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Bitcoin could hit $100,000 by end-2024, Standard Chartered says

By Elizabeth Howcroft LONDON (Reuters) -Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered said on Monday, saying that the so-called “crypto winter” is over. Bitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as the U.S. Federal Reserve ends its interest rate-hiking …

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Crypto firms scramble for banking partners as willing lenders dwindle

(This April 19 story has been corrected to fix the name of Banxa U.S. CEO to Richard Mico, not Ricardo Mico, in paragraph 24) By Elizabeth Howcroft and Hannah Lang LONDON (Reuters) – Crypto firms have been left scrambling to find banking partners after the collapse of three crypto-friendly lenders in the U.S. last month, …

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Trump rape accuser set for her day in court

By Jonathan Stempel NEW YORK (Reuters) -Donald Trump is already the first former American president to face criminal charges. Jurors are expected to soon decide in an unrelated civil case whether he lied about committing rape. A trial is scheduled to begin on April 25 in one of former Elle magazine advice columnist E. Jean …

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Sudan factions agree to 72-hour ceasefire as foreigners are evacuated

By Khalid Abdelaziz and Aidan Lewis KHARTOUM (Reuters) -Sudan’s warring factions agreed to a 72-hour ceasefire starting on Tuesday, while Western, Arab and Asian nations raced to extract their citizens from the country. The Sudan Armed Forces (SAF) said the U.S. and Saudi Arabia mediated the truce. U.S. Secretary of State Anthony Blinken announced the …

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Nasdaq underperforms on worries about tech earnings ahead

By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – The Nasdaq closed lower on Monday, underperforming the S&P 500 and the Dow, with pressure from high-profile megacaps as investors awaited results from companies including Microsoft while Tesla shares fell on concerns about its spending plans. Tesla Inc finished down 1.5% after the automaker raised …

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At UN, Russia’s Lavrov warns world at ‘dangerous threshold’

By Michelle Nichols UNITED NATIONS (Reuters) -U.N. Secretary-General Antonio Guterres said on Monday that the risk of conflict between global powers was at an “historic high” and Russian Foreign Minister Sergei Lavrov warned the world was at a threshold “possibly even more dangerous” than during the Cold War. Guterres, seated next to Lavrov in the …

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U.S. stocks end mixed, Treasury yields dip with earnings, data on tap

By Stephen Culp NEW YORK (Reuters) – Wall Street shuffled to a mixed close on Monday, with interest rate-sensitive momentum shares weighing on the Nasdaq and U.S. Treasury yields dipping as investors braced for a week of high-profile quarterly earnings and closely watched economic data. The benchmark S&P 500 and the Dow ended the session …

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Biden would veto legislation to block solar tariff waivers

By Jeff Mason WASHINGTON (Reuters) – U.S. President Joe Biden will veto congressional efforts to overturn his solar tariff waiver for four Southeast Asian nations for two years, the White House said on Monday. In June, Biden waived tariffs on solar panels from Cambodia, Malaysia, Thailand and Vietnam in an effort to create a “bridge” …

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Death toll in Kenyan starvation cult rises to 73 – police

By Hereward Holland NAIROBI (Reuters) -Kenyan police have recovered 73 bodies, mostly from mass graves in a forest in eastern Kenya, thought to be followers of a Christian cult who believed they would go to heaven if they starved themselves, a police officer said on Monday. The death toll, which has repeatedly risen as exhumations …

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Dollar slides as rate cuts priced in; yen falls ahead of BOJ meeting

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell to a more than one-week low against major currencies on Monday in generally thin trading, as investors continued to price in interest rate cuts this year by the Federal Reserve after a widely expected rate increase at next week’s policy meeting. The Japanese currency, on …

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