-- Most Asian currencies moved little on Monday as traders digested middling cues from China on its plans for fiscal stimulus, while the yuan softened following weaker-than-expected inflation data.
According to Odaily, Shaktikanta Das, the Governor of the Reserve Bank of India, emphasized the potential of central bank digital currencies (CBDCs) in enhancing efficient cross-border payments. India has once again positioned itself among the few countries that have introduced both wholesale and retail CBDCs. The initiative aims to facilitate cross-border transactions and address significant financial stability concerns associated with cryptocurrencies. A notable challenge, however, is that countries may prefer to design their systems based on national considerations.
-- Gold prices steadied in Asian trade on Monday as traders awaited more cues on U.S. interest rates from a string of Federal Reserve speakers this week, while bets on a November cut persisted.
-- Chinese consumer inflation unexpectedly eased in September as private spending remained weak, while a decline in producer inflation worsened, highlighting the need...
SINGAPORE (Reuters) - Singapore's economy grew 4.1% in the third quarter from a year earlier, preliminary government data showed on Monday. Economists polled by Reuters had...
Welcome to the Artificial Intelligence Outlook for Forex trading. https://www.youtube.com/watch?v=3D6iCq136r8 VIDEO TRANSCRIPT U.S. Dollar Index Okay, hello everyone, and welcome back! My name is Greg Firman, and this is the ...
-- Chinese consumer inflation unexpectedly eased in September as private spending remained weak, while a decline in producer inflation worsened, highlighting the need...
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China's consumer inflation unexpectedly eased in September, while producer price deflation deepened, heightening pressure on...
According to Odaily, last week, U.S. Attorney General Merrick B. Garland announced in Washington that TD Bank, one of the largest financial institutions in the United States, has pleaded guilty to multiple felony charges, including conspiracy to violate the Bank Secrecy Act and money laundering. Garland confirmed in a statement that TD Bank has agreed to pay a criminal fine of $1.8 billion, along with civil enforcement actions, bringing the total penalties to approximately $3 billion. He highlighted that this resolution includes the largest fine ever imposed under the Bank Secrecy Act and marks the first time the Department of Justice has assessed daily fines against a bank. TD Bank is the largest bank in U.S. history to admit to violating the Bank Secrecy Act and the first to acknowledge conspiracy to launder money. The Department of Justice emphasized the bank's compliance failures, which created an environment conducive to rampant financial crimes.
According to Foresight News, South Korea is set to establish the Virtual Assets Committee within this month, with the first meeting expected to take place soon. The committee will operate under the jurisdiction of the Financial Services Commission (FSC). Analysts believe that the formation of this committee will expedite discussions on approving Bitcoin and Ethereum spot ETFs. Industry insiders have also indicated that the committee will address the issue of allowing corporate investments in virtual assets.