Singapore’s central bank, the Monetary Authority of Singapore (MAS), has given Coinbase “in-principle approval” allowing the crypto exchange to “offer regulated digital payment token products and services in the island state.” Coinbase stressed: “Today’s announcement underlines our commitment to Singapore as a regional hub.” Coinbase Committed to Making Singapore Its Regional Hub The Nasdaq-listed crypto
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Your browser does not support playing this file but you can still download the MP3 file to play locally. Fans of business and work podcasts won’t need any introduction to Steven Bartlett (Diary of a CEO), Bruce Daisley (Eat, Sleep, Work, Repeat), Jenna Kutcher (The Goal Digger Podcast) and Emma Gannon (Ctrl Alt Delete). All
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S&P Global Ratings lifted its rating outlook for Massachusetts’ AA-rated general obligation bond debt to positive from stable, citing progress on several long-term fiscal obstacles. The state’s robust economic recovery from the early pandemic led to larger-than-expected tax hauls in 2021 and 2022, funds S&P said Fridaywere used to pay down billions in debt and
The Washington and Oregon governors and the premier of Canada’s British Columbia province have signed a pact joining with California Gov. Gavin Newsom in setting environmental mandates that encourage electric vehicle use, and pledging dollars to investing in EV infrastructure. Newsom, Oregon Gov. Kate Brown, Washington Gov. Jay Inslee and British Columbia Premier John Horgan
JB Reed | Bloomberg | Getty Images It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage News Daily, and is expected to
High levels of inflation will persist longer in Britain than in almost all other advanced economies, the IMF warned as it took aim at Kwasi Kwarteng’s unfunded tax cuts. UK inflation will also be the highest in the G7 at the end of 2023, while in the 19-member eurozone, only Slovakia would have a higher
Actress Sandra Bullock has channeled much of her A-list wealth into real estate ventures, having bought and sold homes in Austin, Texas, Los Angeles, New York, a Georgia Tybee Island home and more across the country. Now a producer, she has just listed her stunning 91-acre compound in San Diego for $6 million. The property,
Fumio Kishida has signalled his support for the Bank of Japan’s ultra-loose monetary policy despite the yen’s plunge to its lowest level in real terms since the 1970s. In an interview with the Financial Times, the Japanese prime minister said the central bank needed to maintain its policy until wages rose and urged companies that
You can compare day traders and swing traders to the Ninja Turtles – always fighting the Foot Clan. They are always battling each other, but which one is better? Let’s break down the differences between day traders and swing traders, so you can decide which style of trading is better for you… Holding Time The
Shares in Amazon-backed electric truckmaker Rivian tumbled more than 7 per cent to a three-month low on Monday after it announced a recall of almost all of its vehicles due to a defect. The California-based company is recalling about 12,200 vehicles because of a loose nut, according to a filing Rivian made with the National
2022 Ford F-150 Lightning all-electric trucks during a launch event at the Rouge Electric Vehicle Center in Dearborn, Michigan, U.S., on Tuesday, April 26, 2022. Emily Elconin | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Ford Motor, General Motors — Shares of Ford and GM fell 7% and 5%
Sweden’s Riksbank is sometimes accused, only half in jest, of awarding the Nobel memorial prize for economic research decades after the research in question actually made a difference. One could be forgiven for wishing the accusation were true today. The work that the 2022 prize honours — runs on financial institutions, the damage they do,
One thing to start: Asset managers are under scrutiny on two continents for their power and importance as well as concerns about the products they sell. Just like bankers following the financial crisis, and the complex financial products (think CDOs, CLOs and MBSs) they cooked up, once again the focus is on an alphabet soup
Uncertainty around the U.K. housing and mortgage market has spread among first-time buyers. Resolution Productions via Getty Images Mortgage products have been pulled, payments are doubling and lenders are backing out of agreed deals; concern and uncertainty among Brits trying to buy a home skyrocketed last month after Finance Minister Kwasi Kwarteng announced his “mini-budget.”
The income tax officials arrived at the Bangalore office of the Independent and Public-Spirited Media Foundation on Wednesday, September 7, and stayed until 4:30am on Friday. They combed through records, took statements from senior staffers and removed the organisation’s laptops and mobile phones to clone the data. As they worked through the first night, the
Meta’s VP of Metaverse, Vishal Shah, acknowledged that Horizon Worlds, the flagship app that Meta uses to show the potential of its metaverse, still has many problems affecting its usability. In a recent memo, Shah explains that even Meta’s employees are not using the app so much, and hints at the establishment of time quotas
Professor Roger Sandilands (Letters, October 7) proposes that the UK reduces its taxes on high “earned” incomes and instead increases taxes on urban and rural land. His argument that land is inanimate and cannot be “demotivated” by taxation is obviously true, however the owners of the land are clearly animate economic beings who will have
Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: Old Republic International (ORI). Old Republic recently delivered a solid third quarter beat, driven by improving underwriting profits across several of its insurance lines. Analysts also revised their earnings estimates higher