The dollar dropped on Thursday after Federal Reserve Chair Jerome Powell was interpreted as being generally dovish in comments made at an economic forum, even as he warned that the U.S. central bank could raise interest rates again. The U.S. economy’s strength and continued tight labor markets could warrant further rate increases, Powell said. But […]
Most Asian currencies kept to a tight range on Friday, while the dollar steadied following somewhat mixed comments from Federal Reserve Chair Jerome Powell on the path of interest rates. Persistent concerns over the Israel-Hamas war also kept traders largely wary of risky assets, especially amid growing fears over a bigger conflict in the Middle […]
Negotiations over a pay and conditions deal between Chevron (NYSE:CVX) and unions at its liquefied natural gas (LNG) facilities in Australia made progress again on Friday, but fell short of sealing a deal to end months of labour disputes at the major export sites. Chevron and unions held a third day of talks before Australia’s industrial arbitrator, the Fair […]
Cryptocurrency exchange, Coinbase (NASDAQ:COIN), has formally lodged objections against the Internal Revenue Service’s (IRS) proposed tax regulations for digital transactions. The firm argues that these rules could infringe on Americans’ privacy rights and lead to burdensome reporting requirements. Coinbase asserted these regulations would lead to invasive government surveillance into Americans’ daily activities, raising concerns about […]
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 […]
