Washington Financial News

07.03 / 12:43

UPS stake Ukraine, Covid-19 Aid at Stake as Talks on Omnibus Spending Bill Continue

WASHINGTON—Congressional negotiators were rushing to complete the text of legislation funding the government beyond Friday, with the Biden administration’s request for $10 billion in aid to Ukraine adding to pressure to meet a looming deadline.

03.03 / 17:03

Action lawmakers Fed’s Powell Set to Discuss Rate-Rise Plans With Senate Lawmakers

WASHINGTON—Federal Reserve Chairman Jerome Powell is set to return to Capitol Hill on Thursday morning for the second of two days of testimony, this time before the Senate Banking Committee.

03.03 / 12:43

Europe Bitcoin Washington, Europe Vow to Target Russian Crypto Sanctions Evasion Efforts

The next round of sanctions against Russia and wealthy individuals based in the country could target crypto and crypto exchanges, with Washington already taking aim at those hoping to secure their funds by making bitcoin (BTC) and altcoin buys.

03.03 / 06:43

business Blockchain Law Ethereum audit Former ConsenSys employees file for audit claiming 'serious irregularities'

A group claiming to represent 35 former ConsenSys AG (CAG) employees has requested an audit under the Swiss Code of Obligations to investigate “serious irregularities” they allege occurred at the company during mid-2020.

02.03 / 16:47

U.S. Moving to Confront China on Trade, Industrial Policy

WASHINGTON—The Biden administration is preparing to confront China on its industrial subsidies and seek ways to protect America’s edge in new technologies, hardening U.S. economic policy toward the nation’s chief global rival.

02.03 / 14:09

Biden’s State of the Union Address Pushes Unity Against Russia, Battle Against Inflation

WASHINGTON—President Biden said that Russian President Vladimir Putin is more isolated from the rest of the world than ever after invading Ukraine, using Tuesday’s State of the Union address to highlight the coordinated response of the U.S. and allies and rally Americans behind defending democracy.

02.03 / 06:07

business cryptocurrency Bitcoin Cryptocurrency Prices Today March 2: Bitcoin up, Binance Coin biggest gainer

Cryptocurrencies traded in the green early on March 2. The global crypto market cap is $1.93 trillion, a 1.10 percent increase over the last day, according to CoinMarketCap. The total crypto market volume over the last 24 hours is $104.67 billion, a 4.05 percent decrease.

01.03 / 20:17

Target BLOCK Digital Coindesk Department Treasury Department Targets Crypto Used to Bypass Russian Sanctions

The U.S. is forbidding Americans from using cryptocurrencies to circumnavigate financial sanctions placed on Russia as it seeks to further choke off financial support for the country's wealthy oligarchs.

01.03 / 20:11

U.S. Says It Is Realigning Its China Trade Policy

WASHINGTON—The Biden administration said it is realigning its trade policy toward China, looking at all existing tools and potentially new ones to combat Beijing’s state-led nonmarket practices.

01.03 / 04:23

Bukele El Salvador's President Bukele Silent on Ukraine War

Media outlets in El Salvador have hit out at President Nayib Bukele and his government over the perceived “silence” on the matter of Russia’s invasion of Ukraine.

28.02 / 16:03

U.S. Is Levying Sanctions Against Russia’s Central Bank

WASHINGTON—The U.S. is sanctioning Russia’s central bank to prevent the government from using its emergency reserve currencies to protect the economy from the Western pressure campaign, senior U.S. officials said ahead of the opening of U.S. markets.

28.02 / 09:43

Manufacturing Platform Токены HANS Chinese electric car start-up Nio plans to list in Hong Kong on March 10

BEIJING — U.S.-listed Chinese electric car company Nio is set to offer its shares for trading in Hong Kong on March 10, the start-up announced Monday.

25.02 / 18:33

Provident BLOCK Digital Aware Russia May Use Cryptocurrency to Evade Sanctions

In response to the economic sanctions being imposed by a number of countries on various Russian entities, these entities reportedly are looking to mitigate their impacts by making deals with anyone eager to work with them. In turn, these Russian entities can use cryptocurrencies to bypass the controls that the governments imposing sanctions are relying upon, particularly transfers of money through the traditional banking system.

25.02 / 15:45

UPS Oil prices Oil Prices Are Another Headache for Biden—Who Can’t Do Much About It

WASHINGTON—Oil’s surge past $100 a barrel after Russia’s attack on Ukraine intensifies the economic troubles confronting President Biden, whose administration has been struggling for months to reel in rising inflation.

25.02 / 12:49

UPS FIVE Cooper China's trade with Russia won't be enough to offset sanctions, U.S. says

BEIJING — China's trade with Russia isn't enough to offset the impact of U.S. and European sanctions on Moscow, according to the White House.

25.02 / 12:29

Trump Western Allies Claim their Targetted Russian Sanctions Trump a SWIFT Ban as Russian Occupiers Near Kyiv

The EU claimed it has created a “package of sanctions” that will be “massive and painful” for Russia. It stated that the new sanctions would remove some 70% of Russia’s banking capabilities – but Europe appears utterly divided as to whether it should block banks from an international banking protocol.

24.02 / 14:15

Action U.S., Allies Poised to Hit Russia With Broad Sanctions for Ukraine Invasion

The U.S. and its allies are poised to unveil further, sweeping sanctions against Russia after Moscow launched what President Biden called “an unprovoked and unjustified attack” on Ukraine, hoping a fresh tranche of penalties will punish Russia and persuade it to ratchet down hostilities.

23.02 / 23:31

Culture Military Ukraine crisis: Russia 'nearly 100% ready' for invasion, says Pentagon official

A senior US defence official in Washington said the Russian forces arrayed along Ukraine’s borders are “as ready as they can be” for an invasion, with about 80% in what the US considers "forward positions, ready to go” within 5 kilometres to 50 kilometres of the border.

23.02 / 11:49

Provident Digital U.S. Urges Canada to Abandon Digital Service Tax

WASHINGTON—The U.S. on Tuesday urged Canada to abandon its plan to impose a digital service tax on large businesses, warning that Washington would examine all options under bilateral trade agreements and domestic law to retaliate if such a levy is adopted.

23.02 / 08:41

European Union Live: Invading Ukraine was Putin's 'plan all along', Washington says

An invasion of Ukraine was Russian President Vladimir Putin's plan "all along", the US's top diplomat said, calling off a scheduled meeting with his Russian counterpart.

22.02 / 15:59

Germany moves to suspend certification of Nord Stream 2 over Ukraine tensions

German Chancellor Olaf Scholz announced that he has ordered the withdrawal of a key document needed for the certification of the Nord Stream 2 pipeline.

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