(Reuters) - The once-brash U.S. shale industry, which spent profusely in recent years to grab market share, is now focused on preserving cash, putting it at a disadvantage to low-cost OPEC producers as the global economy begins to gear up again. Prior to the pandemic-induced downturn, OPEC countries

TOKYO, March 3 (Reuters) - Japanese shares ended marginally higher on Wednesday, as investors picked up cyclical stocks on hopes of a quicker economic recovery from the pandemic-led recession. However, gains were capped by worries about bond market volatility and talk of huge selling for rebalancing

Photo: FM The cryptocurrency inflows took a major hit last week as the price of leading digital assets dropped sharply in the last 7 days. Despite a dip in overall inflows in crypto-related investment products, Polkadot reported a surge in weekly inflows. According to the latest weekly cryptocurrenc

Photo: Binance CEO Changpeng Zhao (Source: PC Tech Mag) Cryptocurrency exchange Binance has invested an undisclosed amount in Texas-based crypto fund, Multicoin Capital. The world’s most influential crypto platform said the new investment is unique in nature and makes Binance a limited partner in th

Photo: Bloomberg New York-based exchange and stablecoin issuer, Paxos has completed the so-called Service Organization Control (SOC) 2 Type II examination, performed by the independent audit firm, Ernst and Young. The certification covers Paxos’ custody, exchange and stablecoin product platforms, in

CME Group’s preliminary readings for crude oil futures markets noted open interest went down by nearly 25.5K contracts on Tuesday. On the other direction, volume rose for the second straight session, now by around 46.2K contracts. WTI focused on 2021 highs and the OPEC+ Prices of the WTI seem to hav

NZD/USD is now seen navigating within the 0.7230-0.7360 for the time being, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We expected NZD to ‘trade sideways between 0.7230 and 0.7300’ yesterday. NZD subsequently dropped to 0.7210 before rebounding strongly to an overnight high of