – JetBlue Airways Corp has sued Walmart Inc for trademark infringement, after the world’s largest retailer began using the name Jetblack for its text-based personal shopping service. In a complaint filed on Friday night in Manhattan... Read More

Bitcoin tests 15-month highs after 10% weekend jump

Bitcoin tests 15-month highs after 10% weekend jump
LONDON (Reuters) – Bitcoin tested 15-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin. FILE PHOTO: A Bitcoin logo is seen on a cryptocurrency ATM in Santa Monica, California, U.S., January 4, 2018. REUTERS/Lucy Nicholson/File Photo The... Read More