A much anticipated first-ever plan to regulate cryptocurrency in Europe was unveiled on Thursday by the European Commission. The executive branch of the European Union (EU), the agency responsible for managing the day-to-day business of the 27-nation bloc, proposed legislation crafted to reduce risks for investors, while also giving legal certainty to companies issuing them. [...]
Some Bank of Japan board members warned a resurgence in the coronavirus pandemic could delay economic recovery and destabilize its banking system by pushing more companies under, minutes from the bank's July rate review showed on Thursday. While they agreed on the need to ramp up stimulus if needed, the BOJ policymakers said the hit [...]
At its September monetary policy meeting, the Reserve Bank of New Zealand (RBNZ) board members decided to keep the Official Cash Rate (OCR) unadjusted at a record low of 0.25% for the fourth month in a row, as widely expected. Members agreed a lower OCR would be complementary to its other monetary policy tools, and [...]
USD gained a little strength early today by the latest comments from the US Secretary of State Mike Pompeo from the United Nations (UN) meet. The Trump administration member thanked, France, Germany, and the UK, via twitter, as they backed rejection to China’s claim over the South China Sea. Elsewhere, the Fed Chair Jerome Powell [...]
