EU agrees rulebook for 'Wild West' crypto markets


LONDON (Reuters) – The European Union on Thursday reached a provisional deal on the world’s first set of comprehensive rules to regulate what one lawmaker called the “Wild West” crypto market.FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on […]

BOJ maintains ultra-low rates, warns it is closely watching yen moves


TOKYO (Reuters) -The Bank of Japan maintained ultra-low interest rates on Friday and its guidance to keep borrowing costs at “present or lower” levels, signaling its resolve to focus on supporting the economy’s tepid recovery from the COVID-19 pandemic.Banknotes of Japanese yen are seen in […]

China's producer inflation eases to 14-month low in May


BEIJING (Reuters) – China’s factory-gate inflation cooled to its slowest pace in 14 months in May, official data showed on Friday, depressed by weak demand for steel, aluminium and other key industrial commodities due to tight COVID-19 curbs.FILE PHOTO: People walk along Nanjing Pedestrian Road, […]

Computer chip giant ASML places big bets on a tiny future


VELDHOVEN, Netherlands (Reuters) – ASML, a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger.An optical system is prepared for testing in a vacuum chamber at Carl Zeiss SMT in Oberkochen, Germany, in this undated handout photo. Zeiss is developing optical […]

Analysis-Elon Musk can't easily give Twitter the boot over bots


(Reuters) – Elon Musk may find a way to prove his claim that spam accounts on Twitter Inc’s platform are significantly higher than the social media company has estimated, but showing that he and investors were misled will be difficult, legal experts say.FILE PHOTO: An […]

Saudi Aramco net profit soars 82% in Q1 on high oil prices


FILE PHOTO: Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File PhotoDUBAI (Reuters) – State-owned oil producer Saudi Aramco on Sunday reported an almost 82% rise in first-quarter net income, broadly in line with analyst forecasts, […]