Tag: Economy

When the subject is cryptocurrencies, bitcoin usually dominates.  The most popular of the digital currencies has often been confused by the general public as the one representing the entire cryptocurrency industry. Since its creation by one or more anonymous people in 2009, bitcoin has always been assigned the leading role. Cryptocurrency fans see the most…

The US Federal Reserve has historically taken pride in being independent from political influence. In promoting the effective operation of the U.S. economy, it seeks to conduct monetary policy for maximum benefit of the public interest and the stability of the financial system. One of the Fed’s primary tasks, for example, is deciding when to…

Sam Bankman-Fried is being released on a huge recognizance bond following his appearance in a Manhattan Federal Court to face  fraud charges related to the collapse of FTX and Alameda Research. The disgraced crypto king was extradited from the Bahamas to the United States late on Dec. 21. He appeared in a federal court in…

© Reuters. The logo of Russian bank Otkritie is seen at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 15, 2022. REUTERS/Maxim Shemetov By Alexander Marrow, Maria Kiselyova and Elena Fabrichnaya MOSCOW (Reuters) -The Bank of Russia on Thursday agreed to sell bailed-out Otkritie Bank to the country’s No.2 lender, state-owned…

© Reuters. FILE PHOTO: People cross a main road outside a shopping mall during afternoon rush hours in Jakarta, Indonesia, November 30, 2022. REUTERS/Willy Kurniawan By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s central bank raised its key policy rate on Thursday but at a slower pace than in recent months, reaffirming that inflation…

© Reuters. FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020. REUTERS/Kim Kyung-Hoon   JPM +0.48% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type: BUY…

Financial companies in the U.S. have been regulated by the Consumer Financial Protection Bureau (CFPB) since it was founded following the financial crisis of 2007 and 2008. In 2010, the CFPB was created when it was authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The legislation was intended to improve accountability and…

The Federal Reserve uses open market operations to implement monetary policy as set by the Federal Open Market Committee. Canva ContentsWhat Are Open Market Operations?How Do Open Market Operations Affect the Money Supply?How Do Open Market Operations Work?How Have Open Market Operations Evolved?What Are Open Market Operations?Open market operations refer to a central bank’s purchase…

© Reuters. FILE PHOTO: The Organization of Global Financial City Tokyo Chairman Hiroshi Nakaso attends a meeting with Tokyo Governor Yuriko Koike, Lord Mayor of the City of London Vincent Keaveny and other delegates at Tokyo Metropolitan Government office builidng i TOKYO (Reuters) – The Bank of Japan is continuing large-scale monetary stimulus as the…

© Reuters. ACCRA (Reuters) -Ghana’s finance ministry said on Monday it was suspending debt service payments on certain categories of external debt including Eurobonds, commercial loans and most bilateral debt, amid the worst economic crisis in a generation. Ghana had already announced a domestic debt exchange programme and on Tuesday said it had reached a…