SYDNEY: Asian share markets were attempting a rare rally on Monday after Wall Street managed a bounce from deep lows, though investors were also braced for bad news from Chinese economic data due later in the session. Forecasts are for a fall of 6.1% in China's annual retail sales, while industrial output is seen rising just 0.4%. Risks are to the downside given new bank … [Read more...] about Asia stocks try to bounce, China data a risk
Commodities
FTX’s billionaire chief says bitcoin has no future as a payments network- FT
CRYPTOCURRENCY exchange FTX's founder has said that bitcoin has no future as a payments network and criticized the digital currency for its inefficiency and high environmental costs, the Financial Times reported on Monday. Bitcoin, the world's largest cryptocurrency, is created by a process called "proof of work" that requires computers to "mine" the currency by solving … [Read more...] about FTX’s billionaire chief says bitcoin has no future as a payments network- FT