Category: Treasury
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Treasury urges Chancellor to target pension savings of 6m middle-class workers
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Rachel Reeves, Consultant Rachel Reeves will push to tap into the retirement savings of up to 6 million middle-class workers in plans Treasury officials presented ahead of her first budget. The Chancellor is expected to consider a proposal to cut pension tax to a flat rate of 30% – meaning…
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$4.5M In Bitcoin Added To English Football Club’s Treasury
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English football club Real Bedford announced over the weekend that it has bought $4.5 million worth of Bitcoin to add to its coffers. The move is part of the non-professional club’s long-term strategy to gain promotion to the Premier League. The club’s dream has previously been backed by founders Gemini…
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$4.5M In Bitcoin Added To English Football Club’s Treasury
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English football club Real Bedford announced over the weekend that it has bought $4.5 million worth of Bitcoin to add to its coffers. The move is part of the non-professional club’s long-term strategy to gain promotion to the Premier League. The club’s dream has previously been backed by founders Gemini…
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National Treasury Reserve Push Sparks $1 Million Projections
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There has been a lot of talk about Bitcoin (BTC) lately. One well-known cryptocurrency expert, Andrew Kang, even said that Bitcoin could become a national asset. Cryptocurrency This interesting idea is causing a stir in the community, with people talking about how it will impact the entire world and setting…
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National Treasury Reserve Push Sparks $1 Million Projections
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There has been a lot of talk about Bitcoin (BTC) lately. One well-known cryptocurrency expert, Andrew Kang, even said that Bitcoin could become a national asset. Cryptocurrency This interesting idea is causing a stir in the community, with people talking about how it will impact the entire world and setting…
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Treasury can expect tax bonanza from Wiz sale
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How much of the $23 billion reported by Alphabet (Google’s parent company) to buy Israeli cloud security startup Wiz will the Israeli tax authority take? The low estimate is $2.5 billion, while the high estimate is $3.5 billion. The Israeli tax liability arising from the acquisition lies with Waze’s Israeli…
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US treasury auctions off $13 billion of 20 year bonds at a high yield of 4.466%
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High return 4.466% (last month was slightly lower at 4.452%) WI level at auction time 4.467% Tail -0.1 bp vs 6-month average -0.6 bp Coverage offered at 2.68X vs. 6-month average of 2.63X Traders 8.47% vs. 6-month average 12.1% Directed 14.32% vs. 6-month average of 18.2% Indirect 77.2% vs. 6-month…
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Treasury to spend Sh69bn on July external debt repayments
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Kenya plans to spend about $533 million (Sh69 billion) on external debt servicing this month, putting fresh pressure on foreign exchange reserves recently replenished with proceeds from a World Bank loan. Public debt data compiled by the Bretton Woods Institution shows that semi-annual payments to China for loans contracted since…
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Treasury: Every 1,000 haredi soldiers saves NIS 1.3b annually
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During discussions of the Knesset Foreign Affairs and Defense Committee, the Finance Ministry presented its estimates of the increased defense costs in the wake of the war and the potential benefits of recruiting Haredi soldiers. Among other things, the Finance Ministry says that extending compulsory military service and reserve service…
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U.S. Treasury auctioned off $58 billion of three-year notes at a high yield of 4.399%
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High return: %, average of six auctions 4.390% Tail: -0.8bp, average of six auctions -0.1bp Bid to Cover Ratio: 2.67x, Average of Six Auctions 2.57x Merchants: 14.8%, average of six auctions 17.0% Direct: 21.3%, average of six auctions 17.8% Indirect: 64.0%, average of six auctions 65.2% Auction grade: A- This…
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Are U.S. Treasury markets anticipating Trump 2.0? Yardeni Research weighs in By Investing.com
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Investing.com – The move higher in U.S. Treasury yields following last week’s debate between President Joe Biden and Republican challenger Donald Trump could be a sign that the bond market is pricing in a Trump victory in November’s presidential election, according to analysts at Yardeni Research. On Monday, the benchmark…
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Abra Starts Treasury Service For Corporate Clients
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As the cryptocurrency landscape continues to mature, smart institutions are looking for secure and efficient solutions to manage their digital asset holdings. Abraa prominent player in the cryptocurrency management space, recently launched a pioneering treasury service specifically designed for corporations, family offices, and non-profit entities. It’s worth noting that Abra…
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US Treasury yields boost dollar, Powell speech in focus By Reuters
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By Amanda Cooper and Stefano Ribaudo (Reuters) – Rising U.S. yields supported the dollar on Tuesday, while low-yielding currencies such as the Japanese yen felt pressure as investors awaited a speech by Federal Reserve Chairman Jerome Powell later in the session. Benchmark 10-year U.S. Treasury yields rose about 14 basis…
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Jobs, inflation data may break the US Treasury market out of narrow range By Reuters
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By David Randall NEW YORK (Reuters) – A series of upcoming economic reports and testimony from Federal Reserve Chairman Jerome Powell before Congress could push U.S. government bonds out of a tight trading range. Yields on benchmark 10-year US Treasury bonds, which move inversely with bond prices, have risen between…
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US Treasury finalizes new crypto tax reporting rules By Reuters
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Written by Hannah Lange (Reuters) – The U.S. Treasury Department finalized a rule on Friday that would require cryptocurrency brokers, including exchanges and payment processors, to report new information about user sales and exchanges of digital assets to the Internal Revenue Service. The new requirements are aimed at cracking down…
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Treasury proposes ban on many investments in Chinese semiconductor production
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The United States is determined to dominate semiconductors and not let China catch up. Proposed new rules restrict US investment in key sectors The rules prohibit certain investments in advanced design, automation, manufacturing and packaging tools Quantum computers and artificial intelligence have also been targeted Proposes notification requirements for all…
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Treasury proposes ban on many investments in Chinese semiconductor production
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The United States is determined to dominate semiconductors and not let China catch up. Proposed new rules restrict US investment in key sectors The rules prohibit certain investments in advanced design, automation, manufacturing and packaging tools Quantum computers and artificial intelligence have also been targeted Proposes notification requirements for all…
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Treasury proposes 5% spending cut to tame deficit
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Sources told Globes that during a meeting at the Ministry of Finance headed by the Minister of Finance yesterday, as part of a series of discussions on the state budget for 2025, the main proposal that was put forward was an overall 5% reduction in the state’s general budget. Budgets…
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Storm over Sh200bn Treasury budget cuts amid blackmail claims
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Treasury Minister Njuguna Ndongo on Thursday sparked a storm in Parliament over his warning of Sh200 billion in budget cuts if MPs scrapped a handful of tax increases proposed in the Finance Bill, with lawmakers accusing him of blackmail. The threat of budget cuts came before the Finance Bill was…