Author: IA PressRoom

© Reuters. FILE PHOTO: Chinese and U.S. flags flutter outside a company building in Shanghai, China April 14, 2021. REUTERS/Aly Song WASHINGTON (Reuters) – The U.S Commerce Department is closely scrutinizing requests to send items to China and last year denied or took no action on 26%, a senior official said in written Senate testimony released on Tuesday. Commerce Department official Thea Rozman Kendler said in written testimony for a Senate Banking Committee hearing Wednesday that in 2022 the department reviewed 5,064 export and re-export license applications and about 26% were denied or returned without action.

© Reuters. FILE PHOTO: A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Chris Prentice (Reuters) – A former product manager for Coinbase (NASDAQ:) Global Inc and his brother have agreed to settle U.S. Securities and Exchange Commission (SEC) charges related to insider trading of crypto asset securities. The SEC said Ishan Wahi and his brother, Nikhil Wahi, agreed to settle civil charges that they engaged in a scheme to trade ahead of multiple announcements regarding at least nine crypto asset securities that would be made…

© Reuters Investing.com — The dollar slipped Tuesday, but could hitch a ride higher in the near term as investor focus is likely to shift from the debt ceiling to the jobs report later this week that could cement the prospect of a further Federal Reserve hike next month. The , which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.14% to 103.99. As the odds of another 25-basis-point hike from the Fed at next month’s FOMC meeting grow, MUFG said Tuesday that another “strong employment report this week would further reinforce those expectations and…

CNN  —  Tucked into a bipartisan debt ceiling deal is a critical energy provision that Democrats and Republicans in Washington both want – at least in theory. Energy permitting reform, which aims to cut down the time it takes for new projects to get approved, is one of the few bipartisan measures to emerge from a debt limit deal. But it is not without controversy. Here’s what to know. Energy permitting may sound dry, but it’s an important and necessary step for any plan that intends to bring new sources of energy to our homes and businesses. It’s the shorthand…

Dear Quentin, My brother-in-law is being honored by an organization that provides medical assistance to children of families who can’t afford their treatments. I was included on the email invitation, and the ticket price is $375 per person. I feel that it is unfair to ask an individual to incur such an expense.  I feel pressure to attend from my brother-in-law and his wife. My brother-in-law is on the organization’s board and was part of the team that set the ticket pricing. While it may be OK for a business, it’s an exorbitant price for an individual — namely me.…

Crypto.com cryptocurrency lender displayed on mobile with Crypto.com seen on screen in the … [+] background. On 19 February 2023 in Brussels, Belgium. (Photo illustration by Jonathan Raa/NurPhoto via Getty Images)NurPhoto via Getty Images Academic studies are revealing a lot about the way crypto markets are evolving, in terms of both the big picture and underlying technical issues. In this post, I discuss key insights from a set of research studies whose findings were presented at a recent conference which took place at Santa Clara University.1 The conference program and links to papers can be accessed here. Among the big…

© Reuters. FILE PHOTO: General view of Colombia’s central bank in Bogota, Colombia October 9, 2019. Picture taken October 9, 2019. REUTERS/Luisa Gonzalez BOGOTA (Reuters) – Colombia’s central bank could call time on its upward monetary cycle after inflation in Latin America’s fourth-largest economy slowed in May, bank board chief Leonardo Villar said on Tuesday. Villar also forecast high profits for the bank in 2023. The monetary authority has hiked its benchmark interest rate by 1,150 basis points since September 2021 in a bid to curb rampant inflation, which slowed to 12.82% for the 12 months through April. While inflation…

© Reuters. FILE PHOTO: The sun sets behind the U.S. Capitol building in Washington, U.S., October 6, 2021. REUTERS/Leah Millis By Davide Barbuscia NEW YORK (Reuters) – News of a debt ceiling agreement still leaves uncertainties on the U.S. credit outlook, analysts said, in addition to the immediate risk that Congress may not pass the proposed deal before the country runs out of cash. Democratic President Joe Biden and the top Republican in Congress, House Speaker Kevin McCarthy, have predicted they will get enough votes to pass the deal into law before Monday, when the U.S. Treasury Department says it…

Source: AdobeA former Coinbase manager and his brother have agreed to settle insider trading charges brought by a US regulator.Ishan Wahi and his brother, Nikhil Wahi, agreed to settle those charges on Tuesday, according to the US Securities and Exchange Commission. The SEC filed a complaint against the brothers in July, alleging that Ishan Wahi helped his brother by tipping him and his friend, Sameer Ramani, about what crypto would be available to trade on Coinbase and thus profited when the value of the crypto went up.“While the technologies at issue in this case may be new, the conduct is not.…

The Biden administration inched closer to green-lighting offshore wind energy lease sales spanning about 682,000 acres in the Gulf of Mexico on Tuesday.The Bureau of Ocean Energy Management (BOEM) published a final environmental assessment which it described as a “key milestone” as part of the Biden administration’s goal of holding the first-ever offshore wind lease sale in the Gulf of Mexico. The assessment, which analyzed impacts leasing would have on the environment and wildlife, was coincided with a finding of no significant impacts.”The completion of our environmental review is an important step forward to advance clean energy development in a…