Search Results for: tightening

Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission

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According to the International Monetary Fund (Le FMI avertit que les sanctions contre la Russie menacent de saper la domination du dollar américain)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluation speculations. To achieve a unified naira exchange rate, the global lender said Nigeria…

The Fed Codifies Fourth Consecutive 75bps Rate Hike — Stocks, Bitcoin, and Metals Rise

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Les Etats Unis. Federal Reserve introduced another jumbo rate hike on Wednesday, nov. 2, 2022, by hiking the federal funds rate (FFR) par 75 points de base (points de base). The American central bank said on Wednesday that the hike aims to curb inflation and…

Professor Steve Hanke Says US Economy Was Flat Over the Last Year, but Stresses ‘It’s Going to Hit South’

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Amid the chaotic economy, plagued with central bank tinkering, supply chain issues, and red-hot inflation, the professor of applied economics at Johns Hopkins University, Steve Hanke believes a “pretty big recession” will take place in 2023. Speaking in an interview on…

Yuan Taps New Low Versus US Dollar as Investors React to Endorsement of Chinese President’s Third-Term Bid

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The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the…

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

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Actifs numériques de fidélité, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may…

Dapper Labs suspend les opérations NFT pour les utilisateurs russes dans le cadre de nouvelles sanctions de l'UE

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Canadian company Dapper Labs has blocked operations with non-fungible tokens (TVN) for Russian accounts. The move follows a new round of sanctions recently imposed by the EU which prohibit the provision of crypto-related services to Russian residents and entities. NFT Platform…

L'UE interdit les services de cryptographie aux Russes dans le cadre de nouvelles sanctions contre l'escalade en Ukraine

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An array of crypto-related services have been targeted in the latest round of sanctions on Russia approved by the EU. The measures are part of an expected tightening of the economic and financial restrictions in response to Moscow’s decision to annex…

Deutsche Bank attend plus tôt, Une récession américaine plus sévère alors que la Fed emprunte un « chemin de randonnée agressif »

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Deutsche Bank has updated its recession forecast. La Banque’s economists now see “an earlier and somewhat more severe recession” than previously predicted. “The Fed has undertaken a more aggressive hiking path, financial conditions have tightened sharply and economic data are beginning…

CIO de Blackrock: Bitcoin et Crypto sont des actifs durables - Les prix vont augmenter

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Le directeur des investissements des titres à revenu fixe mondiaux chez Blackrock, le monde’le plus grand gestionnaire d'actifs, dit que le bitcoin et la crypto sont des actifs durables. “Je pense que’s un recalibrage sain est en cours,” il a dit, en notant que “if you look two to three years…

La Biélorussie a saisi des millions de dollars en crypto, Enquêteur en chef Réclamations

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Authorities in Belarus have mastered the seizure of cryptocurrencies, the head of the country’s Investigative Committee revealed in a recent interview. The high-ranking law enforcement official claims the state has already confiscated crypto assets worth millions of dollars. Companies Allegedly Help…