Trade Financial News

Russian lawmakers passed a bill on Tuesday, July 30 allowing businesses to use cryptocurrencies in international trade, a move aimed at circumventing Western sanctions imposed following Russia’s invasion of Ukraine.

yen hovered near a 2-1/2-month high on Wednesday ahead of a key Bank of Japan (BOJ) policy decision where the central bank is set to detail plans to taper its huge bond buying and a rate hike is on the cards. Wednesday looked set to be a busy day for markets, with China's official purchasing managers' index (PMI) data and Australian consumer price figures also due during the Asian session.

Stocks that traded heavily or had substantial price changes on Tuesday: PayPal, JetBlue rise; Merck, Lattice Semiconductor fall

Consumer advocates are criticizing a court decision to hold up a Biden administration rule that requires airlines to more clearly disclose fees for baggage and changing a ticket

Pfizer now expects 2024 earnings to wind up well above analyst expectations after starting the year with a forecast that disappointed Wall Street

The PoC was part of Project Desft (Digital Economy Semi-Fungible Token), an exploration from the BoG and Monetary Authority of Singapore into how technology can boost the participation of micro, small, and medium enterprises from developing countries in international trade. Maxwell Opoku-Afari, first deputy governor, Bank of Ghana, says: "Project Desft is aimed at supporting SMEs in Africa to engage in international trade by removing significant obstacles they face, such as establishing trust with overseas trade partners and obtaining support in cross-border payments and supply chain finance." The project has been focusing on cross-border trade between the two nations using the UN-developed, blockchain-based Universal Trusted Credential, the Singaporean Dollar stablecoin, the Ghanaian CBDC (eCedi) and purpose-bound money. Giesecke+Devrient delivered its Filia platform for the CBDC part, while local commercial lender Fidelity Bank offered banking and exchange services for the eCedi. G+D says the PoC demonstrated a direct transfer between the transacting parties, eliminating the need for the long chain of intermediaries and corresponding high costs in cross-border payments.

Bitcoin (BTC) continues its downward trend, currently trading at $65,714. Earlier, BTC was trading above $67,500 but failed to maintain its upward momentum, dropping back to $65,714.

Starknet-based ZKX Protocol will shut down with all markets delisted and funds returned to users due to financial challenges.

A new Olympics meme coin is generating a huge buzz in crypto trading circles as Olympic fever rises and crypto influencers bet that 100x gains are possible.

Next, Decathlon, Primark, GAP, Walmart, Pepco, and Tesco are planning to ramp up sourcing from India, industry executives told ET.

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Andrew Left , the founder of Citron Research, has pleaded not guilty to a series of federal securities fraud charges.

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With rising open interest peaking at $3.25 billion, market optimism for cryptocurrencies such as Solana price is on an upswing, hinting at potentially higher valuations.

Canadians may have noticed the value of their dollar dwindling ever since the Bank of Canada’s latest interest rate cut last week.

Imagine a centralized exchange that not only prioritizes security and transparency but also focuses on community involvement, affordable trading, and innovative features. Enter Kounotori ($KTO), a forward-thinking project that promises to reshape the trading experience.

intelliflo, the fintech company owned by and operating independently from Invesco, said it’s helping users of its portfolio management software save time with a critical housekeeping update.

QXO Inc., a company that had boasted an implied valuation of more than $90 billion at one point last week, burned some investors badly late Monday when its thinly-traded shares spiraled sharply downwards.

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₹41 trillion of public money. The alleged offender, a bond dealer turned equity dealer at LIC, reportedly used accounts of close relatives, including his mother, mother-in-law, and even his deceased father, to conduct these illicit trades. These incidents underscore a sobering reality: where there's opportunity for financial gain, there will always be those willing to bend or break the rules.

Piyush Goyal said on Tuesday. He said these agreements were signed and implemented during the UPA regime.