Coinbase Posts Loss as Crypto Market Turmoil Hits Trading Volumes

Coinbase Posts Loss as Crypto Market Turmoil Hits Trading Volumes

A representation of the cryptocurrency is seen in front of the Coinbase logo in this illustration taken March 4, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Coinbase Global Inc (COIN.O) reported a bigger-than-expected quarterly loss as investors worried about the rout of risky assets this year … Read more

Nasdaq closes lower as chipmaker Micron’s warning renews tech rout

Nasdaq closes lower as chipmaker Micron’s warning renews tech rout

Micron stumbles on lower revenue forecasts Semiconductor stocks drop for third session Novavax plummets after halving revenue NEW YORK, Aug 9 (Reuters) – The Nasdaq closed on Tuesday after a dismal forecast from Micron Technology dragged chipmakers and tech stocks lower as investors await inflation data in the United States that could lead the Federal … Read more

Dreaded ‘dip’ slashes billions from startup valuations

Dreaded ‘dip’ slashes billions from startup valuations

Aug 9 (Reuters) – Several high-flying startups are being brought down to earth as recent carnage in global stock markets and lackluster demand for new listings force companies to raise funds at a huge discount to their exorbitant valuations. Easy money from venture capital deals is quickly evaporating in an inflation-driven high interest rate environment … Read more

Oil up as Russian pipeline shutdown reignites fears of supply constraints

Oil up as Russian pipeline shutdown reignites fears of supply constraints

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Join now for FREE unlimited access to Reuters.com Register Russia’s oil exports halted via southern section of Druzhba pipeline EU proposes ‘final’ text to resuscitate Iran nuclear deal Dollar … Read more

Five injured as explosions rock Russian airbase in annexed Crimea

Five injured as explosions rock Russian airbase in annexed Crimea

This content was produced in Russia, where the law limits coverage of Russian military operations in Ukraine. MOSCOW, Aug 9 (Reuters) – Explosions rocked a Russian air base near resorts on the annexed Crimean peninsula on Thursday, injuring five people according to local authorities, which Moscow attributed to detonations in ordnance stories. Local witnesses told … Read more

AppLovin offers to buy video game software maker Unity for $17.5 billion

AppLovin offers to buy video game software maker Unity for .5 billion

People play ‘Pokemon GO’ during the Pokequan GoBoat Adventure cruise on the Occoquan River in the small town of Occoquan, Virginia, U.S. August 14, 2016. REUTERS/Sait Serkan Gurbuz Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Gaming software company AppLovin Corp (APP.O) on Tuesday made an offer to buy peer … Read more

Record rain kills at least 8 in South Korean capital

Record rain kills at least 8 in South Korean capital

SEOUL, Aug 9 (Reuters) – At least eight people have died in and around Seoul overnight, South Korean authorities said on Tuesday, after torrential rains knocked out power, caused landslides and left roads and subways submerged. The southern part of the nation’s capital received more than 100 mm (3.9 inches) of rain per hour Monday … Read more

Russia launches Iranian satellite

Russia launches Iranian satellite

This content was produced in Russia, where the law limits coverage of Russian military operations in Ukraine. MOSCOW, Aug 9 (Reuters) – Russia launched an Iranian satellite into orbit from southern Kazakhstan on Tuesday, just three weeks after President Vladimir Putin and Supreme Leader Ayatollah Ali Khamenei pledged to work together against the ‘West. The … Read more

Singapore-based crypto lender Hodlnaut suspends withdrawals

Singapore-based crypto lender Hodlnaut suspends withdrawals

Representations of the virtual currencies Ripple, Bitcoin, Etherum and Litecoin are seen on a PC motherboard in this illustrative image, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 8 (Reuters) – Hodlnaut, a Singapore-based cryptocurrency lender and borrower, has suspended withdrawals, exchanges and deposits, the … Read more

Myanmar’s ambassador to China died on Sunday

Myanmar’s ambassador to China died on Sunday

A man walks past a paramilitary policeman who watches outside the Myanmar Embassy in Beijing, China August 8, 2022. REUTERS/Carlos Garcia Rawlins Join now for FREE unlimited access to Reuters.com Register BEIJING, Aug 8 (Reuters) – Myanmar’s ambassador to China died suddenly in the southwest Chinese city of Kunming on Sunday, according to an obituary … Read more