A gauge of global stocks was on track for its biggest one-day percentage climb in a week on Tuesday as a fall in U.S. Treasury yields eased concerns the economic recovery could overheat and lead to stronger-than-expected inflation.
A gauge of global stocks dipped in choppy trading on Monday as investors eyed the yield on U.S. Treasuries for signs of inflation pressures in the wake of the U.S. Senate's passage of a $1.9 trillion stimulus bill.
By Reuters Staff
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OSLO, March 8 (Reuters) - Norway’s Aker ASA is establishing a new unit dedicated to investing in bitcoin and blockchain technology, the industrial holding company said on Monday.
Seetee AS would initially have a capital of 500 million Norwegian crowns ($58.6 million) and planned to keep its liquid assets in bitcoin, Aker said.
Seetee would collaborate with Canada’s Blockstream, focusing initially on bitcoin mining while also seeking to fuse blockchain technology with Aker’s industrial operations, it said.
“These technologies have the potential to reduce frictions in our day to day lives, enhance the security of our digitally driven economies, and unlock new business models for innovation,” Aker ASA Chief Executive Oeyvind Eriksen said.
The Australian and New Zealand dollars rose against the greenback on Monday as the passage of a $1.9 trillion stimulus bill in the world's largest economy buoyed appetite for risk, underpinning commodity-linked currencies.