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...In November the company paid $4.3bn in penalties to US authorities after pleading guilty to criminal charges related to money laundering and violating international sanctions rules....
...Asian currencies dropped against the dollar on Tuesday following stronger than forecast retail sales data in the US, which further reduced the likelihood of imminent interest rate cuts by the Federal Reserve...
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...That optimism has been fuelled by bitcoin’s 121 per cent rise in the past six months as US regulators approved stock market funds that invest directly in bitcoin....
...Sterling’s decline also contributed to a 0.9 per cent rise in UK stocks on Friday, as the FTSE 100, whose constituent companies draw most of their revenues in dollars, ended the day’s trading just short...
...Cumulative average daily returns while Wall Street is closed come to 26.4 per cent, against 9.9 per cent during US trading hours, CCData said....
...Email me at philip.stafford@ft.com Join me and fellow colleagues at FT’s flagship Crypto and Digital Asset Summit on May 8-9 in London....
...In April 2021, US sanctions body Ofac put 16 groups and 16 individuals on its list, accusing them of meddling in the 2020 US presidential election....
...Sales of new-single family homes in the US have stalled since the start of this year, as mortgage rates creep up from the multi-month lows they hit in late 2023....
...Japanese officials have warned on multiple occasions in recent weeks that they are ready to step in to prevent excess moves in the country’s currency, which has weakened more than 9 per cent since the start...
...The US Dollar Index climbed 0.5 per cent to reach 102.9, its highest level in a month, as risk appetite damped following cautious remarks from ECB officials on rate cuts in 2024....
...The inflows into 11 new bitcoin exchange traded funds that received US regulatory approval in January went into reverse this week....
...The price has surged since US regulators in January approved spot bitcoin exchange traded funds issued by Wall Street stalwarts including Fidelity and BlackRock, the world’s largest asset manager....
...The yen continued to strengthen against the dollar, rising 0.05 per cent to ¥147.00 as traders priced in forthcoming interest rate cuts from the US central bank....
...The figures released on Friday by the US labour department were far stronger than the 200,000 job gains, and steady unemployment at 3.9 per cent, expected by economists polled by Reuters....
...Expectations of fewer US rate cuts have also sparked a slump in emerging market currencies against the dollar, prompting interventions by Asian central banks, including Indonesia and South Korea....
...Economists polled by Reuters expect the US economy to have added 200,000 new jobs in March, down from 275,000 in February. They also expect the unemployment rate to hold steady at 3.9 per cent....
...In 2016 the Financial Times had revealed details of the $9.5bn fund’s operations but was assured by the group that it maintained “a rigorous policy to avoid conflicts of interest”....
...Breedon’s return on invested capital also slipped from 10.8 per cent to 9.9 per cent in 2023 — just below its 10 per cent benchmark....
...The S&P purchasing manager’s index, a measure of activity in the private sector, rose to 53.3 in February, up from 52.9 in January and the highest since May 2023....
...Join me and fellow colleagues at FT’s flagship Crypto and Digital Assets Summit on May 8-9 in London....
...Stock markets in Asia fell on Wednesday as traders priced in the possibility that the US Federal Reserve would be slower to cut rates than previously expected....
...The Canadian dollar’s depreciation on Friday was intertwined with a blockbuster US jobs report that pushed the greenback higher against a basket of peer currencies....
...The US economy added 275,000 jobs in February, beating expectations, but January’s strong number was sharply downgraded....
...It began the year valued at about $42,200, still far off its previous all-time high of $69,000....
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