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Genesis is owned by Stamford, Connecticut-based venture capital company Digital Currency Group. The contagion concerns stem from Genesis' prominence in crypto, its links to troubled firms and broader reach into the financial world. "It's a signal of worse outcomes" for the crypto market, particularly since Genesis also deals with brokers, family offices and money managers. Last year, Genesis extended $130.6 billion in crypto loans and traded $116.5 billion in assets, according to its website. Crypto.com, an exchange, and Tether, which operates the world's largest stablecoin, on said Wednesday they had no exposure to Genesis.

"This was not Ukraine’s fault," alliance chief Jens Stoltenberg told a news conference, adding that "Russia bears ultimate responsibility, as it continues its illegal war against Ukraine." He said that "our main priority now, or one of the top priorities now, is to provide more air defense systems for Ukraine." Moscow’s forces have increasingly assaulted civilian targets from the air while digging in behind new lines after a series of battlefield retreats. “In all this frenzy over what happened we forget that 90 missiles were launched across Ukraine yesterday,” he said, referring to the attack that prompted Ukraine to fire the defensive missile in the first place. “This just shows the recklessness of Russia engaging targets that close to the Polish border.

SEOUL, Nov 16 (Reuters) - South Korea's housing prices fell at the sharpest rate in at least 19 years in October, adding to expectations the nation's central bank will slow its pace of interest rate hikes in the coming weeks. In the capital Seoul, apartment prices declined 1.24%, the fastest since December 2008, extending losses to a ninth straight month. The national index for apartment transaction prices dropped 7.13% during the January-September period, on track for the biggest annual decline since that data was introduced in 2006. Analysts expect only one or two more interest rate hikes by the Bank of Korea for the remainder of this year and 2023 to take the terminal rate to 3.25% or 3.50%. South Korea's household debt-to-GDP ratios stood at 102.2% in the second quarter, data of 35 major economies from the Institute of International Finance showed.

[1/3] U.S. Joint Chiefs Chair Army General Mark Milley speaks during a news briefing after participating a virtual Ukraine Defense Contact Group meeting at the Pentagon in Arlington, Virginia, U.S., November 16, 2022. REUTERS/Tom BrennerWASHINGTON, Nov 16 (Reuters) - The top U.S. general on Wednesday said Ukraine's chances of any near-term, outright military victory were not high, cautioning that Russia still had significant combat power inside Ukraine despite suffering battlefield setbacks since its invasion in February. Ukraine has vowed to keep the pressure on Russian forces until it reclaims control of all occupied territory. "The probability of a Ukrainian military victory - defined as kicking the Russians out of all of Ukraine to include what they claim as Crimea - the probability of that happening anytime soon is not high, militarily," Milley told a news conference at the Pentagon. Ukraine is not going to back down," Milley said, adding that Ukraine was free, "and they want to remain free."

☆ The deadly missile incident in Poland is a 'propaganda gift' for the Ukrainians and Zelenskyy, Russia expert says
▼ + stars: | 2022-11-16 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Two people were killed after Russian-made missiles landed in Poland, according to reports. The incident could benefit Zelenskyy's efforts to stir up further assistance, a Russia expert said. "This is a propaganda gift for the Ukrainians," said Simon Miles, an assistant professor at Duke. But what marks the first seeming spillover of Russia's war beyond Ukraine could ultimately benefit Ukrainian President Volodymyr Zelenskyy's ongoing efforts to stir up additional assistance and support, a Russia expert told Insider. On top of being a fatal tragedy for Poland, the Tuesday incident also bolsters Ukraine's ongoing wartime rhetoric.

☆ NATO could invoke Article 4 after Russian missiles struck Poland. Here's what that means.
▼ + stars: | 2022-11-15 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +8 min

The incident could invoke NATO Article 4, which allows any member to call for a consultation when threatened. Several NATO countries previously invoked Article 4 after Russia invaded Ukraine in February. Such defiant language ostensibly appeals to the collective defense principle at the heart of NATO Article 5. As such, NATO and its members have no binding obligation to defend Ukraine against Russia's attacks. Biden has made clear that US troops thus far deployed to Eastern Europe are there to bolster NATO member countries wary of nearby Russian aggression.

