Payments utility is also expected to drive greater stablecoin adoption in the UAE for their real time settlement value proposition.
India arrests man wanted in the US for crypto-linked money laundering
Police in the Indian state of Kerala arrested a Lithuanian national who is wanted in the US for running Garantex, a sanctioned crypto exchange.
Wall Street falls as Trump's trade war overshadows good news on the economy
Not even a double-shot of good news on the U.S. economy seems to be enough to stop Wall Street’s bleeding. Stocks fell Thursday after President Donald Trump upped the stakes in his trade war by threatening huge taxes on European wines and alcohol. The swings for stocks have been coming not just day to day but also hour to hour, and the Dow hurled between a slight gain and a drop of more than 445 points during Thursday morning's trading.
Trump’s chief economist has a blueprint to force countries to pay for tariffs without reigniting inflation, but he says the path to success is narrow
Stephen Miran’s vision largely depends on the dollar strengthening relative to foreign currencies.
Hong Kong Mulls Lowering Threshold to Buy Most Expensive Stocks
(Bloomberg) -- Hong Kong’s stock exchange is discussing options to lower the threshold for investors to buy some of the city’s most expensive stocks to stoke trading, according to people familiar with the matter.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsNYC Congestion Pricing Toll Gains Support Among City ResidentsElectric Construction Equipment Promises a Quiet RevolutionOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylva
Quantum stocks rebound from dip after new 'supremacy' announcement
Quantum stocks spiked after D-Wave said its quantum machines can outperform classical tech, helping the industry rebound after recent skepticism.
Oil dips as economic concerns, supply and demand expectations weigh
Brent futures were down 37 cents, or 0.5%, at $70.58 a barrel at 10:25 a.m. EDT (1425 GMT), while U.S. West Texas Intermediate crude futures fell 39 cents, or 0.6%, to $67.29 a barrel. U.S. gasoline inventories fell by 5.7 million barrels, more than the 1.9 million-barrel draw expected by analysts, while distillate stocks also dropped more than anticipated, despite gains in crude stocks. "Declining U.S. gasoline inventories raised expectations for a seasonal demand increase in spring, but concerns about the global economic impact of tariff wars weighed on the market," said Hiroyuki Kikukawa, chief strategist at Nissan Securities Investment.
US dollar rises as markets consolidate positions; outlook remains downbeat
NEW YORK/LONDON (Reuters) -The U.S. dollar rose against most major currencies including the Swiss franc and the euro on Thursday, as investors consolidated positions after selling the greenback for most of this week, but the outlook remained weak amid concerns about slowing growth arising from the Trump administration's trade policies. U.S. President Donald Trump threatened to impose a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a new front in a global trade war that has roiled financial markets and raised recession fears. Labor Department data on Thursday showed that U.S. producer prices were unexpectedly unchanged on a monthly basis in February, but the prospects of tariffs are unlikely to keep prices down in the coming months.
After-Hours Trading of US Stocks Has Picked Up Steam in Asia
(Bloomberg) -- Investors in Asia ramped up their trading of US stocks outside of normal market hours last year, according to data from a popular platform, a sign of the increasing shift to all-hours equities trading.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsNYC Congestion Pricing Toll Gains Support Among City ResidentsElectric Construction Equipment Promises a Quiet RevolutionOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Penns
Why software stocks could be a safe haven for investors in a tariff-induced recession
"In a recessionary environment, we recommend infrastructure and back office application platform vendors, with more resilient spend," analysts at BofA said.