Category Archives:
Global regulators back ‘same risk, same regulation’ for stablecoins
By Huw Jones LONDON (Reuters) - Major stablecoins must comply with the same safeguards as traditional forms of payments, global regulators said on Wednesday, tightening controls over a battered crypto...
Jul 12, 2022
EU edges closer to ending ‘too-big-to-fail’ banks by 2024
By Huw Jones LONDON (Reuters) - The European Union's body for dismantling failed banks said on Wednesday it would ratchet up pressure on lenders over the coming months to bolster their defences so tha...
Jul 12, 2022
Asian shares bounce, markets on edge ahead of U.S. inflation data
By Alun John (Reuters) - Asian stocks gained on Wednesday, taking back some of their recent losses, while the euro hovered just above parity against the dollar ahead of a highly anticipated U.S. infla...
Jul 12, 2022
China’s foreign trade faces instabilities and uncertainties: customs official
BEIJING (Reuters) - China's foreign trade still faces instabilities and uncertain factors even as trade growth in May and June reversed the declining trend in April, said Li Kuiwen, a spokesman for th...
Jul 12, 2022
RBNZ raises cash rate by 50 basis points
WELLINGTON (Reuters) - New Zealand's central bank raised interest rates by 50 basis points to 2.50% on Wednesday, its sixth rate hike in a row in an effort to get on top of inflation. Twenty of the 22...
Jul 12, 2022
Euro clings to parity as traders wait on U.S. inflation
By Rae Wee and Tom Westbrook SINGAPORE (Reuters) - The euro hovered a whisker above parity on the dollar on Wednesday ahead of U.S. inflation data, with traders wary a sky-high reading could force it ...
Jul 12, 2022
Vietnam’s Vinfast says agrees $4 billion EV factory funding with Credit Suisse, Citi
HANOI (Reuters) - Vietnam carmaker Vinfast has signed framework agreements with Credit Suisse (Singapore) Ltd and Citigroup Global Markets Inc. (USA) to raise at least $4 billion to develop an electri...
Jul 12, 2022
S.Korea’s central bank joins peers in historic half-point rate hike
By Cynthia Kim and Jihoon Lee SEOUL (Reuters) - South Korea's central bank on Wednesday delivered a historic half-point interest rate hike to wrest control of inflation running at the fastest pace in ...
Jul 12, 2022
Oil prices slip on anticipated U.S. inventory build amid demand worries
By Laura Sanicola (Reuters) - Oil prices fell in early Asian trading on Wednesday as U.S. inventory data showed buildups in crude oil and refined products amid rising fears of a global economic slowdo...
Jul 12, 2022
U.S. state Vermont regulator says Celsius lacks assets to repay customers, creditors
(Reuters) - Vermont's Department Of Financial Regulation on Tuesday said troubled crypto lender Celsius is "deeply insolvent" and lacks the assets and liquidity to honor its obligations to customers a...
Jul 12, 2022
Peoria, IL, USA
69 °F Thunderstorm In Vicinity
