Page 14 - Frx News Today

Egypt faces an increasingly tough task raising cash for foreign debt repayments after external borrowing quadrupled over the past eight years to help fund a new capital, build infrastructure, buy weapons and support an overvalued currency.

A look at the day ahead in U.S. and global markets from Mike Dolan

Binance founder Changpeng Zhao doesn’t have much to look forward to. On Monday, the U.S. Securities and Exchange Commission sued the world’s largest cryptocurrency exchange, accusing it of, among other things, artificially inflating trading volumes and failing to properly control U.S. accounts. Zhao has defended the exchange – and the cryptocurrency business – vigorously since his biggest competitor Sam Bankman-Fried was charged with fraud late last year. Even if he makes it through this...

Changes to the Brazilian inflation targeting system should not be linked to how monetary policy is carried out, the central bank's director of economic policy said on Monday, amid speculation of an imminent change in inflation goal timelines.

Brazil's central bank chief Roberto Campos Neto said on Monday that long-term inflation expectations, which have long concerned policymakers, would start to decline and pointed to a clearer economic environment.

The U.S. Securities and Exchange Commission on Tuesday sued Coinbase , accusing the largest U.S. cryptocurrency platform of operating illegally because it failed to register as an exchange.

In a rare attempt to bolster China's yuan, a self-regulatory body overseen by the country's central bank has told major state-owned banks to lower dollar deposit interest rates, four people with direct knowledge of the matter said.

Shares of Coinbase Global fell on Tuesday and were on track for their biggest one-day percentage decline since late March after the cyrptocurrency exchange found itself in the crosshairs of the U.S. securities regulator along with Binance.

Turkey's lira slid almost 1% on Monday in thin trading during the Asian day to weaken past 21 per dollar, in a shaky initial reaction to the appointment of highly-regarded Mehmet Simsek as finance minister.

A strong U.S. economy is giving an unexpected boost to the dollar, frustrating bearish investors betting on its decline.