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...New York lawmakers have moved to limit how much creditors can recover from defaulted sovereign debt in the state’s jurisdiction, proposing to rewrite the law that governs about half of the foreign currency...
...Haley has spent heavily on campaign advertising, tapping a war chest filled by millions of dollars in donations from Wall Street and other deep-pocketed donors who have warmed to her Reaganite conservatism...
...While we’re on the subject of the IRS, the tax agency was blasted by bankrupt exchange FTX this week for chasing billions of dollars in tax liabilities from the collapsed trading venue....
...And we’re looking to Congress to work with us to do that in the United States....
...US secretary of state Antony Blinken and UK Prime Minister Rishi Sunak both said western countries were preparing sanctions on Tehran in an attempt to prevent escalation into a full-blown Middle East war...
...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....
...It is the most densely populated county in America’s most densely populated state....
...Rick Rieder, chief investment officer of global fixed income at BlackRock, which manages $9.4tn, said he had become more pessimistic about the state of the US economy in recent weeks....
...in currency markets at any particular time....
...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...
...After Andreessen Horowitz invested in Anduril in 2019, the mood changed fast. When he wrote on his website, “I believe in the United States of America. I believe in a strong national defence....
...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)....
...in America....
...Markets for US Treasury bonds and the dollar index, which measures the US currency against a basket of six other currencies, were little moved by the news....
...The commitment to greater use of local currencies fell short of the anti-dollar rhetoric heard before the summit, such as Brazil’s Lula floating the idea of a Brics common currency as a unit of trade....
...“It’s not even in the realm of possibility right now,” he said. “There is no break glass plan. We’re staying in the United States.”...
...So one of the states that suddenly shot on to the radar as a big source of remittances to Mexico was the state of Minnesota, not one of the biggest states in the US and one with a tiny Mexican-born population...
...They added that a common currency is not on the agenda, despite growing resentment of the US dollar’s dominance among members....
...This week, the Brazilian branch of the state-owned Industrial and Commercial Bank of China settled its first transaction directly in renminbi in the country, Chinese state media reported....
...‘A delicate game’ It is not just American military hardware that binds the Gulf to the US. The Gulf states peg their currencies to the dollar and continue to view the US as a key investment market....
...After 9/11, we were enraged in the United States. While we saw justice and got justice, we also made mistakes....
...Politically, I think it’s mildly net positive for the US, in terms of bargaining power and the continued ability to leverage the dollar as a reserve currency since a weaker China....
...“If other countries seize that opportunity, long term, it puts at risk the US dollar as a reserve currency, it puts at risk the ability for the US to do sanctions, it puts at risk the ability for the US...
...China, Russia, Iran, Cuba, and North Korea are intent on degrading America’s status as a bulwark of the rule of law and undermining the dollar as a reserve currency....
..., and from the United States . . ....
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