By Hannah Lang (Reuters) – May the best exchange win? Crypto platforms are vying for dominance in the United States, the world’s biggest market, following a regulatory crackdown that’s shaken the sector. Coinbase and Binance.US, two of the largest crypto exchanges by market share among those operating in America, have lost ground this year. The…
By Nupur Anand, Niket Nishant and Saeed Azhar NEW YORK (Reuters) -Wall Street banks are expected to report higher profits for the second quarter as rising interest payments offset a downturn in dealmaking. For universal banks such as JPMorgan and Wells Fargo <WFC.N> that serve retail consumers as well as corporations, earnings per share (EPS)…
LONDON (Reuters) – The dollar’s grip as the dominant global currency is loosening, credit rating agency S&P Global’s top economist said on Tuesday. Aggressive U.S. sanctions such as last year’s freezing of hundreds of billions of dollar’s worth of Russia’s reserves has seen a flurry of countries start to do some trade in currencies other…
By Jorge Otaola BUENOS AIRES (Reuters) -An Argentine team is traveling on Tuesday to the United States to meet with officials from the International Monetary Fund (IMF) to negotiate terms to relax the agreement between the two, a source at Argentina’s economy ministry said. Argentina, Latin America’s third-largest economy, is looking for fresh cash injections…
VILNIUS (Reuters) – The 31-member NATO alliance gathered in the Lithuanian capital Vilnius on July 11-12. Below is the agreed language regarding Ukraine and its future pathway to NATO membership. We reaffirm our unwavering solidarity with the government and people of Ukraine in the heroic defence of their nation, their land, and our shared values….
By Foo Yun Chee BRUSSELS (Reuters) – Amazon is challenging its inclusion in a group of companies subject to tough European Union online content rules, in a move that may prompt other tech giants to follow suit. The challenge at the Luxembourg-based General Court, Europe’s second highest, is the first by a Big Tech company…
WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday that the IMF expects global growth around 3% annually for the next five years, well below historical averages of about 3.8%, which may pressure capital flows. Georgieva said in opening remarks at an IMF economics lecture that governments, particularly in emerging markets,…
VILNIUS (Reuters) – NATO leaders have reached agreement over how to define their future relationship with Ukraine, including its membership bid, four diplomats said on Tuesday. One of the diplomats said the final wording on the declaration regarding Ukraine’s future membership read that NATO “will be in a position to extend an invitation to join…
WASHINGTON (Reuters) – The U.S. Treasury Department on Tuesday said it was calling for Large Position Reports from entities holding more than $10.2 billion worth of a six-month Treasury bill maturing on June 8, around the department’s deadline for a potential default had Congress failed to raise the debt ceiling. The Treasury said it was…
By Gabriel Araujo SAO PAULO (Reuters) -Brazil’s annual inflation in June fell to its lowest level since September 2020, data from statistics agency IBGE showed on Tuesday, renewing bets that an interest rate cut is around the corner as consumer prices continue to trend down. Annual inflation in Latin America’s largest economy slowed to 3.16%…
