Former head of China’s central bank warns ‘USD-backed stablecoins could have worldwide influence’, and what about the yuan’s internationalisation?

US Dollar Lifted as FOMC Meeting Keeps Cuts on Table, but Leans HawkishThe Fed’s projections keep the possibility of two more cuts this year. However, the message was one of uncertainty, and ...

The Pakistani rupee posted marginal decline against the US dollar, depreciating 0.03% during trading in the interbank market on Thursday. At close, the local currency settled at 283.64, a loss of ...

ZURICH – Wealth grew disproportionately quickly in 2024 in the United States, where over 379,000 people became new millionaires, more than 1,000 a day, a report published on June 18 showed ...

The US Senate on June 17 passed a bill to create a regulatory framework for US-dollar-pegged cryptocurrency tokens known as stablecoins, in a watershed moment for the digital asset industry.

Good morning. Morgan Stanley sees the US dollar weakening another 9% in the year ahead. Ukrainian drones hit as far as Siberia. And read our travel expert’s top tips for Japan. Listen to the day ...

The bill, which is already being legally challenged and is unlikely to pass constitutional muster, is part of a recent trend of red states attempting to inject religious texts into the classroom.

Ending the panel, Lummis addressed one of the biggest reasons the US government should get into Bitcoin. “We are 37 trillion dollars in debt, so if we bought and held a million Bitcoin for 20 years it ...

Millions of low-income Americans could lose access to food stamps or see reductions in their monthly benefits as a result of House Republicans’ newly adopted tax bill, according to an analysis ...

US stocks plunged and Treasury yields rose on Wednesday as investors panicked over President Trump’s tax bill, which could add billions to the budget deficit and faces a rare 1 a.m. hearing ...

The dollar fell against a broad swathe of currencies on Wednesday, undermined by worries about the Trump administration's tax cut and spending bill, as well as a weak 20-year Treasury bond sale ...

U.S. 20-year bond yields hit their highest since November 2023 of 5.127% following the auction. The dollar consequently extended loses against the euro and yen.