Monday, 6 December 2021

Reuters Business: Decentralised finance for cryptoassets built on an illusion, says BIS

Decentralised finance for cryptoassets built on an illusion, says BIS

Decentralised finance catering for cryptoassets could undermine financial stability if it gained traction and more safeguards are needed, the Bank for International Settlements said in its quarterly review on Monday.

Nasdaq to eclipse NYSE in record year for IPOs

Nasdaq Inc is geared to eclipse rival New York Stock Exchange (NYSE) in initial public offerings (IPO) this year, which has seen companies raise record levels of capital through fresh stock flotations in the United States.

Cryptocurrencies post net inflows last week, but outflows seen on Friday - CoinShares

Cryptocurrency products and funds received $184 million in net inflows as of last week, data from digital asset manager CoinShares showed on Monday.

Dow leads Wall Street higher with 2% gain; cyclicals in vanguard

The Dow led Wall Street shares higher on Monday, as economy-linked banks and energy stocks charged back and fear about the Omicron variant eased, even as investors braced for another roller-coaster ride like last week's.

BlackRock, Saudi asset manager Hassana sign deal for Aramco's gas pipelines

Saudi Aramco said on Monday it has signed a $15.5 billion lease-and-leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and state-backed Hassana Investment Co.

ECB to redesign euro banknotes in inclusion effort

The European Central Bank said on Monday it plans to redesign the euro's banknotes over the next three years to make them "more relatable to Europeans of all ages and backgrounds".

Toyota to build new $1.3 bln battery plant in North Carolina

Toyota Motor Corp announced on Monday it is building a new $1.29 billion battery plant in North Carolina as it moves to expand its hybrid and electric vehicle efforts.

Exclusive: SEC probes Tesla over whistleblower claims on solar panel defects

The U.S. securities regulator has opened an investigation into Tesla Inc over a whistleblower complaint that the company failed to properly notify its shareholders and the public of fire risks associated with solar panel system defects over several years, according to a letter from the agency.

Sackler family says billions collected from Purdue not abuse of bankruptcy law

Members of the Sackler family on Monday said billions of dollars they collected from Purdue Pharma before the company filed for Chapter 11 was the result of extra cash, not part of a "secret plan" to abuse the bankruptcy system.

Retail investors added to Didi selloff after delisting news

Retail investors have been among those selling shares in Didi Global , which tumbled after the ride-hailing company revealed its plan to withdraw from the New York Stock Exchange.

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