Monday, 4 October 2021

Reuters Business: NFT sales surge to $10.7 bln in Q3 as crypto asset frenzy hits new highs

NFT sales surge to $10.7 bln in Q3 as crypto asset frenzy hits new highs

Sales volumes of non-fungible tokens (NFTs) surged to $10.7 billion in the third quarter of 2021, up more than eightfold from the previous quarter, according to data from market tracker DappRadar, as the frenzy for crypto assets reached new highs.

Nasdaq ends sharply lower; rising Treasury yields sink Big Tech

Wall Street ended sharply lower on Monday as investors dumped Big Tech and other growth stocks in the face of rising Treasury yields, while concerns about a potential U.S. government debt default also fed caution.

Exxon exodus turns floating 'cube' into Internet meme

Exxon Mobil's trophy U.S. campus is becoming an Internet meme.

Nasdaq ends sharply lower; rising Treasury yields sink Big Tech

Wall Street ended sharply lower on Monday as investors dumped Big Tech and other growth stocks in the face of rising Treasury yields, while concerns about a potential U.S. government debt default offered another reason for caution.

Canada formally invokes 1977 pipeline treaty with U.S. over Line 5 dispute

Canada on Monday formally invoked a 1977 treaty with the United States to request bilateral negotiations over Enbridge Inc's Line 5, escalating a long-running dispute over one of Canada's major oil export pipelines.

Bank of America launches research coverage for digital assets

Bank of America Corp published its first research coverage focused on cryptocurrencies and other digital assets on Monday, joining other mainstream financial institutions as they strengthen their involvement with the asset class.

Exclusive: Eli Lilly's recalled emergency diabetes drug came from plant cited by FDA

A recently recalled batch of Glucagon Emergency Kits, Eli Lilly and Co's therapy for diabetic patients in crisis, was manufactured at an Indiana factory cited by U.S. health regulators this year for quality-control violations, including several involving that product, according to the company and a Reuters review of federal inspection records.

Pandora Papers: Rich and powerful deny wrongdoing after dump of purported secrets

The Czech prime minister, the king of Jordan and the chairman of a well-known Indian conglomerate were among global figures denying wrongdoing on Monday after the leak of what major news outlets called a secret trove of documents about offshore finance.

Bank of Mexico deputy governor sees more rate hikes coming

The Bank of Mexico's cycle of rate hikes is not yet over and one or two more increases are likely amid concerns about inflation, though any monetary policy moves will depend on incoming data, Bank of Mexico Deputy Governor Jonathan Heath said.

REUTERS IMPACT Calpers' CEO Frost hopes COP26 yields more green-investing data

An upcoming United Nations climate summit will give world leaders a chance to push for standardized measures of areas like corporate carbon emissions, the head of the largest U.S. pension fund said on Monday.

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