UPDATE 1-Fears of Biden tax blow leave cryptocurrencies Ether, Bitcoin on the ropes

UPDATE 1-Fears of Biden tax blow leave cryptocurrencies Ether, Bitcoin on the ropes
The exchange rates and logos of Bitcoin (BTH), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) are seen on the display of a cryptocurrency ATM of blockchain payment service provider Vaerdex at the headquarters of Swiss Falcon Private Bank in Zurich, Switzerland May 29, 2019. REUTERS/Arnd WiegmannCryptocurrency Ether pulled back sharply from a record high… Read More

UPDATE 2-Norway’s wealth fund earned $46 billion in Q1 as stocks rose

UPDATE 2-Norway’s wealth fund earned $46 billion in Q1 as stocks rose
FILE PHOTO: A general view of the Norwegian central bank, where Norway's sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. REUTERS/Gwladys Fouche/File PhotoOSLO (Reuters) - Norway’s $1.3 trillion sovereign wealth fund, the world’s largest, posted a first-quarter profit thanks to strong stock markets, it said on Wednesday.The fund had a 4.0% return… Read More

UPDATE 1-Rio Tinto’s iron ore output falls 2% on labour shortage, weather issues

UPDATE 1-Rio Tinto’s iron ore output falls 2% on labour shortage, weather issues
(Adds details on production, outlook)April 20 (Reuters) - Global miner Rio Tinto Ltd said on Tuesday first-quarter iron ore production fell 2% as labour shortages and weather-related challenges impacted its mine and port operations.Tropical cyclone Seroja impacted operations in April while labour resource availability and above average wet weather in the mines disrupted maintenance, Rio… Read More

UPDATE 1-Japanese PM, Pfizer CEO discuss delivery of additional vaccine doses in 2021 to Japan

UPDATE 1-Japanese PM, Pfizer CEO discuss delivery of additional vaccine doses in 2021 to Japan
Japanese Prime Minister Yoshihide Suga asked U.S. drugmaker Pfizer Inc (PFE.N) on Saturday to provide additional supplies of COVID-19 vaccine to Japan this year, Nikkei reported.Pfizer confirmed in an email that Pfizer CEO Albert Bourla met with Suga virtually to discuss vaccine supply on the last day of Suga's three-day visit to Washington. The Pfizer/BioNTech… Read More

UPDATE 1-Japan’s Mizuho to decline to chair lobby group after glitches, source says

UPDATE 1-Japan’s Mizuho to decline to chair lobby group after glitches, source says
(Adds details, background)TOKYO, April 13 (Reuters) - Mizuho Financial Group Inc will decline to chair a lobbying group that represents Japanese banks, a source with direct knowledge of the matter said, after Japan’s third largest lender by assets suffered system failures.Mizuho experienced four systems glitches during two weeks from February to March.Tatsufumi Sakai, chief executive… Read More

UPDATE 1-Air Canada shares sink after government aid takes discounted equity stake

UPDATE 1-Air Canada shares sink after government aid takes discounted equity stake
(Updates with stock price, adds comment on refunds)April 13 (Reuters) - Air Canada shares sank as much as 6.7% on Tuesday after the carrier nabbed a long-delayed federal aid package that provides access to liquidity but gives the government a discounted stake in the airline.Several analysts cut their price targets for Air Canada after the… Read More

UPDATE 1-Japan’s Mizuho to decline to chair lobby group after glitches, source says

UPDATE 1-Japan’s Mizuho to decline to chair lobby group after glitches, source says
(Adds details, background)TOKYO, April 13 (Reuters) - Mizuho Financial Group Inc will decline to chair a lobbying group that represents Japanese banks, a source with direct knowledge of the matter said, after Japan’s third largest lender by assets suffered system failures.Mizuho experienced four systems glitches during two weeks from February to March.Tatsufumi Sakai, chief executive… Read More

UPDATE 4-Axiata, Telenor in talks to form Malaysia’s top mobile operator

UPDATE 4-Axiata, Telenor in talks to form Malaysia’s top mobile operator
KUALA LUMPUR (Reuters) -Malaysian telecoms company Axiata Group Bhd and Norway’s Telenor ASA are nearing a deal to combine their Malaysian mobile operations to create the country’s top player in the highly competitive sector.Both companies said on Thursday they were in advanced talks to merge Celcom Axiata Bhd and DiGi.Com Bhd, in which the parties… Read More

UPDATE 1-Russia fines U.S. broadcaster RFE/RL for flouting foreign agent legislation

UPDATE 1-Russia fines U.S. broadcaster RFE/RL for flouting foreign agent legislation
(Adds background, quote)MOSCOW, April 7 (Reuters) - A Russian court fined Radio Free Europe/Radio Liberty $70,000 on Wednesday for flouting its foreign agent legislation, the latest move in what the U.S. broadcaster says is a targeted campaign against it.The U.S. outlet, which has a bureau in Moscow, has been fined $1 million this year for… Read More