Usa Financial News

Former ASIC chairman Greg Medcraft has urged the leader of the ASX’s new clearing and settlement advisory group, Alan Cameron, to make sure the exchange does not abandon blockchain technology and be left behind in the global capital markets technology arms race.

rupee depreciated 5 paise to 83.09 against the US dollar in early trade on Wednesday as elevated crude oil prices and strength of the American currency weighed on investor sentiments. Forex traders said the rupee is trading lower on strong dollar and sustained foreign fund outflows over the past few days. At the interbank foreign exchange, the domestic unit opened at 83.08, then touched 83.09, registering a decline of 5 paise over its last close. On Tuesday, the rupee plunged by 33 paise to close at 83.04 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.09 per cent to 104.71. Brent crude futures, the global oil benchmark, rose 0.07 per cent to USD 90.10 per barrel. Saudi Arabia and Russia shook the oil world when they extended production cuts to December taking Brent oil to USD 90.19 per barrel, Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP said. This spelled tighter supplies in the next four months as markets expected a supply cut only up to October.

Crypto asset manager Grayscale’s legal team has sent a letter to the US Securities Exchange Commission (SEC) asking the agency to move ahead with its proposed Spot Bitcoin BTF and meet its staff as soon as practical. 

ChatGPT alternative Ernie bot last week, reigniting a rally that has increased the company's valuation by $23 billion from last year. Baidu along with other Chinese companies like SenseTime, Baichuan Intelligent Technology, Zhipu AI, and MiniMax had launched their AI chatbot in China after securing regulatory approval for mass release.

rupee depreciated 29 paise to end near its two-week low of 83.04 a dollar. The yen was at 147.66 per dollar, just shy of 147.8 per dollar, the lowest since November 4 it touched overnight. The euro was unchanged at $1.0721, having breached a three-month low of $1.0705 overnight.

The boss of “no-chafing” underwear group Step One says it will be a “slow and steady” recovery for the online retailer which dialled back its United States expansion plans and expanded into women’s underwear.

The global cryptocurrency market cap was trading lower, around $1.04 trillion, declining 0.79% in the last 24 hours. «Bitcoin has been trading around the $25,600 level. This may be because of the uncertainty around a Bitcoin spot ETF in the US. This price movement suggests that the bears are actively trying to control the market,» Edul Patel, CEO & Co-Founder of Mudrex, said. Meanwhile, other top crypto tokens were also trading lower. Litecoin, Solana, and Shiba Inu fell over 2-3%, while Cardano, XRP, and BNB also declined.

The host of the first Africa Climate Summit says climate change is “relentlessly eating away” at Africa’s economic progress and it’s time to have a global conversation about a carbon tax on polluters

G20 Summit in New Delhi, if Beijing wants to come in and be a "spoiler", that option is available to it. The remarks came while responding to a question at a White House news conference on the impact of India-China border tensions on the G20 Summit.

Jawan starring Shah Rukh Khan is set to make a grand entrance at the box office. However, the upcoming G20 Summit in Delhi could put a damper on the celebrations for fans in the national capital. The Summit, scheduled for September 9-10, will see heads of state from around the globe, including US President Joe Biden, convening in Delhi.

Upstreet, a local fintech that rewards shoppers with fractional shares on the ASX and US stock exchanges when buying everyday items, has shut shop seventeen months after it raised $3 million from investors.

G20 summit in New Delhi on September 9-10. Instead, Premier Li Qiang will represent China, according to a brief announcement from the Chinese Foreign Ministry. While the ministry's spokesperson Mao Ning chose not to elaborate on Xi's absence, he did stress China's commitment to the G20's goals of global economic cooperation.

Indian stock market is expected to open on a cautious note Wednesday amid mixed global cues. While Asian markets traded mixed, US stock indices ended lower overnight as a rally in crude oil prices stoked inflation worries. Investors remained cautious as crude oil prices surged to 10-month high levels after Saudi Arabia and Russia announced to extend their voluntary oil production cut through the end of the year.

Macquarie Group’s asset management arm downgraded its short-term outlook as it expects returns from potential asset sales to push out into the second half of the investment bank’s 2024 financial year.

Genesis Global Trading (GGT), a New York-based subsidiary of Barry Silbert's Digital Currency Group, is set to halt its crypto spot trading services as of September 18. The decision comes directly from the company and is described as a voluntary measure due to unspecified business reasons.

Israel Adesanya defends his UFC middleweight title against Sean Strickland. Adesanya reclaimed his MMA career by knocking out Alex Pereira at UFC 287. Now, he faces Strickland, who has only two losses since returning to the middleweight division in 2020. Here's what you need to know about the fight between Adesanya and Strickland.

By Patricia Zengerle

The news sent crypto prices surging on Tuesday, with Bitcoin gaining more than six per cent, pushing the $28,000 mark. Grayscale and other asset managers, including BlackRock, WisdomTree and Fidelity, have pushed for the SEC to approve spot bitcoin ETFs, which would allow people to invest in the crypto without having to own it themselves.

One of South Korea's biggest banks, Hana will offer the services in the second half of next year, tapping crypto custody specialist BitGo's blockchain security technology.BitGo is also set to open a South Korean office after securing regulatory licenses, according to local press reports.Recently, the US firm closed a $100 million Series C funding round at a $1.75 billion valuation.

Brokerages are doing a better job of complying with Regulation Best Interest but they have more work to do before they get it right, state securities regulators said Tuesday.

Genesis Global Trading (GGT) will close down its cryptocurrency spot trading service on Sept. 18, according to press reports. GGT is affiliated with the Digital Currency Group (DCG), but it was not affected when the parent company’s crypto lender, Genesis Global Capital, declared bankruptcy in January.