The UK Treasury has instructed the Bank of England to be ready to bailout a failure of a systemically important stablecoin. Treasury said that a failure of a systemically important stablecoin could pose “a wide range of financial stability as well as consumer protection impacts” Treasury proposed that the...
State-owned , and may not go ahead with a proposed pipeline monetisation plan, having convinced the petroleum ministry that this would be an expensive way to raise capital, said people familiar with the matter. The government expected the companies to transfer some of their pipelines to separate infrastructure investment...
Salesforce Noam Galai | Getty Images Here are the stocks making notable moves in extended trading on Tuesday. Salesforce — Shares of the software giant rose 6% after Salesforce issued stronger-than-expected first-quarter results. The company reported 98 cents in adjusted earnings per share on $7.41 billion of revenue. Analysts...
U.S. stocks fell Tuesday as investors look to close out a rocky month of trading that saw the S&P 500 flirt with bear market territory amid inflation and recession fears. The Dow Jones Industrial Average shed about 130 points, or 0.4%. The S&P 500 eased 0.3%. The Nasdaq Composite...