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TOKYO, Aug 18 (Reuters) – The dollar headed for a fifth winning week versus major peers, the longest streak for 15 months, as a resilient U.S. economy argued for high rates for longer while China’s floundering recovery spurred demand for the safety of the U.S. currency. On Friday, however, the dollar trimmed some of those … Read more
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The PayPal logo is seen at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing Rights LONDON, Aug 16 (Reuters) – Payments giant PayPal (PYPL.O) will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions. Britain’s … Read more
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Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File Photo Acquire Licensing Rights A look at the day ahead in U.S. and global markets from Mike Dolan Restive bonds showed signs of calm on Wednesday, but … Read more
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A woman walks past a man examining an electronic board showing Japan’s Nikkei average and stock quotations outside a brokerage, in Tokyo, Japan, March 20, 2023. REUTERS/Androniki Christodoulou/File Photo China cuts short-term rates Japan GDP beats expectations, Nikkei jumps MSCI Asia ex-Japan index falls 0.2% SYDNEY, Aug 15 (Reuters) – Asian stockmarkets were pinned near one-month … Read more
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The U.S. Federal Reserve building in Washington, D.C./File Photo Aug 8 (Reuters) – State banks that are a member of the U.S. Federal Reserve system should obtain a written supervisory nonobjection from the Fed before issuing, holding or transacting in dollar tokens used to facilitate payments, such as stablecoins, the central bank said in a … Read more
The PayPal logo is seen at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch/File Photo Aug 7 (Reuters) – Payments giant PayPal (PYPL.O) said on Monday it has launched a U.S. dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. PayPal’s announcement, which lifted … Read more
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. REUTERS/Brendan McDermid/File Photo Aug 2 (Reuters) – Fitch’s downgrade of the U.S. credit rating is likely to exacerbate unease about the country’s debt position, political polarization and the global standing of the U.S. dollar, investors … Read more
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TOKYO, Aug 1 (Reuters) – Asian stocks edged toward a sixteen-month peak on Tuesday and oil held near recent highs as investors began to find more cause for cheer over global economic prospects than reasons to worry, even as data showed risks remain. The dollar hit a three-week high against the yen as investors continued … Read more
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NEW YORK, July 31 (Reuters) – Terraform Labs and its founder Do Kwon must face fraud allegations brought by the U.S. Securities and Exchange Commission, a federal judge in Manhattan ruled on Monday. Kwon and Terraform Labs were behind two cryptocurrencies whose implosion roiled crypto markets around the world last year. U.S. District Judge Jed … Read more
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A look at the day ahead in U.S. and global markets from Mike Dolan The Bank of Japan added its own twist to a week of rising central bank interest rates on Friday, and it proved an unlucky 13 for Dow Jones bluechips (.DJI) on Wall St. The BOJ’s long-awaited tweak of its ultra-easy bond-buying … Read more