Asia shares edge higher, data-packed week ahead
A man walks past an electric monitor displaying Nikkei share average and the Japanese yen exchange rate against the U.S....
archiveASXPAC
Dollar up as Chair Powell says Fed may need to raise interest rates further
U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNEW YORK, Aug...
European stocks edge up, euro dips on ECB rate pause expectations
LONDON, Aug 25 (Reuters) - European shares edged higher and the euro fell to its lowest since mid-June on Friday...
Morning Bid: Dollar rockets as Powell trumps AI
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City,...
What is a BRICS currency and is the U.S. dollar in trouble?
Delegates walk past the logos of the BRICS summit during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. GIANLUIGI GUERCIA/Pool via REUTERS Acquire Licensing RightsJOHANNESBURG, Aug 23 (Reuters) - Brazil's President called on Wednesday for the BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their vulnerability to dollar exchange rate fluctuations.Luiz Inacio Lula da Silva made the proposal at a BRICS summit in Johannesburg.Officials and economists have pointed out the...
US charges two founders of sanctioned virtual currency mixer Tornado Cash with money laundering
Aug 23 (Reuters) - The United States on Wednesday indicted Roman Semenov and Roman Storm, two co-founders of the virtual currency mixer Tornado Cash, for their involvement with the banned outfit and related laundering of up to $1 billion in criminal proceeds.Storm, a naturalized U.S. citizen who lives in Washington state, was arrested on Wednesday, while Semenov - a Russian national - is yet to be taken into custody, the U.S. Attorney's Office in New York said in a statement.The criminal charges against both men, which include conspiracy to commit...
Russia prepares decree to unfreeze and swap assets with foreign investors
A Russian state flag flies over the Central Bank headquarters in Moscow, Russia, August 15, 2023. A sign reads: "Bank of Russia". REUTERS/Shamil Zhumatov/File Photo Acquire Licensing RightsAug 23 (Reuters) - Russian authorities are working on a draft presidential decree to give the country's retail investors a way to unblock their frozen assets held in overseas accounts and sell them to foreign parties, the central bank said on Wednesday.International sanctions against Moscow over its invasion of Ukraine have blocked many Russian investors' access to securities held in jurisdictions outside the...
US seeks focused, efficient fund for climate disasters
A man rides a boat past toll plaza amid flood water on main Indus highway, following rains and floods during the monsoon season in Sehwan, Pakistan, September 15, 2022. REUTERS/Akhtar Soomro/File Photo Acquire Licensing RightsWASHINGTON, Aug 23 (Reuters) - When countries adopt a global fund for climate disaster losses and damages at this year's U.N. climate conference, the U.S. will be arguing to efficiently limit its use, said U.S. officials giving a first glimpse of how Washington is seeking to shape the new fund.With wealthy nations slow to deliver $100...
Investors expect ECB rate-hike pause in September after dismal PMIs
A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023....
Morning Bid: ‘Flash’ business funk and AI buzz
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City,...
