EUR/USD 1.15248
-0.732%
Gold 4318.68
-3.497%
Oil 88.549
-2.697%
USD/JPY 160.177
0.098%
GBP/USD 1.33372
-0.643%
GBP/JPY 213.636
-0.547%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Russian Presidential Aide Ushakov: Moscow maintains close contact with Kyiv.On June 7th, Christodoros Pazalides, a member of the European Central Banks Governing Council and Governor of the Central Bank of Cyprus, stated that it is time for Europe to abandon its long-standing political resistance to joint debt issuance, as large-scale "safe assets" would help enhance the EUs sovereignty and stability. Europe has long discussed creating a benchmark financial instrument through joint borrowing to challenge the status of US Treasury bonds, but some countries, particularly Germany and the Netherlands, have opposed it, fearing that their taxpayers would ultimately foot the bill for the fiscal irresponsibility of other countries. This lack of common safe assets has left the EUs financial architecture incomplete, leading to higher borrowing costs and reduced competitiveness, thus prompting the ECB to increasingly push for this policy shift. In a commentary, Pazalides stated, "The current economic, geopolitical, and institutional conditions are unusually synchronized, providing a strong justification for issuing European common safe assets." He also pointed out that such instruments could not only reduce financing costs but also provide the necessary funding for joint projects in areas such as green and digital transformation, artificial intelligence projects, defense, public health preparedness, and energy security.Ukrainian President Zelensky: Russias deliberate attack on nuclear fuel storage facilities was an "extremely despicable" attack.June 7 – Armenia held its National Assembly (parliamentary) elections on June 7, with voters casting their ballots for at least 101 members of parliament from candidates representing 18 political parties and coalitions. A total of 2,005 polling stations were set up, with over 2.48 million registered voters. Voting took place from 8:00 AM to 8:00 PM local time on June 7. The Armenian Central Election Commission will release preliminary vote counts within 24 hours of the polls closing, with final results announced one week later. The parliament elected in this election will elect a new prime minister.According to Saudi media outlet Alhadath, a senior diplomatic source revealed that Pakistans Interior Minister conveyed to Iran the message that the United States had agreed to ease sanctions.

REUTERS NEXT: U.S. Treasury’s Adeyemo calls for global cooperation on crypto regulations

Cory Russell

Dec 02, 2022 16:03

微信截图_20221202104632.png


According to US Deputy Treasury Secretary Wally Adeyemo on Thursday, the failure of the cryptocurrency exchange FTX, based in the Bahamas, highlights the necessity for the United States to work with other nations to create comprehensive international laws for the crypto sector.


Adeyemo stressed the significance of setting up regulatory frameworks to safeguard consumers, investors, and financial stability as well as to prevent unauthorized uses of cryptocurrencies at the Reuters NEXT conference. He claimed that the effort needed to be expanded because FTX was not an American company.


"This is a worldwide occurrence. And when we consider innovations like cryptocurrencies, we'll need to work closely with our international allies to build a regulatory system in a framework that helps us to ensure we protect the global economy, Adeyemo told Reuters NEXT.

Suggestion