Russia's CPI rose by 0.33 percent in the week ending Dec. 23, and inflation this year has reached 9.5 percent, according to the latest weekly data released Wednesday by Russia's National Statistics Agency. The data comes after the Bank of Russia's surprise decision last week to leave its key interest rate unchanged at 21 percent. The regulator said recent tightening policies have created favorable conditions to reduce inflation to its target of 4 percent. Andrei Gangan, head of the central bank'...
On December 7, South Korea's largest opposition party, the Democratic Party, said it would once again propose the impeachment case against President Yoon Seok-yuet at the temporary parliamentary session to be held on December 11, that is, next Wednesday.
Bank of Korea: The Bank of Korea's monetary policy committee will meet early Wednesday to discuss market stabilization measures.
According to sources, Harrison, the chairperson of the Democratic National Committee, will hold an all-staff meeting later on Wednesday to discuss the disappointing election results. Harrison will not seek re-election as Democratic chairperson next year.
According to a report released by the US Treasury on Wednesday, the US Treasury is concerned about the growth of the stablecoin market and believes that privately issued stablecoins should eventually be replaced by state-backed central bank digital currencies (CBDCs). "Similar to the replacement of privately issued'wildcat 'currencies by government-backed central bank currencies in the late 19th century, central bank digital currencies (CBDCs) may need to replace stablecoins as the dominant form...
The Bank of Canada cut interest rates by 50 basis points on Wednesday, cutting the base rate from 4.25 per cent to 3.75 per cent, the biggest cut in borrowing costs since the early days of the epidemic in March 2020. The Bank of Canada said it was a sign of the country's return to an era of low inflation. In response to soaring prices, the Bank of Canada previously raised interest rates to a 20-year high, but has cut rates four times in a row since June. Inflation fell to 1.6 per cent in Septemb...
In a research report released Wednesday by a16z crypto, a16z released seven findings on the state of cryptocurrencies in 2024, including: 1. Cryptocurrency activity and usage hit record highs 2. Cryptocurrencies have become a key political issue ahead of the US election 3. Stablecoins have found a product-market fit 4. Infrastructure improvements have increased capacity and significantly reduced transaction costs 5. DeFi remains popular and continues to grow 6. Encryption technology can solve th...
Since the Federal Reserve cut the federal funds rate by 50 basis points last Wednesday, Ethereum has outperformed Bitcoin, and this upward momentum coincides with a sharp rise in the ETH unpositioned squaring rate-weighted perpetual futures funding rate, indicating stronger demand for long positions and growing optimism among traders that ETH prices could rise. (TheBlock)
HSBC said the dollar could rise if the Federal Reserve cuts interest rates by 25 basis points on Wednesday and signals further gradual easing. Whether the Fed will cut rates by 25 basis points or 50 basis points is difficult to say, HSBC FX analyst Paul Mackel said in a note. "HSBC Economics expects the Fed to start with a 25 basis point rate cut, while hinting at further easing in the future, but not by much." Mr. Mackel said the situation would move the dollar "towards a better base...
U.S. stocks closed Wednesday with the Nasdaq down 0.3 percent, the S & P 500 down 0.16 percent and the Dow up 0.09 percent. NVIDIA (NVDA. O) fell 1.6 percent and Intel (INTC. O) fell 3.3 percent.
The two oil prices fell again on Wednesday, and the lower-than-expected performance of the demand side contributed to the correction of the oil market. The US driving season is coming to an end, is there any support in the future? > >
Indian crypto trading platform WazirX announced on Wednesday that it has asked the Singapore High Court for six months to restructure its debts. The move will trigger an automatic 30-day suspension order. The hearing date for which the court will decide whether to grant the suspension order has not yet been set. The suspension order will give Zettai breathing room to restructure, which is the most efficient way to resolve users' cryptocurrency balances on the platform and facilitate user recover...
Preliminary benchmark revisions released by the administration on Wednesday are expected to show that non-farm payrolls grew by at least 600,000 weaker than current estimates in the year to March, equivalent to about 50,000 a month. JPMorgan forecasters put the downgrade at about 360,000, while Goldman Sachs said it could reach as high as 1 million.
Japanese stocks opened lower and higher on Wednesday, with the Nikkei 225 index closing up 1.2 percent and the Topix up 2.3 percent.
A new project report published on Wednesday claims that the Bank for International Settlements (BIS) and the Bank of England (BoE) have been able to demonstrate that the balance sheets of asset-reference stablecoins can be regulated. The organizations said on Wednesday that the Pyxtrial project has developed a prototype data analytics pipeline that can provide regulators with information on stablecoin liabilities and their payments.