NEW YORK (Reuters) -Global equities sold off on Friday and U.S. Treasury yields were at multi-month lows on concerns about the economy and downbeat forecasts from Amazon and Intel, which hit richly-valued technology firms. The Nasdaq Composite index was recently down 2.3%, putting it on track to confirm it is in a correction following worries […]
Exclusive-Petrobras’ bid for Galp’s Namibia prospect to include at least one partner, sources say
By Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Brazil’s Petrobras will include at least one partner in its bid for a 40% stake in Galp Energia’s Mopane oil prospect in Namibia, two sources with knowledge of the matter told Reuters. Last week, Petrobras’ director of exploration and production, Sylvia dos Anjos, told Reuters that […]
Coinbase expects US to be crypto-friendly irrespective of election outcome
By Niket Nishant and Manya Saini (Reuters) – The next U.S. administration will be “constructive” on crypto regardless of which party wins, Coinbase CEO Brian Armstrong said late on Thursday, underscoring the industry’s growing political influence ahead of the November election. The highly volatile crypto sector is seen as a risky fringe industry and has […]
U.S. sues TikTok over ‘massive-scale’ privacy violations of kids under 13
By David Shepardson WASHINGTON (Reuters) – The U.S. Justice Department filed a lawsuit Friday against TikTok and parent company ByteDance for failing to protect children’s privacy on the social media app. The government said TikTok violated the Children’s Online Privacy Protection Act that requires services aimed at children to obtain parental consent to collect personal […]