Author: FX
The Capital Market Authority (CMA), Oman’s financial markets regulator, looks to establish a new regulatory framework for the virtual asset industry in the Sultanate. According to a Feb. 14 press release, the new rules would include oversight of virtual asset activities, a licensing process for virtual asset service providers (VASPs), and a framework to identify and mitigate risks surrounding the new asset class. The announcement reads:Continue Reading on Coin Telegraph Source link
© Reuters. FILE PHOTO: Cars drive past a branch of Raiffeisen Bank in Moscow, Russia, February 11, 2023. REUTERS/Tatyana Makeyeva (This Feb. 17 story has been refiled to say ‘an’ in paragraph 1) By John O’Donnell, Francesco Canepa and Alexandra Schwarz-Goerlich FRANKFURT/VIENNA (Reuters) – The United States’ sanctions authority has launched an inquiry into Raiffeisen Bank International over its business related to Russia, increasing scrutiny of the Austrian lender that plays a critical role in the Russian economy. Responding to questions from Reuters, the bank said it had received a request from the U.S. Treasury Department’s Office of Foreign Assets…
3/3 © Reuters. FILE PHOTO: A view of a caution tape as members of the U.S. Environmental Protection Agency (EPA) (not pictured) inspect the site of a train derailment of hazardous material in East Palestine, Ohio, U.S., February 16, 2023. REUTERS/Alan Freed 2/3 By David Shepardson and Brad Brooks WASHINGTON (Reuters) -The Biden administration on Friday defended its response to the Feb. 3 derailment of a train loaded with toxic chemicals in East Palestine, Ohio, that caused a fire and sent a cloud of smoke over the town, saying it was sending more federal resources. The derailment of the train,…
hanibaram/iStock via Getty Images Shengfeng Development (SFWL), a provider of logistics services in China, has downsized its proposed US initial public offering by 46% to $14M. The company said in a filing that it is now looking to offer 3M ordinary shares priced between $4 and $5, which would raise around $14M if priced at the midpoint. Shengfeng intends to list its shares on Nasdaq under the symbol SFWL. Univest Securities is serving as lead bookrunner. In a filing made in January, Shengfeng said it was planning to raise $25M by offering 5M shares priced at $5 per share. Shengfeng…
gguy44 Jayud Global Logistics (JYD), a provider of cross-border logistics services in China, has filed to raise $12M through a US initial public offering. Jayud didn’t specify in its filing the size or price of the deal, but indicated in its filing fee schedule that it was looking to raise around $12M. Benchmark is serving as lead bookrunner. The company hopes to list its shares on Nasdaq under the symbol JYD. Incorporated in the Cayman Islands, Jayud is based in Shenzhen, which is part of the Greater Bay Area economic hub that also includes Guangdong, Hong Kong and Macao. Jayud…
MengWen Guo/iStock via Getty Images Chinese amusement park operator Golden Heaven (GDHG) has downsized its proposed US initial public offering by 23% to $27M. Golden Heaven said in its latest filing that it was now seeking to offer 6M ordinary shares priced between $4 and $5, which would raise around $27M if priced at the midpoint. The company hopes to list its shares on Nasdaq under the symbol GDHG. Revere Securities and RF Lafferty & Co. are serving as lead bookrunners on the deal. Golden Heaven first filed for an IPO in November, seeking to raise around $35M. Source…
The S&P 500 (SP500) on Friday slipped 0.28% for the week to end at 4,079.09 points, posting losses in three out of five sessions. Its accompanying SPDR S&P 500 Trust ETF (NYSEARCA:SPY) fell 0.19%. This was only the third weekly loss for the benchmark index in 2023 so far, but it came on the heels of a more than 1% retreat last week. News this week was dominated by economic data on inflation and what it meant for the future of the Federal Reserve’s path on rate hikes. It led to volatile trading sessions throughout the week in which Wall…
SlavkoSereda/iStock via Getty Images Crude oil futures closed 2% lower Friday to end the week on a downbeat note, as “rate hike worries returned with a vengeance” following tough talk from two Federal Reserve officials who warned that further increases would be essential to curb inflation. This week’s stronger than expected U.S. wholesale inflation data added to fears that the Fed may have to induce a recession to tame inflation. The possibility of more aggressive rate hikes by the Fed also helped strengthen the dollar, with the ICE U.S. Dollar index trading 0.3% higher for the week. The Energy Information…
© Reuters The upcoming Shanghai hard fork is slated to occur in March 2023, and the upgrade will cap off the network’s move to proof-of-stake (PoS), which started during the Merge on Sept. 15, 2022. Once Shanghai is implemented, previously locked Ether (ETH) will gradually become liquid for the first time since December 2020. According to on-chain Etherscan data, over 16.6 million ETH is currently locked in the PoS staking protocol, which was valued at $28 billion on Feb. 16, 2023. Ethereum’s move from proof-of-work (PoW) to PoS has started to achieve the original goal, which was to make Ether’s…
US Secretary of State Antony Blinken said the US has information that China is considering sending weapons to Russia for the war in Ukraine.The concern that we have now is based on information we have that they’re considering providing lethal support,” Blinken told CBS’s Face the Nation. “And we’ve made very clear to them that that could cause a serious problem for us and in our relationship.”Blinken said the lethal aid could range from ammunition to the weapons themselves.Blinken will meet with his Chinese counterpart Wang Yi this weekend in a meeting that was delayed by the balloon fiasco.Another report…