21:47 2025-04-23
Russia will launch a cryptocurrency exchange for qualified investorsRussia's central bank and finance ministry are to set up a cryptocurrency exchange for "highly qualified investors", which will operate "as part of the operation permitted by the experimental legal mechanism". "This will legalise crypto assets and bring crypto operations out of the shadows," Finance Minister Anton Siluanov said. The mechanism reportedly applies to individuals who "invest more than 100 million rubles in securities and deposits, or earn more than 50 million rubles in the previous ...
20:59 2025-04-23
Peskov: Russia-US presidential meeting in preparation, no ceasefire deadline setOn the 23rd local time, Russian Presidential Press Secretary Peskov said in an interview that Russia believes that it is inappropriate to set a deadline for the ceasefire of the Russian-Ukrainian conflict, and US President Trump has not set this deadline. He said that the presidents of Russia and the United States agreed that it is absurd to refuse dialogue. He revealed that a meeting between the two presidents is being prepared.
20:59 2025-04-23
Trump plans to exempt automakers from some tariffsAccording to the Financial Times, US President Donald Trump plans to exempt automakers from some of the toughest tariffs, another concession in the trade war after intense lobbying by auto industry executives. According to two people familiar with the matter, the move will make cars...
20:59 2025-04-23
After California, 11 more US states have sued the Trump administration for "breaking the law" by abusing tariff policiesOn April 23rd local time, New York, Arizona, Colorado, Connecticut, Delaware, Illinois, Maine, Minnesota, New Mexico, Oregon and Vermont filed a lawsuit in the US International Trade Court to try to block the implementation of the Trump administration's tariff policy and seek the court to declare its new tariff policy illegal. Previously, California Governor Gavin Newsom announced on the 16th local time that he would sue over the tariff issue...
20:47 2025-04-23
After California, 11 more US states have sued the Trump administration for "breaking the law" by abusing tariff policiesOn April 24th, local time on April 23rd, New York, Arizona, Colorado, Connecticut, Delaware, Illinois, Maine, Minnesota, New Mexico, Oregon and Vermont filed a lawsuit in the US Court of International Trade to try to block the implementation of the Trump administration's tariff policy and seek the court to declare its new tariff policy illegal. Previously, California Governor Gavin Newsom announced on the 16th local time to sue the Trump administration on the tariff issue, accusing the latter of...
20:47 2025-04-23
Wealth manager Glenmede: "Don't fight the Trump administration" is the new "Don't fight the Fed"Less than 100 days into Mr. Trump's second administration, traders have woken up to the reality that Mr. Trump may be more willing than expected to upend global trade to increase domestic manufacturing and reduce trade deficits with other countries, especially after the April 2 "Liberation Day" tariff announcement. This new reality has roiled US stocks. "The result is the equivalent of an external shock, like COVID-19," said Mike Reynolds, vice-president of investment strategy at wealth manager ...
20:47 2025-04-23
Strategist: Small news can cause big repercussions in a tariff-worried environmentMarta Norton, chief investment strategist at Empower Investments, said: "Any positive news from the U.S. government, such as Bessant's statement on Tuesday that trade tensions will ease, drives the market away from a negative baseline. Investors are uneasy as we try to figure out the true cost, scope and duration of tariffs, as well as the impact on the economy. This environment makes every little piece of news more resonant."