City Washington Financial News

1/ UNDER PRESSURE Markets have come around fast to the Fed's view that instead of being cut anytime soon, rates will remain high for longer. After another brutal bond sell off, focus turns to Wednesday's U.S. inflation data.

By Bansari Mayur Kamdar and Johann M Cherian

semiconductors and solar panels. The US official was due to meet Friday with China's No.

Investing.com — U.S. futures traded lower, ahead of the release of key labor market data, which could influence Federal Reserve thinking in the run-up to July's policy-setting meeting.

Behind the deadly front lines where Ukrainian and Russian soldiers are locked in combat, a less-noticed life-or-death battle is raging to keep troops supplied with arms and ammunition. The side that loses that fight is the one that will lose the war. It is a lesson Washington is relearning.

President Joe Biden is heading to South Carolina to make the case that his economic agenda is helping keep even red states humming

Wall Street's main indexes ended with modest declines on Wednesday as investors digested minutes from the U.S. Federal Reserve's latest meeting and braced for significant economic data in the days to come. Minutes showed a united Fed agreed to hold interest rates steady at the June meeting as a way to buy time and assess whether further rate hikes would be needed.

By Bansari Mayur Kamdar and Johann M Cherian

IMF's executive board is set to meet on July 12 to review the USD 3 billion Standby Arrangement with cash-strapped Pakistan and will also possibly release the first tranche of USD 1.1 billion as part of the loan programme, a media report said on Wednesday. The Pakistan government and the International Monetary Fund (IMF) reached a long-awaited staff-level agreement on June 29 to inject USD 3 billion into the ailing economy after months-long negotiations that pushed the country to the brink of default.

By Kanishka Singh

China has imposed export curbs on two metals used in computer chips and solar cells, expanding a squabble with Washington over high-tech trade ahead of Treasury Secretary Janet Yellen’s visit to Beijing this week

After a month of rumination, one of Austal’s North American suitors is close to stumping up the cash.

Russia's envoy to the United Nations in Geneva said there were no grounds to maintain the «status quo» of the Black Sea grain deal that is set to expire on July 18, the Russian news outlet Izvestia reported on Monday. In a wide ranging interview, envoy Gennady Gatilov told the outlet that the implementation of Russia's conditions for the extensions of the agreement was «stalling.» Those conditions included, among others, the reconnection of the Russian Agricultural Bank (Rosselkhozbank) to the SWIFT banking payment system.

By Andrea Shalal

After a six months gap, the actress is now active again on Instagram. She made her first post since her much-publicised trial against ex-husband Johnny Depp, who sued her after she accused him of domestic violence in a 2018 op-ed published in The Washington Post. On June 30, the ‘Aquaman’ actress shared a picture of her smiling and wrote, “Thank you for such an incredibly warm reception at the Taormina Film Festival for my latest movie In the Fire.

A Victorian brownstone in Washington DC linked to former FTX CEO Sam Bankman-Fried may have been sold. 

An unidentified buyer or buyers could soon own a property previously linked to defunct cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried in Washington D.C.’s Capitol Hill neighborhood.

crypto industry, and said many companies in the space had made a «calculated economic decision» to flout its rules. Speaking at a Piper Sandler conference in New York, Gary Gensler also reiterated his view that the «vast majority» of crypto tokens meet the test for being a security and should be registered with the SEC. That means most crypto exchanges have to comply with the securities laws too, he added. «When crypto asset market participants go on Twitter or TV and say they lacked 'fair notice' that their conduct could be illegal, don't believe it,» he said. «They may have made a calculated economic decision to take the risk of enforcement as the cost of doing business.» The crypto industry has attacked Gensler in recent days after the SEC sued two of the world's largest crypto exchanges, Coinbase and Binance, for allegedly breaking securities laws by failing to register their operations with the agency.

JPMorgan Chase & Co CEO Jamie Dimon on Wednesday called for «real engagement» between policymakers in Washington and Beijing, as Sino-U.S. relations continue to fray.

Artificial intelligence (AI) may the “the most consequential” technological change in our lifetime, and governments now need to learn how to control it, according to Microsoft President Brad Smith.

Cryptocurrency exchange Coinbase is honing in on Washington DC with a new TV campaign set to launch this week promoting the future of crypto amid its own fight with US regulators.