Mexican Senator Proposes Bitcoin As Legal Tender

Mexican senator Indria Kempis has introduced a bill to formalize the inclusion of virtual assets as a form of currency that may circulate in Mexico. The bill proposes that only the central bank...

Inflation Is Posing 19 Problems for One Central Bank

European Central Bank's annual forum is held in Sintra, Portugal. Since 2014, this annual meeting has been preoccupied by one major goal: how to stoke inflation in the eurozone. Inflation is the...

Fed gets newest policymaker, as inflation, recession fears mount

- Susan Collins started her job Friday as president of the Federal Reserve Bank of Boston, becoming the first Black woman to lead a regional branch of the U.S. central bank as it faces...

ECB Unlikely to Throw Caution to Wind on Rate Hikes Despite Record Inflation

By Yasin Ebrahim Investing.com -- The euro slipped against the dollar Friday as investors bet that the European Central Bank is unlikely to throw caution to the wind on rate hikes despite data...

Gold Hit 7-Month Low as India Tax Hike Adds to Fed Rate Cudgel

By Barani Krishnan Investing.com -- For gold, the Fed doesn’t seem to be its only nemesis: it’s also Indian tax authorities. Bullion’s value took a further dive to briefly hit seven-month lows on...

The Fed's Tightening Will Only Drag Out the Economic Slump

In response to the strengthening of the Consumer Price Index (CPI) growth rate yearly to 8.6 percent in May 2022 from 5.0 percent in May 2021, on Wednesday, June 15, 2022, the US central bank (the...

Gold Stocks Enter the Contrarian Dream Zone

The gold complex came under more pressure this week on the reiteration by the US, UK, and European central banks that they are willing to do whatever it takes to combat inflation. This was...

Powell Is The New Arthur Burns, Not The New Paul Volcker

Powell Is The New Arthur Burns, Not The New Paul Volcker Authored by Ryan McMaken via The Mises Institute, Last year, just as it was becoming increasingly clear that price inflation...

Manufacturing hits lowest level in two years

Economic activity in the U.S. manufacturing sector slowed more than expected in June to the lowest level in two years, as both demand and employment contracted according to the latest data. The...

RBI Governor Shaktikanta Das Once Again Comments on the Dangers of Cryptocurrency

Shaktikanta Das, Governor of the Reserve Bank of India, has once again warned against the dangers of cryptocurrencies. Das described cryptocurrencies as a clear threat, claiming that such...

And Then?"

"…And Then?" By Michael Every of Rabobank "... And Then?" Thursday was another down day in most markets, with staggering moves in some. US stocks closed down (-0.9% S&P) and had...

Crisis-hit Ghana changes its mind and turns to IMF for help

By Christian Akorlie ACCRA - Ghana, one of West Africa's largest economies, will hold formal talks with the International Monetary Fund (IMF) on a support package, the government said on Friday,...

Blockchain.com, Deribit Demands Three Arrows Capital Liquidation

The cryptocurrency hedge fund Three Arrows Capital was having financial difficulties, and several of its creditors wanted the firm to be liquidated. Among those creditors were Blockchain.com and...

U.S. construction spending unexpectedly falls in May

WASHINGTON - U.S. construction spending unexpectedly fell in May as single-family homebuilding stalled, more evidence that the Federal Reserve's aggressive monetary policy tightening was slowing...

U.S. manufacturing sector slows in June; new orders measure contracts

WASHINGTON - U.S. manufacturing activity slowed more than expected in June, with a measure of new orders contracting for the first time in two years, more evidence that the economy was cooling...

Gold Stocks Enter the Contrarian Dream Zone

The gold complex came under more pressure this week on the reiteration by the US, UK, and European central banks that they are willing to do whatever it takes to combat inflation. This was...

Ukraine war's disruption sends agriculture input prices up nearly 10% in Q1

- Russia's invasion of Ukraine has significantly disturbed global agricultural markets by sharply driving up prices of key products and inputs such as fertilizer and animal feed, the European...

China takes fresh steps to open bond market to foreigners

SHANGHAI -China took fresh steps on Friday to facilitate foreign investment in its $20 trillion bond market, saying it would cut service fees, improve overseas access to foreign exchange hedging,...

Dutch central bank chief apologizes for links to slavery

AMSTERDAM (AP) — The Dutch central bank chief apologized Friday for the institution's involvement in the 19th-century slave trade, the latest expression of contrition in the Netherlands linked to...

BIS To Allow Member Banks To Hold 1% Of Their Reserves In Bitcoin

BIS To Allow Member Banks To Hold 1% Of Their Reserves In Bitcoin It might seem like a rather odd move for the Bank for International Settlements (BIS) to make after Bitcoin has lost...

Global investors turn sellers in equity funds on recession fears

- Global equity funds faced outflows in the week to June 29, as recession fears crept higher, with major central banks looking keen to raise interest rates further to tame soaring...

EU agrees on new crypto rules, including measures guarding against market abuse and requiring crypto firms to...

The EU has moved to rein in the “wild west” of crypto assets by agreeing a groundbreaking set of rules for the sector. Representatives from the European parliament and EU states thrashed out an...

Japan Inc. disagrees with BOJ's view cost-push inflation will be temporary

TOKYO - Japanese companies expect inflation to stay around the central bank's 2% target for years to come, a survey showed on Friday, disagreeing with Bank of Japan Governor Haruhiko Kuroda's...

Europe rises, Asia falls after pessimistic 'tankan' survey

TOKYO (AP) — European shares edged higher after Asian benchmarks finished lower Friday, as a quarterly report by Japan’s central bank rekindled worries about the world’s third largest economy....

Euro zone inflation hits record 8.6% as the European Central Bank prepares for its first rate hike in 11 years

Euro zone inflation reached a new record high in June just ahead of the European Central Bank's first rate increase in 11 years. Headline inflation came in at 8.6% for last month, according to...

Take Five: The second half

- After a torrid six months, world markets will be hoping for some sign that central banks might dial back their hawkishness. U.S. jobs data, if sharply below forecast, might prove that...

Europe rises, Asia falls after pessimistic 'tankan' survey

European shares have edged higher after Asian benchmarks slipped as a quarterly report by Japan’s central bank rekindled worries about the world’s third largest economy

Euro zone inflation hits record 8.6% as the European Central Bank prepares for its first rate hike in 11 years

Euro zone inflation reached a new record high in June just ahead of the European Central Bank's first rate increase in 11 years. Headline inflation came in at 8.6% for last month, according to...

Euro zone inflation hits record 8.6% as the European Central Bank prepares for its first rate hike in 11 years

Euro zone inflation reached a new record high in June just ahead of the European Central Bank's first rate increase in 11 years. Headline inflation came in at 8.6% (year-on-year) for last month,...

UK manufacturing loses more steam in June -PMI

LONDON - British manufacturing lost more momentum in June than first estimated as new orders contracted at the fastest rate in two years, according to a survey that adds to signs of a stalling...

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