Britain’s antitrust regulator on Friday cleared Microsoft (NASDAQ:MSFT)’s acquisition of “Call of Duty” maker Activision Blizzard (NASDAQ:ATVI) after the restructured deal substantially addressed its earlier concerns. Activision had in August agreed to sell its streaming rights to Ubisoft Entertainment, and Microsoft last month offered remedies to ensure the terms of the sale were enforceable by […]
Russia’s central bank on Thursday endorsed President Vladimir Putin’s decision to reimpose currency controls, a measure it had been reluctant to take, preferring higher interest rates to try and stem the rouble’s sharp devaluation in recent months. The government said late on Wednesday that Putin had signed a decree reintroducing capital controls for an undisclosed […]
The dollar rose sharply on Thursday after U.S. consumer prices rose more than expected in September, lifted by an elevated cost of rent that raised the prospect of the Federal Reserve keeping interest rates high for some time. The Labor Department’s report on Thursday showed the annual increase in consumer prices last month, excluding the […]
The Bank of Japan’s money market data indicated on Thursday that a mysterious spike in the yen rate against the dollar on Tuesday was likely not the product of official Japanese intervention. The central bank’s projection for Friday’s money market conditions indicated a 1.09 trillion yen ($7.32 billion) net receipt of funds, not far from […]
South Africa’s central bank Governor Lesetja Kganyago said on Thursday that the bank would not step in to protect the local currency despite its current weakness and that the rand was caught up in a realignment of global currencies. Kganyago told a webinar that the bank was only concerned about the currency to the extent […]
Iraq will ban cash withdrawals and transactions in U.S dollars as of Jan. 1 2024 in the latest push to curb the misuse of its hard currency reserves in financial crimes and the evasion of U.S. sanctions on Iran, a top Iraqi central bank official said. The move aims to stamp out the illicit use […]
