3 Min Read
LONDON (Reuters) - The dollar nursed losses near a one-month low on Wednesday as strong demand at a U.S. bond auction fuelled a widespread drop in Treasury yields, reducing the interest rate advantage the greenback held over other major currencies.
FILE PHOTO: U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
While rate differentials between U.S. and German benchmark 10-year yields have narrowed slightly to 193 bps from more than 200 bps at the start of the month, they remain considerably higher than 150 bps seen at the start of the year.
The dollar slipped on Monday and a gauge of global equity markets slid from record highs last week as investors wait to see whether an expected jump in U.S. earnings will justify stock prices already trading at very high premiums.
2 Min Read
LONDON (Reuters) -Britain’s competition watchdog said on Wednesday it had provisionally cleared the 31.4 billion pound ($43.3 billion) merger between broadband company Virgin Media and Telefonica’s UK mobile network O2.
FILE PHOTO: A man walks past an O2 phone store in Manchester, Britain March 7, 2016. REUTERS/Phil Noble
The Competition and Markets Authority (CMA), addressing one of its primary concerns, said that its investigation had concluded the deal was unlikely to result in a substantial reduction of competition in the supply of wholesale mobile services.
“A thorough analysis of the evidence gathered. has shown that the deal is unlikely to lead to higher prices or a reduced quality of mobile services – meaning customers should continue to benefit from strong competition,” said Martin Coleman, CMA Panel Inquiry Chair.
| 14 April 2021
That streaming and the uptake of SVOD services surged since the outbreak of the Covid-19 pandemic is widely known but more details of how people have used such services is emerging and now it would appear, says research from The Diffusion Group (TDG), that co-watching films and TV series has become established behaviour.
Prior to 2018, co-watching was more or less the domain of DIY hacks and illegal streams, almost exclusively the domain of bleeding-edge tech adopters, In 2018, the first dedicated co-watching services such as Teleparty (formerly Netflix Watch Party) and Scener launched. As of early 2020, these services were still largely relegated to technophiles. Since March 2020 there has been a rush among major tech-media firms to add co-watching to their feature sets. Instagram moved first in March, and was soon followed by a flood of major streamers including Hulu, Disney+, Amazon Prime Video and Sling TV. This influx of new tools has, says TDG, ac
Bond yield retreat boosts tech shares Bitcoin hits record high, dollar weakens
TOKYO, April 14 (Reuters) - Global equity markets rose to a fresh record high on Wednesday as bond yields eased after data showed U.S. inflation was not rising wildly.
Most Asia-Pacific share indexes followed Wall Street higher, with Hong Kong’s Hang Seng leading gains in the region, while benchmark U.S. Treasury yields continued their decline, marking a fresh three-week low.
Japan bucked the trend, with the Nikkei falling 0.4% as rising coronavirus cases raised doubts about an economic reopening with 100 days to go until Tokyo is scheduled to host the Olympics.