Stocks

Bloomberg Naspers Ltd-backed cryptocurrency platform Luno is planning to increase its workforce by almost 60 percent to expand its South African headquarters as Bitcoin once again breaches $10,000. The Bitcoin and Ethereum exchange will hire 150 new employees by the end of the year to boost its software-development team, taking its headcount to more than 400 across seven offices in ...

Bloomberg US equities were little changed on Wednesday while Treasuries slipped as investors prepared for the latest Federal Reserve meeting to conclude, with anticipation growing that policy makers will signal a readiness to lower rates. The three main US stock gauges drifted alongside the dollar, while the Stoxx Europe 600 was also little changed. Earlier, shares in Asia rallied, tracking ...

Bloomberg Facebook Inc Chief Operating Officer Sheryl Sandberg said the company’s planned cryptocurrency coin, Libra, is a “long way from launch.” The social-media giant unveiled plans for a new global financial system based on a so-called stablecoin — a digital currency that’s supported by established government-backed currencies and securities. The project, more than a year in the making and including ...

Bloomberg Emerging-market currencies offer some of the best value as an eight-year run of dollar strength is “close to the end,” according to Pacific Investment Management Co (Pimco). “We like to be long a number of those,” Gene Frieda, a Pimco strategist in London, said. Slowing US growth will finally put a dent in the greenback, while counterparts in the ...

Bloomberg Stocks rallied with bonds on Tuesday as comments from ECB officials added fuel to investors’ hopes for easier monetary policies from the world’s biggest central banks. Futures on the S&P 500, Nasdaq 100 and Dow Jones indexes advanced along with the Stoxx Europe 600, while Japan’s Topix bucked the trend as most Asian gauges rose earlier. The euro turned ...

Bloomberg MoneyGram International Inc soared as much as 155 percent in early trading after a tie-up with blockchain-technology company Ripple. The rally is reminiscent of late 2017, when a wave of small-cap stocks saw valuations multiply as they re-branded as blockchain companies. The difference is that MoneyGram is an established company with about 2,400 staff and $1.4 billion in annual ...

Bloomberg US equity futures drifted on Monday while European stocks edged lower following a mixed session in Asia as a big week for central-bank policy gets underway. Treasuries fell and the dollar was steady. Contracts on the S&P 500, Dow Jones Industrial Average and Nasdaq 100 gauges struggled for traction, while the Stoxx Europe 600 Index slipped. Deutsche Bank boosted ...

Bloomberg Indian stocks completed their longest run of declines in more than a month as the late arrival of monsoon rains, crucial for crop output, heightened investor concern about the government’s ability to bolster a slowing economy. The S&P BSE Sensex fell 1.3% to 38,960.79 in Mumbai, clocking its steepest four-day slide in five weeks. The NSE Nifty 50 Index ...

Bloomberg Investors assailed by trade-war worries and slowing growth have turned in recent weeks to defensive stocks, which are by nature less volatile. Utilities, boosted by falling yields, have done particularly well, and outperformed all sectors. Their relative haven status may be in for some wobbles though, especially as bond yields could be near a tipping point. Utilities have performed ...

Bloomberg Rising tensions in the Gulf region aren’t stopping foreign investors from supporting Saudi Arabian stocks, just four years after funds from abroad were first allowed to trade directly in Riyadh. International funds helped contain losses in the final trading session last week, when Gulf stocks were sold off amid escalating tensions in the region. Qualified foreign funds have been ...