(This June 17 story corrects title in last paragraph to executive director, not CEO.) FRANKFURT (Reuters) – A global dirty money watchdog said on Friday it was keeping Pakistan on its “grey list” of countries under increased monitoring but said it might be removed after an on-site visit to verify its progress on tackling terrorism …
Global dirty money watchdog keeps Pakistan on ‘grey list’ Read More »
HONG KONG (Reuters) – Hong Kong’s de-facto central bank bought HK$12.819 billion ($1.63 billion) from the market in New York trading hours to stop the local currency weakening and breaking its peg to the U.S. dollar. The Hong Kong dollar is pegged to a tight band of between 7.75 and 7.85 versus the U.S. dollar. …
HKMA buys HK$12.8 billion from market as currency hits weak end of trading band Read More »
By Leika Kihara and Kantaro Komiya TOKYO (Reuters) – The Bank of Japan maintained ultra-low interest rates on Friday and vowed to defend its cap on bond yields with unlimited buying, bucking a global wave of monetary tightening in a show of resolve to focus on supporting a tepid economic recovery. The yen fell as …
BOJ maintains ultra-low rates, warns against sharp yen falls Read More »
By Scott DiSavino NEW YORK (Reuters) – Oil prices tumbled about 6% to a four-week low on Friday on worries that interest rate hikes by major central banks could slow the global economy and cut demand for energy. Also pressuring prices, the U.S. dollar this week rose to its highest level since December 2002 against …
Oil slumps 6% to four-week low on recession worries, strong dollar Read More »
By David Shepardson and Echo Wang WASHINGTON/NEW YORK (Reuters) – Republican senators on Friday asked TikTok Chief Executive Shou Zi Chew about reports the social media site had allowed Russian state-approved media content but barred other videos. “Recent reports indicate TikTok… has allowed Russian state media to flood the platform with dangerous pro-war propaganda. No …
U.S. senators press TikTok on whether it allows Russian ‘pro-war propaganda’ Read More »
By Koh Gui Qing NEW YORK (Reuters) – World stocks on Friday closed out their steepest weekly slide since the pandemic meltdown of March 2020, as investors worried that tighter monetary policy by inflation-fighting central banks could damage economic growth. The U.S. Federal Reserve’s biggest rate hike since 1994, the first such Swiss move in …
Stocks in biggest weekly loss since 2020 on interest-rate worries Read More »
By Anthony Boadle BRASILIA (Reuters) -South Korean aerospace and defense company Innospace will be the first private business to send up a rocket from the Alcantara launch center in northern Brazil in December, Brazilian Space Agency President Carlos Moura told Reuters on Friday. Innospace, which plans to make low-cost small satellite launches more accessible from …
South Korea’s Innospace to launch rocket from Brazil in December -official Read More »
By John McCrank NEW YORK (Reuters) – The Japanese yen tumbled against the dollar on Friday after the Bank of Japan bucked a wave of tightening and stuck with its ultra-accommodative stance, adding to soaring volatility in currency markets hit by a series of rate hikes this week. Currency markets have been roiled by one …
Yen tanks as FX market adjusts to central bank rate decisions Read More »
(Reuters) -Cryptocurrency hedge fund Three Arrows Capital Ltd is exploring options, including the sale of assets and a bailout by another firm, the Wall Street Journal reported on Friday. The crypto market has suffered heavy losses, with companies such as Coinbase, Gemini, Blockfi and Crypto.com laying off thousands of employees, as investors sell risky assets …
Crypto hedge fund Three Arrows Capital considers asset sales, bailout – WSJ Read More »
By Saqib Iqbal Ahmed, Tom Westbrook and Dhara Ranasinghe NEW YORK (Reuters) – Expectations for how drastically central banks need to tighten monetary policy to fight soaring inflation have taken another leap higher, shaking up global markets and rattling investors. Among the eye-catching moves from monetary authorities in recent days have been a 75-basis-point increase …
Global markets quake as central banks grow more hawkish Read More »
