Page 26 - Frx News Today

Binance.US and Changpeng Zhao, the crypto exchange's founder and majority owner, have been exploring ways to reduce his stake in the company, the Information reported on Thursday, citing two people familiar with the matter.

Most Asian share markets were subdued on Friday and the dollar held onto its gains from safe-haven flows, after soft economic data from U.S. and China magnified concerns of a global slowdown, although Japanese stocks outperformed.

A look at the day ahead in European and global markets from Ankur Banerjee

The International Monetary Fund (IMF) kept its economic growth forecast for the Philippines this year at 6.0%, but said on Friday high inflation was a downside risk to the outlook and should be tackled with both fiscal and monetary measures.

Swedish central bank Deputy Governor Per Jansson weighed the need for a bigger hike than the half-percentage point raise adopted by rate-setters at the Riksbank's most recent meeting in April, he said on Friday.

Binance said on Friday it was withdrawing from Canada, weeks after the country issued a series of new guidelines for cryptocurrency exchanges including investor limits and mandatory registrations.

Bolivia's president expressed openness to the use of the Chinese yuan for international trade during a press conference on Wednesday, citing similar moves by Argentina and Brazil to tap the Asian currency for transactions with China.

U.S. Treasury Secretary Janet Yellen on Thursday urged Congress to raise the $31.4 trillion federal debt limit and avert an unprecedented default that would trigger a global economic downturn and risk undermining U.S. global economic leadership.

The South African rand struck a new three-year low in early trade on Thursday, under renewed selling pressure from the worst power cuts on record that experts say could get worse in the coming months.

Asian shares rose on Thursday as investors cheered signs of easing inflationary pressure in the U.S. after data showed consumer prices in April rose at a slower-than-expected pace.