News list for "government"
New analysis from QCP Capital points out that the Trump administration's first round of trade policies has triggered wild volatility in global markets. The yield curve has flattened in a bear market, with two-year yields rising and 10-year yields falling, indicating concerns about short-term inflation and the long-term risks to global growth from the trade war. The widening gold price gap between New York and London reflects not only the popular EF...
Elon Musk, head of the US government's Department of Efficiency, has accused the US Agency for International Development (USAID) of funding the development of biological weapons. "Did you know that USAID used your tax dollars to fund the development of biological weapons, including novel coronavirus, that killed millions of people," he wrote on social platform X. Musk previously said he considered USAID a "damn" criminal organization. The Associated Press quoted sources as saying that the US...
Hedge fund Elliott has warned that the Trump administration's support for cryptocurrencies has fuelled a speculative frenzy that could cause "havoc" when prices plunge. The $70 billion firm has taken aim at the US government's crackdown on assets with soaring prices but "no substance", according to an investor letter.
On February 2nd, local time on February 1st, US Secretary of State Rubio arrived in Panama City, the capital of Panama, by plane to officially start his visit to Panama. This is also Rubio's first foreign visit after taking office as US Secretary of State. He will start in Panama and visit five Latin American countries including Guatemala, El Salvador, Costa Rica, and Dominica. According to the currently announced itinerary, Rubio will meet with Panamanian President Mulino and visit the Panama C...
Rohit Chopra, who served as director of the Consumer Financial Protection Bureau (CFPB) during the Biden administration, was removed from his post by the Trump administration, according to people familiar with the matter. Chopra published a letter to Trump on X on Saturday, which read "This letter confirms that my term as CFPB director has ended." Chopra was confirmed by the Senate in September 2021. His departure was expected partly because of his aggressive regulatory style and partly because ...
Canadian Prime Minister Justin Trudeau: We are working hard to avoid tariffs, but if the United States takes action, Canada is ready to respond immediately and forcefully.
According to the Interfax news agency, the Russian government has extended the ban on gasoline exports until the end of February.
As of January 29, Musk posted on X, the US Department of Government Effectiveness (DOGE) has prompted 24 government departments including the Ministry of Education, GSA, OPM, EPA, Labor Department, Treasury Department, and Defense Department to terminate 85 DEIA (Diversity, Equity, Inclusion, and Accessibility) related contracts, totaling about $1 billion.
Hedge fund Elliott has warned that the Trump administration's support for cryptocurrencies has fuelled a speculative frenzy that could cause "havoc" when prices plunge. The $70 billion firm has taken aim at the US government's crackdown on assets with soaring prices but "no substance", according to an investor letter.
Bettors at Polymarket are skeptical that the United States will create a strategic bitcoin (BTC) reserve within 100 days of the Trump administration, putting the likelihood at only 16%. Although crypto czar David Sacks says he is exploring the matter, the relevant bill submitted by Wyoming Republican Senator Cynthia Lummis is not related to the White House action. In addition, Texas is also advancing its own strategic BTC reserve plan, and bettors believe that the state has a 53% chance of passi...
Thailand's finance minister told a Securities and Exchange Commission meeting on Thursday that the government is considering issuing government bond-backed stablecoins that could be used to make payments to merchants and could attract investors.
Commenting on the results of a poll conducted by Reuters and Ipsos Consulting, Musk, the first secretary of the Department of Efficiency (DOGE) of the new US government, said that Americans support reducing the size of the US government. According to the survey data, 61% of Americans support reducing the size of the US government, while 35% of respondents are opposed. The poll pointed out that compared with some other orders and proposals issued by the Trump administration of US President, this ...
Market news: A U.S. judge has temporarily suspended the Trump administration's decision to freeze federal loans and grants.
Hong Kong Special Administrative Region Government: Net exports of gold to the Chinese mainland in December were 5.26 tons, compared with 33.074 tons in November.
India's 10-year bond yield continued its decline, falling to 6.6465% at one point, its lowest level since February 15, 2022.
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