By Manya Saini
(Reuters) -The crypto sector's market value hit $4 trillion on Friday, according to CoinGecko, marking a milestone that reflects its shift from a nascent asset class to a central part of the global investment landscape.
A wave of renewed optimism, regulatory clarity in key markets and rising institutional flows have catapulted the crypto sector to a new valuation peak.
The U.S. House of Representatives passed a... (continue reading...)
By David Brunnstrom
WASHINGTON (Reuters) -Australia's ambassador to Washington said on Friday his country is working with the Pentagon on the U.S. Defense Department's review of the AUKUS submarine project and is confident that all issues raised will be resolved.
Kevin Rudd made the comment at the Aspen Security Forum and stressed his close relationship with Elbridge Colby, the U.S. undersecretary of defense for policy, who initiated the... (continue reading...)
(Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee on Friday said the constant "drip drip" of new tariff announcements undercuts the idea that tariffs have only a one-time impact on prices, and without clarity on where they will end up the central bank will need more time to decide if rate cuts are appropriate.
"We need some resolution that we can count on before we can fully understand what the impact of this is," Goolsbee said in an... (continue reading...)
By Arunima Kumar
(Reuters) -Exxon Mobil has lost its arbitration challenge to block Chevron's $55 billion Hess acquisition deal, but the top U.S. oil producer managed to delay the tie-up by over a year, costing its rival billions in lost Guyana oil revenue and slowing integration.
Chevron's deal, first announced in October 2023, closed on Friday after a drawn-out dispute over Hess's 30% stake in Guyana's Stabroek block, the most attractive... (continue reading...)
By Philip Blenkinsop and Maria Martinez
DURBAN, South Africa (Reuters) -Germany, the Netherlands and Sweden oppose European Union joint borrowing despite mounting global challenges, while Denmark is sceptical, finance ministers from those countries said on the sidelines of a G20 meeting in Durban, South Africa.
Dutch Finance Minister Eelco Heinen said that a 2 trillion euro ($2.31 trillion) EU budget for 2028 to 2034 proposed on Wednesday by... (continue reading...)
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