Category: official
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Top Fed official says he’s open to a rate cut sooner rather than later amid slowing inflation
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Inflation is slowing, and at least one Federal Reserve official has said he is “open” to cutting interest rates at the central bank’s next meeting in September. “The Fed is not going to be able to do that,” said Rafael Boucek, president of the Atlanta Federal Reserve and a voting…
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Fed official says no rate cuts yet, inflation still above target
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Kansas City Federal Reserve President Jeffrey Schmid indicated he is not prepared to support cutting interest rates as inflation rises above target and the labor market remains healthy despite some slowdown. Speaking to the Kansas Bankers Association, Schmid said the recent decline in inflation was “encouraging” and that further reports…
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Japan spent $36.8 billion in July intervention, official data shows By Reuters
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By Kevin Buckland TOKYO (Reuters) – Japanese authorities spent 5.53 trillion yen ($36.8 billion) intervening in the foreign exchange market this month to lift the yen from a 38-year low, official data showed on Wednesday. The Finance Ministry figures confirmed the doubts of traders and analysts following the sharp rise…
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China official protests Japan’s negative remarks at meeting with US, Chinese foreign ministry says By Reuters
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BEIJING (Reuters) – A Chinese Foreign Ministry official has expressed diplomatic dissatisfaction to Japan over negative comments made by the Japanese side during a recent meeting with the United States, China’s foreign ministry said in a statement on Wednesday. Liu Jinsong, director-general of Asian affairs at China’s Foreign Ministry, has…
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Kraken Becomes Official Crypto Partner of Tottenham Hotspur
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Leading cryptocurrency exchange Kraken has partnered with one of England’s most popular football clubs, Tottenham Hotspur. According to the official advertisementThe alliance has made Kraken the crypto, web3 and official sleeve partner of both the Tottenham Hotspur men’s and women’s teams ahead of the 2024/25 football season. Kraken Partners with…
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US to take ‘hard look’ at fighter project, top official says By Reuters
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By Tim Heffer FAIRFORD, England (Reuters) – The United States will closely examine its plans for the Next Generation Air Dominance platform – a future family of fighter jets and drones – before deciding whether to go ahead, U.S. Air Force Secretary Frank Kendall said on Saturday. The cost of…
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Spot Ethereum ETFs: Cboe Announces Official Launch Date For These 5 Funds
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After a long period of speculation and uncertainty, Spot Ethereum ETFs will officially begin trading next week, on Tuesday, July 23, 2024. The Chicago Board Options Exchange (CBOE) announced this important development. Five Ethereum ETFs to Launch on Cboe Next Week On Friday, July 19, the Chicago Board Options Exchange…
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Spot Ethereum ETFs: Cboe Announces Official Launch Date For These 5 Funds
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After a long period of speculation and uncertainty, Spot Ethereum ETFs will officially begin trading next week, on Tuesday, July 23, 2024. The Chicago Board Options Exchange (CBOE) announced this important development. Five Ethereum ETFs to Launch on Cboe Next Week On Friday, July 19, the Chicago Board Options Exchange…
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Central Bank Official Criticizes Binance Operations In Nigeria
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A Nigerian central bank official has said that Binance is operating illegally in multiple ways in the West African country. The development comes amid the ongoing legal proceedings against the prominent cryptocurrency exchange in Nigeria. Central Bank of Nigeria Official: Binance Violated Nigerian Currency Trading Policy In April 2024, the…
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Samsung Electronics workers to strike on July 8-10, union official says By Reuters
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By Heekyung Yang and Joyce Lee SEOUL (Reuters) – South Korea’s Samsung Electronics Co Ltd workers’ union has called a strike from July 8 to 10, a union official said on Tuesday, as it steps up industrial action against the country’s most valuable company. The official told Reuters by phone…
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Win for Raphael Tuju as court allows him to question bank official in Karen property fight
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The High Court has allowed former Cabinet Secretary Raphael Tuju to question an East African Development Bank official over his disputed loan with the regional lender. In a ruling in favour of Mr Tuju, Justice Alfred Mabia allowed an application to cross-examine Mr David Odongo over a statement he made…
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Japan to respond appropriately to excessive yen volatility, official says By Reuters
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Written by Kentaro Sugiyama and Makiko Yamazaki TOKYO (Reuters) – Japanese Chief Cabinet Secretary Yoshimasa Hayashi said on Tuesday that authorities will respond appropriately to excessive currency fluctuations, in a new warning as the yen weakens towards 160 yen to the dollar. Hayashi, a top government spokesman, told reporters that…
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Is Donald Trump actually launching an official coin?
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There’s no official confirmation on whether DJT on Solana is connected to Donald Trump’s campaign — but there are several reasons why the former president might be enticed. Donald Trump criticized central bank digital currencies, opened the door to accepting cryptocurrency donations, and called for the mining of all remaining…
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FMevents Announces Official Partnership with Emirates Airline for Upcoming Summit FMPS:24
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FMevents unveiled a new strategic partnership with Emirates Airlines ahead of its launch Finance Magnates Pacific Summit (FMPS:24) August 27-29 in Sydney, Australia. As the official airline partner of the event, Emirates will offer exclusively discounted fares to all attendees. Accessing FMPS:24 is easier than ever with Emirates. This includes…
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Russia-linked cyber attacks on Europe have doubled since 2023, top EU cybersecurity official says
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Destroyer Digital attacksThe number of such attacks, many of which have been traced to Russian-backed groups, has doubled in the European Union in recent months, and are also targeting election-related services, according to the EU’s top cybersecurity official. Geopolitically motivated attacks have risen steadily since then, Johan Lepassar, head of…
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CFI Named Official Sponsor of FIBA WASL Final 8 Basketball Tournament
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Online trading brokerage CFI will be the official partner of the ultimate FIBA WASL (West Asia Super League) basketball tournament, a sporting event that brings together teams from Lebanon, Bahrain, Kazakhstan, Kuwait, Iran and India. The event, organized by FIBA, will take place from May 25 to June 1 in…
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US FDIC needs ‘fresh start’ with new chair, White House official says By Reuters
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Written by Nandita Bose, Pete Schroeder, and Douglas Jellison WASHINGTON (Reuters) – The White House believes the U.S. Federal Deposit Insurance Corporation needs a “fresh start” with a new president who is not part of the leadership that has overseen its long-standing cultural problems, a White House official told Reuters…
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Flavor Flav is the official hype man for a U.S. women’s Olympic team
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Maggie Stevens asked for more support for the US women’s water polo team, and the captain received a particularly surprising answer. From the rap icon who wears the watch. Move by Stevens posted on InstagramFlavor Flav stepped forward to help USA team She also won an unprecedented fourth consecutive gold…
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Zimbabwe to fine businesses not using official new exchange rate By Reuters
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HARARE (Reuters) – Zimbabwe will impose fines on companies that use inflated exchange rates as the government struggles to preserve the value of its new gold-backed currency, Zimbabwe Gold (ZiG). Any company using an exchange rate higher than the official rate of 13.5 zig per U.S. dollar would be liable…