Updated - Squid Business

US SEC approves bitcoin ETFs in watershed for crypto market

By Hannah Lang and Suzanne McGee WASHINGTON/NEW YORK (Reuters) -The U.S. securities regulator on Wednesday approved the first U.S.-listed exchange traded funds (ETFs) to track bitcoin, in a watershed for the world’s largest cryptocurrency and the broader crypto industry. The Securities and Exchange Commission said it approved 11 applications, including from BlackRock, Ark Investments/21Shares, Fidelity, …

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South Korea credit market resilient to builder’s debt woes, so far

By Jihoon Lee and Cynthia Kim SEOUL (Reuters) -South Korea’s credit market is showing signs of stability less than two weeks after officials pledged to expand a $66 billion program if needed to limit the fallout from a builder’s debt woes, analysts said, but added that it was still early days. An announcement by Taeyoung …

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Argentina’s markets give Milei a reality check as early romance fades

By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s markets, which soared after President Javier Milei took office a month ago, are now giving the libertarian leader a dose of reality, with bond prices slipping, the peso weakening again and investors wary of the government’s new debt auctions. The splash of cold water from investors after …

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India trade department backs lower tax on hybrid cars in green push- sources

By Aditi Shah, Shivangi Acharya and Sarita Chaganti Singh NEW DELHI (Reuters) -India’s trade department has backed lowering taxes on hybrid vehicles to help the transition to cleaner energy sources, following demands by Japanese car makers, five government and industry sources told Reuters. The move could irk some local carmakers. India’s combined sales and additional …

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Surging tanker rates close the door on US crude oil shipments to Asia

By Muyu Xu and Arathy Somasekhar SINGAPORE/HOUSTON (Reuters) -The economic incentive to import oil from the U.S. Gulf Coast to Asia has closed as the cost of booking supertankers on the route has surged amid a jump in bookings for the vessels, traders said this week. With the arbitrage for U.S. shipments closed, Asian refiners …

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Stocks climb as megacaps lead; inflation data, earnings on deck

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed higher on Wednesday as megacaps rallied, but gains were limited ahead of inflation reports and major bank earnings later in the week. Microsoft, Meta Platforms and Nvidia were the biggest boosts to the S&P 500 index, as the benchmark 10-year Treasury note yield held near 4%and …

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Defacing of Stalin icon exposes deep divisions in his home country Georgia

By Felix Light TBILISI (Reuters) – Georgian authorities are investigating the defacing of a recently-installed icon in Tbilisi’s main cathedral depicting Josef Stalin, a case that has exposed deep divisions in Georgia over the former Soviet dictator’s legacy in his homeland. An unknown culprit splashed paint on Tuesday on the icon, which has been displayed …

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Stocks rise ahead of US inflation data; SEC approves bitcoin ETFs

By Caroline Valetkevitch NEW YORK (Reuters) – Global stock indexes rose and U.S. 10-year Treasury yields edged up on Wednesday as investors looked ahead to a U.S. consumer price report for possible clues on when the Federal Reserve could begin cutting interest rates. Late in the day, the U.S. Securities and Exchange Commission approved the …

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What is Britain’s Post Office scandal?

By Sachin Ravikumar LONDON (Reuters) -One of Britain’s biggest miscarriages of justice, the wrongful conviction of hundreds of Post Office workers due to faulty software, has exploded into the public domain following a TV drama, triggering demands for justice. In a more than 20-year scandal, some postal workers were sent to prison and others lost …

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Dollar gains on yen, bitcoin muted after SEC approves ETFs

By Karen Brettell NEW YORK (Reuters) -The dollar gained on the yen but dipped against the euro on Wednesday as investors waited on U.S. inflation data for fresh clues on when the Federal Reserve is likely to begin cutting interest rates. In cryptocurrencies, bitcoin seesawed in a range after news that Securities and Exchange Commission …

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