South Korea’s trade deal with Trump could sink its currency and trigger a financial crisis
[[{„value”:” President Donald Trump’s demand that Seoul hand over $350 billion in cash could devastate South Korea’s financial…
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Currencies
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Threat to U.S. exceptionalism spurs rush for emerging local bonds
[[{„value”:” Emerging market local-currency bonds are being tipped to beat their dollar-denominated peers despite offering lower yields than…
Elon Musk signals he wants DOGE to audit Fort Knox
Social media post asks “Who is confirming that gold wasn’t stolen from Fort Knox?” Read More Czytaj więcej…
Fed president says central bank needs ‘dust to clear’ before deciding its next interest rate moves
Austan Goolsbee, president of the Fed’s Chicago branch, says that he expects inflation to decline and thinks the…
Russia’s ruble is still worth less than a penny, and the Kremlin’s piggy bank for propping it up is running low
Russia’s sovereign wealth fund has been tapped repeatedly to prop up the ruble, leaving the Kremlin with less…
Britcoin will not replace cash, BOE Governor Bailey says
Work has started on a digital version of the pound, dubbed Britcoin, but the BOE has yet to…
‘The Black Swan’ author is really afraid of what’s happening to the U.S. dollar
„That is harming the United States enormously,” Nassim Taleb warned. Read More Czytaj więcej We współpracy z: https://fortune.com/2024/10/13/black-swan-nassim-taleb-dedollarization-dollar-dominance-russia-sanctions-us-debt/
Stablecoins now 43% of Sub-Saharan Africa crypto tx volume: Chainalysis
Nigeria and Ethiopia have both experienced local currency devaluation which has driven stablecoin adoption. Czytaj więcej We współpracy…
Russia Pushes for Sustainable BRICS Interbank Networks and Payment Systems
Russia is pushing to develop independent interbank networks and payment systems within BRICS to boost the bloc’s financial…
Swift Unveils Plan to Integrate Digital Assets and Currencies Into Global Payment Network
Swift has unveiled a plan to enable the movement of digital assets and currencies on its global payment…