☆ Explainer: How NATO's defense obligations could be triggered by Ukraine conflict
▼ + stars: | 2022-11-15 | by ( Matt Spetalnick | ) www.reuters.com time to read: +3 min

The explosion, which firefighters said killed two people, raised concerns of Russia's war in Ukraine becoming a wider conflict. HOW COULD THE UKRAINE WAR TRIGGER IT? Since Ukraine is not part of NATO, Russia’s invasion in February did not trigger Article 5, though the United States and other member states rushed to provide military and diplomatic assistance to Kyiv. Such action by Russia, either intentional or accidental, has raised the risk of widening the war by drawing other countries directly into the conflict. Article 5 has been activated once before – on behalf of the United States, in response to the Sept. 11, 2001, hijacked-plane attacks on New York and Washington.

Global emissions of carbon dioxide stayed at record high levels in 2022, giving the planet less than a decade to meet the goals of the landmark Paris Agreement, according to a report released Thursday. The Global Carbon Project, made up of scientists who track and quantify greenhouse gas emissions, found no signs of the cuts in emissions needed to limit global warming to 1.5 degrees Celsius above pre-industrial times. Carbon dioxide emissions in 2020 fell by a record 1.9 billion tons as a result of strict Covid lockdowns that halted most air travel and disrupted daily lives. So-called carbon sinks, or natural lands and oceans that absorb and store carbon, continue to take up roughly half of the planet's carbon dioxide emissions. “If governments respond by turbo charging clean energy investments and planting, not cutting, trees, global emissions could rapidly start to fall,” she said in a statement.

☆ Stock market rally will be put to test in week ahead, after yields fall and tech surges
▼ + stars: | 2022-11-11 | by ( Patti Domm | In | ) www.cnbc.com time to read: +10 min

This week, bond yields also came off their highs and were sharply lower, paving the way for gains in tech and growth shares. They include Fed Vice Chair Lael Brainard, New York Fed President John Williams and Minneapolis Fed President Neel Kashkari to name a few. Hogan said that group includes Bullard, Brainard and San Francisco Fed President Mary Daly. Many strategists are calling the move higher a bear market rally, and some expect it will fizzle in December while others say it could continue into the new year. Friday Earnings: JD.com, Foot Locker, Buckle 8:40 a.m. Boston Fed President Susan Collins 10:00 a.m.

☆ Hope against hope. Traders are again talking up the prospect of a 'soft landing'
▼ + stars: | 2022-11-10 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

October consumer price index (CPI) month over month rose 0.4% versus the 0.6% that economists expected; ex-food and energy up 0.3% vs 0.5% expected. The headline year-over-year rate of 7.7% (lower than 7.9% expected) is now trending down four consecutive months. Finally, some signs inflation may be moderating, while jobs remain strong, even though we are hearing reports of accelerating layoffs in the tech sector. "You're seeing windows, floor covering decline, all related to housing. You're seeing the housing spillover starting to hit housing-related purchases, everything from appliances, furniture, floor coverings, window coverings."

☆ Morning Bid: Bank man fried
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +2 min

"We are in the best of hands," FTX founder Sam Bankman-Fried said on Twitter, after announcing a bailout that has not quite soothed market jitters. Bitcoin was falling in Asia on Wednesday, so was FTX's collapsing token and Binance's token had the wobbles. As Spectra Markets' Brent Donnelly and others have previously noted, naming rights are a reasonable signal of irrational exuberance. FTX's 19-year deal for naming rights at the Miami Heat basketball team's home arena looks to face a similar fate, as does its sponsorship of the Mercedes F1 team. China's factory gate prices dropped for the first time since December 2020, and consumer inflation moderated, underlining faltering domestic demand.

☆ Sam Bankman-Fried's Alameda Research website taken down amid FTX turmoil
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: 1 min

Nov 9 (Reuters) - Alameda Research, the trading firm founded by FTX chief executive officer Sam Bankman-Fried, took down its website on Wednesday, making it private. The development comes a day after crypto exchange Binance announced plans to acquire FTX. Since then, crypto markets have been reeling under worries that financial troubles at FTX could spillover to other players in the marketA message on Alameda's site said "This site is currently private." Reporting by Niket Nishant in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Banks and corporations use the market to manage interest rate risks and traders depend on it as reference for pricing other assets. To make a swap, market participants turn to a dealer or bank to facilitate the deal. DRAINEDPart of the issue is a lack of bond market supply. Last week, the RBA's head of domestic markets, Jonathan Kearns, noted the swaps market dysfunction. Nor are other swap markets globally seeing similar pressures.

