By Jody Godoy (Reuters) – A U.S. judge considered whether the digital assets created by Terraform Labs were securities at a hearing on Thursday, a question central to the U.S. Securities and Exchange Commission’s fraud case against the company and its founder Do Kwon. Kwon and Terraform Labs were behind two cryptocurrencies whose implosion roiled…
By Jody Godoy (Reuters) – A U.S. judge considered whether the digital assets created by Terraform Labs were securities at a hearing on Thursday, a question central to the U.S. Securities and Exchange Commission’s fraud case against the company and its founder Do Kwon. Kwon and Terraform Labs were behind two cryptocurrencies whose implosion roiled…
(Reuters) -Power use in Texas will break records next week as homes and businesses crank up their air conditioners to escape the first heat wave of the 2023 summer season, the state’s power grid operator projected on Friday. The Electric Reliability Council of Texas (ERCOT), which operates the grid for more than 26 million customers…
By Leigh Thomas PARIS (Reuters) – One of the two pillars of a global corporate tax overhaul due to come into force next year is at risk of collapsing as plans over how to share taxing rights on the 100 biggest, most profitable multinationals fall victim to domestic U.S. politics. Nearly 140 countries are supposed…
By Byron Kaye, Melanie Burton and Praveen Menon SYDNEY (Reuters) – Some of Australia’s biggest companies, including miners, banks and retailers, are emerging as powerful sources of support for a campaign to recognise the country’s Indigenous people in the constitution, a development that could sway the outcome of a referendum later this year. The advocacy…
By Jason Hovet PRAGUE (Reuters) – The Czech National Bank is likely to opt against hiking interest rates further but chances of a rate cut are shifting later into 2023, or beyond, as inflation pressures linger, a Reuters poll showed on Friday. The central bank meets on June 21, following a narrow 4-3 vote in…
By Howard Schneider WASHINGTON (Reuters) – Richmond Federal Reserve president Thomas Barkin said Friday he is comfortable with further interest rate increases if coming data does not show that weakening demand for goods and services is feeding through to slower inflation. “I am still looking to be convinced of the plausible story that slowing demand…
By Ali Kucukgocmen and Ezgi Erkoyun ISTANBUL (Reuters) – Turkey’s central bank is expected to raise its policy rate by a huge 1,150 basis points next week, from 8.5% to 20%, a Reuters poll showed on Friday, in a policy U-turn after rate cuts under President Tayyip Erdogan led to a cost-of-living crisis. The central…
By Leika Kihara TOKYO (Reuters) -The Bank of Japan will scrutinise the effects and side-effects of its unconventional monetary policy tools deployed during a 25-year battle with deflation in a scheduled long-term review, Governor Kazuo Ueda said on Friday. Japan’s bitter memories of its decades-long battle with deflation hang heavily over the central bank’s deliberations…
By Leika Kihara TOKYO (Reuters) -The Bank of Japan will scrutinise the effects and side-effects of its unconventional monetary policy tools deployed during a 25-year battle with deflation in a scheduled long-term review, Governor Kazuo Ueda said on Friday. Japan’s bitter memories of its decades-long battle with deflation hang heavily over the central bank’s deliberations…
