IMF warns Russia could use crypto ecosystem to avoid sanctions, cites bitcoin mining

(Kitco News) The International Monetary Fund said that Russia could use the crypto universe to get around the Western sanctions that have been imposed on the country since it invaded Ukraine in February. “The war in Ukraine has brought to the forefront some of the challenges that regulators face in terms of applying sanctions and … Read more

IMF says yen’s rapid slide may hamper Japan’s post-pandemic recovery

WASHINGTON- The chief of the International Monetary Fund’s Japan mission, Ranil Salgado, believes the yen’s recent rapid slide could hamper the pandemic-stricken Japanese economy from returning to steady growth due to rising import costs and less consumer spending. The yen’s drop to a 20-year low against the dollar last week is a reflection of the … Read more

Argentina will not modify $45 billion debt deal with IMF, finance minister says

FILE PHOTO – Demonstrators sit near the National Congress as the senate debates the government’s agreement with the International Monetary Fund (IMF), in Buenos Aires, Argentina March 17, 2022. REUTERS/Agustin Marcarian Register now for FREE unlimited access to Reuters.com Register BUENOS AIRES, April 23 (Reuters) – Argentine economy minister Martin Guzman said late on Friday … Read more

USD/JPY steadies around 128.50 ahead of Japan’s National CPI

USD/JPY is auctioning in a minor range of 127.82-128.71 as investors await Japan’s inflation. The BOJ will continue to stick with an ultra-loose policy despite a higher reading of inflation. The asset is balancing despite broader weakness in yen and a rebound in the DXY. The USD/JPY pair is displaying back and forth moves within … Read more

G20 cannot function with Russia at the table, Canada says

Candian Foreign Minister Chrystia Freeland speaks to journalists outside the US Trade Representative’s office in Washington, US, August 28, 2018. REUTERS/Chris Wattie/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 22 (Reuters) – The Group of 20 major economies cannot effectively function as long as Russia remains a member, Canada’s finance … Read more

G7 officials exit World Bank meeting as Russian official begins to speak

International Monetary Fund logo is seen outside the headquarters building during the IMF/World Bank spring meeting in Washington, US, April 20, 2018. REUTERS/Yuri Gripas//File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 22 (Reuters) – G7 officials and others walked out of a meeting of the Development Committee that advised the … Read more

World Bank estimates Ukraine physical damage at roughly $60 billion so far

Rescuers work at a residential building damaged during Ukraine-Russia conflict in the southern port city of Mariupol, Ukraine April 19, 2022. REUTERS/Alexander Ermoshenko/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 21 (Reuters) – Physical damage to Ukraine’s buildings and infrastructure from Russia’s invasion has reached roughly $60 billion and will … Read more

Yellen, BoE’s Bailey, Canada’s Freeland walk out of G20 meeting as Russians speak

WASHINGTON/LONDON, April 20 (Reuters) – Top finance officials from Britain, the United States and Canada walked out of Wednesday’s G20 meeting as Russian representatives spoke, UK finance minister Rishi Sunak said, exposing deepening divisions over Russia’s continued presence in the body. read more Ukrainian officials in attendance also walked out of the meeting of top … Read more

IMF Publishes Global Financial Stability Report Discussing Bitcoin

The IMF recently published the Global Financial Stability Report that details a great deal involving the state of the global economy. Subjects discussed in the report include: bitcoin as a means to avoid sanctions, the fragmentation of the old payments and banking infrastructure, and a global call to action for the regulation and control of … Read more

FTSE 100 Live 19 April: IMF updates economic forecasts, US earnings season picks up pace

1650381292 FTSE turns higher as stocks rally The FTSE 100 has turned positive in afternoon trade as stocks rally on the other side of the Atlantic. London’s bluechip index is up 5 points with around 20 minutes of the trading day left, having spent much of the session underwater. Momentum is being helped by trading … Read more