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...In Cairo’s case oil-rich states are considered crucial to its attempts to ease the currency crisis and meet commitments to the IMF to sell off state assets....
...But the biggest short-term impact has come from a $35bn deal with the United Arab Emirates to buy development rights of prime land on Egypt’s Mediterranean coast in the Ras al-Hekma area....
...“It just makes no sense that a company that lost many billions of dollars would have a substantial tax liability, much less one for $24bn,” FTX said in a December 10 filing....
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...“At the time of writing this, much of the central United States is in the grip of a major cold snap that has resulted in high electricity demand,” said EIA administrator Joe DeCarolis in a memo....
...United States.”...
...China and other economies do not hold dollars or euros because they are friends with Europe and the US. Rather, they run trade surpluses that earn foreign currencies....
...“We cannot allow dollar-backed stablecoin providers outside the United States to have the privilege of using our currency without the responsibility of putting in place procedures to prevent terrorists from...
...“The United States will not relent in using all the tools at our disposal to disrupt Hamas terrorist activity.”...
...Wally AdeyemoI don’t think we take anything for granted in the United States....
...The crisis has forced three-quarters of the population into poverty, while the Lebanese currency has lost more than 95 per cent of its value against the US dollar since the country went into economic meltdown...
...Could the mighty dollar also be dethroned?...
...Asian emerging market currencies are coming under pressure from a surging dollar, as tensions escalate in the Middle East following Iran’s attacks on Israel and expectations grow that the Federal Reserve...
...“It’s not even 12 months after the failure of three of the four largest banks in the history of the United States and you still can’t even talk about capital without the industry unleashing its coffers in...
...They’re actually taking advantage of the suppression of crypto here in the United States to advance their economic interests.”...
...Asked by prosecutors what she had meant by president, Ellison said: “of the United States”....
...Egypt has announced the sale of $1.9bn of state assets to Egyptian investors and a United Arab Emirates investment fund, its first significant privatisations since the divestment plan was announced in February...
...Nevertheless, in March the renminbi surpassed the dollar and became the most-used currency in China’s own cross-border payments, according to China’s State Administration of Foreign Exchange (Safe)....
...While the bloc, which has a collective population of more than 3bn, is keen to increase the use of local currencies in trading activity between member states, Leslie Maasdorp, chief financial officer of...
...On the renminbi, which fell about 5 per cent against the dollar over the past year as high US interest rates increased selling pressure on China’s currency, Pan predicted the central bank would have more...
...Even his fellow heads of state did not echo that call and no one expects the dollar to be undermined any time soon as the lingua franca of global money....
...That means to buy a current dollar of profit in the United States, you pay $23. The rest of the world, you’re paying $15. It’s a huge difference....
...Speaking in New Delhi, Yellen said she did not expect the slowdown in China to have a “very significant direct impact on the United States” but said countries in east Asia were more likely to be affected...
...Michael Hsu, the current Comptroller of the Currency, points out that if lending becomes more expensive, banks could spend less of their multi-billion-dollar profits on dividends and stock repurchases, rather...
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