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...This is notwithstanding that a large share of USDT’s reserves comprise short-term U.S. treasury bills and other U.S. dollar cash equivalents....
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...By doing so, dealers are “effectively dampening the price movements” of the S&P, according to a March report from the Bank for International Settlements....
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...The intervention by Venkatakrishnan, boss of one of the UK’s biggest banks, comes after years of patchy relations between ministers and industry and frustration in boardrooms over policy U-turns by successive...
...But it is a global responsibility. Perpetrators enjoy the help of global companies and banks, most based in New York and London. Dubai and Hong Kong are notorious money-laundering centres....
...The chief executive of HSBC said he believed China’s property sector had hit its lowest ebb and could begin to recover, even as banks take hundreds of millions of dollars in charges over their exposure to...
...The charge has been helped by the S&P 500, which has closed at a record high on 22 separate occasions during the quarter....
...A week ago, the main US stocks benchmark, the S&P 500, cracked through to a record high, clawing back to the previous high-water mark struck two years ago. On Monday, it set a new even higher record....
...One of the AFR100’s core principles was that native grasslands should not be converted into forests, said the World Resources Institute, which is a technical partner of the project....
...We’re also due a stream of central bank speakers, alongside monetary policy meeting minutes from the Fed, the European Central Bank and the Reserve Bank of Australia....
...Purchases by those state investors have been limited to shares in state banks and ETFs that track benchmark indices — far more restrained than 2015’s buying spree....
...“There are inconsistencies in the data set that was just released,” noted Louis Kuijs, head of Asia economics at S&P and a former World Bank economist in China....
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...the Bank Secrecy Act in early 2022....
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...HSBC declined to comment and Bank of China did not respond to a request to comment....
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