Biden administration unveils new crypto tax reporting rules
(Reuters) – Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users’ sales and exchanges…
Fed’s Powell: Not yet clear rates are high enough to control inflation
(Reuters) – The U.S. Federal Reserve may need to raise interest rates further to ensure inflation is contained Fed Chair…
Futures inch higher as traders brace for Powell speech
(Reuters) – U.S. stock index futures edged higher on Friday ahead of a keenly awaited speech by Federal Reserve Chair…
Analysis-Case builds for China’s banks to cut deposit rates
(Reuters) – China’s banks will cut deposit rates soon as part of efforts to make mortgages more affordable and revive…
Analysis-Asia’s worries over currency volatility get in the way of rate cuts
(Reuters) – A spurt in the U.S. dollar and China’s defence of the yuan are forcing Asian central banks to…
Factbox-Governments race to regulate AI tools
(Reuters) – Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree laws…
Dollar shine fades as risk appetite rebounds for now
(Reuters) – The dollar eased from recent 10-weak peaks on Tuesday as global risk appetite recovered after being hurt by…
Facebook owner Meta asks Norway court to halt privacy fine
(Reuters) – Meta Platforms on Tuesday asked a court in Norway to stop a fine that the country’s data regulator…
Robust equities erode gold’s safe-haven allure as ETF holdings fall
(Reuters) – Receding fears of a U.S. slowdown, surging bond yields and the robust performance of equities have gradually eroded…
China state banks seen mopping up offshore yuan to stem currency weakness
(Reuters) -China’s major state-owned banks were seen actively mopping up the offshore yuan on Monday, three people with knowledge of…