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On May 25, according to the Financial Times, Canadas second largest pension fund, the Caisse de dépôt et placement du Québec (CDPQ), announced that it will invest more than 8 billion pounds in the UK in the next five years, which will inject a shot in the arm for British Chancellor of the Exchequer Reeves plan to promote investment in infrastructure construction. Charles Emond, CEO of the fund, revealed in an interview that it plans to increase its asset allocation in the UK by 50%. CDPQ currently manages 473 billion Canadian dollars (254 billion pounds) in assets representing 6 million insured persons. Its existing investments in the UK include shares in the First Hydro Company in Wales and the London Array offshore wind farm in the Thames Estuary, with a total value of about 17 billion pounds.Russian Ministry of Defense: Our air defense forces destroyed and shot down 110 Ukrainian drones over several provinces of Russia.Market news: Canadian pension giant will invest more than 8 billion pounds in the UK.Market news: The UK is considering imposing a tax on retirees to recover winter fuel subsidies.On May 25, institutional analysis pointed out that the market expects the U.S. core PCE price index to be released next Friday to rise by 0.1% month-on-month, compared with the same period in March. Economists generally believe that although the impact of U.S. President Trumps tariffs on April price data will be mild, the impact of trade policy is expected to become more obvious as early as next month. Given that there are no obvious signs of deterioration in the current job market, Federal Reserve officials tend to keep interest rates unchanged until the impact of trade policy adjustments is fully reflected in economic data.

Australian govt embarks on crypto stocktake ahead of sector regulation

Skylar Shaw

Aug 23, 2022 14:27

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Australia said on Monday that it will conduct a virtual inventory of its cryptocurrency assets. This is the first indication from the new centre-left administration that it intends to regulate the $1 trillion industry.


The first stage in determining which bitcoin assets to regulate and how will be to classify the many forms and applications of digital money possessed in the nation, according to Treasurer Jim Chalmers.


He said in a statement, "Australia would be the first nation in the world to execute such an experiment."


We need to ensure that clients using cryptocurrency are properly educated and safeguarded, according to Chalmers. "With the growing broad proliferation of crypto assets, to the degree that crypto marketing can be seen plastered all over major sports events," Chalmers stated.


Australia has spent years debating how to control cryptocurrencies, which are controlled by decentralized computer networks rather than traditional financial institutions like central banks.


Since 2020, when a rise in the sector's popularity was brought on by COVID-19 stimulus grants and home working, there have been more calls for involvement.


A Senate investigation conducted last year by the previous conservative administration suggested extensive rules to safeguard bitcoin owners, but that administration lost an election in May before any new legislation were implemented.


According to data by the Australian Securities and Investments Commission, 44% of retail investors owned cryptocurrencies as of the end of 2021. This led to the ASIC's declaration that the industry should be regulated.


The treasurer, Chalmers, said on Monday that the token mapping effort will be "the first stage towards a reform program," although he did not provide any other details.

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