John McCrank
John McCrank
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Dollar dips, off three-and-a-half month highs as Treasury yields stabilize

Dollar dips, off three-and-a-half month highs as Treasury yields stabilize

By New York (Reuters) - The dollar on Tuesday backed off its 3-1/2-month high as U.S. Treasury yields stabilized ahead of key inflation data and Treasury auctions this week, boosting riskier currencies such as the pound, Australian dollar and Kiwi dollar.The save-haven dollar was 0.46% lower, at 91.95, against a basket of six major currencies, after hitting a 3-1/2-month high of 92.506 during Asian trading hours.U.S. 10-year Treasury bond yields eased to 1.544% after reaching 1.613% on Monday, close to its 13-month high. Yields had been rising on expectations that a faster-than-expected...

March 9, 2021
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NYSE may make second U-turn on China telecom delistings amid confusion over policy

NYSE may make second U-turn on China telecom delistings amid confusion over policy

By , , NEW YORK/WASHINGTON/HONG KONG/ (Reuters) - The New York Stock Exchange is reconsidering its plan to allow three Chinese telecom giants to remain listed, the latest twist to a saga amid confusion over rules set by the Trump administration and tension within Washington on China policy.If it does so, it would mark a second sudden U-turn. The bourse said late Monday it reversed a decision announced just last week to delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd after consulting with regulatory authorities in connection with the U.S. Treasury’s Office of...

January 5, 2021
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NYSE may make second U-turn on China telecom delistings amid confusion over policy

NYSE may make second U-turn on China telecom delistings amid confusion over policy

By , , NEW YORK/WASHINGTON/HONG KONG/ (Reuters) - The New York Stock Exchange is reconsidering its plan to allow three Chinese telecom giants to remain listed, the latest twist to a saga amid confusion over rules set by the Trump administration and tension within Washington on China policy.If it does so, it would mark a second sudden U-turn. The bourse said late Monday it reversed a decision announced just last week to delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd after consulting with regulatory authorities in connection with the U.S. Treasury’s Office of...

January 5, 2021
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NYSE may make second U-turn on China telecom delistings amid confusion over policy

NYSE may make second U-turn on China telecom delistings amid confusion over policy

By , , NEW YORK/WASHINGTON/HONG KONG/ (Reuters) -The New York Stock Exchange is reconsidering its plan to allow three Chinese telecom giants to remain listed, the latest twist to a saga amid confusion over rules set by the Trump administration and tension within Washington on China policy.If it does so, it would mark a second sudden U-turn. The bourse said late Monday it reversed a decision announced just last week to delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd after consulting with regulatory authorities in connection with the U.S. Treasury’s Office of...

January 5, 2021
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Robinhood trading app suffers another outage as markets whipsaw

Robinhood trading app suffers another outage as markets whipsaw

By , (Reuters) - Robinhood Markets Inc, the fintech startup that introduced millions of millennials to equities, options and crypto trading, greets visitors to its website with the motto, “It’s Time to Do Money.”But on Monday, many of the firm’s 10 million users found it difficult to “Do Money” in a timely way after the third outage of Robinhood’s trading platform in a week amid an extended spike in market volatility over coronavirus concerns.“So much for trying to invest for the first time. Thanks for ruining my taste of it lol,” said one user on Robinhood’s Twitter help feed.The Menlo...

March 9, 2020
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NYSE to reopen San Francisco-based options floor next Monday

NYSE to reopen San Francisco-based options floor next Monday

By NEW YORK (Reuters) - The New York Stock Exchange said on Tuesday its NYSE Arca Options trading floor in San Francisco would partially reopen next Monday but its New York-based trading floors would remain closed for now, having been shut since March 23 due to the coronavirus crisis.The Arca Options trading floor will operate with reduced personnel and additional safety precautions for exchange staff and floor traders, the NYSE, which is owned by Intercontinental Exchange Inc, said in a traders’ alert.“Upon reopening, NYSE Arca Options trading floor personnel will be required to follow...

April 29, 2020
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