By Leika Kihara and Takahiko Wada TOKYO (Reuters) – G7 policymakers must speed up creation of a common framework to regulate digital currencies, as the Ukraine war heightens the need to avoid them being used as a loophole against sanctions, a senior Bank of Japan official said. Cryptoassets and stablecoins have come under the regulatory…
By Jarrett Renshaw, Steve Holland and Timothy Gardner WASHINGTON (Reuters) -The Biden administration is considering releasing up to 180 million barrels of oil over several months from the Strategic Petroleum Reserve (SPR), four U.S. sources said on Wednesday, as the White House tries to lower fuel prices. The move would mark the third time the…
BEIJING (Reuters) -Activity in China’s factory and services sectors swung into negative territory in March, an official survey showed on Thursday, contracting simultaneously for the first time since the peak of the country’s COVID-19 outbreak in 2020. The official manufacturing Purchasing Managers’ Index (PMI) fell to 49.5 from 50.2 in February, the National Bureau of…
SHANGHAI (Reuters) – China’s securities regulator said on Thursday both China and the United States have a willingness to solve their audit disputes, and the outcome depends on the wisdom of both parties. The China Securities Regulatory Commission said whether Chinese companies listed in the United States are delisted in the future depends on the…
By Alun John HONG KONG (Reuters) – The euro held at a one-month high against the dollar on Thursday, having rallied on hopes the war in Ukraine might be entering a new de-escalating phase, while the yen was set for its worst month since November 2016. The European single currency was at $1.1175 holding its…
By Jeffrey Dastin and Julia Love (Reuters) -Labor board officials expect to start counting votes by Amazon.com Inc warehouse workers in New York City and Alabama on Thursday afternoon in separate contests that will decide if Amazon sees a U.S. workplace unionize for the first time. In Bessemer, Alabama, Amazon employees voted in a repeat…
SINGAPORE (Reuters) -GoTo Group, Indonesia’s biggest tech firm, said on Thursday it plans to raise $1.1 billion in an initial public offering (IPO), pricing the offer in the top half of its indicative range after receiving regulatory approval. GoTo, formed last year by the merger of ride-hailing-to-payments firm Gojek and e-commerce leader Tokopedia, surprised some…
By David Lawder WASHINGTON (Reuters) -U.S. Treasury officials are urging municipalities to divert part of their shares of $350 billion in state and local COVID-19 aid to help struggling renters stay in their homes as the Emergency Rental Assistance runs short of funds this summer. The Treasury said on Wednesday the $46.6 billion program aimed…
(Reuters) – Turnout for Amazon.com Inc’s repeat union vote in Alabama decreased from last year, a labor group said on Wednesday, adding that it expects U.S. labor officials to begin tallying the result Thursday afternoon. About 39% of the 6,143 workers designated to receive mail ballots voted in the contest, according to the Retail, Wholesale…
By David Shepardson WASHINGTON (Reuters) -Major U.S. and foreign automakers on Wednesday backed the Environmental Protection Agency’s (EPA) new tougher vehicle emissions regulations in a court challenge brought by some states and ethanol groups. Texas and 15 other states have challenged the EPA’s vehicle emissions rules that reverse a rollback of tailpipe rules issued under…
