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S&P 500, Dow hit record highs after upbeat jobless claims data

The S&P 500 and the Dow closed at all-time highs on Thursday as worries about rising inflation subsided, while a bigger-than-expected fall in weekly jobless claims and the signing of a massive. | March 12, 2021 ....

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Bitcoin soars to all-time high

The largest virtual currency in terms of market capitalization has gained about 66% so far this year
Reuters
February 12, 2021
A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. PHOTO: REUTERS
NEW YORK:
Bitcoin on Thursday jumped to a fresh all-time high after BNY Mellon said it formed a new unit to help clients hold, transfer, and issue digital assets.
The new unit at BNY Mellon is expected to roll out the offerings later this year, the bank said.
Bitcoin hit a record high of $48,481.45 earlier on Thursday and was last up 6.9% at $47,932. The largest virtual currency in terms of market capitalization has gained about 66% so far this year and soared roughly 1,200% since mid-March 2020. ....

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RCEP unlikely to benefit developing members in short term: analysts | Hellenic Shipping News Worldwide

RCEP unlikely to benefit developing members in short term: analysts
The Regional Cooperation Economic Partnership (RCEP) is unlikely to bring immediate significant benefits for its developing member countries in terms of flow of goods and services or major infrastructure investments, analysts and economists said.
The pact needs to be ratified by all countries, which may take time, and has different levels of tariff reductions for each country and product, the experts told the Reuters Global Markets Forum.
That means labour-intensive countries may get more imports than exports, particularly during the pandemic, over the short-term.
The RCEP is seen as a China-backed alternative to the U.S.-led Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). ....

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Bitcoin soars to all-time high after BNY Mellon announces crypto venture

Bitcoin soars to all-time high after BNY Mellon announces crypto venture
By Gertrude Chavez-Dreyfuss
FILE PHOTO: Representations of virtual currency Bitcoin are placed on U.S. Dollar banknotes
NEW YORK (Reuters) – Bitcoin on Thursday jumped to a fresh all-time high after BNY Mellon said it formed a new unit to help clients hold, transfer, and issue digital assets.
The new unit at BNY Mellon is expected to roll out the offerings later this year, the bank said.
Bitcoin hit a record high of $48,481.45 earlier on Thursday and was last up 6.9% at $47,932. The largest virtual currency in terms of market capitalization has gained about 66% so far this year and soared roughly 1,200% since mid-March 2020. ....

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European shares rise with tech stocks in the lead

European shares rose on Thursday, as investors kept close watch on a barrage of earnings reports from companies and on progress in stimulus measures in the United States for clues on the pace of business recovery. ....

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