Category: Treasury
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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…
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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…
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Rich parastatals face cash squeeze in Treasury raid
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Cash-rich parastatals are bracing for tough times after the state moved to raid their coffers in a move that will also see them hand over their surplus cash to the Treasury rather than investing in government paper. President William Ruto’s administration is eyeing at least Sh708.43 billion held by parastatals…
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Cardano’s $681.9 Million Treasury Set To Empower Community Governance
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Credit: BitcoinSystem The cryptocurrency landscape is constantly evolving, and Cardano (ADA) has emerged as a prominent player in this dynamic ecosystem. As the eighth-largest cryptocurrency treasury in the industry, Cardano’s financial reserves have received a lot of attention, especially with the impending transfer of this large treasury to the community.…
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Treasury seeks MPs nod for fresh Sh1bn Kenya Airways bailout
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Kenya Airways will receive Sh1 billion financial support from the Treasury for the financial year starting July if lawmakers approve the recommendations of the National Assembly Select Committee on Budget and Appropriations. The Ndinde Nyoro-led committee has asked lawmakers to approve the national carrier’s new bailout to partly fund its…
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Treasury fears trouble with IMF, debt risks
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The Treasury has intensified its pressure on Parliament to adopt punitive tax measures contained in the draft finance bill, saying it will help narrow Kenya’s budget deficit and reduce the desire to borrow. Principal Treasurer Chris Kipto said the higher taxes and new taxes proposed in the bill were needed…
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CBK bags Sh12bn interest from loans to Treasury
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The Central Bank of Kenya (CBK) will receive a total benefit of Sh12.62 billion from emergency lending to the National Treasury in the financial year ending June 30, 2024, more than double original estimates after the policy rate hiked over the past 12 months. A report on Consolidated Fund Services…
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Treasury sees NIS 55b in cuts needed for 2025
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The Israeli Ministry of Finance expects the fiscal deficit to decrease by 5.2% in 2025 to 4.4% in 2026 and 3.7% in 2027. Today, the Israeli Ministry of Finance published the latest figures for its three-year budget plan 2025-2027. According to the data, which plots the government’s current spending commitments…
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Treasury sees NIS 55b in cuts needed for 2025
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The Israeli Ministry of Finance expects the fiscal deficit to decrease by 5.2% in 2025 to 4.4% in 2026 and 3.7% in 2027. Today, the Israeli Ministry of Finance published the latest figures for its three-year budget plan 2025-2027. According to the data, which plots the government’s current spending commitments…
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Dollar rebounds as equities dip, eyes on Treasury auctions By Investing.com
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Investing.com – On Wednesday, the DXY index rose past the 105 mark. This move sparked debates among market watchers about whether this signifies the beginning of a new upward trend or is merely a continuation of range trading amid a period of low volatility. The recent pattern of weak results…
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Is Semler Scientific Adopting MicroStrategy’s Bitcoin Treasury Playbook?
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Tuesday, Semler Scientific Company (Nasdaq: SMLR), a medical software company, Announce It purchased 581 bitcoins for approximately $40 million as part of a “bitcoin treasury strategy.” In the wake of the announcement, some paralleled the company’s strategy with MicroStrategy’s, which entailed converting nearly all of its treasury into bitcoin. You…
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Is Semler Scientific Adopting MicroStrategy’s Bitcoin Treasury Playbook?
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Tuesday, Semler Scientific Company (Nasdaq: SMLR), a medical software company, Announce It purchased 581 bitcoins for approximately $40 million as part of a “bitcoin treasury strategy.” In the wake of the announcement, some paralleled the company’s strategy with MicroStrategy’s, which entailed converting nearly all of its treasury into bitcoin. You…