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Crypto lender Babel Finance wins debt repayment reprieve after withdrawal freeze

Crypto lender Babel Finance wins debt repayment reprieve after withdrawal freeze

© Reuters. A representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration (Reuters) – Babel Finance, the Hong Kong-based crypto lender which suspended withdrawals and redemption of crypto assets on Friday, said it has reached an agreement with counterparties on the repayment of some debts to ease short-term liquidity. Cryptocurrency valuations have…

Japan Finance Minister says to respond to FX moves appropriately if necessary

Japan Finance Minister says to respond to FX moves appropriately if necessary

© Reuters. FILE PHOTO: Japan’s new Finance Minister Shunichi Suzuki wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, speaks at a news conference in Tokyo, Japan, October 5, 2021. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Tuesday he was concerned about recent sharp yen weakening and would appropriately respond…

ECB won’t solve profound debt issues: Rehn

ECB won’t solve profound debt issues: Rehn

2/2 © Reuters. FILE PHOTO: European Central Bank (ECB) headquarters building is seen in Frankfurt, Germany, March 7, 2018. REUTERS/Ralph Orlowski 2/2 FRANKFURT (Reuters) – The European Central Bank should limit the rise in borrowing costs of more indebted euro zone members but will not solve their debt issues or let budget concerns dictate monetary…

Fed’s Waller backs another big rate hike for ‘all in’ inflation fight

Fed’s Waller backs another big rate hike for ‘all in’ inflation fight

© Reuters. The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger By Ann Saphir (Reuters) -Federal Reserve Governor Christopher Waller on Saturday became the latest U.S. central banker to pledge a whatever-it-takes approach to fighting inflation, three days after the Fed raised…

Germany’s debt interest payments could soar next year, finance minister warns

Germany’s debt interest payments could soar next year, finance minister warns

© Reuters. FILE PHOTO: German Finance Minister Christian Lindner speaks during a session of German lower house of parliament, Bundestag, in Berlin, Germany May 31, 2022. REUTERS/Hannibal Hanschke BERLIN (Reuters) – Finance Minister Christian Lindner warned that interest charges on Germany’s public debt could reach 30 billion euros next year due to rising interest rates…