Its ultra-loose stance has accelerated Japanese investment flows abroad, helping to turn the yen's slump into one of historic proportions. Its net international investment position, the difference between the stock of assets it holds overseas and stock of Japanese assets held by foreigners, was $3.29 trillion at the end of June. International Monetary Fund figures show that of Japan's $9.96 trillion assets overseas, around $3.7 trillion is in equity-related investments, and some $5.7 trillion in debt instruments, including official reserves. Deutsche Bank strategist Alan Ruskin says a YCC change could have spillover effects that could last for a few weeks. Meanwhile, Japanese retail foreign currency deposits at domestic banks rose to 26.58 trillion yen ($182 billion) at the end of August, up 8.3% since the start of the year.

NAPERVILLE, Ill., Oct 18 (Reuters) - Ukraine’s grain exports have recently increased to within striking distance of the year-ago numbers, but that could be a brief phenomenon as the recent harvest is significantly smaller than last year’s record. October grain shipments through Monday of 2.12 million tonnes were just 2.4% below the same period a year earlier. Still, Ukraine’s total grain exports for the 2021-22 year ended June 30 rose 8.5% on the year, but 2022-23 is well behind last year’s pace even with the October boost. Old corn could continue padding near-term corn shipments despite an incoming harvest down 25-40% on the year. Russia’s invasion of Ukraine sent wheat prices to new highs as the two countries could previously account for nearly 30% of global wheat exports.

☆ Japan keeps up warnings over rapid yen moves after G20
▼ + stars: | 2022-10-17 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

Japan's vice minister of finance for international affairs, Masato Kanda, poses for a photograph during an interview with Reuters at the Finance Ministry in Tokyo, Japan January 31, 2022. The phrasing about "decisive steps" is at times deployed as a prelude to intervention, although the authorities' warnings on currency moves have not generally had consistent or long-lasting effects on the markets. On Monday, the yen was again hovering close to 149 per dollar, trading around 148.70. The yen's sharp moves also heighten uncertainty for firms in making business decisions. Japanese policymakers have said they won't seek to defend a certain yen level, and instead will focus on smoothing volatility.

☆ France's CGT union extends strikes at TotalEnergies as petrol crisis drags on
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +3 min

"We have seen a masquerade ... the offers on the table are clearly insufficient", CGT representative Alexis Antonioli told journalists after his union left the talks. But this does not mean the strikes may end anytime soon as the standoff with the union persists. The CGT previously said it wanted a 10% wage rise, citing inflation and windfall profits made by the company resulting from the global energy crisis. "The company is in good shape and shareholders have been rewarded for a long time," Philippe Martines, the head of the CGT union, told franceinfo radio. The CGT union, France's second-largest, is seeking to scale up the movement and calls for nationwide industrial action across sectors which could hamper parts of the country's infrastructure this autumn.

☆ The bond vigilantes will feast on the U.K. over the next few weeks, says Andy Brenner
▼ + stars: | 2022-10-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe bond vigilantes will feast on the U.K. over the next few weeks, says Andy BrennerAndy Brenner, head of international fixed income at National Alliance Securities, joins 'The Exchange' to discuss if any danger has been averted in the United Kingdom, where Brenner looks for potential spillover effect, and more.

Banknotes of the euro, Hong Kong dollar, U.S. dollar, Japanese yen, GB pound and Chinese yuan are seen in this picture illustration, in Beijing, China, January 21, 2016. Register now for FREE unlimited access to Reuters.com RegisterData showing U.S. producer prices increased more than expected in September, further boosted the dollar against the yen. Following the U.S. PPI data, the greenback rose as high as 146.88 yen , its strongest level since August 1998. Japanese authorities staged their first yen-buying intervention since 1998 on Sept. 22, when the dollar was at 145.90 yen. The risk-sensitive Australian dollar sank to a 2 1/2-year low of US$0.6236, and was last flat on the day at US$0.6268.

