EUR/USD 1.14609
-0.125%
Gold 4210.56
1.324%
Oil 75.178
-1.632%
USD/JPY 161.715
0.266%
GBP/USD 1.32431
0.078%
GBP/JPY 214.161
0.343%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
June 22 – Asian crude oil imports are expected to recover to pre-Iranian conflict levels, but refined product supplies remain constrained, and this supply tightness will be reflected in prices. According to data compiled by shipping intelligence firm Kpler, Asia is projected to import approximately 22.18 million barrels per day (bpd) of crude oil in June, compared to 20.35 million bpd in May. June imports are still below the average of 26.76 million bpd in the three months prior to the US-Israel attacks on Iran on February 28. However, this figure is significantly higher than the eight-year low of 18.77 million bpd in April, the month when the effects of Irans effective closure of the Strait of Hormuz during the conflict were most severe. Furthermore, the pre-conflict situation where approximately 20% of global crude oil and refined product shipments transited the Strait of Hormuz is likely to resume, which would allow more oil to arrive in Asia in July.The Russian Ministry of Defense stated that in the past 24 hours, Russian armed forces attacked oil refining facilities in Ukraine, as well as fuel, energy, and transportation infrastructure.Bank of America: It expects the Federal Reserve to raise interest rates by 25 basis points each in September, October and December 2026, compared with its previous forecast that interest rates would remain unchanged this year.On June 22, Berenberg Bank analyst Holger Schmiding stated in a report that the European Central Banks deposit rate is expected to reach 3% by mid-2029 (currently at 2.25%). The institution had previously predicted this level would be reached in 2028. With the interim US-Iran agreement lowering energy costs, overall inflation in the Eurozone could fall below 2% by early 2027. This means the ECB may postpone interest rate hikes until the end of 2028. Schmiding stated that by then, Europes aging population is expected to begin causing labor supply to shrink faster than demand, thereby pushing up wages and forcing the central bank to raise interest rates.A German government spokesperson stated: "We believe that British Prime Minister Starmer will still attend the E5 meeting in Berlin; Starmer has always been a reliable and close partner."

FBI Arrests CEO of NY-Based Crypto Platform for Alleged Fraudulent Scheme

Jimmy Khan

May 16, 2022 10:13

A fraudulent scheme has been filed against the CEO of a crypto.


Eddy Alexandre offered its investors a weekly return of 5%.


The Securities and Commodities Fraud Task Force of the Office is investigating the matter.


The FBI has detained Eddy Alexandre, the CEO of cryptocurrency trading platform EminiFX, on charges of commodities and wire fraud.


According to the US Department of Justice, between September 2021 and May 2022, Alexandre operated a fraudulent crypto investment and trading business, soliciting $59 million in investments from hundreds of individuals.

False promises and high-end goods

Alexandre allegedly made false promises of huge returns, claiming that users of the site would become millionaires in a matter of years if they invested $100,000.


"In truth, no such technology existed," said US Attorney Damian Williams, "since Alexandre is claimed to have invested very little of their money – most of which he lost – and moved the majority of it to his own personal accounts to purchase for luxury products for himself."


"As charged, Mr. Alexandre solicited millions of dollars from naïve investors to whom he 'guaranteed' weekly returns of 5% via his trading platform utilizing a new technology he neglected to reveal," FBI Assistant Director-in-Charge Michael J. Driscoll stated. He subsequently utilized a considerable percentage of the investment monies he collected to acquire lavish pleasures for himself, as did many other unscrupulous performers before him."


Alexandre is accused of transferring at least $14.7 million in investor cash to his personal bank accounts rather than investing them as promised. He also spent $155,000 in investor monies on a BMW automobile and $13,000 on car payments, according to the release.

Suggestion