IMF says UK fiscal measures will 'likely increase inequality,' urges rethink

By Andrea Shalal WASHINGTON -Fiscal measures adopted by Britain will likely increase inequality, a spokesperson for the International Monetary Fund said on Tuesday, urging UK authorities to...

Harley-Davidson spins off LiveWire in $1.8 billion SPAC merger

By Bianca Flowers -Harley-Davidson Inc on Tuesday spun off its electric motorcycle division LiveWire in a SPAC deal creating the first publicly traded electric motorcycle company in the United...

Battling market forces, BOJ conducts special operation to curb rising yields

By Kevin Buckland TOKYO - The Bank of Japan said it would purchase Japanese government bonds in a special operation on Tuesday, with the benchmark 10-year yield brushing against the 0.25% policy...

Monte dei Paschi capital talks enter final stretch after Italy vote

By Valentina Za and Giuseppe Fonte MILAN -Monte dei Paschi di Siena faces a tight schedule to secure cornerstone shareholders for a share sale of up to 2.5 billion euros ($2.4 billion) after an...

China seeks to steady markets ahead of Communist Party Congress

SHANGHAI -China's securities regulators recently told some fund managers and brokers to avoid massive share sales ahead of next month's Communist Party Congress, in an effort to avoid big market...

OpenSea to allow creators to host NFT drops directly through its homepage

OpenSea, the digital marketplace for crypto collectibles and non-fungible tokens , has launched a new initiative to make it easier for creators to create and distribute NFTs on its marketplace. As...

Litecoin Foundation’s managing director shares his thoughts on decentralized money

Litecoin , known as “the silver to Bitcoin’s gold,” has been around for almost 11 years — which is quite a feat considering a fair amount of cryptocurrencies go bust within 12 months of launching....

Oman's Indian embassy Twitter account compromised to promote XRP scam

Scammers have hacked the official Twitter account of the Embassy of Oman in India, replacing the profile picture with Ripple CEO Brad Garlinghouse and using the reply function to spam users with...

ATOM, OSMO Experience Price Hike: Claims Blockwork Research

Blockworks research, a crypto research platform, tweeted that Cosmos has been up by 43% in the past 30 days, and OSMO has been up by 20% in the past 30 days. The crypto research platform claims...

SEC Claims Jurisdiction Over Ethereum is Under U.S. Regime Purview

The U.S. Security Exchange Commission claims that jurisdiction over Ethereum remains under the U.S. government’s purview following the lawsuit filed against crypto influencer and CEO of Token...

Intellectual property has an awkward fit in Web3 decentralization

Intellectual property rights will continue to be a growing area of tension within Web3 and nonfungible tokens (NFTs), as IP rights often rely on a single “identifiable entity,” while Web3 is more...

Crypto Observers Are Perplexed About Future Amid Fed Rate Hike

Crypto markets, like global markets, are in a bloodbath due to the current global macroeconomic conditions. Investors have been cautious as they awaited the US Fed’s monetary policy decisions amid...

China's Shanghai launches infrastructure projects worth $257 billion

BEIJING - China's commercial hub of Shanghai launched on Tuesday eight infrastructure projects with total investment of 1.8 trillion yuan ($256.83 billion), state media said. The projects span...

Cryptoverse: After Merge, ether heads for a $20 billion Shanghai splurge

By Medha Singh and Lisa Pauline Mattackal - The Merge came, saw and conquered. Not that you'd guess from crypto prices. The Ethereum blockchain's mega-upgrade finally went live on Sept. 15,...

Analysis-Wall St outlook darkens as grim inflation report tees up more Fed hawkishness

By Lewis Krauskopf and David Randall NEW YORK - An already-murky outlook for U.S. stocks and bonds is growing darker, as sizzling inflation ratchets up expectations for how aggressively the...

BlackRock courts investors ahead of Aramco oil pipelines bond sale

By Yousef Saba DUBAI - BlackRock Inc (NYSE:BLK) has held meetings with investors in London to drum up interest in a bond sale to begin refinancing a $13.4 billion loan that backed the asset...

Bank capital rules for cryptoassets due by year end

LONDON - The global Basel Committee of banking regulators will complete work on "robust" rules for how banks must set aside capital to cover cryptoassets on their books, the committee's oversight...

UK jobless rate hits 48-year low as people quit labour market

By William Schomberg LONDON - Britain's unemployment rate fell to its lowest since 1974 at 3.6% in the three months to July as more people left the labour market, according to official data on...

Cryptoverse: Ether snaps at bitcoin's heels in race for crypto crown

By Medha Singh and Lisa Pauline Mattackal - For years, ether could barely dream of challenging its big brother bitcoin. Now, its ambitions may be becoming more realistic. The second-biggest...

Marketmind: Inflated hopes?

A look at the day ahead in European and global markets from Tom Westbrook Traders in Asia hit pause on four days of selling dollars and buying stocks as focus turns on U.S. inflation figures set...

Australia's central bank opens door to slower rate hikes

By Wayne Cole SYDNEY -Australia's top central banker opened the door on Thursday to slowing the bank's policy tightening after five rate increases in as many months, sparking a rally in bonds as...

Markets to fall further as econ fundamentals worse than 2007, says GMO's Grantham

By Lisa Pauline Mattackal - Financial markets should brace for further pain, with global economic health at its most precarious level in years, due to stubborn inflation, hawkish central banks...

Far too easy’

Crypto influencer FatManTerra claims to have gathered over $100,000 worth of Bitcoin from crypto investors in an investment scheme that was later revealed as fake. The crypto researcher said he...

74% of Ethereum nodes ‘Merge ready’ ahead of Bellatrix upgrade

As many as 73.5% of Ethereum nodes are now marked as “Merge ready” ahead of the upcoming Bellatrix upgrade for Ethereum on Tuesday, according to data from Ethernodes. The Bellatrix upgrade is seen...

VCs pour $14.2B into crypto in H1 2022, but investments now slowing

Venture capital firms poured $14.2 billion into crypto across 725 deals in the first half of 2022, but big four accounting firm KPMG predicts investments will likely slow for the remainder of the...

New finance minister Kwasi Kwarteng leaves crypto policy in the UK unclear

Recently elected Conservative Party leader and prime minister of the United Kingdom Liz Truss has appointed Kwasi Kwarteng as the country’s newest chancellor of the exchequer, or chief financial...

Litecoin Falls 10% In Bearish Trade

Investing.com - Litecoin was trading at $54.400 by 19:13 on the Investing.com Index on Tuesday, down 10.01% on the day. It was the largest one-day percentage loss since June 16. The move...

Trademark applications for crypto, NFTs, and metaverse surge in 2022: Report

The number of U.S. trademarks filed related to cryptocurrencies, nonfungible tokens, Web3, and the metaverse since January have reportedly passed those in 2021. According to data compiled by...

US congressman and crypto skeptic explains why a crypto ban won’t work

In a recent interview, United States congressman and a known crypto skeptic Brad Sherman claimed that banning cryptocurrencies is not an option at this point. In a statement to LA Times, the...

Lazard hires ex-JPMorgan vice chairman Donahue for private credit

By Lananh Nguyen NEW YORK - Lazard (NYSE:LAZ) Ltd has hired a former JPMorgan banker, Timothy Donahue, as vice chairman of U.S. investment banking in New York, Lazard said on Tuesday. Donahue,...

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