Western Europe

London Metal Exchange hit with two U.S. lawsuits over nickel trading chaos

KEY POINTS Jane Street Global Trading filed a judicial review claim in the English High Court on Monday, a memo from LME-owner Hong Kong Exchanges and Clearing (HKEX) confirmed. The filing from the U.S. market maker comes just days after hedge fund Elliott Associates filed a suit for $456 million relating to the same chaotic …

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European markets close higher as mining stocks lead gains; Just Eat Takeaway shares up 12%

KEY POINTS The positive start for European stocks came after markets closed lower last Friday after data showed the U.S. economy added 390,000 jobs in May. The latest U.S. inflation reading at the end of the week will be a key focus for investors. LONDON — European stocks advanced on Monday as international markets gear …

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Apartment Sold for Bitcoin in Portugal After New Regulation Allows Property Deals in Crypto

An apartment in Portugal has changed hands, with the buyer paying directly in cryptocurrency in a reported first for the country. The home was purchased for 3 bitcoins without conversion to euros, under a new regulation permitting real estate deals with digital currencies. Buyer Pays With Bitcoin for Apartment in Braga, Portugal A three-room (two-bedroom) …

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Global Payments Partners with Bakkt, Offering Crypto and Loyalty Programmes

Bakkt Holdings, Inc – a fintech firm that provides crypto solutions – announced on Monday a strategic alliance with Global Payments Inc – a US firm that offers payment technology and services to merchants, issuers and consumers – to expand use cases of cryptocurrencies. The strategic partnership will see Global Payments enable crypto redemption to …

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