A digital euro would allow consumers in Europe to pay with central bank money but it would not be an investment object similar to cryptocurrencies, Bank of Finland board member Tuomas Valimaki said on Thursday. On Wednesday, the European Central Bank took a further step towards launching a digital version of the euro that would […]
The Reserve Bank of India (RBI) sold a net $3.86 billion in the spot foreign exchange market in August, according to data released on Thursday as part of the central bank’s monthly bulletin. The RBI said it purchased $500 million and sold $4.36 billion during the period. In July, the central bank had bought a […]
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 […]
