Safety first: markets wary of world politics and policy and dash for bunkers

Safety first: markets wary of world politics and policy and dash for bunkers
LONDON (Reuters) – Gold, Switzerland’s franc, Japan’s yen, top-rated government bonds, and even bitcoin — investors have dashed for havens and alternative assets this week as anxiety grows about trade wars, U.S.-Iran tensions and negative interest rates. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 5, 2019. REUTERS/Brendan McDermid/File... Read More

European watchdogs demand detail on Facebook’s cryptocurrency

European watchdogs demand detail on Facebook’s cryptocurrency
LONDON/ZUG, Switzerland (Reuters) – Facebook’s fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social media giant’s Libra project. FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration/File Photo Britain’s top financial regulator... Read More

Oil prices in balance between demand worries, U.S.-Iran tensions

Oil prices in balance between demand worries, U.S.-Iran tensions
LONDON (Reuters) – Oil prices hung in the balance on Tuesday as concerns over declining crude demand were offset by risks to supply linked to new U.S. sanctions on Iran. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture taken December 7, 2018. REUTERS/Stringer Benchmark Brent crude... Read More

Lawyers for Huawei CFO urge Canada to withdraw extradition proceedings

Lawyers for Huawei CFO urge Canada to withdraw extradition proceedings
(Reuters) – Lawyers for Huawei’s chief financial officer urged Canada’s justice minister on Monday to withdraw extradition proceedings against Meng Wanzhou, who has been detained in Vancouver since December on U.S. fraud charges. FILE PHOTO: Huawei’s Financial Chief Meng Wanzhou leaves her family home in Vancouver, British Columbia, Canada, May 8, 2019. REUTERS/Lindsey Wasson/File Photo Meng, 47, the daughter of... 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

Supreme Court allows foul language trademarks in F-word case

Supreme Court allows foul language trademarks in F-word case
(Editor’s note: contains language that some readers may find offensive, paragraphs 2, 9.) By Andrew Chung WASHINGTON (Reuters) – The Supreme Court on Monday struck down a longstanding U.S. ban on trademarks on “immoral” or “scandalous” words and symbols, ruling in a case involving a clothing brand with an indelicate name that the law violates constitutional free speech rights. The... Read More

Lawyers for Huawei CFO urge Canada’s Justice Minister to withdraw extradition proceedings

Lawyers for Huawei CFO urge Canada’s Justice Minister to withdraw extradition proceedings
FILE PHOTO: Huawei’s Financial Chief Meng Wanzhou leaves her family home in Vancouver, British Columbia, Canada, May 8, 2019. REUTERS/Lindsey Wasson/File Photo (Reuters) – Lawyers for Huawei’s chief executive officer Meng Wanzhou, who is being detained in Canada on U.S. fraud charges, on Monday urged Canada’s Minister of Justice to reconsider whether to withdraw the extradition proceedings. Meng, daughter of... Read More

Supreme Court invalidates law banning foul language trademarks

Supreme Court invalidates law banning foul language trademarks
WASHINGTON (Reuters) – The Supreme Court on Monday struck down a longstanding U.S. ban on trademarks on “immoral” or “scandalous” words and symbols, ruling in a case involving a clothing brand with an indelicate name that the law violates constitutional free speech rights. FILE PHOTO: The U.S. Supreme Court building is pictured in Washington, U.S., March 20, 2019. REUTERS/Leah Millis/File... Read More