By Davide Barbuscia and Karin Strohecker NEW YORK (Reuters) – Investors hit by Russia’s debt default may have to settle some of their positions privately if the U.S. Treasury does not green-light an auction that would allow billions of dollars of insurance to be paid out. Russia last month defaulted on its international bonds for…
By Tom Westbrook SINGAPORE (Reuters) -The Japanese yen rose by nearly half a percent against the U.S. dollar on Friday, in what appeared to be safe-haven buying in the minutes after news that former prime minister Shinzo Abe had been shot. The yen rose as far as 135.33 per dollar after news that Abe had…
(Reuters) – The U.S. Treasury said on Thursday it had delivered “a framework” to President Joe Biden for international engagement and an inter-agency approach to address the risks and benefits of digital assets. The framework also directs the administration to promote development of digital asset and central bank digital currencies (CBDC) technologies. The United States…
By Daniel Leussink TOKYO (Reuters) -Japan’s household spending posted a surprise drop in May, falling for the third consecutive month as the global chip shortage hurt car sales in a worrying sign for the outlook of the world’s third-largest economy. Households are also facing pressure from the yen’s sharp decline that is pushing up prices…
By Brendan O’Boyle and Gabriel Araujo MEXICO CITY (Reuters) -Mexico’s annual inflation accelerated in June to a level not seen since early 2001, official data showed on Thursday, leaving the central bank little choice but to continue its monetary tightening to tame spiraling consumer prices. Mexican consumer prices rose 7.99% in the year through June,…
(Reuters) – Former U.S. President Donald Trump was removed as a director from the board of Trump Media & Technology Group (TMTG) last month, state documents showed, weeks before the firm was served with subpoenas from federal authorities. The document from the Florida Department of State Division of Corporations, dated June 8, also showed that…
(Reuters) – U.S. Secret Service Director James Murray is joining social media company Snap Inc as its chief security officer following his retirement from federal service, a Snap spokesperson said on Thursday. Murray’s retirement was announced by the Secret Service in a statement earlier on Thursday. He will start in his new role with Snap…
By Jody Godoy (Reuters) -A U.S. jury on Thursday convicted former Theranos Inc President Ramesh “Sunny” Balwani of defrauding investors and patients about the blood testing startup that was once valued at $9 billion. The San Jose, California, jury deliberated for a little more than five days before convicting Balwani on two counts of conspiracy…
By David Randall NEW YORK (Reuters) – Growing worries about a potential recession in the United States are tempting some investors back into the Treasury market, despite bruising declines in U.S. government bonds throughout the first half of 2022. Surging U.S. inflation and rising interest rates have dulled the allure of Treasuries this year, dealing…
By Rose Horowitch WASHINGTON (Reuters) – U.S. Senate Democrats are finalizing a plan to close a tax loophole used by many companies, and they want to use those revenues to shore up the government-run Medicare healthcare program for the elderly and disabled, a source familiar with the discussions said on Thursday. Democrats expect to submit…
