Author: FX

© Reuters. During the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under India’s presidency, the members were invited to discuss key financial stability and regulatory priorities, among other policy approaches. India urged member nations to build and understand the macro-financial implications of crypto assets and recommended formulating a coordinated global policy. India’s Finance Minister, Nirmala Sitharaman, has historically supported the idea of creating crypto regulations in partnership with other jurisdictions — given the global reach of crypto assets. Under India’s G20 Presidency, this narrative is now a part of mainstream discussions.India’s Finance Minister Nirmala Sitharaman during FMCBG…

© Reuters. FILE PHOTO: A woman reacts as she walks through her neighbourhood past apartment blocks destroyed in the course of Russia-Ukraine conflict in Mariupol, Russian-controlled Ukraine, February 15, 2023. REUTERS/Alexander Ermochenko BEIJING (Reuters) -China called for a comprehensive ceasefire in Ukraine on Friday and President Volodymyr Zelenskiy said he was open to considering parts of a 12-point peace plan put forward by Beijing. On the first anniversary of Russia’s invasion of Ukraine, Moscow’s ally China urged both sides to agree to a gradual de-escalation, warned against the use of nuclear weapons and said conflict benefited no one. The plan,…

straga/iStock via Getty Images Update 10:25pm: Adds Pioneer Natural comment, adds after hours trading. Pioneer Natural Resources (NYSE:PXD) -4% in Friday’s trading following a Bloomberg report it is considering an acquisition of shale gas producer Range Resources (NYSE:RRC), whose shares trade +14.4%. Deliberations are ongoing but there is no certainty the companies will reach an agreement, according to Bloomberg. Pioneer Natural (PXD) said it’s “not contemplating a significant business combination or other acquisition transaction,” the company said in a statement late Friday. Range Resources (RRC) fell 5.5% in after hours trading, while PXD rose 1.3%. The report sent natural gas-focused…

Pioneer Natural Resources says not contemplating an acquisition Source link

© Reuters. FILE PHOTO: The logo of the FATF (the Financial Action Task Force) is seen during a news conference after a plenary session at the OECD Headquarters in Paris, France, October 18, 2019. REUTERS/Charles Platiau By Tassilo Hummel and Ingrid Melander PARIS (Reuters) -Global financial crime watchdog Financial Action Task Force (FATF) suspended Russia’s membership on Friday, saying Moscow’s war in Ukraine violated the organisation’s principles. FATF is an inter-governmental organisation set up to combat money laundering and terrorism financing by setting global standards and checking if countries respect them. “This is the first time a member of FATF…

designer491 Bitcoin (BTC-USD) is on track to end the week ~6% lower, in line with broader stock markets, as investors stayed away from risky bets amid continued macroeconomic uncertainty fueled by hotter-than-expected inflation data. The data cemented fears that the Federal Reserve will have to tighten policy for longer than expected. Markets are pricing in ~75% chance that rates will top 5.25% by the end of the Fed’s June meeting. “In our view, the U.S. is experiencing a series of rolling recessions, including downturns in housing, cryptocurrency, several areas within Big Tech, industrial activity and capital spending,” said Wolfe Research…

© Reuters. The Hollywood sign is seen through clouds during rare cold winter weather, in Los Angeles, California, U.S., February 24, 2023. REUTERS/Aude Guerrucci By Steve Gorman and Rich McKay LOS ANGELES (Reuters) -A slow-moving winter storm intensified over California on Friday, triggering the first blizzard warning in parts of the Los Angeles area in 30 years and creating the extraordinary sight of snowflakes swirling around the iconic Hollywood sign. Snow and freezing rain pushed into the Golden State from the north, where it dumped about 10 inches (25 cm) of powder on Portland, Oregon, earlier in the week. California’s…

Markets:S&P 500 down 44 points to 3975US 10-year yields up 6.6 bps to 3.95%WTI crude oil up $1.19 to $76.58Gold down $11 to $1811USD leads, JPY lagsFriday’s PCE inflation report certainly didn’t cool worries about rising prices as all the main numbers in the report aside from income ran hot. The market reaction was more of what we’ve been seeing lately — US dollar strength. The data helped the dollar break through some resistance levels as it climbed to the highs of the year on most fronts (with GBP as a notable exception). AUD/USD broke through the 200-day moving average…

Haverty Furniture declares $0.28 dividend Source link

On the day:S&P 500 -1.0%DJIA -1.1%Nasdaq Comp -1.7%Russell 2000 -1.2%Toronto TSX -0.3%On the week:S&P 500 -2.7% — worst since DecNasdaq Comp -3.3% — worst since DecRussell 2000 -3.1%Toronto TSX -1.7%It was a rough one for US stocks but not as bad as it looked midday. The S&P 500 fell 45 points to 3974 after falling as low as 3947. There were a series of higher lows throughout the day, indicating that dip buyers are still lurking. The 200-day moving average held today on the first challenge.The bigger story is the bond market with US 2s closing at 4.81%, which is…