Category: Treasury
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Has The US Treasury Created An XRP Wallet? Here’s The Truth
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Rumors have spread about the US Treasury Department’s alleged foray into the XRP Ledger (XRPL), causing a stir across the digital asset community. On January 21, several community accounts on XRP Scam Alert However, a deeper look under the hood revealed a series of red flags indicating that the wallet…
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Treasury intervenes in car finance row as billions in compensation hang in the balance
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The Treasury is seeking to intervene in a major High Court case that could drag Britain’s car finance industry into a costly mis-selling crisis on a par with the notorious PPI scandal. Ministers want the court to consider the wider impact on investor confidence in the UK regulatory system and,…
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Rachel Reeves weighs a ‘hotel tax’ as treasury battles to fill funding gap
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Britons and foreign visitors may soon find themselves paying a “hotel tax” on every night they stay, under Treasury proposals designed to shore up the public purse as borrowing costs continue to rise. The potential tax, part of “modeling exercises” being carried out by officials, mirrors tourist taxes in countries…
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Treasury chief Shlomi Heisler to step down
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The Director General of the Ministry of Finance, Shlomi Heisler, submitted his resignation to Finance Minister Bezalel Smotrich, and will step down in January, after the 2025 state budget was approved by the Knesset Finance Committee. Hessler was in this position for two years. His resignation for personal reasons. “I…
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Senator Lummis Holds Talks With Treasury Secretary Bessent On Bitcoin Reserve Strategy
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In a significant step toward creating a US Strategic Bitcoin Reserve, Senator Cynthia Lummis recently met with new Treasury Secretary Scott Besent, according to a recent report. Social media sharing On X (formerly Twitter) where Loomis expressed optimism about Bessent’s potential support for digital assets, especially BTC. Trump rings the…
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OECD undercuts Treasury growth forecasts
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The Organization for Economic Cooperation and Development issued its semi-annual report on the state of the global economy, and revised its growth forecasts for Israel downward. The new forecasts are more pessimistic than the expectations of the Bank of Israel and the Ministry of Finance regarding growth and fiscal deficit.…
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BoI, Treasury push for more retail banking competition
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Finance Minister Bezalel Smotrich and Bank of Israel Governor Professor Amir Yaron announced a new measure in their fight against concentration in the banking sector. They have formed an inter-ministerial team, which will focus on enhancing competition in the banking and credit sector for small businesses and households. The team,…
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BoI, Treasury push for more retail banking competition
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Finance Minister Bezalel Smotrich and Bank of Israel Governor Professor Amir Yaron announced a new measure in their fight against concentration in the banking sector. They have formed an inter-ministerial team, which will focus on enhancing competition in the banking and credit sector for small businesses and households. The team,…
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Bitcoin Adoption Grows As Rumble Unveils $20 Million BTC Treasury Strategy
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This article is also available in Spanish. Business adoption of Bitcoin (BTC) continues to gain momentum with the recent emergence of video sharing platform and cloud services Rumble unveil BTC treasury strategy. The move is in line with the growing trend of companies around the world to embrace Bitcoin as…
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Stocks, Bonds Rise as Traders Cheer Treasury Pick: Markets Wrap
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(Bloomberg) — A strong Asian day for stocks and Treasuries looks set to extend into Europe, where traders are accepting Donald Trump’s selection of Scott Bescent for Treasury Secretary as a calculated choice that would inject more stability into the U.S. economy and financial markets. Most read from Bloomberg Euro…
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Ripple CEO Reacts To Trump’s Billionaire Treasury Secretary Nominee
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After weeks of intense speculation, the next US president, Donald Trump, has been named Scott Besent chose the Chancellor of the Exchequer. The lengthy selection process has attracted many popular names, including Cantor Fitzgerald’s Howard Lutnick, former Federal Reserve Governor Kevin Warsh, and billionaire Mark Rowan. In the end, Trump…
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US Treasury Pick Bessent ‘Is a Fiscal Hawk’: Wall Street Reacts
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(Bloomberg) — Hedge fund boss Scott Besent’s nomination Friday for U.S. Treasury secretary is offering bond investors a glimpse into the incoming administration’s sweeping economic agenda after an extensive search that included several prominent contenders. Most read from Bloomberg The $28 trillion U.S. Treasury market was effectively closed for the…
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Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor
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Trump also said he would nominate Russell Vought to lead the Office of Management and Budget, a position Vaught held during Trump’s first presidency. Vought was closely involved in Project 2025It is a conservative plan for Trump’s second term that he tried to distance himself from during the election campaign.…
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Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor
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Trump also said he would nominate Russell Vought to lead the Office of Management and Budget, a position Vaught held during Trump’s first presidency. Vought was closely involved in Project 2025It is a conservative plan for Trump’s second term that he tried to distance himself from during the election campaign.…
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Histadrut and Treasury reach agreement on public sector pay
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The Israeli Ministry of Finance and the Histadrut trade union movement have reached a final agreement on a package of economic measures that will be part of the 2025 state budget. The most important part of the agreement concerns public sector salaries for hundreds of thousands of employees. Instead of…
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Bitcoin Treasury Adoption Surges: Meet the New MicroStrategies
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Follow Nicholas on X here Microstrategy Bitcoin treasury strategy for businesses Take off. Public companies are afraid to buy Bitcoin. It’s as if Trump’s pro-Bitcoin stance is giving companies the green light to hoard Bitcoin. yesterday LonelySeven public companies announced that they have purchased or plan to purchase bitcoin for…
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Natwest buys back £1bn in shares from Treasury as government stake drops to 11%
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NatWest has bought £1bn of its own shares from the UK Treasury, reducing the government’s stake in the FTSE 100 lender to just over 11%. This buyback, the second of its kind in 2024, saw NatWest acquire 263 million shares at 380.8p per share, a move chief executive Paul Thwaite…
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How the Treasury can get Kenya out of debt distress
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Treasury Minister John Mbadi is working under extremely precarious conditions. As he seeks to simplify Kenya’s financial landscape, he should not lose sight of the fact that any reference to the rejected 2024/2025 Finance Bill may anger Generation Z who thwarted its implementation in June this year. However, the country…
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Treasury raises Sh25bn from two November bonds tap sales
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The government raised Sh25.7 billion from its first two bond auctions this month, even as Kenya’s central bank continues to reject high-priced bids in a bid to lower interest rates. The November bond issuance consists of a 15-year note that was initially sold in April 2022, a 10-year note that…
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Treasury raises Sh25bn from two November bonds tap sales
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The government raised Sh25.7 billion from its first two bond auctions this month, even as Kenya’s central bank continues to reject high-priced bids in a bid to lower interest rates. The November bond issuance consists of a 15-year note that was initially sold in April 2022, a 10-year note that…