Major bitcoin corporate backer MicroStrategy will borrow $600 million to buy more of the currency, it said on Tuesday, as the cryptocurrency surged past $50,000 in a rally fueled by wider acceptance among investors.
Major bitcoin corporate backer MicroStrategy will borrow $600 million to buy more of the currency, it said on Tuesday, as the cryptocurrency surged past $50,000 in a rally fueled by wider acceptance among investors.
By Reuters Staff
2 Min Read
ZAGREB, Feb 2 (Reuters) - Six banks have agreed not to take legal action against Croatia over its conversion of Swiss franc loans into euros in 2015 at the lenders’ expense, the finance minister said on Tuesday.
Many individuals and companies in Croatia and eastern Europe had taken out Swiss franc mortgages to benefit from low interest rates but were then caught out when the franc strengthened in 2015, leaving them with higher debts to pay.
Croatia’s then centre-left government forced banks to convert the loans to euros to protect borrowers. The banks carried the costs of about 1 billion euros ($1.2 billion), prompting them to either launch lawsuits or threaten action saying costs had not been fairly shared out.
Global shares hit record highs on Tuesday and were on track for their longest winning streak in 17 years as investors bet the rollout of COVID-19 vaccines would lead to a durable economic recovery and draw a line under a year of lockdowns.