☆ UK pensions sector must move quickly as BoE deadline looms - regulator
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 12 (Reuters) - UK pension fund trustees should step up engagement with investment managers to quantify funding gaps and risks prior to the end of the Bank of England's (BoE) emergency bond-buying scheme on Oct. 14, The Pensions Regulator said on Wednesday. The regulator has also encouraged schemes to consider appointing professional trustees and to discuss whether employers are able to provide cash to help plug any liquidity shortfall, it said in a guidance statement for pension fund trustees and advisers. The BoE has had to step in to stabilise markets. In a sign of the spillover of the stress to other asset classes, Columbia Threadneedle said late on Tuesday it had suspended a property fund aimed at retail investors. read more($1 = 0.9118 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Sinead Cruise and Carolyn Cohn Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Analysis: Global bonds move in lockstep, ramping up investors' risk
▼ + stars: | 2022-10-11 | by ( Davide Barbuscia | ) www.reuters.com time to read: +5 min

As a result, we’re seeing significantly elevated correlations between bond markets," said Andy Sparks, head of portfolio management research at MSCI. "The high level of correlation across global bond markets means that allocating to ex-U.S. bonds is that much less effective," said Gregory Peters, co-chief investment officer at PGIM Fixed Income. Peters doesn't expect the correlations to moderate until central banks' monetary policies diverge significantly, and he has reduced his exposure to sovereign bonds outside the U.S. "That's something that brings these global issues on U.S. investors' radars, because they are becoming first order market drivers." Martin Harvey, portfolio manager of the Hartford World Bond Fund, expects monetary policy regimes to start diverging next year.

☆ How West can mobilise trillions to help save Earth
▼ + stars: | 2022-10-10 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

LONDON, Oct 10 (Reuters Breakingviews) - War, inflation, debt, hunger, energy security and fear of recession will dominate the discussions at the annual meetings of the World Bank and International Monetary Fund this week. America and a group of other countries have given the World Bank until December to come up with a plan. Register now for FREE unlimited access to Reuters.com RegisterThe West has self-interested reasons to mobilise trillions of dollars to help the poorer nations of the so-called Global South transition from fossil fuels. But getting this money to flow to the Global South is tough because investors don’t think the returns on offer justify the risks. It is therefore encouraging that America and other leading shareholders have given the World Bank its marching orders and that Malpass has responded positively.

☆ Choked-Up Yards and Trailer Shortages Box In America’s Truckers
▼ + stars: | 2022-10-08 | by ( Paul Berger | ) www.wsj.com time to read: +8 min

“There’s a lot more hours and a lot more waiting, just because there’s no chassis.” Mr. Carrera said. Mr. Carrera uncouples a truck trailer, known as a chassis, from his rig at a yard outside Chicago. Mr. Carrera works as an independent owner-operator for California Cartage, a subsidiary of NFI Industries, a Camden, N.J.-based logistics and trucking operator. Mr. Carrera arrived at the container yard that held the Michaels box at about 6:45 a.m. His was the seventh truck in line when the yard opened. There was another empty container waiting nearby that needed to be picked up.

"There will be impacts, there’s correlations ... some market volatility, and then how it weighs in the global growth picture," said Paul Malloy, head of municipals at Vanguard. The wild swings in the pound have ricocheted across currency markets, where volatility was already climbing. According to the widely watched Deutsche Bank Currency Volatility Index , volatility across currencies on Wednesday hit its highest level since the March 2020 COVID-19- induced market meltdown, jumping more than 20% from levels last week. Closely followed indicators of financial stress remain contained. U.S. stock market volatility as measured by the "fear index," the VIX (.VIX), has also climbed in recent days but remains below its 2022 highs.

☆ Wall Street keeps selling as world assets fail to recover
▼ + stars: | 2022-09-27 | by ( Lawrence Delevingne | ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 27, 2022. The Bank of England said late on Monday it would not hesitate to change interest rates and was monitoring markets "very closely." U.S. stocks mostly faltered after a morning bounce, with the S&P 500 hitting a two-year intraday low. The MSCI world equity index (.MIWD00000PUS) reversed early gains on Tuesday, falling about 0.3% to a near two-year low early Tuesday afternoon. MSCI's broadest index of Asia shares outside Japan (.MIAPJ0000PUS) hit a fresh two-year low and was flat on the day.

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