Sam Bankman-Fried opposes Ukraine FTX victim testifying remotely
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in […]
Currency markets
Turkey’s central bank hikes interest rate to 30%
Turkey’s Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. Sopa Images | Lightrocket | Getty […]
Bank of England ends run of 14 straight interest rate hikes
A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021. Hollie Adams | Bloomberg | Getty […]
India oil minister Hardeep Singh Puri
Oil trades have sometimes been settled in the Chinese yuan, Russian ruble or Indian rupee, but the idea of „de-dollarization“ — or moving away from […]
Emerging economies are pushing to end the dollar’s dominance. But what’s the alternative?
ABUJA, Nigeria — Business has vanished at Kingsley Odafe’s clothing shop in Nigeria’s capital, forcing him to lay off three employees. One culprit for his […]
China’s PBOC intervenes after yuan hits 16-year high against greenback
Photo taken on Aug 17, 2023 shows US dollars and Chinese yuan in Fuyang city, East China’s Anhui province. Nurphoto | Nurphoto | Getty Images […]
Argentina devalues its currency, jacks up interest rates
Argentine far-right libertarian economist and presidential candidate Javier Milei celebrates the results of the primary elections with his sister Karina Milei at his headquarters in […]
Russian ruble slumps to near 17-month low, moves past 100 against the dollar
This pool image distributed by Sputnik agency shows Russian President Vladimir Putin meeting with the Tver region governor at the Kremlin in Moscow on August […]
Yen breaches 145 level against USD, raises expectations BOJ may intervene
Japanese yen and U.S. dollar banknotes are arranged for a photograph in Tokyo, Japan. The U.S. dollar pushed to a fresh two-decade high versus major […]
ASEAN moves closer to economic unity with new regional payments system
Indonesian President Joko Widodo makes a speech during the Association of Southeast Asian Nations (ASEAN) Foreign Minister’s Meeting in Jakarta, Indonesia on July 14, 2023. […]