Sunil Sahil
Another setback to the Securities and Exchange Commission’s efforts to control the market came when a US judge rejected the agency’s request to appeal the decision that digital tokens traded to the general public are not securities. In a dispute involving Ripple Labs and its XRP token, federal judge Analisa Torres in the Southern District … Read more
Dollar dips as US private payrolls come in below expectations, while manufacturing orders surge in September. No interventions were detected in Tuesday’s BOJ money market data. Written by Gertrude Chavez-Dreyfuss Reuters, NEW YORK, Oct. 4 – A mixed bag of statistics on Wednesday suggested that there are some areas of weakness in the largest economy … Read more
As oil prices had their single worst day of losses dating back to September 2022, the energy sector had the poorest performance on Wednesday. While SLB and Halliburton both experienced declines of more than 4%, Devon Energy and Marathon Oil both experienced declines of about 5%. Following the announcement of fresh jobs data, Wednesday’s actions. … Read more
In an effort to promote greater self-disclosure, the U.S. Justice Department will not penalise corporations that identify wrongdoing by companies they are purchasing. This was announced by the Deputy Attorney General on Wednesday. Lisa Monaco stated at an industry compliance conference in Chicago that the DOJ aims to avoid punishing responsible companies that buy corporations … Read more
On Wall Street’s worries that the Washington debt-ceiling battle won’t be resolved, US markets finished down on Tuesday. S&P 500 (GSPC) value dropped 1.12% at session’s end. The Dow Jones Industrial Average (DJI) decreased by 200 points, or 0.69%. The heavily weighted Nasdaq Composite in technology (IXIC) fell more than 1.26%. Tuesday saw a decrease … Read more
A former senior U.S. Treasury development adviser said on Wednesday that as a condition of modifications to the International Monetary Fund’s shareholding formula, the U.S. should insist that China fund debt restructuring for struggling poor and middle-income nations. According to Nancy Lee, a former deputy assistant Treasury secretary who now works for the Centre for … Read more
IMF officials predict that the United States will continue to play a crucial role in assembling international assistance that has helped kept Ukraine’s economy afloat during Russia’s incursion. In spite of that, Congress recently approved a short-term financing plan that prevented a shutdown of the U.S. government but eliminated $6 billion in aid to Ukraine. … Read more
The price of West Texas Intermediate fell 5.6% to settle below $85 per barrel, the most since September 2022. Despite indications of a tight market at the moment, technical selling, algorithm-driven traders racing to exit, and the possibility of future supply growth caused the price decline to spiral out of control. The Bloomberg Commodity Spot … Read more
British International Investment (BII) has granted Access Bank a loan facility totaling US$60 million to enhance the supply of trade finance to five African markets that are heavily dependent on imports. According to Access Bank, which has its headquarters in Nigeria, the facility is anticipated to boost finance for imports of items used in manufacturing, … Read more
According to the findings of a poll released this week by U.S. Bank, finance chiefs are executing defensive tactics rather than pursuing growth due to the lingering effects of the Silicon Valley Bank failure earlier this year as well as larger macroeconomic challenges. The study was conducted in the spring while executives were still in … Read more
