Finance

Please try another search Economy 5 hours ago (Jun 22, 2022 03:30PM ET) © Reuters. Figurines are seen in front of displayed stock graph and word “Inflation” in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration By Davide Barbuscia NEW YORK (Reuters) – Central banks’ focus on fighting persistently high inflation could lead to a …

Inflation and recession dominate outlook, increase risk of accidents Read More »

Please try another search Economy 5 hours ago (Jun 22, 2022 03:10PM ET) © Reuters. Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico, February 27, 2020. REUTERS/Edgard Garrido By Ann Saphir (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Wednesday …

Fed’s Evans: another big rate hike ‘reasonable’ for July Read More »

© Reuters. The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger (Reuters) – The U.S. Federal Reserve should raise interest rates above 3% by the end of this year and then reassess how much more it needs to do to bring inflation …

Fed’s Harker says interest rates should reach above 3%, then reassess Read More »

Please try another search Economy 7 hours ago (Jun 22, 2022 01:51PM ET) © Reuters. A woman stands near a logo of Bank Audi, as seen at the entrance of the Bank’s head office in Beirut, Lebanon, March 4, 2022. REUTERS/Mohamed Azakir/Files By Timour Azhari and Maya Gebeily BEIRUT (Reuters) -Lebanon’s Bank Audi and Al-Mawarid …

Exclusive-Lebanon’s Bank Audi, others, disavow banking group’s objection to IMF plan Read More »

After crypto financial service provider Babel Finance halted withdrawals and redemptions amid a market slump on Friday, the platform has now taken steps to ease short-term liquidity pressure. In a recent notice, the platform remarked that “an emergency assessment” of the company’s liquidity status was carried out. It also said, “We have communicated with major counterparties …

Babel Finance Releases Debt Repayment Arrangement Days After Freezing Withdrawals Read More »

On June 16, major cryptocurrency lending platform Babel Finance announced that withdrawals would be temporarily halted because of “unusual liquidity pressures.” Liquidity issues are currently challenging the survival of multiple DeFi services, especially lending platforms. Celsius has created a ripple effect on other lenders in the industry. BlockFi’s competitor has also suspended withdrawals of crypto …

More Problems: Distressed Lending Platform Babel Finance Rescued Amid Crisis Read More »

Nexo is a project that is part of a burgeoning decentralized finance (DeFi) sector that is aiming to replicate and replace a range of financial services that have been offered by more established, and traditional entities for a number of years. The advent of cryptocurrencies such as Bitcoin has resulted in the emergence of an …

Nexo Review: Fast Cash Loans Backed By Your Crypto Holdings Read More »

Vitalik Buterin. Source: a video screenshot, Lex Fridman / YouTube Ethereum (ETH) co-founder Vitalik Buterin has said he is “definitely” worried about centralization risks following The Merge, the event when the current Ethereum Mainnet merges with the beacon chain proof-of-stake (PoS) system. The Ethereum mastermind noted that Lido Finance, the largest provider of staking services …

Vitalik Buterin Confirms Post-Merge Ethereum Centralization Concerns, Urges Not to ‘Overly Catastrophize’ It Read More »

Russia has thwarted a Western effort to have its crude diamonds labeled as “conflict diamonds”—thwarted it so effectively that the Russia-Ukraine war won’t even be discussed at a crucial meeting of diamond producers this week. The phrase “conflict diamonds” refers to those that finance “violence by rebel movements and their allies seeking to undermine legitimate …

Are Russian diamonds now conflict diamonds? Depends on who you ask Read More »

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