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Chief Executive Officer and joint founder of Terraform Labs may soon have to face legal action and confiscation of their property. This is coming after the Terra (LUNA) crash which happened the previous week. The Law firm (LKB and Partners) disclosed its intention of taking legal actions against Kwon to the newspaper (Munhwa Illbo) in […]

London open: Stocks rise as retail sales beat expectations London stocks rose in early trade on Friday, taking their cue from an upbeat session in Asia, and following the release of better-than-expected retail sales data. At 0825 BST, the FTSE 100 was up 1.1% at 7,384.19, having slumped a day earlier amid worries about inflation […]

London open: Stocks slump after Wall Street selloff London equity markets slumped in early trade on Thursday, taking their cue from a weak session on Wall Street, where stocks suffered their worst losses since June 2020. At 0850 BST, the FTSE 100 was 0.9% lower at 7,368.65. Overnight, the S&P 500 closed down 4%, while […]

London open: FTSE little changed as inflation hits fresh 40-year high London stocks were little changed in early trade on Wednesday after data showed that UK inflation hit a fresh 40-year high in April. At 0830 BST, the FTSE 100 was flat at 7,521.37, while sterling was down 0.7% against the dollar at 1.2412. Figures […]

London open: FTSE, sterling rise as investors mull jobs data London stocks rose in early trade on Tuesday, taking their cue from a positive session in Asia, as investors mulled the latest UK jobs data. At 0900 BST, the FTSE 100 was up 0.5% at 7,502.39, but underperforming its European peers as sterling gained 0.8% […]

London open: Stocks fall as China data sparks concerns London stocks edged lower in early trade on Monday as disappointing Chinese data added to concerns about a global slowdown. At 0830 BST, the FTSE 100 was down 0.4% at 7,390.31. Victoria Scholar, head of investment at Interactive Investor, said: “China’s economic data pointed to a notable […]

London open: Stocks recover poise after heavy losses London stocks rose in early trade on Friday, recovering from heavy losses earlier in the week as markets were rattled by worries about inflation and a global growth slowdown. At 0855 BST, the FTSE 100 was up 1.1% at 7,310.79. Victoria Scholar, head of Investment at Interactive […]

London open: Stocks slide on weak US cues; UK GDP in focus London stocks slid at the open on Thursday, taking their cue from a weak session on Wall Street, as investors mulled uninspiring UK GDP figures. At 0850 BST, the FTSE 100 was down 1.8% at 7,213.37. Victoria Scholar, head of investment at Interactive Investor, […]

London open: Compass paces the gains as investors await US inflation data London stocks rose in early trade on Wednesday, with caterer Compass pacing the advance after well-received results, as investors eyed the latest US inflation reading. At 0845 BST, the FTSE 100 was up 0.5% at 7,277.08. Sophie Lund-Yates, equity analyst at Hargreaves Lansdown, said: “The market […]

London open: Stocks recover despite US selloff London stocks rose in early trade on Tuesday, recovering from heavy losses in the previous session despite a weak close on Wall Street. At 0915 BST, the FTSE 100 was up 0.6% at 7,262.99. Victoria Scholar, head of investment at Interactive Investor, said: “European markets are attempting to regain […]