(Reuters) -Binance said on Friday it was withdrawing from Canada, weeks after the country issued a series of new guidelines for cryptocurrency exchanges including investor limits and mandatory registrations. Canada has tightened regulations for crypto asset trading platforms in recent months, with the introduction of a pre-registration process. The companies that do not adhere to…
By Olena Harmash and Ivan Lyubysh-Kirdey KYIV/KOSTIANTYNIVKA, Ukraine (Reuters) -Moscow acknowledged on Friday that its forces had fallen back north of Ukraine’s battlefield city of Bakhmut after a new Ukrainian offensive, in a retreat that the head of Russia’s Wagner private army called a rout. The setback for Russia, which follows similar reports of Ukrainian…
By Laura Matthews NEW YORK (Reuters) – The U.S. dollar rose against the euro and sterling on Friday, and was on track for its biggest weekly gain since February, as investors shifted to safe havens after consumer sentiment data fueled concern about the U.S. debt ceiling and monetary policy. A University of Michigan survey on…
(Reuters) – The U.S. Trade Representative’s Office said on Friday it was extending exclusions from tariffs for 77 of 81 Chinese medical product import categories related to the COVID-19 pandemic. (Reporting by Jasper Ward and Doina Chiacu)
NEW YORK (Reuters) – Bond trading platform Tradeweb is in talks with clients, industry groups and other market participants about contingency plans in case of a U.S. debt default, a spokesperson said on Friday. Financial markets are jittery about the possibility that the U.S. Treasury could miss debt payments as President Joe Biden and top…
By Moira Warburton WASHINGTON (Reuters) – Lawmakers in the U.S. Congress should have their pay frozen until the fight over whether to increase the country’s debt ceiling is resolved, Democratic Representative Abigail Spanberger said in a letter on Friday. “If the American people and the American economy are suffering as a result of congressional…
By Jeff Mason WASHINGTON (Reuters) – President Joe Biden is expected to meet with Republican House Speaker Kevin McCarthy and other congressional leaders early next week to resume budget negotiations and resolve a looming default on the nation’s debt, White House spokesperson Karine Jean-Pierre said on Friday. The leaders had canceled a planned meeting on…
By John Irish and Francois Murphy PARIS/VIENNA (Reuters) – U.N. nuclear watchdog chief Rafael Grossi plans to present an agreement with Russia and Ukraine on protecting the Zaporizhzhia nuclear power plant to the U.N. Security Council this month, indicating a deal is close, four diplomats have told Reuters. International Atomic Energy Agency (IAEA) chief Grossi…
By Chris Prentice NEW YORK (Reuters) -A powerful U.S. business lobby group sued the Securities and Exchange Commission on Friday over a new regulation requiring publicly traded companies to disclose more information about share buyback programs. The Chamber of Commerce says the new requirements, which SEC commissioners approved last week in a 3-2 vote, will…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer sentiment slumped to a six-month low in May on worries that political haggling over raising the federal government’s borrowing cap could trigger a recession. The University of Michigan’s survey on Friday also showed consumers’ long-term inflation expectations jumping this month to their highest reading since 2011, bad…
